1485 N Morningside Dr NEAtlantaGA30306
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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 1485 N Morningside Dr NE, Atlanta, GA, 30306 uses $296,051 cash to close to unlock $6,092/yr annual cash flow and $508/mo monthly cash flow. Total monthly income runs $5,984/mo, and a $4,404/mo payment keeps the spread at $508/mo. Purchase price stands at $899,850, and rental yield measures 7.98% with $5,984/mo rent. Return on cash invested shows 22.12% in year one, and 5% annual appreciation builds toward $248,612 over five years. Five-year ROI reaches 114.52% and total cumulative return in cash records $339,024. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,984/mo property income covering a $4,404/mo payment rather than investor’s personal income.
Single Family
Built in 1928
10,707 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30306, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,791 (100%) |
| Owner Occupied HU | 6,947 (54.3%) |
| Renter Occupied HU | 5,118 (40.0%) |
| Vacant Housing Units | 726 ( 5.7%) |
| Median Home Value | $851,880 |
| Average Home Value | $914,740 |
Housing Distribution
Address Breakdown
Residential
12,342
Single Family
9,298
Multi-Family
3,044
Businesses
494
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