608 Parnassus RdLocust 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 608 Parnassus Rd, Locust Grove, GA, 30248 offers $2,287/mo rent that, after a $1,947/mo payment. Total monthly income is $2,287/mo. Return on cash invested measures 18.69% in year one, and rental yield stands at 6.9% at a $397,855 entry. Equity gained on principal adds $2,567/yr while 5% annual appreciation compounds into $109,920 by year five. Five-year ROI records 96.16% and total cumulative return in cash reaches $126,818. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,287/mo property income versus a $1,947/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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