561 Formwalt St SW UNIT 5AtlantaGA30312
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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
Rental property for sale in Atlanta at 561 Formwalt St SW UNIT 5, Atlanta, GA, 30312 priced at $117,500 pairs $906/mo rent with $191/mo cash flow after a $575/mo payment. Total monthly income equals $906/mo, and annual cash flow comes to $2,292/yr on $38,951 invested. Return on cash invested is 25.79% in year one, and rental yield stands at 9.25% on a $117,500 basis. Equity gained on principal adds $758/yr, and 5% annual appreciation accumulates to $32,463 by year five. Five-year ROI measures 134.27% and total cumulative return in cash reaches $52,298. For financing, Ziffy Mortgage’s DSCR program evaluates $906/mo property income against a $575/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1961
566.28 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30312, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,811 (100%) |
| Owner Occupied HU | 4,639 (27.6%) |
| Renter Occupied HU | 10,841 (64.5%) |
| Vacant Housing Units | 1,331 ( 7.9%) |
| Median Home Value | $557,747 |
| Average Home Value | $592,268 |
Housing Distribution
Address Breakdown
Residential
16,523
Single Family
7,935
Multi-Family
8,588
Businesses
714
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