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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 Columbus at 623 Wright Dr, Columbus, GA, 31907 offers a 10.49% rental yield on a $229,900 purchase with $2,010/mo rent. Total monthly income registers $2,010/mo, and a $1,125/mo payment leaves $598/mo available for distribution. Annual cash flow reaches $7,174/yr on $76,212 to close, and return on cash invested stands at 29.32% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 153.27% and total cumulative return in cash at $116,807. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,010/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31907, Columbus, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,947 (100%) |
| Owner Occupied HU | 13,056 (52.3%) |
| Renter Occupied HU | 10,137 (40.6%) |
| Vacant Housing Units | 1,754 ( 7.0%) |
| Median Home Value | $192,585 |
| Average Home Value | $229,732 |
Residential
22,511
Single Family
19,216
Multi-Family
3,295
Businesses
916
Date | Event | Price |
|---|---|---|
| 2024-10-25 | Price change | $229,900 |
| 2024-10-23 | Price change | $234,900 |
| 2024-10-19 | Listed for sale | $239,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-11 | $2067.08 | 1316.39% | $52,476 | 24.23% |
| 2022-11-11 | $145.94 | 4.85% | $42,240 | -1.68% |
| 2021-11-11 | $139.19 | N/A | $42,960 | N/A |
Listed by: Will Rembert • Prestige Property Brokers LLC
Mls Name: CBORGA
Mls Provider:
Mls ID: #216468
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.
