740 E Morningside Dr NEAtlantaGA30324
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow740 E Morningside Dr NE, Atlanta, GA, 30324 in Atlanta earns its strong cash-flow label: 10.31% yield, $14,171/mo rent, $3,837/mo net income, DSCR 1.91. The $1,649,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $455,588 by year five. Combined with $15,187/yr in principal paydown, total projected return reaches $872,713.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 4.8% |
| Monthly Cash Flow | $3,837 | $1,850 |
City averages based on Atlanta market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $14,171 |
| Total Monthly Debt Service | $9,678 |
| DSCR Ratio | 1.46x |
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.
Single Family
Built in 2001
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30324, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,303 (100%) |
| Owner Occupied HU | 6,353 (32.9%) |
| Renter Occupied HU | 11,191 (58.0%) |
| Vacant Housing Units | 1,759 ( 9.1%) |
| Median Home Value | $643,002 |
| Average Home Value | $730,921 |
Housing Distribution
Address Breakdown
Residential
18,709
Single Family
7,335
Multi-Family
11,374
Businesses
1,379
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
Single Family
Built in 2001
9,365 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30324, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,303 (100%) |
| Owner Occupied HU | 6,353 (32.9%) |
| Renter Occupied HU | 11,191 (58.0%) |
| Vacant Housing Units | 1,759 ( 9.1%) |
| Median Home Value | $643,002 |
| Average Home Value | $730,921 |
Housing Distribution
Address Breakdown
Residential
18,709
Single Family
7,335
Multi-Family
11,374
Businesses
1,379
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices