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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% |
Rental property for sale in Columbus at 3049 Grenada Dr, Columbus, GA, 31903 priced at $149,900 converts $1,713/mo rent into $729/mo cash flow after a $734/mo obligation. Total monthly income equals $1,713/mo, and annual cash flow totals $8,751/yr on $49,692 invested. Return on cash invested prints 37.52% in year one, and rental yield reads 13.71% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 197.85% and total cumulative return in cash sums $98,315. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,713/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1955
10,018 sqft 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 |
|---|---|---|
| 2025-03-31 | Listed for sale | $149,900 |
| 2023-12-04 | Sold | $145,000 |
| 2023-11-13 | Pending sale | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-01 | $2096.60 | -16.76% | $53,560 | 65.31% |
| 2023-04-01 | $2518.62 | 141.29% | $32,400 | 26.74% |
| 2022-04-01 | $1043.81 | 11.01% | $25,564 | 11.01% |
Listed by: Matt Horne • Coldwell Banker / Kennon, Parker, Duncan & Davis
Mls Name: CBORGA
Mls Provider:
Mls ID: #220254
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.
