3010 Parc Lorraine #3010LithoniaGA30038
INVESTMENT ANALYSIS
Investment Verdict
Solid Income3010 Parc Lorraine #3010, Lithonia, GA, 30038 in Lithonia carries a 1.77 coverage ratio, rent of $842/mo is 1.77 times the $475/mo payment. Rental yield 9.58%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $105,523 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $29,154; total projected cumulative return: $36,091.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 7.2% |
| Monthly Cash Flow | $(80) | $450 |
City averages based on Lithonia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $842 |
| Total Monthly Debt Service | $880 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
N/A lot
$N/A/sqft
$3,360 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1974
N/A lot
$N/A/sqft
$3,360 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bola Tolase • Pro Realty LLC
Mls Name: GAMLS
Mls Provider:
Mls ID: #10320168
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