2220 Spring Mill CvAtlantaGA30338
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.5% yield at 2220 Spring Mill Cv, Atlanta, GA, 30338 in Atlanta is solid, but the $3,035/mo payment compresses net cash flow to $110/mo at $675,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $186,490 by year five, and $6,217/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.39) without U.S. income documentation. Total projected return: $262,740.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 4.8% |
| Monthly Cash Flow | $110 | $1,850 |
City averages based on Atlanta market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,218 |
| Total Monthly Debt Service | $3,840 |
| DSCR Ratio | 1.10x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1972
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30338, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,241 (100%) |
| Owner Occupied HU | 9,602 (59.1%) |
| Renter Occupied HU | 5,630 (34.7%) |
| Vacant Housing Units | 1,009 ( 6.2%) |
| Median Home Value | $585,331 |
| Average Home Value | $613,169 |
Housing Distribution
Address Breakdown
Residential
15,359
Single Family
9,076
Multi-Family
6,283
Businesses
948
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
Single Family
Built in 1972
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30338, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,241 (100%) |
| Owner Occupied HU | 9,602 (59.1%) |
| Renter Occupied HU | 5,630 (34.7%) |
| Vacant Housing Units | 1,009 ( 6.2%) |
| Median Home Value | $585,331 |
| Average Home Value | $613,169 |
Housing Distribution
Address Breakdown
Residential
15,359
Single Family
9,076
Multi-Family
6,283
Businesses
948
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices