3107 Melrose DrColumbusGA31906
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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 3107 Melrose Dr, Columbus, GA, 31906 priced at $148,000 pairs $1,634/mo rent with $695/mo cash flow after a $724/mo payment. Total monthly income equals $1,634/mo, and annual cash flow comes to $8,334/yr on $49,062 invested. Return on cash invested is 36.9% in year one, and rental yield stands at 13.25% on a $148,000 basis. Equity gained on principal adds $955/yr, and 5% annual appreciation accumulates to $40,890 by year five. Five-year ROI measures 194.18% and total cumulative return in cash reaches $95,270. For financing, Ziffy Mortgage’s DSCR program evaluates $1,634/mo property income against a $724/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31906, Columbus, GA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,294
Single Family
8,120
Multi-Family
1,174
Businesses
652
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Listed by: Sandi Green • Champions Realty
Mls Name: CBORGA
Mls Provider:
Mls ID: #221563
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.