6238 Lance LnRiverdaleGA30274
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
Investment property for sale in Riverdale at 6238 Lance Ln, Riverdale, GA, 30274 offers a 8.2% rental yield on a $270,000 purchase with $1,845/mo rent. Total monthly income registers $1,845/mo, and a $1,322/mo payment leaves $201/mo available for distribution. Annual cash flow reaches $2,415/yr on $89,505 to close, and return on cash invested stands at 22.61% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,596 over five years. Portfolio math shows five-year ROI at 117.22% and total cumulative return in cash at $104,917. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,845/mo property income against a $1,322/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30274, Riverdale, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,402 (100%) |
| Owner Occupied HU | 5,652 (42.2%) |
| Renter Occupied HU | 6,987 (52.1%) |
| Vacant Housing Units | 763 ( 5.7%) |
| Median Home Value | $192,145 |
| Average Home Value | $220,868 |
Housing Distribution
Address Breakdown
Residential
12,803
Single Family
10,463
Multi-Family
2,340
Businesses
1,038
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices