1 Normandy Ct NEAtlantaGA30324
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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 Atlanta at 1 Normandy Ct NE, Atlanta, GA, 30324 uses $107,075 cash to close to unlock $5,701/yr annual cash flow and $475/mo monthly cash flow. Total monthly income runs $3,094/mo, and a $1,581/mo payment keeps the spread at $475/mo. Purchase price stands at $323,000, and rental yield measures 11.49% with $3,094/mo rent. Return on cash invested shows 25.23% in year one, and 5% annual appreciation builds toward $89,239 over five years. Five-year ROI reaches 133.93% and total cumulative return in cash records $143,409. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,094/mo property income covering a $1,581/mo payment rather than investor’s personal income.
Condo
Built in 1983
35 Acres lot
$N/A/sqft
$7,836 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30324, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,303 (100%) |
| Owner Occupied HU | 6,353 (32.9%) |
| Renter Occupied HU | 11,191 (58.0%) |
| Vacant Housing Units | 1,759 ( 9.1%) |
| Median Home Value | $643,002 |
| Average Home Value | $730,921 |
Housing Distribution
Address Breakdown
Residential
18,709
Single Family
7,335
Multi-Family
11,374
Businesses
1,379
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Listed by: Alice Omorogbe • Keller Williams Realty Cityside
Mls Name: GAMLS
Mls Provider:
Mls ID: #10433722
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.