3088 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
Investment property for sale in Lithonia at 3088 Parc Lorraine, Lithonia, GA, 30038 with 5% annual appreciation on a $129,900 basis while $1,778/mo rent supports operations. Total monthly income totals $1,778/mo and a $636/mo payment preserves $654/mo for cash returns. Annual cash flow comes to $7,847/yr on $43,062 deployed, and return on cash invested reaches 38.13% in year one. Equity gained on principal adds $838/yr, and five-year appreciation sums $35,889 alongside rental yield of 16.42%. Five-year ROI measures 203.78% and total cumulative return in cash totals $87,751.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,778/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1974
2,204 sqft lot
$N/A/sqft
$285 monthly 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: Paul Almonte • Turnkey Realty
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7412303
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