2865 Lenox Rd NE APT 503AtlantaGA30324
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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 2865 Lenox Rd NE APT 503, Atlanta, GA, 30324 uses $124,313 cash to close to unlock $3,925/yr annual cash flow and $327/mo monthly cash flow. Total monthly income runs $2,609/mo, and a $1,835/mo payment keeps the spread at $327/mo. Purchase price stands at $375,000, and rental yield measures 8.35% with $2,609/mo rent. Return on cash invested shows 23.07% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 119.67% and total cumulative return in cash records $148,767. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,609/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 2002
1,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30324, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,303 (100%) |
| Owner Occupied HU | 6,353 (32.9%) |
| Renter Occupied HU | 11,191 (58.0%) |
| Vacant Housing Units | 1,759 ( 9.1%) |
| Median Home Value | $643,002 |
| Average Home Value | $730,921 |
Housing Distribution
Address Breakdown
Residential
18,709
Single Family
7,335
Multi-Family
11,374
Businesses
1,379
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