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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% |
Investment property for sale in Cordele at 515 E 18th Ave, Cordele, GA, 31015 offers a 13.05% rental yield on a $149,900 purchase with $1,630/mo rent. Total monthly income registers $1,630/mo, and a $734/mo payment leaves $663/mo available for distribution. Annual cash flow reaches $7,958/yr on $49,692 to close, and return on cash invested stands at 35.92% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 189.13% and total cumulative return in cash at $93,983. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,630/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31015, Cordele, GA area.
| 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 |
Residential
8,075
Single Family
7,694
Multi-Family
381
Businesses
604
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Price change | $149,900 |
| 2024-09-24 | Listed for sale | $159,900 |
| 2019-05-24 | Sold | $73,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1894.62 | 2.44% | $54,252 | 6.92% |
| 2022-10-15 | $1849.57 | 4.68% | $50,741 | 7.43% |
| 2021-10-15 | $1766.85 | 64.47% | $47,231 | N/A |
What's Special
Storage Only,Permanent Stairs
Listed by: Jenna Rogers Hobbs • NATIONAL REALTY COMPANY
Mls Name: Crisp Area BOR
Mls ID: #59160
Disclaimer: Copyright Crisp Area Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
