190 Scenic RteCordeleGA31015
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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 Cordele at 190 Scenic Rte, Cordele, GA, 31015 priced at $511,903 converts $2,244/mo rent into after a $2,506/mo obligation. Total monthly income equals $2,244/mo. Return on cash invested prints 13.15% in year one, and rental yield reads 5.26% against a $511,903 entry. Equity gained on principal adds $3,303/yr, while 5% annual appreciation compiles into $141,429 by year five. Five-year ROI reaches 66.67% and total cumulative return in cash sums $112,285. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,244/mo property income covering a $2,506/mo payment, not borrower’s personal income.
Single Family
Built in 1998
1 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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