402 Meriwether StGriffinGA30224
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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
Investment property for sale in Griffin at 402 Meriwether St, Griffin, GA, 30224 at $465,000 posts ROI 20.9% with $128/mo cash flow from $2,958/mo rent. Total monthly income equals $2,958/mo, and annual cash flow records $1,534/yr on $154,148 to close. Return on cash invested measures 20.9% and rental yield reads 7.63% at the current $465,000. Equity gained on principal adds $3,001/yr, and 5% annual appreciation supports $128,471 by year five. Five-year ROI prints 108.04% and total cumulative return in cash totals $166,547.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,958/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30224, Griffin, GA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,963
Single Family
10,729
Multi-Family
234
Businesses
1,153
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