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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 229 Larcom Ln, Griffin, GA, 30224 earns $419/mo cash flow from $2,063/mo rent with a $1,322/mo payment. Total monthly income totals $2,063/mo, and annual cash flow totals $5,031/yr on $89,505 capital. ROI tracks 25.53% on current figures, and rental yield reads 9.17% at a $270,000 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 over five years. Five-year ROI reaches 132.88% and total cumulative return in cash sums $118,933. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,063/mo property income instead of your personal income.
Single Family
Built in 1988
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30224, Griffin, GA area.
| 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 |
Residential
10,963
Single Family
10,729
Multi-Family
234
Businesses
1,153
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $270,000 |
| 2007-02-16 | Sold | $135,000 |
| 2001-12-03 | Sold | $130,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-15 | $1763.14 | 10.78% | $76,237 | 17.84% |
| 2022-03-15 | $1591.51 | 25.04% | $64,698 | 26.92% |
| 2021-03-15 | $1272.84 | 13.72% | $50,975 | 17.06% |
Listed by: MARK SPAIN • Mark Spain Real Estate
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7539635
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