89 Hicks LnLa FayetteGA30739
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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
Investment Highlights
Rental property for sale in La Fayette at 89 Hicks Ln, La Fayette, GA, 30739 priced at $425,000 converts $3,240/mo rent into $654/mo cash flow after a $2,080/mo obligation. Total monthly income equals $3,240/mo, and annual cash flow totals $7,842/yr on $140,888 invested. Return on cash invested prints 25.48% in year one, and rental yield reads 9.15% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 132.56% and total cumulative return in cash sums $186,761. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,240/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2018
0.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30739, Rock Spring, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,371 (100%) |
| Owner Occupied HU | 1,837 (77.5%) |
| Renter Occupied HU | 387 (16.3%) |
| Vacant Housing Units | 147 ( 6.2%) |
| Median Home Value | $280,405 |
| Average Home Value | $295,860 |
Housing Distribution
Address Breakdown
Residential
2,254
Single Family
2,254
Multi-Family
0
Businesses
153
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Listed by: Dexter Gouger • Keller Williams Realty
Mls Name: Greater Chattanooga Realtors
Mls ID: #1516512