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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Alpharetta at 3045 Steeplechase, Alpharetta, GA, 30004 priced at $315,000 converts $2,220/mo rent into after a $1,542/mo obligation. Total monthly income equals $2,220/mo. Return on cash invested prints 18.79% in year one, and rental yield reads 8.46% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 98.39% and total cumulative return in cash sums $102,737. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,220/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Condo
Built in 1985
1,210 sqft lot
$N/A/sqft
$400 monthly HOA
Neighborhood data shown for ZIP Code: 30004, Alpharetta, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,351 (100%) |
| Owner Occupied HU | 19,123 (75.4%) |
| Renter Occupied HU | 5,457 (21.5%) |
| Vacant Housing Units | 771 ( 3.0%) |
| Median Home Value | $673,900 |
| Average Home Value | $736,428 |
Residential
25,191
Single Family
20,858
Multi-Family
4,333
Businesses
2,003
Date | Event | Price |
|---|---|---|
| 2025-04-26 | Listed for sale | $315,000 |
| 2022-05-25 | Listing removed | N/A |
| 2022-05-13 | Listed for rent | $2,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-28 | $1816.91 | -15.23% | $81,840 | N/A |
| 2023-04-28 | $2143.39 | -0.46% | $81,840 | N/A |
| 2022-04-28 | $2153.21 | 29.68% | $81,840 | 33.73% |
Listed by: Luiza Nesher • Virtual Properties Realty. Biz
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7568420
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