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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 2314 Heard St, Columbus, GA, 31906 offers a 10.94% rental yield on a $125,000 purchase with $1,140/mo rent. Total monthly income registers $1,140/mo, and a $612/mo payment leaves $379/mo available for distribution. Annual cash flow reaches $4,548/yr on $41,438 to close, and return on cash invested stands at 30.89% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 161.69% and total cumulative return in cash at $67,001. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,140/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1943
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31906, Columbus, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,989 (100%) |
| Owner Occupied HU | 4,190 (38.1%) |
| Renter Occupied HU | 5,160 (47.0%) |
| Vacant Housing Units | 1,639 (14.9%) |
| Median Home Value | $216,921 |
| Average Home Value | $275,489 |
Residential
9,294
Single Family
8,120
Multi-Family
1,174
Businesses
652
Date | Event | Price |
|---|---|---|
| 2024-09-20 | Price change | $125,000 |
| 2024-08-30 | Listed for sale | $127,500 |
| 2024-08-09 | Sold | $45,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $899.06 | 0.71% | $22,824 | 4.39% |
| 2022-10-17 | $892.73 | 2.04% | $21,864 | 2.03% |
| 2021-10-17 | $874.92 | -0.03% | $21,428 | N/A |
Listed by: B. Durham, K. Durham & S. Sears Team • Durham Sears Real Estate
Mls Name: CBORGA
Mls Provider:
Mls ID: #214711
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.
