3311 Spain RdSnellvilleGA30039
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 3311 Spain Rd, Snellville, GA, 30039 in Snellville. Priced at $295,000, it generates $4,745/mo in gross rent and $2,765/mo in net monthly cash flow, a 19.3% yield that comfortably supports the 3.58 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $33,177. Five-year appreciation: $81,503. Equity from principal paydown: $2,717/yr. Total projected cumulative return: $290,430.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 19.3% | 7.0% |
| Monthly Cash Flow | $2,765 | $250 |
City averages based on Snellville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,745 |
| Total Monthly Debt Service | $1,863 |
| DSCR Ratio | 2.55x |
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 1977
0.84 Acres lot
$N/A/sqft
No 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 1977
0.84 Acres lot
$N/A/sqft
No 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