408 Glenleaf DrNorcrossGA30092
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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
Investment property for sale in Norcross at 408 Glenleaf Dr, Norcross, GA, 30092 uses $84,533 cash to close to unlock $5,089/yr annual cash flow and $424/mo monthly cash flow. Total monthly income runs $1,976/mo, and a $1,248/mo payment keeps the spread at $424/mo. Purchase price stands at $255,000, and rental yield measures 9.3% with $1,976/mo rent. Return on cash invested shows 25.93% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 135.05% and total cumulative return in cash records $114,164. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,976/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Condo
Built in 1984
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30092, Norcross, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,016 (100%) |
| Owner Occupied HU | 7,828 (48.9%) |
| Renter Occupied HU | 7,389 (46.1%) |
| Vacant Housing Units | 799 ( 5.0%) |
| Median Home Value | $501,998 |
| Average Home Value | $540,934 |
Housing Distribution
Address Breakdown
Residential
15,207
Single Family
9,412
Multi-Family
5,795
Businesses
1,623
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