380 Higgins RdLocust GroveGA30248
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 Locust Grove at 380 Higgins Rd, Locust Grove, GA, 30248 priced at $334,500 converts $2,458/mo rent into $422/mo cash flow after a $1,637/mo obligation. Total monthly income equals $2,458/mo, and annual cash flow totals $5,069/yr on $110,887 invested. Return on cash invested prints 24.48% in year one, and rental yield reads 8.82% against a $334,500 entry. Equity gained on principal adds $2,158/yr, while 5% annual appreciation compiles into $92,416 by year five. Five-year ROI reaches 127.24% and total cumulative return in cash sums $141,091. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,458/mo property income covering a $1,637/mo payment, not borrower’s personal income.
Single Family
Built in 1990
3.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30248, Locust Grove, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,812 (100%) |
| Owner Occupied HU | 9,530 (80.7%) |
| Renter Occupied HU | 1,862 (15.8%) |
| Vacant Housing Units | 420 ( 3.6%) |
| Median Home Value | $363,565 |
| Average Home Value | $387,256 |
Housing Distribution
Address Breakdown
Residential
11,804
Single Family
11,804
Multi-Family
0
Businesses
822
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Listed by: Tim Cherry • Team One Real Estate Professionals
Mls Name: GAMLS
Mls ID: #10562320