911 Redwood DrNorcrossGA30093
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
Investment Highlights
Rental property for sale in Norcross at 911 Redwood Dr, Norcross, GA, 30093 offers $2,167/mo rent that, after a $1,223/mo payment, leaves $398/mo cash flow. Total monthly income is $2,167/mo, and annual cash flow is $4,780/yr on $82,842 cash. Return on cash invested measures 25.68% in year one, and rental yield stands at 10.41% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 134.99% and total cumulative return in cash reaches $111,830. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,167/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2002
1,306 sqft lot
$N/A/sqft
$150 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30093, Norcross, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,926 (100%) |
| Owner Occupied HU | 6,195 (31.1%) |
| Renter Occupied HU | 12,706 (63.8%) |
| Vacant Housing Units | 1,025 ( 5.1%) |
| Median Home Value | $300,549 |
| Average Home Value | $313,441 |
Housing Distribution
Address Breakdown
Residential
18,606
Single Family
10,264
Multi-Family
8,342
Businesses
1,932
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Listed by: Catherine Norton • HomeSmart
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7538704
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