1850 Carrington DrGriffinGA30224
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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 Griffin at 1850 Carrington Dr, Griffin, GA, 30224 uses $48,731 cash to close to unlock $6,190/yr annual cash flow and $516/mo monthly cash flow. Total monthly income runs $1,410/mo, and a $719/mo payment keeps the spread at $516/mo. Purchase price stands at $147,000, and rental yield measures 11.51% with $1,410/mo rent. Return on cash invested shows 32.61% in year one, and 5% annual appreciation builds toward $40,613 over five years. Five-year ROI reaches 170.8% and total cumulative return in cash records $83,232. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,410/mo property income covering a $719/mo payment rather than investor’s personal income.
Townhouse
Built in 2003
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30224, Griffin, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,352 (100%) |
| Owner Occupied HU | 7,220 (63.6%) |
| Renter Occupied HU | 3,527 (31.1%) |
| Vacant Housing Units | 605 ( 5.3%) |
| Median Home Value | $249,655 |
| Average Home Value | $273,064 |
Housing Distribution
Address Breakdown
Residential
10,963
Single Family
10,729
Multi-Family
234
Businesses
1,153
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