60 Palmer RdMeigsGA31765
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 Meigs at 60 Palmer Rd, Meigs, GA, 31765 offers $2,088/mo rent that, after a $979/mo payment, leaves $773/mo cash flow. Total monthly income is $2,088/mo, and annual cash flow is $9,273/yr on $66,313 cash. Return on cash invested measures 33.89% in year one, and rental yield stands at 12.53% at a $200,039 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,267 by year five. Five-year ROI records 178.35% and total cumulative return in cash reaches $118,268. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,088/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1901
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31765, Meigs, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,149 (100%) |
| Owner Occupied HU | 755 (65.7%) |
| Renter Occupied HU | 275 (23.9%) |
| Vacant Housing Units | 119 (10.4%) |
| Median Home Value | $168,945 |
| Average Home Value | $235,331 |
Housing Distribution
Address Breakdown
Residential
770
Single Family
770
Multi-Family
0
Businesses
41
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