5565 Trace Views DrNorcrossGA30071
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.31% yield at 5565 Trace Views Dr, Norcross, GA, 30071 in Norcross is solid, but the $1,880/mo payment compresses net cash flow to $112/mo at $418,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $115,486 by year five, and $3,850/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.54) without U.S. income documentation. Total projected return: $166,528.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.5% |
| Monthly Cash Flow | $112 | $300 |
City averages based on Norcross market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,896 |
| Total Monthly Debt Service | $2,618 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2002
1,742 sqft lot
$N/A/sqft
$2,880 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30071, Norcross, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,846 (100%) |
| Owner Occupied HU | 4,559 (46.3%) |
| Renter Occupied HU | 4,802 (48.8%) |
| Vacant Housing Units | 485 ( 4.9%) |
| Median Home Value | $437,040 |
| Average Home Value | $501,042 |
Housing Distribution
Address Breakdown
Residential
8,841
Single Family
7,992
Multi-Family
849
Businesses
2,368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Townhouse
Built in 2002
1,742 sqft lot
$N/A/sqft
$2,880 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30071, Norcross, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,846 (100%) |
| Owner Occupied HU | 4,559 (46.3%) |
| Renter Occupied HU | 4,802 (48.8%) |
| Vacant Housing Units | 485 ( 4.9%) |
| Median Home Value | $437,040 |
| Average Home Value | $501,042 |
Housing Distribution
Address Breakdown
Residential
8,841
Single Family
7,992
Multi-Family
849
Businesses
2,368
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices