148 Waverly Way NE APT 6, Atlanta, GA, 30307 | $1,127/mo Cash Flow

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148 Waverly Way NE APT 6, Atlanta, GA, 30307 | $1,127/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Atlanta at 148 Waverly Way NE APT 6, Atlanta, GA, 30307 generates $2,886/mo in rent and, after a $1,415/mo payment, leaves $1,127/mo in cash flow. Total monthly income is $2,886/mo, and annual cash flow is $13,519/yr on $95,804 invested. Return on cash invested sits at 34.02% in year one, and rental yield is 11.98% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 178.41% and total cumulative return in cash sums $170,918. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,886/mo property income rather than buyer’s personal income.

Condo

Built in 1965

753.59 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this wonderfully updated 2-bedroom, 1-bathroom condominium located in the heart of Historic Inman Park. Situated on the first floor, this charming home features a private patio that opens directly to a shared backyard which is perfect for relaxing or entertaining. Inside, you'll find a recently renovated kitchen which is bright and airy. Unit comes with one assigned parking spot. Enjoy all that Inman Park has to offer which is just steps from the Atlanta Beltline, Krog Street Market, and a wide array of restaurants, cafes, and boutique shopping. Experience the best of intown living in one of Atlanta's most beloved neighborhoods.

Neighborhood Data

Neighborhood data shown for ZIP Code: 30307, Atlanta, GA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,341 (100%)
Owner Occupied HU	6,179 (54.5%)
Renter Occupied HU	4,391 (38.7%)
Vacant Housing Units	771 ( 6.8%)
Median Home Value	$739,572
Average Home Value	$786,437