290 8th St NEAtlantaGA30309
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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
Total monthly income runs $7,344/mo, and a $6,803/mo payment. Purchase price stands at $1,390,000, and rental yield measures 6.34% with $7,344/mo rent. Return on cash invested shows 17.4% in year one, and 5% annual appreciation builds toward $384,031 over five years. Five-year ROI reaches 89.14% and total cumulative return in cash records $401,436. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,344/mo property income covering a $6,803/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
5,227 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
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Listed by: Penny Halkos • BHHS Georgia Properties
Mls Name: GAMLS
Mls Provider:
Mls ID: #10367693
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