242 12th St NE APT 14AtlantaGA30309
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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 Atlanta at 242 12th St NE APT 14, Atlanta, GA, 30309 uses $51,383 cash to close to unlock $39/yr annual cash flow and $3/mo monthly cash flow. Total monthly income runs $1,347/mo, and a $759/mo payment keeps the spread at $3/mo. Purchase price stands at $155,000, and rental yield measures 10.43% with $1,347/mo rent. Return on cash invested shows 19.99% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 106.57% and total cumulative return in cash records $54,760. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,347/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in 1923
392.04 sqft lot
$N/A/sqft
$400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30309, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,321 (100%) |
| Owner Occupied HU | 8,399 (31.9%) |
| Renter Occupied HU | 13,608 (51.7%) |
| Vacant Housing Units | 4,314 (16.4%) |
| Median Home Value | $602,425 |
| Average Home Value | $774,843 |
Housing Distribution
Address Breakdown
Residential
23,827
Single Family
7,255
Multi-Family
16,572
Businesses
1,669
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Listed by: The Wollner Group • Harry Norman Realtors
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7580768
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