220 Renaissance Pkwy NE APT 2204, Atlanta, GA, 30308 | $706/mo Cash Flow

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220 Renaissance Pkwy NE APT 2204, Atlanta, GA, 30308 | $706/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 220 Renaissance Pkwy NE APT 2204, Atlanta, GA, 30308 generates $2,228/mo in rent and, after a $1,224/mo payment, leaves $706/mo in cash flow. Total monthly income is $2,228/mo, and annual cash flow is $8,473/yr on $82,875 invested. Return on cash invested sits at 30.13% in year one, and rental yield is 10.69% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 157.59% and total cumulative return in cash sums $130,606. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,228/mo property income rather than buyer’s personal income.

Condo

Built in 1993

1,084 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to Siena at Renaissance where Old Fourth Ward meets Midtown living at its best. This beautifully maintained two-bedroom, two-bath condominium offers the largest floor plan in Phase II of Siena at Renaissance, blending comfort, style, and convenience in one of Atlantas most dynamic neighborhoods. Step inside to find a completely updated kitchen with sleek granite countertops, modern cabinetry, and a gas rangeperfect for those who love to cook and entertain. Both bathrooms have been fully renovated, featuring stylish walk-in showers, contemporary tilework, and modern fixtures. The home is equipped with a newly installed HVAC system (June 2022) under a transferable five-year parts warranty, a new water heater (August 2024) with a ten-year parts and labor warranty, and an Ecobee Smart Thermostat for remote climate controlensuring efficiency, comfort, and peace of mind year-round. The open-concept living and dining area showcases abundant natural light, smooth ceilings, and elegant flooring, creating a warm and inviting atmosphere. The spacious bedrooms offer generous closet space, while the primary suite provides a serene retreat with a beautifully updated bath. Community amenities include a gated entrance, elevator access, guest parking, central mailboxes in the lobby, a fully equipped fitness center, a large club room for gatherings, and an inviting pool area with gas grills. A pedestrian gate conveniently connects residents to Publix and nearby shops at North and Piedmont, while Google Superfast Fiber keeps you connected. Neighborhood highlights: Old Fourth Ward is one of Atlantas most vibrant and rapidly evolving communitieshome to a thriving arts scene, boutique restaurants, dog parks, and annual festivals that celebrate the citys cultural diversity. Enjoy easy access to the Atlanta BeltLine, Piedmont Park, Ponce City Market, and the soon-to-be-redeveloped Atlanta Civic Center, which will bring even more cultural energy and value to the area. With its combination of modern updates, strong community amenities, and unbeatable location, this condo represents an excellent opportunity for both homeowners and investors alike. Experience modern living surrounded by history, culture, and connectionright in the heart of Atlanta.