INVESTMENT HIGHLIGHTS 

• Opportunity to Push Rents to Market:

  Competing properties achieve rents that exceed the subject’s market rents by more than $250.

• Attractive Rent-to-Income Ratio:

  Current in-place rents ($1,564) account for only 10.06% of monthly average household income (AHI) within a one-mile radius. AHI exceeds $186,000 within one mile.

• Discount to Homeownership:

  The estimated monthly mortgage payment, taxes, and insurance ($5,312) for the average home in the area significantly exceed the subject’s market rent ($1,564). With mortgage rates remaining elevated, renting continues to be an attractive option for many residents in the submarket.

• Robust Renter Demographics:

  The market benefits from an average household income of $182,608 and an average home value of $809,942. Within a three-mile radius, 87% of the population is employed in white collar positions, and 73% hold a bachelor’s degree or higher.

• Well-Located Asset:

  The property is ideally situated within a short drive of Downtown Decatur, providing convenient access to a range of local amenities. It is also a five-minute drive from the Clifton Corridor, offering efficient connectivity to key employment centers.

Location