604 Onieda DrLocust 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
Rental property for sale in Locust Grove at 604 Onieda Dr, Locust Grove, GA, 30248 priced at $329,900 converts $2,401/mo rent into $393/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,401/mo, and annual cash flow totals $4,714/yr on $109,362 invested. Return on cash invested prints 24.22% in year one, and rental yield reads 8.73% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 125.82% and total cumulative return in cash sums $137,595. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,401/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 2006
0.67 Acres 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
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Listed by: Kim H Hagen • Hagen Auction Co., Inc.
Mls Name: GAMLS
Mls ID: #10632829