405 N Bay StCordeleGA31015
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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 Cordele at 405 N Bay St, Cordele, GA, 31015 priced at $237,000 pairs $1,592/mo rent with $150/mo cash flow after a $1,160/mo payment. Total monthly income equals $1,592/mo, and annual cash flow comes to $1,795/yr on $78,566 invested. Return on cash invested is 22.19% in year one, and rental yield stands at 8.06% on a $237,000 basis. Equity gained on principal adds $1,529/yr, and 5% annual appreciation accumulates to $65,479 by year five. Five-year ROI measures 114.98% and total cumulative return in cash reaches $90,332. For financing, Ziffy Mortgage’s DSCR program evaluates $1,592/mo property income against a $1,160/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31015, Cordele, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,227 (100%) |
| Owner Occupied HU | 4,451 (48.2%) |
| Renter Occupied HU | 3,377 (36.6%) |
| Vacant Housing Units | 1,399 (15.2%) |
| Median Home Value | $139,541 |
| Average Home Value | $216,980 |
Housing Distribution
Address Breakdown
Residential
8,075
Single Family
7,694
Multi-Family
381
Businesses
604
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