402 Summer PlNorcrossGA30071
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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 Norcross at 402 Summer Pl, Norcross, GA, 30071 generates $2,350/mo in rent and, after a $1,248/mo payment, leaves $335/mo in cash flow. Total monthly income is $2,350/mo, and annual cash flow is $4,024/yr on $84,533 invested. Return on cash invested sits at 24.67% in year one, and rental yield is 11.06% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 130.64% and total cumulative return in cash sums $110,432. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,350/mo property income rather than buyer’s personal income.
Townhouse
Built in 2005
435.60 sqft lot
$N/A/sqft
$378 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30071, Norcross, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,846 (100%) |
| Owner Occupied HU | 4,559 (46.3%) |
| Renter Occupied HU | 4,802 (48.8%) |
| Vacant Housing Units | 485 ( 4.9%) |
| Median Home Value | $437,040 |
| Average Home Value | $501,042 |
Housing Distribution
Address Breakdown
Residential
8,841
Single Family
7,992
Multi-Family
849
Businesses
2,368
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Listed by: Dawn Armstrong • Chapman Hall Realtors Atlanta North
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7614135
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