50 Biscayne Dr NW UNIT 3117AtlantaGA30309
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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 Atlanta at 50 Biscayne Dr NW UNIT 3117, Atlanta, GA, 30309 uses $93,715 cash to close to unlock $5,075/yr annual cash flow and $423/mo monthly cash flow. Total monthly income runs $2,194/mo, and a $1,384/mo payment keeps the spread at $423/mo. Purchase price stands at $282,700, and rental yield measures 9.31% with $2,194/mo rent. Return on cash invested shows 25.32% in year one, and 5% annual appreciation builds toward $78,105 over five years. Five-year ROI reaches 131.98% and total cumulative return in cash records $123,688. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,194/mo property income covering a $1,384/mo payment rather than investor’s personal income.
Condo
Built in 2002
980 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30309, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,321 (100%) |
| Owner Occupied HU | 8,399 (31.9%) |
| Renter Occupied HU | 13,608 (51.7%) |
| Vacant Housing Units | 4,314 (16.4%) |
| Median Home Value | $602,425 |
| Average Home Value | $774,843 |
Housing Distribution
Address Breakdown
Residential
23,827
Single Family
7,255
Multi-Family
16,572
Businesses
1,669
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