490 Barnett Shoals Road #406AthensGA30605
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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 490 Barnett Shoals Road #406, Athens, GA, 30605 uses $102,599 cash to close to unlock $4,898/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $2,292/mo, and a $1,515/mo payment keeps the spread at $408/mo. Purchase price stands at $309,500, and rental yield measures 8.89% with $2,292/mo rent. Return on cash invested shows 24.68% in year one, and 5% annual appreciation builds toward $85,509 over five years. Five-year ROI reaches 128.33% and total cumulative return in cash records $131,670. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,292/mo property income covering a $1,515/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30605, Athens, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,640 (100%) |
| Owner Occupied HU | 6,560 (33.4%) |
| Renter Occupied HU | 11,686 (59.5%) |
| Vacant Housing Units | 1,394 ( 7.1%) |
| Median Home Value | $302,730 |
| Average Home Value | $339,131 |
Housing Distribution
Address Breakdown
Residential
18,751
Single Family
14,372
Multi-Family
4,379
Businesses
789
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