261 Main St, Franklin, GA, 30217 | $406/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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261 Main St, Franklin, GA, 30217 | $406/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

Investment property for sale in Franklin at 261 Main St, Franklin, GA, 30217 with 5% annual appreciation on a $329,800 basis while $2,413/mo rent supports operations. Total monthly income totals $2,413/mo and a $1,614/mo payment preserves $406/mo for cash returns. Annual cash flow comes to $4,872/yr on $109,329 deployed, and return on cash invested reaches 24.37% in year one. Equity gained on principal adds $2,128/yr, and five-year appreciation sums $91,118 alongside rental yield of 8.78%. Five-year ROI measures 126.58% and total cumulative return in cash totals $138,392.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,413/mo property income versus a $1,614/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1920

0.47 Acres lot

$N/A/sqft

No HOA

More details about the property

A gracious home in the historic district of downtown Franklin. Fully updated and perfectly maintained. This all brick turn of the century home boasts 3 bedrooms and 3 full bathrooms. A newly renovated bath with a doored standup shower. A private bath with large garden tub attached to the primary bedroom, and a central bath with a walk-in jacuzzi tub/ shower combo. The spacious kitchen has new tile countertops, mosaic backsplash and under cabinet lighting. Loads of cupboard space in the kitchen and adjoining laundry room with washer and dryer included. The kitchen includes a refrigerator / freezer, Electric glass top stove with self-cleaning oven, cabinet mounted microwave oven, dishwasher and a built-in television all of which remain. The fully enclosed front porch has sliding glass windows as well as independent air conditioning and two large ceiling fans. A spacious Livingroom complete with fireplace and gas burning logs provides the perfect place to relax and enjoy time with friends and family. Adjacent to the Livingroom is an elegantly appointed formal dining room. The guest bedroom has hidden lighting along the ceiling and fairy lights in the window. Two large storage rooms are on the second floor and could easily be converted to bedrooms. The rear patio extends the entire width of the home and is equipped with two large ceiling fans. Completely covered, the porch has a 3-part system roof and was installed in 2021. The entire residence was re-roofed and brought up to code at the same time. At the rear of the home is a covered garage and above the garage is a fully furnished apartment, equipped with all the necessities to move in and set up housekeeping. A great source of extra income. A large, covered workshop, garden shed and covered canopy.

Neighborhood Data

Neighborhood data shown for ZIP Code: 30217, Franklin, GA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,965 (100%)
Owner Occupied HU	2,565 (64.7%)
Renter Occupied HU	1,000 (25.2%)
Vacant Housing Units	400 (10.1%)
Median Home Value	$200,781
Average Home Value	$233,596