929 Erika LnGrovetownGA30813
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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 Grovetown at 929 Erika Ln, Grovetown, GA, 30813 priced at $224,900 converts $2,534/mo rent into $1,117/mo cash flow after a $1,101/mo obligation. Total monthly income equals $2,534/mo, and annual cash flow totals $13,400/yr on $74,554 invested. Return on cash invested prints 37.88% in year one, and rental yield reads 13.52% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 199.38% and total cumulative return in cash sums $148,645. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,534/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Townhouse
Built in 2015
2,613 sqft lot
$N/A/sqft
$580 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30813, Grovetown, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,775 (100%) |
| Owner Occupied HU | 14,025 (70.9%) |
| Renter Occupied HU | 4,783 (24.2%) |
| Vacant Housing Units | 967 ( 4.9%) |
| Median Home Value | $333,337 |
| Average Home Value | $348,179 |
Housing Distribution
Address Breakdown
Residential
19,508
Single Family
19,146
Multi-Family
362
Businesses
586
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Listed by: Richard Poythress • Defoor Realty
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #530947
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.