501 Carlton Rd UNIT 3BPalmettoGA30268
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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 Palmetto at 501 Carlton Rd UNIT 3B, Palmetto, GA, 30268 uses $39,449 cash to close to unlock $2,738/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $952/mo, and a $582/mo payment keeps the spread at $228/mo. Purchase price stands at $119,000, and rental yield measures 9.6% with $952/mo rent. Return on cash invested shows 26.85% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 140% and total cumulative return in cash records $55,229. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $952/mo property income covering a $582/mo payment rather than investor’s personal income.
Condo
Built in 1975
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30268, Palmetto, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,877 (100%) |
| Owner Occupied HU | 3,219 (66.0%) |
| Renter Occupied HU | 1,144 (23.5%) |
| Vacant Housing Units | 514 (10.5%) |
| Median Home Value | $306,511 |
| Average Home Value | $434,021 |
Housing Distribution
Address Breakdown
Residential
4,608
Single Family
3,796
Multi-Family
812
Businesses
401
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