8363 Norris Lake RdSnellvilleGA30039
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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
Investment property for sale in Snellville at 8363 Norris Lake Rd, Snellville, GA, 30039 uses $66,267 cash to close to unlock $9,261/yr annual cash flow and $772/mo monthly cash flow. Total monthly income runs $1,988/mo, and a $978/mo payment keeps the spread at $772/mo. Purchase price stands at $199,900, and rental yield measures 11.93% with $1,988/mo rent. Return on cash invested shows 33.89% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 177.66% and total cumulative return in cash records $117,733. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,988/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1991
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30039, Snellville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,870 (100%) |
| Owner Occupied HU | 12,095 (76.2%) |
| Renter Occupied HU | 3,299 (20.8%) |
| Vacant Housing Units | 476 ( 3.0%) |
| Median Home Value | $381,894 |
| Average Home Value | $418,775 |
Housing Distribution
Address Breakdown
Residential
16,190
Single Family
15,605
Multi-Family
585
Businesses
833
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Listed by: Edwina Bass • Triumphant Realty Group
Mls Name: GAMLS
Mls ID: #10668496