60 Palmer RdMeigsGA31765
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 60 Palmer Rd, Meigs, GA, 31765 in Meigs: $2,088/mo in rent, $233/mo in net income, 8.35% gross yield, 2.32 DSCR, all at $200,039. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $55,267 in appreciation and $1,842/yr in principal paydown projects total cumulative return of $125,892.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 8.0% |
| Monthly Cash Flow | $233 | $1,200 |
City averages based on Meigs market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,088 |
| Total Monthly Debt Service | $1,236 |
| DSCR Ratio | 1.69x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices