2621 Bailey DrNorcrossGA30071
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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
Rental property for sale in Norcross at 2621 Bailey Dr, Norcross, GA, 30071 generates $2,261/mo in rent and, after a $1,615/mo payment, leaves $253/mo in cash flow. Total monthly income is $2,261/mo, and annual cash flow is $3,033/yr on $109,393 invested. Return on cash invested sits at 22.68% in year one, and rental yield is 8.22% on a $329,995 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,172 over five years. Five-year ROI reaches 117.58% and total cumulative return in cash sums $128,625. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,261/mo property income rather than buyer’s personal income.
Multi Family
Built in 1971
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30071, Norcross, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,846 (100%) |
| Owner Occupied HU | 4,559 (46.3%) |
| Renter Occupied HU | 4,802 (48.8%) |
| Vacant Housing Units | 485 ( 4.9%) |
| Median Home Value | $437,040 |
| Average Home Value | $501,042 |
Housing Distribution
Address Breakdown
Residential
8,841
Single Family
7,992
Multi-Family
849
Businesses
2,368
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