5297 Spalding Mill PlNorcrossGA30092
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 Norcross at 5297 Spalding Mill Pl, Norcross, GA, 30092 generates $4,583/mo in rent, after a $3,866/mo payment. Total monthly income is $4,583/mo. Return on cash invested sits at 19.02% in year one, and rental yield is 6.96% on a $789,900 entry. Equity gained on principal adds $5,097/yr, while 5% annual appreciation builds toward $218,235 over five years. Five-year ROI reaches 97.92% and total cumulative return in cash sums $254,477. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,583/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30092, Norcross, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,016 (100%) |
| Owner Occupied HU | 7,828 (48.9%) |
| Renter Occupied HU | 7,389 (46.1%) |
| Vacant Housing Units | 799 ( 5.0%) |
| Median Home Value | $501,998 |
| Average Home Value | $540,934 |
Housing Distribution
Address Breakdown
Residential
15,207
Single Family
9,412
Multi-Family
5,795
Businesses
1,623
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices