280 High Ridge DrAthensGA30606
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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 Athens at 280 High Ridge Dr, Athens, GA, 30606 priced at $569,000 converts $2,895/mo rent into after a $2,785/mo obligation. Total monthly income equals $2,895/mo. Return on cash invested prints 16.37% in year one, and rental yield reads 6.11% against a $569,000 entry. Equity gained on principal adds $3,672/yr, while 5% annual appreciation compiles into $157,204 by year five. Five-year ROI reaches 83.69% and total cumulative return in cash sums $156,671. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,895/mo property income covering a $2,785/mo payment, not borrower’s personal income.
Single Family
Built in 1985
0.89 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30606, Athens, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,996 (100%) |
| Owner Occupied HU | 10,120 (44.0%) |
| Renter Occupied HU | 11,389 (49.5%) |
| Vacant Housing Units | 1,487 ( 6.5%) |
| Median Home Value | $359,212 |
| Average Home Value | $448,667 |
Housing Distribution
Address Breakdown
Residential
21,910
Single Family
16,323
Multi-Family
5,587
Businesses
1,560
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Listed by: Carmen DiBiase • Keller Williams Greater Athens
Mls Name: Classic MLS
Mls Provider:
Mls ID: #1024697
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.