640 Glen Iris Dr NE APT 515AtlantaGA30308
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 640 Glen Iris Dr NE APT 515, Atlanta, GA, 30308 in Atlanta is straightforward: $550,000 in, $4,242/mo in rent, $895/mo out after debt service. The 9.26% gross yield and 1.72 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $151,955 by year five. With $5,066/yr in principal equity, the total cumulative return is projected at $265,890.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 4.8% |
| Monthly Cash Flow | $895 | $1,850 |
City averages based on Atlanta market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,242 |
| Total Monthly Debt Service | $3,129 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2002
1,263 sqft lot
$N/A/sqft
No HOA
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 2002
1,263 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rodney Hinote • Ansley Real Estate| Christie's International Real Estate
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7519854
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