523 Carleton PlLocust 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
Investment property for sale in Locust Grove at 523 Carleton Pl, Locust Grove, GA, 30248 uses $105,749 cash to close to unlock $10,186/yr annual cash flow and $849/mo monthly cash flow. Total monthly income runs $2,790/mo, and a $1,561/mo payment keeps the spread at $849/mo. Purchase price stands at $319,000, and rental yield measures 10.5% with $2,790/mo rent. Return on cash invested shows 29.54% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 154.36% and total cumulative return in cash records $163,237. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,790/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Single Family
Built in 2018
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kowheysi Gaines • HomeSmart
Mls Name: GAMLS
Mls ID: #10662056