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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 Columbus at 221 Elba Dr, Columbus, GA, 31903 listed at $189,900 pairs $1,500/mo rent with a $929/mo payment to leave $326/mo cash flow. Total monthly income runs $1,500/mo, and annual cash flow reaches $3,907/yr on $62,952 cash to close. Return on cash invested measures 26.11% in year one, and rental yield registers 9.48% at a $189,900 basis. Equity gained on principal adds $1,225/yr, and annual property appreciation at 5% supports $52,466 by year five. Five-year ROI tracks 136.13% and total cumulative return in cash totals $85,697. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,500/mo property income relative to a $929/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31903, Columbus, GA area.
| 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 |
Residential
8,342
Single Family
6,789
Multi-Family
1,553
Businesses
549
Date | Event | Price |
|---|---|---|
| 2024-11-04 | Listed for sale | $189,900 |
| 2024-10-31 | Pending sale | $189,900 |
| 2024-10-18 | Listed for sale | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $1805.52 | 380.00% | $45,836 | 21.53% |
| 2022-11-11 | $376.15 | 1.83% | $37,716 | 3.40% |
| 2021-11-11 | $369.39 | -0.06% | $36,476 | N/A |
Listed by: Will Rembert • Prestige Property Brokers LLC
Mls Name: CBORGA
Mls Provider:
Mls ID: #216605
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.
