505 E 29th AveCordeleGA31015
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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
Investment property for sale in Cordele at 505 E 29th Ave, Cordele, GA, 31015 uses $71,239 cash to close to unlock $5,051/yr annual cash flow and $421/mo monthly cash flow. Total monthly income runs $1,729/mo, and a $1,052/mo payment keeps the spread at $421/mo. Purchase price stands at $214,900, and rental yield measures 9.65% with $1,729/mo rent. Return on cash invested shows 27% in year one, and 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 140.73% and total cumulative return in cash records $100,254. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,729/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1979
N/A 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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