6390 Magnolia LnMorrowGA30260
Nearby investment properties with comparable rents
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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 Morrow at 6390 Magnolia Ln, Morrow, GA, 30260 generates $836/mo in rent, after a $528/mo payment. Total monthly income is $836/mo. Return on cash invested sits at 12.56% in year one, and rental yield is 9.3% on a $107,899 entry. Equity gained on principal adds $696/yr, while 5% annual appreciation builds toward $29,811 over five years. Five-year ROI reaches 68.14% and total cumulative return in cash sums $24,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $836/mo property income rather than buyer’s personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
$300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30260, Morrow, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,745 (100%) |
| Owner Occupied HU | 4,749 (40.4%) |
| Renter Occupied HU | 5,964 (50.8%) |
| Vacant Housing Units | 1,032 ( 8.8%) |
| Median Home Value | $229,542 |
| Average Home Value | $261,335 |
Housing Distribution
Address Breakdown
Residential
9,613
Single Family
7,843
Multi-Family
1,770
Businesses
1,190
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Listed by: Michelle Farmer • 1st Class Estate Premier Group LTD
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7555797
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