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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 618 E 27th Ave, Cordele, GA, 31015 offers a 8.39% rental yield on a $226,900 purchase with $1,586/mo rent. Total monthly income registers $1,586/mo, and a $1,111/mo payment leaves $205/mo available for distribution. Annual cash flow reaches $2,455/yr on $75,217 to close, and return on cash invested stands at 23.17% in year one. Equity gained on principal adds $1,464/yr while 5% annual appreciation supports $62,688 over five years. Portfolio math shows five-year ROI at 120.23% and total cumulative return in cash at $90,437. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,586/mo property income against a $1,111/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.69 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 |
|---|---|---|
| 2025-06-05 | Listed for sale | $226,900 |
| 1995-01-28 | Sold | $83,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-06 | $1771.08 | 2.41% | $60,957 | 5.37% |
| 2022-06-06 | $1729.48 | 3.48% | $57,853 | 5.67% |
| 2021-06-06 | $1671.38 | -3.65% | $54,749 | N/A |
What's Special
Pull Down Stairs
Listed by: Heath Hamilton • NATIONAL REALTY COMPANY
Mls Name: Crisp Area BOR
Mls ID: #59436
Disclaimer: Copyright Crisp Area Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
