1688 Prince Ave APT 604AthensGA30606
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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 1688 Prince Ave APT 604, Athens, GA, 30606 uses $72,897 cash to close to unlock $4,552/yr annual cash flow and $379/mo monthly cash flow. Total monthly income runs $1,924/mo, and a $1,076/mo payment keeps the spread at $379/mo. Purchase price stands at $219,900, and rental yield measures 10.5% with $1,924/mo rent. Return on cash invested shows 26.15% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 137.46% and total cumulative return in cash records $100,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,924/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Condo
Built in 1985
906.05 sqft lot
$N/A/sqft
$161 monthly 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
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Listed by: Vince Lowery • V.Low Properties, Inc.
Mls Name: Classic MLS
Mls Provider:
Mls ID: #1022073
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.