4113 Spencer LnLithoniaGA30038
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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 Lithonia at 4113 Spencer Ln, Lithonia, GA, 30038 uses $132,567 cash to close to unlock $4,109/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $2,776/mo, and a $1,957/mo payment keeps the spread at $342/mo. Purchase price stands at $399,900, and rental yield measures 8.33% with $2,776/mo rent. Return on cash invested shows 23.01% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 119.35% and total cumulative return in cash records $158,216. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,776/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 2023
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30038, Lithonia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,010 (100%) |
| Owner Occupied HU | 10,302 (57.2%) |
| Renter Occupied HU | 6,779 (37.6%) |
| Vacant Housing Units | 929 ( 5.2%) |
| Median Home Value | $323,933 |
| Average Home Value | $354,864 |
Housing Distribution
Address Breakdown
Residential
17,475
Single Family
14,223
Multi-Family
3,252
Businesses
554
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