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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 701 E 29th Ave, Cordele, GA, 31015 offers a 10.63% rental yield on a $175,000 purchase with $1,550/mo rent. Total monthly income registers $1,550/mo, and a $857/mo payment leaves $484/mo available for distribution. Annual cash flow reaches $5,814/yr on $58,013 to close, and return on cash invested stands at 29.93% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 156.5% and total cumulative return in cash at $90,787. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,550/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
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 |
|---|---|---|
| 2025-02-10 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-15 | $804.27 | 5.15% | $33,978 | 5.77% |
| 2022-02-15 | $764.86 | 6.94% | $32,125 | 6.12% |
| 2021-02-15 | $715.24 | -4.23% | $30,272 | N/A |
What's Special
Partially Floored,Pull Down Stairs
Listed by: Janet Denise Silcox • SOUTHERN REALTY COMPANY
Mls Name: Crisp Area BOR
Mls ID: #59288
Disclaimer: Copyright Crisp Area Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
