131 E Broad St APT 408AthensGA30601
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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
Total monthly income runs $1,463/mo, and a $1,982/mo payment. Purchase price stands at $405,000, and rental yield measures 4.33% with $1,463/mo rent. Return on cash invested shows 8.61% in year one, and 5% annual appreciation builds toward $111,894 over five years. Five-year ROI reaches 43% and total cumulative return in cash records $57,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,463/mo property income covering a $1,982/mo payment rather than investor’s personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$262 monthly 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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Listed by: Hally DeMent • Ansley Real Estate Christie's Int'l Real Estate
Mls Name: Classic MLS
Mls Provider:
Mls ID: #1022181
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.