413 Spring PlMonroeGA30655
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Monroe at 413 Spring Pl, Monroe, GA, 30655 offers $3,028/mo rent that, after a $2,202/mo payment, leaves $290/mo cash flow. Total monthly income is $3,028/mo, and annual cash flow is $3,478/yr on $149,142 cash. Return on cash invested measures 22.24% in year one, and rental yield stands at 8.08% at a $449,900 entry. Equity gained on principal adds $2,903/yr while 5% annual appreciation compounds into $124,299 by year five. Five-year ROI records 115.21% and total cumulative return in cash reaches $171,826. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,028/mo property income versus a $2,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30655, Monroe, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,019 (100%) |
| Owner Occupied HU | 7,579 (63.1%) |
| Renter Occupied HU | 3,844 (32.0%) |
| Vacant Housing Units | 596 ( 5.0%) |
| Median Home Value | $361,128 |
| Average Home Value | $383,636 |
Housing Distribution
Address Breakdown
Residential
11,277
Single Family
11,126
Multi-Family
151
Businesses
1,077
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices