203 Waverly Way, Lagrange, GA, 30240 | $581/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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203 Waverly Way, Lagrange, GA, 30240 | $581/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lagrange at 203 Waverly Way, Lagrange, GA, 30240 priced at $298,000 pairs $2,395/mo rent with $581/mo cash flow after a $1,459/mo payment. Total monthly income equals $2,395/mo, and annual cash flow comes to $6,971/yr on $98,787 invested. Return on cash invested is 26.97% in year one, and rental yield stands at 9.64% on a $298,000 basis. Equity gained on principal adds $1,923/yr, and 5% annual appreciation accumulates to $82,332 by year five. Five-year ROI measures 140.54% and total cumulative return in cash reaches $138,836. For financing, Ziffy Mortgage’s DSCR program evaluates $2,395/mo property income against a $1,459/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1952

0.39 Acres lot

$N/A/sqft

No HOA

More details about the property

Just steps from the Thread, this move-in-ready home combines modern updates with a prime location-don't miss this opportunity! Located in the desirable LHS school zone, and minutes from LaGrange College, this spacious 3-bedroom, 2-bath home offers 2,333 square feet of comfortable living space. Features bonus/den area that can be utilized as a 4th bedroom. Spacious rooms with crown moulding and a beautiful gas log fireplace located in the large living room. 9' ceilings throughout. Recently updated bathrooms with tile floors. Generous dining room with plenty of room for seating. The recently renovated kitchen features granite countertops, updated cabinetry, and new stainless-steel appliances, including a French door refrigerator, gas stove/oven, and stackable front-load washer and dryer - with all appliances to remain. Enjoy beautiful hardwoods, recently upgraded LVP, and tile flooring throughout. The fenced yard provides the perfect area for pets or outdoor entertaining.

Neighborhood Data

Neighborhood data shown for ZIP Code: 30240, Lagrange, GA area.

Housing Distribution

Housing Statistics

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