6122 Bay Village Dr APT 205AthensAL35611
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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
Total monthly income runs $2,029/mo, and a $1,615/mo payment. Purchase price stands at $329,900, and rental yield measures 7.38% with $2,029/mo rent. Return on cash invested shows 18.23% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 94.39% and total cumulative return in cash records $103,227. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,029/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$320 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: Darlene Owens • Legend Realty
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21892656
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