6930 Red Bone WayLithoniaGA30038
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeA DSCR of 1.52 makes 6930 Red Bone Way, Lithonia, GA, 30038 in Lithonia one of the easier properties to finance via Ziffy Mortgage's rental-income underwriting. Rental yield 8.2%. The 8.2% yield, 5% annual appreciation ($55,256 over five years), and $1,842/yr in principal reduction project a total cumulative return of $67,667.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.2% |
| Monthly Cash Flow | $(146) | $450 |
City averages based on Lithonia market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,367 |
| Total Monthly Debt Service | $1,434 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2001
9,147 sqft lot
$N/A/sqft
$225 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30038, Lithonia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,010 (100%) |
| Owner Occupied HU | 10,302 (57.2%) |
| Renter Occupied HU | 6,779 (37.6%) |
| Vacant Housing Units | 929 ( 5.2%) |
| Median Home Value | $323,933 |
| Average Home Value | $354,864 |
Housing Distribution
Address Breakdown
Residential
17,475
Single Family
14,223
Multi-Family
3,252
Businesses
554
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
Single Family
Built in 2001
9,147 sqft lot
$N/A/sqft
$225 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30038, Lithonia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,010 (100%) |
| Owner Occupied HU | 10,302 (57.2%) |
| Renter Occupied HU | 6,779 (37.6%) |
| Vacant Housing Units | 929 ( 5.2%) |
| Median Home Value | $323,933 |
| Average Home Value | $354,864 |
Housing Distribution
Address Breakdown
Residential
17,475
Single Family
14,223
Multi-Family
3,252
Businesses
554
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Courtney Newton • Keller Williams Realty West Atlanta
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7493152
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