515 Meredith CtMonroeGA30655
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 515 Meredith Ct, Monroe, GA, 30655 in Monroe hard to pass up. The 11.48% gross yield on a $675,000 purchase results in $6,457/mo in rent and $2,334/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.13). Annual cash flow of $28,013, five-year appreciation of $186,490, and $6,217/yr in equity build-up combine for a projected total cumulative return of $405,984.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 7.0% |
| Monthly Cash Flow | $2,334 | $300 |
City averages based on Monroe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,457 |
| Total Monthly Debt Service | $3,854 |
| DSCR Ratio | 1.68x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2000
1.25 Acres lot
$N/A/sqft
$175 annually 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
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
Single Family
Built in 2000
1.25 Acres lot
$N/A/sqft
$175 annually 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