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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Locust Grove at 308 Norway Spruce Ct, Locust Grove, GA, 30248 generates $3,140/mo in rent and, after a $1,957/mo payment, leaves $438/mo in cash flow. Total monthly income is $3,140/mo, and annual cash flow is $5,254/yr on $132,567 invested. Return on cash invested sits at 23.87% in year one, and rental yield is 9.42% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 124.83% and total cumulative return in cash sums $165,488. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,140/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30248, Locust Grove, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,812 (100%) |
| Owner Occupied HU | 9,530 (80.7%) |
| Renter Occupied HU | 1,862 (15.8%) |
| Vacant Housing Units | 420 ( 3.6%) |
| Median Home Value | $363,565 |
| Average Home Value | $387,256 |
Residential
11,804
Single Family
11,804
Multi-Family
0
Businesses
822
Date | Event | Price |
|---|---|---|
| 2024-12-28 | Price change | $399,900 |
| 2024-12-17 | Price change | $409,900 |
| 2024-12-09 | Price change | $419,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-09 | $6541.48 | 25.68% | $168,720 | 26.02% |
| 2022-01-09 | $5204.98 | 22.50% | $133,880 | 22.87% |
| 2021-01-09 | $4249.03 | 1.73% | $108,960 | 1.76% |
Listed by: Jack Lowry • Century 21 Results
Mls Name: GAMLS
Mls Provider:
Mls ID: #10418545
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
