609 Spring StHapevilleGA30354
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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 Hapeville at 609 Spring St, Hapeville, GA, 30354 offers $1,853/mo rent that, after a $1,419/mo payment, leaves $88/mo cash flow. Total monthly income is $1,853/mo, and annual cash flow is $1,061/yr on $96,135 cash. Return on cash invested measures 21.01% in year one, and rental yield stands at 7.67% at a $290,000 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,122 by year five. Five-year ROI records 108.64% and total cumulative return in cash reaches $104,440. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,853/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
10,297 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30354, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,007 (100%) |
| Owner Occupied HU | 2,702 (33.7%) |
| Renter Occupied HU | 4,413 (55.1%) |
| Vacant Housing Units | 892 (11.1%) |
| Median Home Value | $238,776 |
| Average Home Value | $283,440 |
Housing Distribution
Address Breakdown
Residential
7,229
Single Family
6,069
Multi-Family
1,160
Businesses
855
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Nearby investment properties with comparable prices
Listed by: Alexis Lee • Keller Williams North Atlanta
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7555933
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