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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in East Point at 5600 Laurel Ridge Dr, East Point, GA, 30344 priced at $310,000 converts $2,984/mo rent into $1,062/mo cash flow after a $1,517/mo obligation. Total monthly income equals $2,984/mo, and annual cash flow totals $12,743/yr on $102,765 invested. Return on cash invested prints 32.31% in year one, and rental yield reads 11.55% against a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation compiles into $85,647 by year five. Five-year ROI reaches 169.34% and total cumulative return in cash sums $174,019. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,984/mo property income covering a $1,517/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30344, Atlanta, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,237 (100%) |
| Owner Occupied HU | 6,648 (38.6%) |
| Renter Occupied HU | 8,912 (51.7%) |
| Vacant Housing Units | 1,677 ( 9.7%) |
| Median Home Value | $284,435 |
| Average Home Value | $313,393 |
Residential
15,573
Single Family
13,832
Multi-Family
1,741
Businesses
1,095
Date | Event | Price |
|---|---|---|
| 2024-10-08 | Price change | $310,000 |
| 2024-09-15 | Price change | $315,000 |
| 2024-06-19 | Listed for sale | $320,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-16 | $2999.27 | -0.46% | $114,520 | N/A |
| 2022-11-16 | $3013.01 | 102.07% | $114,520 | 108.37% |
| 2021-11-16 | $1491.07 | -2.53% | $54,960 | 1.40% |
Listed by: Sonya Peterson • Realty One Group Edge
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7406748
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