63 Mangum St SW UNIT 3AtlantaGA30313
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderAt $315,000, 63 Mangum St SW UNIT 3, Atlanta, GA, 30313 in Atlanta generates $1,931/mo in rent (7.36% yield) but nets only $14/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.36) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $87,029. Total projected return: $105,430.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 4.8% |
| Monthly Cash Flow | $14 | $1,850 |
City averages based on Atlanta market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,931 |
| Total Monthly Debt Service | $2,039 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1997
740.52 sqft lot
$N/A/sqft
$2,968 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30313, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,535 (100%) |
| Owner Occupied HU | 831 (23.5%) |
| Renter Occupied HU | 2,261 (64.0%) |
| Vacant Housing Units | 443 (12.5%) |
| Median Home Value | $464,433 |
| Average Home Value | $515,320 |
Housing Distribution
Address Breakdown
Residential
3,606
Single Family
1,307
Multi-Family
2,299
Businesses
214
Nearby investment properties with comparable rents
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
Condo
Built in 1997
740.52 sqft lot
$N/A/sqft
$2,968 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30313, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,535 (100%) |
| Owner Occupied HU | 831 (23.5%) |
| Renter Occupied HU | 2,261 (64.0%) |
| Vacant Housing Units | 443 (12.5%) |
| Median Home Value | $464,433 |
| Average Home Value | $515,320 |
Housing Distribution
Address Breakdown
Residential
3,606
Single Family
1,307
Multi-Family
2,299
Businesses
214
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lucas Carter • Coldwell Banker Realty
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7606160
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