509 S Lewis StLagrangeGA30240
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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 509 S Lewis St, Lagrange, GA, 30240 offers $1,500/mo rent that, after a $978/mo payment, leaves $284/mo cash flow. Total monthly income is $1,500/mo, and annual cash flow is $3,405/yr on $66,267 cash. Return on cash invested measures 25.05% in year one, and rental yield stands at 9% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 130.26% and total cumulative return in cash reaches $86,317. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30240, Lagrange, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,883 (100%) |
| Owner Occupied HU | 7,086 (55.0%) |
| Renter Occupied HU | 4,593 (35.7%) |
| Vacant Housing Units | 1,204 ( 9.3%) |
| Median Home Value | $288,373 |
| Average Home Value | $340,239 |
Housing Distribution
Address Breakdown
Residential
12,356
Single Family
11,092
Multi-Family
1,264
Businesses
1,054
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