362 Olmstead WayAlpharettaGA30002
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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 Alpharetta at 362 Olmstead Way, Alpharetta, GA, 30002 priced at $768,500 converts $2,400/mo rent into after a $3,761/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 9.25% in year one, and rental yield reads 3.75% against a $768,500 entry. Equity gained on principal adds $4,959/yr, while 5% annual appreciation compiles into $212,322 by year five. Five-year ROI reaches 45.55% and total cumulative return in cash sums $115,158. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $3,761/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30002, Avondale Estates, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,715 (100%) |
| Owner Occupied HU | 1,629 (60.0%) |
| Renter Occupied HU | 945 (34.8%) |
| Vacant Housing Units | 141 ( 5.2%) |
| Median Home Value | $549,705 |
| Average Home Value | $560,537 |
Housing Distribution
Address Breakdown
Residential
2,921
Single Family
2,805
Multi-Family
116
Businesses
273
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Listed by: Dusty Talbert • The Providence Group Sales Office
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N130000000389
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 Nexus MLS. All rights are reserved.