607 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
Rental property for sale in Locust Grove at 607 Parnassus Rd, Locust Grove, GA, 30248 priced at $360,605 converts $2,394/mo rent into $199/mo cash flow after a $1,765/mo obligation. Total monthly income equals $2,394/mo, and annual cash flow totals $2,391/yr on $119,541 invested. Return on cash invested prints 21.91% in year one, and rental yield reads 7.97% against a $360,605 entry. Equity gained on principal adds $2,327/yr, while 5% annual appreciation compiles into $99,629 by year five. Five-year ROI reaches 113.46% and total cumulative return in cash sums $135,631. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $1,765/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.25 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: GEORGIA WRIGHT • D.R.. Horton Realty of Georgia, Inc
Mls Name: FMLS GA
Mls ID: #7655013