1102 N 3rd StCordeleGA31015
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.05% yield at 1102 N 3rd St, Cordele, GA, 31015 in Cordele is solid, but the $1,147/mo payment compresses net cash flow to $159/mo at $255,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $70,452 by year five, and $2,349/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.49) without U.S. income documentation. Total projected return: $106,835.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 8.0% |
| Monthly Cash Flow | $159 | $1,200 |
City averages based on Cordele market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,711 |
| Total Monthly Debt Service | $1,451 |
| DSCR Ratio | 1.18x |
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 1953
5,662 sqft 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
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 1953
5,662 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices