1011 Magnolia DrAthensGA30606
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 1011 Magnolia Dr, Athens, GA, 30606 in Athens is capital appreciation. Rental yield 4.84%. The 4.84% gross yield at $945,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $261,086 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.90) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $217,013.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 6.0% |
| Monthly Cash Flow | $(2,208) | $250 |
City averages based on Athens market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,810 |
| Total Monthly Debt Service | $5,642 |
| DSCR Ratio | 0.68x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1998
1.69 Acres lot
$N/A/sqft
$800 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30606, Athens, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,996 (100%) |
| Owner Occupied HU | 10,120 (44.0%) |
| Renter Occupied HU | 11,389 (49.5%) |
| Vacant Housing Units | 1,487 ( 6.5%) |
| Median Home Value | $359,212 |
| Average Home Value | $448,667 |
Housing Distribution
Address Breakdown
Residential
21,910
Single Family
16,323
Multi-Family
5,587
Businesses
1,560
Nearby investment properties with comparable rents
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
Single Family
Built in 1998
1.69 Acres lot
$N/A/sqft
$800 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30606, Athens, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,996 (100%) |
| Owner Occupied HU | 10,120 (44.0%) |
| Renter Occupied HU | 11,389 (49.5%) |
| Vacant Housing Units | 1,487 ( 6.5%) |
| Median Home Value | $359,212 |
| Average Home Value | $448,667 |
Housing Distribution
Address Breakdown
Residential
21,910
Single Family
16,323
Multi-Family
5,587
Businesses
1,560
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Charlie Upchurch III • Coldwell Banker Upchurch Realty
Mls Name: Classic MLS
Mls Provider:
Mls ID: #1027758
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.