401 Patterson StLagrangeGA30241
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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
Rental property for sale in Lagrange at 401 Patterson St, Lagrange, GA, 30241 offers $1,771/mo rent that, after a $554/mo payment, leaves $1,057/mo cash flow. Total monthly income is $1,771/mo, and annual cash flow is $12,689/yr on $37,542 cash. Return on cash invested measures 53.71% in year one, and rental yield stands at 18.77% at a $113,250 entry. Equity gained on principal adds $731/yr while 5% annual appreciation compounds into $31,289 by year five. Five-year ROI records 284.32% and total cumulative return in cash reaches $106,740. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,771/mo property income versus a $554/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30241, Lagrange, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,251 (100%) |
| Owner Occupied HU | 5,316 (47.2%) |
| Renter Occupied HU | 5,028 (44.7%) |
| Vacant Housing Units | 907 ( 8.1%) |
| Median Home Value | $238,277 |
| Average Home Value | $253,523 |
Housing Distribution
Address Breakdown
Residential
10,293
Single Family
9,521
Multi-Family
772
Businesses
1,133
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