6122 Bay Village Dr APT 204AthensAL35611
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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 Athens at 6122 Bay Village Dr APT 204, Athens, AL, 35611 offers a 9.22% rental yield on a $278,000 purchase with $2,136/mo rent. Total monthly income registers $2,136/mo, and a $1,361/mo payment leaves $237/mo available for distribution. Annual cash flow reaches $2,838/yr on $92,157 to close, and return on cash invested stands at 22.99% in year one. Equity gained on principal adds $1,794/yr while 5% annual appreciation supports $76,806 over five years. Portfolio math shows five-year ROI at 120.22% and total cumulative return in cash at $110,789. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,136/mo property income against a $1,361/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2007
4,356 sqft lot
$N/A/sqft
$330 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
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Listed by: Jerry Dean • EXIT River City Realty
Mls Name: Strategic MLS Alliance
Mls ID: #523324
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.