244 13th St NE APT 121AtlantaGA30309
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
Investment Highlights
Rental property for sale in Atlanta at 244 13th St NE APT 121, Atlanta, GA, 30309 generates $1,603/mo in rent and, after a $1,170/mo payment, leaves $148/mo in cash flow. Total monthly income is $1,603/mo, and annual cash flow is $1,778/yr on $79,229 invested. Return on cash invested sits at 22.15% in year one, and rental yield is 8.05% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 114.78% and total cumulative return in cash sums $90,936. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,603/mo property income rather than buyer’s personal income.
Condo
Built in 1985
914.76 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices