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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 Moreland at 690 Alex Stephens Rd, Moreland, GA, 30259 generates $9,455/mo in rent and, after a $6,363/mo payment, leaves $1,543/mo in cash flow. Total monthly income is $9,455/mo, and annual cash flow is $18,514/yr on $421,200 invested. Return on cash invested sits at 24.77% in year one, and rental yield is 8.73% on a $1,300,000 entry. Equity gained on principal adds $8,389/yr, while 5% annual appreciation builds toward $359,166 over five years. Five-year ROI reaches 128.64% and total cumulative return in cash sums $541,851. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $9,455/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
29.14 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30259, Moreland, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,438 (100%) |
| Owner Occupied HU | 1,206 (83.9%) |
| Renter Occupied HU | 160 (11.1%) |
| Vacant Housing Units | 72 ( 5.0%) |
| Median Home Value | $370,203 |
| Average Home Value | $446,063 |
Residential
1,416
Single Family
1,416
Multi-Family
0
Businesses
73
Date | Event | Price |
|---|---|---|
| 2024-08-14 | Price change | $1,300,000 |
| 2024-08-09 | Listed for sale | $1,350,000 |
| 2024-06-14 | Pending sale | $1,350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-16 | $6933.43 | 19.35% | $359,553 | 20.29% |
| 2022-09-16 | $5809.22 | -21.19% | $298,913 | 7.47% |
| 2021-09-16 | $7371.16 | 32.46% | $278,136 | N/A |
No similar rental properties found nearby.
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Listed by: Steve Freeman Real Estate Group • Real Broker LLC
Mls Name: GAMLS
Mls Provider:
Mls ID: #10357897
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.
