318 1st StAthensGA30601
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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 318 1st St, Athens, GA, 30601 priced at $187,900 converts $1,391/mo rent into $181/mo cash flow after a $920/mo obligation. Total monthly income equals $1,391/mo, and annual cash flow totals $2,174/yr on $62,289 invested. Return on cash invested prints 23.4% in year one, and rental yield reads 8.88% against a $187,900 entry. Equity gained on principal adds $1,212/yr, while 5% annual appreciation compiles into $51,913 by year five. Five-year ROI reaches 121.95% and total cumulative return in cash sums $75,961. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,391/mo property income covering a $920/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30601, Athens, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,003 (100%) |
| Owner Occupied HU | 3,353 (27.9%) |
| Renter Occupied HU | 7,391 (61.6%) |
| Vacant Housing Units | 1,259 (10.5%) |
| Median Home Value | $224,711 |
| Average Home Value | $283,517 |
Housing Distribution
Address Breakdown
Residential
10,679
Single Family
7,458
Multi-Family
3,221
Businesses
984
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Listed by: Reign Streiter • EXP Realty LLC
Mls Name: Hive MLS
Mls ID: #CM1023527
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.