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  Lithonia, GA 30038
  • 3 Beds
  • 2.5 Baths
  • 1,481 Sq. Ft
  • Built In 2002
Sold
$88,500
Current Rent
$935 /mo
  • Currently Cash-Flowing
  • • Institutionally Renovated and Maintained
  • • Professionally Screened Tenant

Financial Performance

Gross Yield

12.68%

based on an annual rent of $11,220.00 divided by the offer price of $88,500.00.

Net Yield

7.09%

based on a yearly adjusted income of $10,400.94 minus the total annual expense of $4,128.12 divided by the offer price of $88,500.00.

Cash Flow

$6,273

based on a yearly adjusted income of $10,400.94 minus the total annual expense of $4,128.12 and yearly mortgage expense.

Home Details

3 Bedroom, 2.5 bathroom single family home, 1481 s.f. built in 2002, current lease $935/month. Listing Broker and Seller assume no responsibility and make no guarantees, representations, warranties (express, implied or otherwise) as to the availability or accuracy of information contained herein. Cash or Cash equivalent, curb offers only, do not disturb tenants. Offers must be submitted directly to InvestabilityOffers@altisource.com.
Features

  • listed date Listed Date: May 6, 2016
  • year built Year built: 2002
  • square footage SqFt: 1,481
  • price per square foot Price/SqFt: $60
  • bedrooms Bed: 3
  • bathrooms Bath: 2.5
  • property type Type:   Single Family
  • county County: Dekalb
  Lithonia, GA 30038
  • 3 Beds
  • 2.5 Baths
  • 1,481 Sq. Ft
  • Built In 2002
Sold
$88,500
Current Rent
$935 /mo

  • Currently Cash-Flowing
  • • Institutionally Renovated and Maintained
  • • Professionally Screened Tenant
Gross Yield

12.68%

based on an annual rent of $11,220.00 divided by the offer price of $88,500.00.

Net Yield

7.09%

based on a yearly adjusted income of $10,400.94 minus the total annual expense of $4,128.12 divided by the offer price of $88,500.00.

Cash Flow

$6,273

based on a yearly adjusted income of $10,400.94 minus the total annual expense of $4,128.12 and yearly mortgage expense.

Home Details

3 Bedroom, 2.5 bathroom single family home, 1481 s.f. built in 2002, current lease $935/month. Listing Broker and Seller assume no responsibility and make no guarantees, representations, warranties (express, implied or otherwise) as to the availability or accuracy of information contained herein. Cash or Cash equivalent, curb offers only, do not disturb tenants. Offers must be submitted directly to InvestabilityOffers@altisource.com.
Features

  • listed date Listed Date: May 6, 2016
  • property type Type:   Single Family
  • year built Year built: 2002
  • square footage SqFt: 1,481
  • price per square foot Price/SqFt: $60
  • bedrooms Bed: 3
  • bathrooms Bath: 2.5
  • county County: Dekalb
Documents

Rental Benchmark

Rental benchmark is an examination of all rental prices within a 0.5 mi radius of this property.

Current Rent $935/mo
Current Rent $935/mo
VS
0.5 mi Radius $1,045/mo
Zip Code Median $1,085/mo
Section 8 $1,299/mo
Powered by The Most Trusted name in Rental Data

Rental Comparables

* All homes are Single Family homes with 3 Bedrooms

ADDRESS SQFT DIST RENT
A: 7117 Ravenwood Ln Lithonia GA 30038 1,827 0.09 $1,000
B: 7074 Ravenwood Ln Lithonia GA 30038 1,508 0.18 $999
C: 7052 Mahonia Pl Lithonia GA 30038 1,600 0.21 $1,000
D: 7099 Ravenwood Ln Lithonia GA 30038 1,520 0.14 $995
E: 6550 Browns Mill Ferry Dr Lithonia GA 30038 1,700 0.26 $1,000
View more comparables >
F: 6861 Mahonia Pl Lithonia GA 30038 1,618 0.08 $1,050
G: 7114 Ravenwood Ln Lithonia GA 30038 1,827 0.09 $1,050
H: 6833 Mahonia Pl Lithonia GA 30038 1,620 0.15 $1,045
I: 7002 Setters Way Lithonia GA 30038 1,609 0.06 $1,100
J: 7137 Ravenwood Ln Lithonia GA 30038 1,418 0.06 $925