988 Herndon St NWAtlantaGA30318
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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 Atlanta at 988 Herndon St NW, Atlanta, GA, 30318 priced at $275,300 converts $2,482/mo rent into $622/mo cash flow after a $1,347/mo obligation. Total monthly income equals $2,482/mo, and annual cash flow totals $7,459/yr on $91,262 invested. Return on cash invested prints 28.08% in year one, and rental yield reads 10.82% against a $275,300 entry. Equity gained on principal adds $1,776/yr, while 5% annual appreciation compiles into $76,060 by year five. Five-year ROI reaches 147.44% and total cumulative return in cash sums $134,553. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,482/mo property income covering a $1,347/mo payment, not borrower’s personal income.
Single Family
Built in 1930
5,741 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30318, Atlanta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 36,313 (100%) |
| Owner Occupied HU | 11,691 (32.2%) |
| Renter Occupied HU | 19,596 (54.0%) |
| Vacant Housing Units | 5,026 (13.8%) |
| Median Home Value | $455,507 |
| Average Home Value | $528,757 |
Housing Distribution
Address Breakdown
Residential
33,173
Single Family
22,672
Multi-Family
10,501
Businesses
2,478
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