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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Griffin at 722 E Broad St, Griffin, GA, 30223 generates $2,443/mo in rent and, after a $783/mo payment, leaves $1,469/mo in cash flow. Total monthly income is $2,443/mo, and annual cash flow is $17,633/yr on $53,007 invested. Return on cash invested sits at 53.18% in year one, and rental yield is 18.33% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 281.16% and total cumulative return in cash sums $149,034. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,443/mo property income rather than buyer’s personal income.
Multi Family
Built in 1930
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30223, Griffin, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,006 (100%) |
| Owner Occupied HU | 9,722 (57.2%) |
| Renter Occupied HU | 5,971 (35.1%) |
| Vacant Housing Units | 1,313 ( 7.7%) |
| Median Home Value | $235,994 |
| Average Home Value | $262,475 |
Residential
16,213
Single Family
15,572
Multi-Family
641
Businesses
1,075
Date | Event | Price |
|---|---|---|
| 2024-08-20 | Pending sale | $159,900 |
| 2024-06-27 | Listed for sale | $159,900 |
| 2019-07-19 | Sold | $17,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | $1039.38 | 110.02% | $26,938 | 117.52% |
| 2022-09-15 | $494.90 | 26.64% | $12,384 | 26.64% |
| 2021-09-15 | $390.79 | -1.80% | $9,779 | N/A |
Listed by: Tommy Allen Jr. • NextHome MainStreet
Mls Name: GAMLS
Mls Provider:
Mls ID: #10327873
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
