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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lagrange at 1053 Polk St, Lagrange, GA, 30240 generates $1,804/mo in rent and, after a $881/mo payment, leaves $709/mo in cash flow. Total monthly income is $1,804/mo, and annual cash flow is $8,502/yr on $59,670 invested. Return on cash invested sits at 34.16% in year one, and rental yield is 12.03% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 179.13% and total cumulative return in cash sums $106,889. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,804/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30240, Lagrange, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,883 (100%) |
| Owner Occupied HU | 7,086 (55.0%) |
| Renter Occupied HU | 4,593 (35.7%) |
| Vacant Housing Units | 1,204 ( 9.3%) |
| Median Home Value | $288,373 |
| Average Home Value | $340,239 |
Residential
12,356
Single Family
11,092
Multi-Family
1,264
Businesses
1,054
Date | Event | Price |
|---|---|---|
| 2025-07-09 | Sold | $180,000 |
| 2025-06-09 | Pending sale | $179,900 |
| 2025-05-20 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-03 | $1436.74 | 7.25% | $52,680 | 7.25% |
| 2023-11-03 | $1339.65 | 3.80% | $49,120 | 6.23% |
| 2022-11-03 | $1290.55 | 15.03% | $46,240 | 24.30% |
Listed by: MEHBS OMAR • Drake Realty of Greater Atlanta
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7583008
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