346 Carpenter Dr APT 16AtlantaGA30328
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 346 Carpenter Dr APT 16, Atlanta, GA, 30328 in Atlanta: $2,471/mo in rent, $578/mo net, 11.58% gross yield, all on a $256,000 acquisition. The 2.15 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $70,728 in value, and $2,358/yr in principal paydown steadily builds equity. Projected total cumulative return: $135,616.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 4.8% |
| Monthly Cash Flow | $578 | $1,850 |
City averages based on Atlanta market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,471 |
| Total Monthly Debt Service | $1,791 |
| DSCR Ratio | 1.38x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1967
1,176 sqft lot
$N/A/sqft
$335 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1967
1,176 sqft lot
$N/A/sqft
$335 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shani Vardy • Method Real Estate Advisors
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7480177
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