616 Simon Ive DrLawrencevilleGA30045
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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 Lawrenceville at 616 Simon Ive Dr, Lawrenceville, GA, 30045 priced at $375,000 converts $2,604/mo rent into $322/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,604/mo, and annual cash flow totals $3,865/yr on $124,313 invested. Return on cash invested prints 23.02% in year one, and rental yield reads 8.33% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 119.4% and total cumulative return in cash sums $148,431. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,604/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30045, Lawrenceville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,548 (100%) |
| Owner Occupied HU | 10,985 (81.1%) |
| Renter Occupied HU | 2,192 (16.2%) |
| Vacant Housing Units | 371 ( 2.7%) |
| Median Home Value | $407,842 |
| Average Home Value | $438,668 |
Housing Distribution
Address Breakdown
Residential
13,684
Single Family
13,653
Multi-Family
31
Businesses
245
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Listed by: Kathy Coots • Keller Williams Realty Atl Partners
Mls Name: FMLS GA
Mls ID: #7660212