997 S Milledge Ave Avenue #1AthensGA30605
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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
Investment property for sale in Athens at 997 S Milledge Ave Avenue #1, Athens, GA, 30605 offers a 2.47% rental yield on a $709,900 purchase with $1,464/mo rent. 38% in year one. Equity gained on principal adds $4,581/yr while 5% annual appreciation supports $196,132 over five years. Portfolio math shows five-year ROI at 24.78% and total cumulative return in cash at $57,880. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,464/mo property income against a $3,475/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30605, Athens, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,640 (100%) |
| Owner Occupied HU | 6,560 (33.4%) |
| Renter Occupied HU | 11,686 (59.5%) |
| Vacant Housing Units | 1,394 ( 7.1%) |
| Median Home Value | $302,730 |
| Average Home Value | $339,131 |
Housing Distribution
Address Breakdown
Residential
18,751
Single Family
14,372
Multi-Family
4,379
Businesses
789
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