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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% |
Investment property for sale in Griffin at 1324 Spellman Ave, Griffin, GA, 30223 offers a 8.97% rental yield on a $249,000 purchase with $1,861/mo rent. Total monthly income registers $1,861/mo, and a $1,219/mo payment leaves $345/mo available for distribution. Annual cash flow reaches $4,143/yr on $82,544 to close, and return on cash invested stands at 24.93% in year one. Equity gained on principal adds $1,607/yr while 5% annual appreciation supports $68,794 over five years. Portfolio math shows five-year ROI at 129.67% and total cumulative return in cash at $107,036. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,861/mo property income against a $1,219/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30223, Griffin, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,006 (100%) |
| Owner Occupied HU | 9,722 (57.2%) |
| Renter Occupied HU | 5,971 (35.1%) |
| Vacant Housing Units | 1,313 ( 7.7%) |
| Median Home Value | $235,994 |
| Average Home Value | $262,475 |
Residential
16,213
Single Family
15,572
Multi-Family
641
Businesses
1,075
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Erin O'Hara • Keller Williams Realty Buckhead
Mls Name: GAMLS
Mls ID: #10592470
