2390 Mellville AveDecaturGA30032
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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 Decatur at 2390 Mellville Ave, Decatur, GA, 30032 uses $86,190 cash to close to unlock $2,954/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $1,829/mo, and a $1,273/mo payment keeps the spread at $246/mo. Purchase price stands at $260,000, and rental yield measures 8.44% with $1,829/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 121.13% and total cumulative return in cash records $104,405. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,829/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30032, Decatur, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,318 (100%) |
| Owner Occupied HU | 9,917 (44.4%) |
| Renter Occupied HU | 9,221 (41.3%) |
| Vacant Housing Units | 3,180 (14.2%) |
| Median Home Value | $308,774 |
| Average Home Value | $358,486 |
Housing Distribution
Address Breakdown
Residential
19,764
Single Family
16,823
Multi-Family
2,941
Businesses
1,018
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