2974 Phillips WayLithoniaGA30038
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lithonia at 2974 Phillips Way, Lithonia, GA, 30038 listed at $189,900 pairs $1,745/mo rent with a $929/mo payment to leave $400/mo cash flow. Total monthly income runs $1,745/mo, and annual cash flow reaches $4,805/yr on $62,952 cash to close. Return on cash invested measures 27.54% in year one, and rental yield registers 11.03% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 144.98% and total cumulative return in cash totals $91,265. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,745/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30038, Lithonia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,010 (100%) |
| Owner Occupied HU | 10,302 (57.2%) |
| Renter Occupied HU | 6,779 (37.6%) |
| Vacant Housing Units | 929 ( 5.2%) |
| Median Home Value | $323,933 |
| Average Home Value | $354,864 |
Housing Distribution
Address Breakdown
Residential
17,475
Single Family
14,223
Multi-Family
3,252
Businesses
554
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Listed by: Jarrell Bell • Steel Magnolias Realty, LLC.
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7396950
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