345 E Richard Way EAthensGA30605
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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 345 E Richard Way E, Athens, GA, 30605 priced at $385,000 pairs $2,498/mo rent with $155/mo cash flow after a $1,884/mo payment. Total monthly income equals $2,498/mo, and annual cash flow comes to $1,863/yr on $127,628 invested. Return on cash invested is 21.37% in year one, and rental yield stands at 7.79% on a $385,000 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,368 by year five. Five-year ROI measures 110.56% and total cumulative return in cash reaches $141,106. For financing, Ziffy Mortgage’s DSCR program evaluates $2,498/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30605, Athens, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,640 (100%) |
| Owner Occupied HU | 6,560 (33.4%) |
| Renter Occupied HU | 11,686 (59.5%) |
| Vacant Housing Units | 1,394 ( 7.1%) |
| Median Home Value | $302,730 |
| Average Home Value | $339,131 |
Housing Distribution
Address Breakdown
Residential
18,751
Single Family
14,372
Multi-Family
4,379
Businesses
789
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