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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Cordele at 1606 S 5th St, Cordele, GA, 31015 offers a 9.91% rental yield on a $180,000 purchase with $1,486/mo rent. Total monthly income registers $1,486/mo, and a $881/mo payment leaves $391/mo available for distribution. Annual cash flow reaches $4,686/yr on $59,670 to close, and return on cash invested stands at 27.76% in year one. Equity gained on principal adds $1,162/yr while 5% annual appreciation supports $49,731 over five years. Portfolio math shows five-year ROI at 144.86% and total cumulative return in cash at $86,441. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,486/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31015, Cordele, GA area.
| 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 |
Residential
8,075
Single Family
7,694
Multi-Family
381
Businesses
604
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Andrieka Oliver • Keller Williams West Atlanta
Mls Name: GAMLS
Mls ID: #10624904
