5590 Bay Village Dr APT 208AthensAL35611
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
Investment Highlights
Rental property for sale in Athens at 5590 Bay Village Dr APT 208, Athens, AL, 35611 generates $2,008/mo in rent, after a $1,727/mo payment. Total monthly income is $2,008/mo. Return on cash invested sits at 16.07% in year one, and rental yield is 6.83% on a $352,800 entry. Equity gained on principal adds $2,277/yr, while 5% annual appreciation builds toward $97,472 over five years. Five-year ROI reaches 82.98% and total cumulative return in cash sums $97,049. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,008/mo property income rather than buyer’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35611, Athens, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,458 (100%) |
| Owner Occupied HU | 7,619 (56.6%) |
| Renter Occupied HU | 4,425 (32.9%) |
| Vacant Housing Units | 1,414 (10.5%) |
| Median Home Value | $269,539 |
| Average Home Value | $297,129 |
Housing Distribution
Address Breakdown
Residential
12,482
Single Family
11,320
Multi-Family
1,162
Businesses
991
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices