480 John Wesley Dobbs Ave NE UNIT 612, Atlanta, GA, 30312 | $440/mo Cash Flow

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480 John Wesley Dobbs Ave NE UNIT 612, Atlanta, GA, 30312 | $440/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Atlanta at 480 John Wesley Dobbs Ave NE UNIT 612, Atlanta, GA, 30312 listed at $295,000 pairs $2,236/mo rent with a $1,444/mo payment to leave $440/mo cash flow. Total monthly income runs $2,236/mo, and annual cash flow reaches $5,286/yr on $97,793 cash to close. Return on cash invested measures 25.31% in year one, and rental yield registers 9.1% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 131.71% and total cumulative return in cash totals $128,798. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,236/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2007

797.15 sqft lot

$N/A/sqft

No HOA

More details about the property

An incredible view of the city in Old Fourth Ward's iconic Tribute Lofts--a fresh take on industrial style without the drawbacks of a historic building conversion. Situated just a few beats from The Beltline, Krog Market, Ponce City Market, plus the two new mixed-use developments coming at Atlanta Wellstar and the Fuqua development on Highland. Soaring 10ft+ ceilings greet you as you walk into this north-facing unit with bright, even light throughout the day. Enjoy the peace and privacy that concrete floors, ceilings, and walls have to offer. This condo boasts an open-concept layout seamlessly connecting the galley kitchen to the living area. The primary bedroom features an en-suite bathroom and a spacious walk-in closet with built-in shelving. The HVAC and water heater have both been recently replaced. Tribute Loft's rooftop amenities are unmatched, featuring a recently-renovated pool that's heated for 6 months of the year, plus a gym, clubhouse, and breathtaking views of Downtown, Midtown, and Buckhead. Your new private patio is a serene retreat and a great place to start your morning. One deeded parking space conveniently located near the elevator in a gated garage. The community is vibrant and active, with regular social events to bring neighbors together. 6 electric car chargers were just installed in the garage that are not advertised to the public. Additional amenities include a dog wash station, bike storage room, ground-level coffee shop, and a rooftop deck complete with a gas grill and ample seating for entertaining. Super fast WiFi in the building with Google Fiber access.

Neighborhood Data

Neighborhood data shown for ZIP Code: 30312, Atlanta, GA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,811 (100%)
Owner Occupied HU	4,639 (27.6%)
Renter Occupied HU	10,841 (64.5%)
Vacant Housing Units	1,331 ( 7.9%)
Median Home Value	$557,747
Average Home Value	$592,268