502 Downing StLawrencevilleGA30046
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 Lawrenceville at 502 Downing St, Lawrenceville, GA, 30046 priced at $429,900 converts $2,186/mo rent into after a $2,104/mo obligation. Total monthly income equals $2,186/mo. Return on cash invested prints 16.29% in year one, and rental yield reads 6.1% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 83.28% and total cumulative return in cash sums $118,687. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,186/mo property income covering a $2,104/mo payment, not borrower’s personal income.
Multi Family
Built in 1983
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30046, Lawrenceville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,597 (100%) |
| Owner Occupied HU | 7,925 (50.8%) |
| Renter Occupied HU | 6,899 (44.2%) |
| Vacant Housing Units | 773 ( 5.0%) |
| Median Home Value | $372,969 |
| Average Home Value | $387,636 |
Housing Distribution
Address Breakdown
Residential
14,330
Single Family
11,961
Multi-Family
2,369
Businesses
2,406
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bonds Realty Group • Keller Williams Realty Atl. Partners
Mls Name: GAMLS
Mls ID: #10653375