508 Greenridge CirStone MountainGA30083
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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 Stone Mountain at 508 Greenridge Cir, Stone Mountain, GA, 30083 with 5% annual appreciation on a $290,000 basis while $2,930/mo rent supports operations. Total monthly income totals $2,930/mo and a $1,419/mo payment preserves $1,165/mo for cash returns. Annual cash flow comes to $13,985/yr on $96,135 deployed, and return on cash invested reaches 34.46% in year one. Equity gained on principal adds $1,871/yr, and five-year appreciation sums $80,122 alongside rental yield of 12.12%. Five-year ROI measures 180.75% and total cumulative return in cash totals $173,764.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,930/mo property income versus a $1,419/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30083, Stone Mountain, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,171 (100%) |
| Owner Occupied HU | 10,576 (45.6%) |
| Renter Occupied HU | 10,684 (46.1%) |
| Vacant Housing Units | 1,911 ( 8.2%) |
| Median Home Value | $284,446 |
| Average Home Value | $323,754 |
Housing Distribution
Address Breakdown
Residential
22,501
Single Family
16,111
Multi-Family
6,390
Businesses
1,219
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Listed by: Wilson Nguyen • Simply Homes ATL
Mls Name: GAMLS
Mls ID: #10579031