6122 Bay Village Dr APT 209AthensAL35611
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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
Investment property for sale in Athens at 6122 Bay Village Dr APT 209, Athens, AL, 35611 offers a 8.67% rental yield on a $289,900 purchase with $2,094/mo rent. Total monthly income registers $2,094/mo, and a $1,419/mo payment leaves $153/mo available for distribution. Annual cash flow reaches $1,831/yr on $96,102 to close, and return on cash invested stands at 21.81% in year one. Equity gained on principal adds $1,871/yr while 5% annual appreciation supports $80,094 over five years. Portfolio math shows five-year ROI at 113.74% and total cumulative return in cash at $109,305. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,094/mo property income against a $1,419/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
$305 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: Shannon Elliott • Engel & Volkers Limestone
Mls Name: ValleyMLS
Mls Provider:
Mls ID: #21884072
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