2992 Parc LorraineLithoniaGA30038
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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
Rental property for sale in Lithonia at 2992 Parc Lorraine, Lithonia, GA, 30038 priced at $103,400 pairs $1,652/mo rent with $938/mo cash flow after a $506/mo payment. Total monthly income equals $1,652/mo, and annual cash flow comes to $11,255/yr on $34,277 invested. Return on cash invested is 52.74% in year one, and rental yield stands at 19.17% on a $103,400 basis. Equity gained on principal adds $667/yr, and 5% annual appreciation accumulates to $28,568 by year five. Five-year ROI measures 279.91% and total cumulative return in cash reaches $95,943. For financing, Ziffy Mortgage’s DSCR program evaluates $1,652/mo property income against a $506/mo payment instead of your W2s, 1099s, or Tax returns.
Apartment
Built in 1974
2,204 sqft 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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