☎︎ (706) 879-1813
Property Overview
List Price $185,000
0
131 Waterford Way Griffin, GA 30223

Description

NO SELLER FINANCING!!! ***Exceptional Investment Opportunity - lease renewal on 03/01/2026, Monthly rent is at $1,600!!! Tenant has never late for the payment. The property offers an annual return of approximately 8.13%. One month Security Deposit paid by tenant.*** - Water heater replaced on 2023 and new roof - A charming 3-bedroom, 2-bathroom and 1,290 sq. ft. single-family that offers the perfect blend of comfort and convenience. This property offers strong rental potential in a quiet, family-friendly community with growing demand from tenants seeking affordability outside of Atlanta. Conveniently located with access to major routes connecting to South Atlanta and McDonough, the home benefits from steady population growth in the Griffin area. Nearby shopping, schools, and daily amenities enhance tenant appeal and retention. With lower entry cost compared to metro Atlanta and solid rent-to-price ratios, this is an excellent opportunity for investors looking for stable cash flow and long-term appreciation in an expanding submarket.

Property Basics

Location Griffin, GA 30223
Property Type Residential Income — Other
Status Active
Year Built 1993
Days on Market 32

Key Features

Cooling Central Air
Heating Central
Pool
Fireplaces

Additional Details

Lot Size 0.13 acres
Total Units 1
Price per Unit $185,000
Cap Rate 8.13%

Financial Overview

Gross Income $19,200
Net Operating Income $15,036
Annual Taxes $3,006

Listing provided by: Yibei Xu, Wepartner Realty, LLC. • 678-878-3885

Information is deemed reliable but not guaranteed. Verify all details independently.

Data last updated: April 23, 2026 at 1:56 PM EDT
IDX Functionality Provided by Jeff Crowe - jeffcrowe@c21theavenues.com