1918 Spring AveEast PtGA30344
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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 East Pt at 1918 Spring Ave, East Pt, GA, 30344 uses $70,278 cash to close to unlock $5,092/yr annual cash flow and $424/mo monthly cash flow. Total monthly income runs $1,715/mo, and a $1,038/mo payment keeps the spread at $424/mo. Purchase price stands at $212,000, and rental yield measures 9.71% with $1,715/mo rent. Return on cash invested shows 27.16% in year one, and 5% annual appreciation builds toward $58,572 over five years. Five-year ROI reaches 141.6% and total cumulative return in cash records $99,511. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,715/mo property income covering a $1,038/mo payment rather than investor’s personal income.
Multi Family
Built in 1940
9,757 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30344, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,237 (100%) |
| Owner Occupied HU | 6,648 (38.6%) |
| Renter Occupied HU | 8,912 (51.7%) |
| Vacant Housing Units | 1,677 ( 9.7%) |
| Median Home Value | $284,435 |
| Average Home Value | $313,393 |
Housing Distribution
Address Breakdown
Residential
15,573
Single Family
13,832
Multi-Family
1,741
Businesses
1,095
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