3116 Spring Meadow DrSnellvilleGA30039
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 3116 Spring Meadow Dr, Snellville, GA, 30039 in Snellville: $3,238/mo in rent, $375/mo in net income, 8.63% gross yield, 1.60 DSCR, all at $450,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $124,327 in appreciation and $4,145/yr in principal paydown projects total cumulative return of $195,216.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.0% |
| Monthly Cash Flow | $375 | $250 |
City averages based on Snellville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,238 |
| Total Monthly Debt Service | $2,683 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 2001
0.28 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30039, Snellville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,870 (100%) |
| Owner Occupied HU | 12,095 (76.2%) |
| Renter Occupied HU | 3,299 (20.8%) |
| Vacant Housing Units | 476 ( 3.0%) |
| Median Home Value | $381,894 |
| Average Home Value | $418,775 |
Housing Distribution
Address Breakdown
Residential
16,190
Single Family
15,605
Multi-Family
585
Businesses
833
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
Single Family
Built in 2001
0.28 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30039, Snellville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,870 (100%) |
| Owner Occupied HU | 12,095 (76.2%) |
| Renter Occupied HU | 3,299 (20.8%) |
| Vacant Housing Units | 476 ( 3.0%) |
| Median Home Value | $381,894 |
| Average Home Value | $418,775 |
Housing Distribution
Address Breakdown
Residential
16,190
Single Family
15,605
Multi-Family
585
Businesses
833
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices