187 Alcovy CtGriffinGA30223
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 187 Alcovy Ct, Griffin, GA, 30223 in Griffin. At $321,870 it earns $2,479/mo in rent and distributes $255/mo to the owner after the $1,447/mo payment, a consistent 9.24% yield. DSCR 1.71 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $88,927 in value; $2,964/yr in principal paydown compounds ownership stake. Total projected return: $139,534.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.0% |
| Monthly Cash Flow | $255 | $150 |
City averages based on Griffin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,479 |
| Total Monthly Debt Service | $2,096 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
5,662 sqft lot
$N/A/sqft
$265 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30223, Griffin, GA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
16,213
Single Family
15,572
Multi-Family
641
Businesses
1,075
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2026
5,662 sqft lot
$N/A/sqft
$265 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30223, Griffin, GA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
16,213
Single Family
15,572
Multi-Family
641
Businesses
1,075
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jaymie Dimbath • Pulte Realty of Georgia, Inc.
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7701940
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