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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Morrow at 6424 Stone Ter, Morrow, GA, 30260 priced at $110,000 converts $2,086/mo rent into $1,184/mo cash flow after a $538/mo obligation. Total monthly income equals $2,086/mo, and annual cash flow totals $14,202/yr on $36,465 invested. Return on cash invested prints 58.86% in year one, and rental yield reads 22.76% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 314.44% and total cumulative return in cash sums $114,660. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,086/mo property income covering a $538/mo payment, not borrower’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$2,640 annually HOA
Neighborhood data shown for ZIP Code: 30260, Morrow, GA area.
| 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 |
Residential
9,613
Single Family
7,843
Multi-Family
1,770
Businesses
1,190
Date | Event | Price |
|---|---|---|
| 2023-11-13 | Price change | $110,000 |
| 2023-10-04 | Listed for sale | $125,000 |
| 2023-06-29 | Listing removed | $105,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-16 | $1073.69 | 33.68% | $27,200 | 45.61% |
| 2022-09-16 | $803.15 | 13.12% | $18,680 | 15.31% |
| 2021-09-16 | $710.00 | 33.72% | $16,200 | 7.06% |
Listed by: Marlena Harte • LANDA GA
Mls Name: GAMLS
Mls Provider:
Mls ID: #10210301
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
