2516 Lorraine StColumbusGA31909
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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 2516 Lorraine St, Columbus, GA, 31909 generates $1,080/mo in rent and, after a $680/mo payment, leaves $234/mo in cash flow. Total monthly income is $1,080/mo, and annual cash flow is $2,812/yr on $46,079 invested. Return on cash invested sits at 26.01% in year one, and rental yield is 9.32% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 135.49% and total cumulative return in cash sums $62,432. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31909, Columbus, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,759 (100%) |
| Owner Occupied HU | 9,428 (53.1%) |
| Renter Occupied HU | 7,575 (42.7%) |
| Vacant Housing Units | 756 ( 4.3%) |
| Median Home Value | $265,997 |
| Average Home Value | $290,043 |
Housing Distribution
Address Breakdown
Residential
17,575
Single Family
11,271
Multi-Family
6,304
Businesses
1,210
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