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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 620 E 13th Ave, Cordele, GA, 31015 offers a 18.44% rental yield on a $179,900 purchase with $2,765/mo rent. Total monthly income registers $2,765/mo, and a $881/mo payment leaves $1,667/mo available for distribution. Annual cash flow reaches $20,005/yr on $59,637 to close, and return on cash invested stands at 53.45% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 282.71% and total cumulative return in cash at $168,597. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,765/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
N/A 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 |
|---|---|---|
| 2024-09-14 | Price change | $179,900 |
| 2024-09-11 | Listed for sale | $199,000 |
| 2024-09-04 | Contingent | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1523.71 | 3.85% | $54,053 | 6.28% |
| 2022-10-15 | $1467.29 | 5.20% | $50,859 | 6.70% |
| 2021-10-15 | $1394.70 | -3.73% | $47,665 | N/A |
Listed by: Shelia Knight • Landbridge Realty
Mls Name: Crisp Area BOR
Mls ID: #59112
Disclaimer: Copyright Crisp Area Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
