3186 Kincaid DrDecaturGA30033
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
Investment Highlights
Rental property for sale in Decatur at 3186 Kincaid Dr, Decatur, GA, 30033 priced at $508,000 converts $3,578/mo rent into $212/mo cash flow after a $2,486/mo obligation. Total monthly income equals $3,578/mo, and annual cash flow totals $2,540/yr on $167,132 invested. Return on cash invested prints 21.58% in year one, and rental yield reads 8.45% against a $508,000 entry. Equity gained on principal adds $3,278/yr, while 5% annual appreciation compiles into $140,351 by year five. Five-year ROI reaches 112.35% and total cumulative return in cash sums $187,775. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,578/mo property income covering a $2,486/mo payment, not borrower’s personal income.
Townhouse
Built in 2019
1,001 sqft lot
$N/A/sqft
$3,300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30033, Decatur, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,938 (100%) |
| Owner Occupied HU | 8,684 (51.3%) |
| Renter Occupied HU | 6,875 (40.6%) |
| Vacant Housing Units | 1,379 ( 8.1%) |
| Median Home Value | $464,558 |
| Average Home Value | $519,924 |
Housing Distribution
Address Breakdown
Residential
16,474
Single Family
11,096
Multi-Family
5,378
Businesses
913
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Listed by: Susan H Ayers • Clickit Realty Inc.
Mls Name: GAMLS
Mls Provider:
Mls ID: #10353420
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.