240 Melrose AveDecaturGA30030
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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 240 Melrose Ave, Decatur, GA, 30030 at $649,500 posts ROI 16.75% with from $3,364/mo rent. Total monthly income equals $3,364/mo. Return on cash invested measures 16.75% and rental yield reads 6.22% at the current $649,500. Equity gained on principal adds $4,191/yr, and 5% annual appreciation supports $179,445 by year five. Five-year ROI prints 85.77% and total cumulative return in cash totals $183,277. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,364/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1915
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30030, Decatur, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,343 (100%) |
| Owner Occupied HU | 8,341 (51.0%) |
| Renter Occupied HU | 6,374 (39.0%) |
| Vacant Housing Units | 1,628 ( 10.0%) |
| Median Home Value | $656,926 |
| Average Home Value | $715,270 |
Housing Distribution
Address Breakdown
Residential
15,501
Single Family
10,405
Multi-Family
5,096
Businesses
1,256
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