1204 1st Ave APT 301ColumbusGA31901
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 1204 1st Ave APT 301, Columbus, GA, 31901 in Columbus is a conservative rental investment at $194,500. Rental yield 6.52%. A 1.21 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $53,737; $1,791/yr in principal paydown supplements. Total projected return: $60,365.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.5% | 4.2% |
| Monthly Cash Flow | $(213) | $850 |
City averages based on Columbus market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,056 |
| Total Monthly Debt Service | $1,191 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1900
714.38 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31901, Columbus, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,340 (100%) |
| Owner Occupied HU | 846 (19.5%) |
| Renter Occupied HU | 2,603 (60.0%) |
| Vacant Housing Units | 891 (20.5%) |
| Median Home Value | $222,959 |
| Average Home Value | $267,423 |
Housing Distribution
Address Breakdown
Residential
3,463
Single Family
2,549
Multi-Family
914
Businesses
877
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
Condo
Built in 1900
714.38 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31901, Columbus, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,340 (100%) |
| Owner Occupied HU | 846 (19.5%) |
| Renter Occupied HU | 2,603 (60.0%) |
| Vacant Housing Units | 891 (20.5%) |
| Median Home Value | $222,959 |
| Average Home Value | $267,423 |
Housing Distribution
Address Breakdown
Residential
3,463
Single Family
2,549
Multi-Family
914
Businesses
877
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ruthie Curtis • Bickerstaff Parham, LLC
Mls Name: CBORGA
Mls Provider:
Mls ID: #218460
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.