1018 E 28th AveCordeleGA31015
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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
Investment property for sale in Cordele at 1018 E 28th Ave, Cordele, GA, 31015 offers a 10.58% rental yield on a $197,500 purchase with $1,741/mo rent. Total monthly income registers $1,741/mo, and a $967/mo payment leaves $539/mo available for distribution. Annual cash flow reaches $6,464/yr on $65,471 to close, and return on cash invested stands at 29.78% in year one. Equity gained on principal adds $1,274/yr while 5% annual appreciation supports $54,566 over five years. Portfolio math shows five-year ROI at 155.67% and total cumulative return in cash at $101,919. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,741/mo property income against a $967/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31015, Cordele, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,227 (100%) |
| Owner Occupied HU | 4,451 (48.2%) |
| Renter Occupied HU | 3,377 (36.6%) |
| Vacant Housing Units | 1,399 (15.2%) |
| Median Home Value | $139,541 |
| Average Home Value | $216,980 |
Housing Distribution
Address Breakdown
Residential
8,075
Single Family
7,694
Multi-Family
381
Businesses
604
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