3015 Morningside Park CtJohns CreekGA30022
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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 Johns Creek at 3015 Morningside Park Ct, Johns Creek, GA, 30022 uses $112,379 cash to close to unlock $6,108/yr annual cash flow and $509/mo monthly cash flow. Total monthly income runs $2,572/mo, and a $1,659/mo payment keeps the spread at $509/mo. Purchase price stands at $339,000, and rental yield measures 9.1% with $2,572/mo rent. Return on cash invested shows 25.34% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 131.89% and total cumulative return in cash records $148,216. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,572/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Townhouse
Built in 1990
1,502 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30022, Alpharetta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,576 (100%) |
| Owner Occupied HU | 17,937 (73.0%) |
| Renter Occupied HU | 5,872 (23.9%) |
| Vacant Housing Units | 767 ( 3.1%) |
| Median Home Value | $594,874 |
| Average Home Value | $631,899 |
Housing Distribution
Address Breakdown
Residential
24,489
Single Family
20,256
Multi-Family
4,233
Businesses
1,823
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Listed by: Allen A Floyd • Floyd Realty Advisors
Mls Name: FMLS GA
Mls ID: #7645389