116 Lake StAthensGA30601
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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 Athens at 116 Lake St, Athens, GA, 30601 with 5% annual appreciation on a $411,300 basis while $3,029/mo rent supports operations. Total monthly income totals $3,029/mo and a $2,013/mo payment preserves $406/mo for cash returns. Annual cash flow comes to $4,875/yr on $136,346 deployed, and return on cash invested reaches 23.48% in year one. Equity gained on principal adds $2,654/yr, and five-year appreciation sums $113,635 alongside rental yield of 8.84%. Five-year ROI measures 122.28% and total cumulative return in cash totals $166,728.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,029/mo property income versus a $2,013/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30601, Athens, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,003 (100%) |
| Owner Occupied HU | 3,353 (27.9%) |
| Renter Occupied HU | 7,391 (61.6%) |
| Vacant Housing Units | 1,259 (10.5%) |
| Median Home Value | $224,711 |
| Average Home Value | $283,517 |
Housing Distribution
Address Breakdown
Residential
10,679
Single Family
7,458
Multi-Family
3,221
Businesses
984
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