1283 Providence LnColumbusGA31903
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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 Columbus at 1283 Providence Ln, Columbus, GA, 31903 priced at $161,000 converts $1,475/mo rent into $495/mo cash flow after a $788/mo obligation. Total monthly income equals $1,475/mo, and annual cash flow totals $5,942/yr on $53,372 invested. Return on cash invested prints 31.04% in year one, and rental yield reads 10.99% against a $161,000 entry. Equity gained on principal adds $1,039/yr, while 5% annual appreciation compiles into $44,481 by year five. Five-year ROI reaches 162.5% and total cumulative return in cash sums $86,727. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,475/mo property income covering a $788/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31903, Columbus, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,786 (100%) |
| Owner Occupied HU | 2,531 (25.9%) |
| Renter Occupied HU | 5,690 (58.1%) |
| Vacant Housing Units | 1,565 (16.0%) |
| Median Home Value | $82,737 |
| Average Home Value | $147,511 |
Housing Distribution
Address Breakdown
Residential
8,342
Single Family
6,789
Multi-Family
1,553
Businesses
549
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Listed by: Tory Martin • Legacy Realty Tri-Cities LLC
Mls Name: CBORGA
Mls Provider:
Mls ID: #220924
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.