7302 Par Four WayLithoniaGA30038
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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 Lithonia at 7302 Par Four Way, Lithonia, GA, 30038 priced at $122,000 converts $957/mo rent into after a $597/mo obligation. Total monthly income equals $957/mo. Return on cash invested prints 17.06% in year one, and rental yield reads 9.41% against a $122,000 entry. Equity gained on principal adds $787/yr, while 5% annual appreciation compiles into $33,706 by year five. Five-year ROI reaches 90.88% and total cumulative return in cash sums $36,755. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $957/mo property income covering a $597/mo payment, not borrower’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$200 monthly 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
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Listed by: Tanya Pickens • Opendoor Brokerage, LLC
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7553842
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