190 Meredith Ridge Rd #39AthensGA30605
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Athens at 190 Meredith Ridge Rd #39, Athens, GA, 30605 generates $2,357/mo in rent and, after a $1,810/mo payment, leaves $29/mo in cash flow. Total monthly income is $2,357/mo, and annual cash flow is $350/yr on $122,622 invested. Return on cash invested sits at 20.19% in year one, and rental yield is 7.65% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 104.53% and total cumulative return in cash sums $128,182. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,357/mo property income rather than buyer’s personal income.
Condo
Built in 2005
6,033 sqft lot
$N/A/sqft
$77 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30605, Athens, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,640 (100%) |
| Owner Occupied HU | 6,560 (33.4%) |
| Renter Occupied HU | 11,686 (59.5%) |
| Vacant Housing Units | 1,394 ( 7.1%) |
| Median Home Value | $302,730 |
| Average Home Value | $339,131 |
Housing Distribution
Address Breakdown
Residential
18,751
Single Family
14,372
Multi-Family
4,379
Businesses
789
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jane Greenway • Coldwell Banker Upchurch Realty
Mls Name: Classic MLS
Mls Provider:
Mls ID: #1022504
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.