3488 Richmond Dr SEConyersGA30094
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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 Conyers at 3488 Richmond Dr SE, Conyers, GA, 30094 uses $97,958 cash to close to unlock $322/yr annual cash flow and $27/mo monthly cash flow. Total monthly income runs $1,825/mo, and a $1,446/mo payment keeps the spread at $27/mo. Purchase price stands at $295,500, and rental yield measures 7.41% with $1,825/mo rent. Return on cash invested shows 20.24% in year one, and 5% annual appreciation builds toward $81,641 over five years. Five-year ROI reaches 104.46% and total cumulative return in cash records $102,327. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,825/mo property income covering a $1,446/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30094, Conyers, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,993 (100%) |
| Owner Occupied HU | 9,806 (75.5%) |
| Renter Occupied HU | 2,471 (19.0%) |
| Vacant Housing Units | 716 ( 5.5%) |
| Median Home Value | $293,317 |
| Average Home Value | $323,805 |
Housing Distribution
Address Breakdown
Residential
12,517
Single Family
11,804
Multi-Family
713
Businesses
535
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