411 Palace StGriffinGA30223
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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 Griffin at 411 Palace St, Griffin, GA, 30223 priced at $199,000 converts $1,446/mo rent into $235/mo cash flow after a $974/mo obligation. Total monthly income equals $1,446/mo, and annual cash flow totals $2,818/yr on $65,969 invested. Return on cash invested prints 24.18% in year one, and rental yield reads 8.72% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 125.61% and total cumulative return in cash sums $82,866. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,446/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30223, Griffin, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,006 (100%) |
| Owner Occupied HU | 9,722 (57.2%) |
| Renter Occupied HU | 5,971 (35.1%) |
| Vacant Housing Units | 1,313 ( 7.7%) |
| Median Home Value | $235,994 |
| Average Home Value | $262,475 |
Housing Distribution
Address Breakdown
Residential
16,213
Single Family
15,572
Multi-Family
641
Businesses
1,075
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