604 Parnassus RdLocust GroveGA30248
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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 Locust Grove at 604 Parnassus Rd, Locust Grove, GA, 30248 uses $137,805 cash to close to unlock $3,283/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $2,804/mo, and a $2,035/mo payment keeps the spread at $274/mo. Purchase price stands at $415,700, and rental yield measures 8.09% with $2,804/mo rent. Return on cash invested shows 22.29% in year one, and 5% annual appreciation builds toward $114,850 over five years. Five-year ROI reaches 115.49% and total cumulative return in cash records $159,157. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,804/mo property income covering a $2,035/mo payment rather than investor’s personal income.
Single Family
Built in 2025
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
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Listed by: Oak Ridge Meadows • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A