604 2nd AveColumbusGA31901
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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 604 2nd Ave, Columbus, GA, 31901 priced at $429,900 converts $2,444/mo rent into after a $2,104/mo obligation. Total monthly income equals $2,444/mo. Return on cash invested prints 18.46% in year one, and rental yield reads 6.82% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 94.94% and total cumulative return in cash sums $135,295. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,444/mo property income covering a $2,104/mo payment, not borrower’s personal income.
Single Family
Built in 1993
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31901, Columbus, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,340 (100%) |
| Owner Occupied HU | 846 (19.5%) |
| Renter Occupied HU | 2,603 (60.0%) |
| Vacant Housing Units | 891 (20.5%) |
| Median Home Value | $222,959 |
| Average Home Value | $267,423 |
Housing Distribution
Address Breakdown
Residential
3,463
Single Family
2,549
Multi-Family
914
Businesses
877
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Listed by: L. Jordan & D. Gaultney Team • Blue Sky Realty
Mls Name: CBORGA
Mls Provider:
Mls ID: #216715
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.