485 Meigs StAthensGA30601
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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 Athens at 485 Meigs St, Athens, GA, 30601 earns from $1,763/mo rent with a $2,937/mo payment. Total monthly income totals $1,763/mo. ROI tracks 8.58% on current figures, and rental yield reads 3.53% at a $600,000 purchase. Equity gained on principal adds $3,872/yr, and 5% annual appreciation supports $165,769 over five years. Five-year ROI reaches 41.9% and total cumulative return in cash sums $82,716. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,763/mo property income instead of your personal income.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30601, Athens, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,003 (100%) |
| Owner Occupied HU | 3,353 (27.9%) |
| Renter Occupied HU | 7,391 (61.6%) |
| Vacant Housing Units | 1,259 (10.5%) |
| Median Home Value | $224,711 |
| Average Home Value | $283,517 |
Housing Distribution
Address Breakdown
Residential
10,679
Single Family
7,458
Multi-Family
3,221
Businesses
984
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Listed by: Bob Allen • Greater Athens Properties
Mls Name: Classic MLS
Mls Provider:
Mls ID: #1025999
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.