915 Riggs Store RdMeigsGA31765
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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 Meigs at 915 Riggs Store Rd, Meigs, GA, 31765 priced at $309,000 converts $0/mo rent into after a $1,512/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.12% in year one, and rental yield reads 0% against a $309,000 entry. Equity gained on principal adds $1,994/yr, while 5% annual appreciation compiles into $85,371 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,512/mo payment, not borrower’s personal income.
Single Family
Built in 1976
10 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
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Katrina Phillips • Legacy Real Estate Associates LLC
Mls Name: SWGMLS
Mls ID: #163571
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.