32 Lily PointSpartaGA31087
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 Sparta at 32 Lily Point, Sparta, GA, 31087 offers $3,571/mo rent that, after a $7,024/mo payment. Total monthly income is $3,571/mo. Return on cash invested measures 7.04% in year one, and rental yield stands at 2.99% at a $1,435,000 entry. Equity gained on principal adds $9,260/yr while 5% annual appreciation compounds into $396,464 by year five. Five-year ROI records 33.61% and total cumulative return in cash reaches $156,280. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,571/mo property income versus a $7,024/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31087, Sparta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,901 (100%) |
| Owner Occupied HU | 2,551 (52.1%) |
| Renter Occupied HU | 719 (14.7%) |
| Vacant Housing Units | 1,631 (33.3%) |
| Median Home Value | $139,082 |
| Average Home Value | $239,371 |
Housing Distribution
Address Breakdown
Residential
4,133
Single Family
4,084
Multi-Family
49
Businesses
209
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