615 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 615 Parnassus Rd, Locust Grove, GA, 30248 offers $2,394/mo rent that, after a $1,737/mo payment, leaves $234/mo cash flow. Total monthly income is $2,394/mo, and annual cash flow is $2,808/yr on $117,674 cash. Return on cash invested measures 22.3% in year one, and rental yield stands at 8.09% at a $354,975 entry. Equity gained on principal adds $2,291/yr while 5% annual appreciation compounds into $98,073 by year five. Five-year ROI records 115.49% and total cumulative return in cash reaches $135,904. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,394/mo property income versus a $1,737/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.30 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: Willie R Stephens Jr. • D.R. Horton Realty of Georgia, Inc.
Mls Name: GAMLS
Mls ID: #10652080