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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% |
Rental property for sale in Cordele at 764 Scenic Rte, Cordele, GA, 31015 priced at $450,000 converts $1,433/mo rent into after a $2,203/mo obligation. Total monthly income equals $1,433/mo. Return on cash invested prints 9.16% in year one, and rental yield reads 3.82% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 45.15% and total cumulative return in cash sums $67,350. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,433/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.82 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 |
|---|---|---|
| 2024-08-15 | Listed for sale | $450,000 |
| 2011-01-07 | Listing removed | $350,000 |
| 2010-12-03 | Price change | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-09 | $4096.82 | 15.76% | $151,308 | 20.07% |
| 2022-01-09 | $3538.99 | -1.11% | $126,019 | 4.37% |
| 2021-01-09 | $3578.88 | 0.44% | $120,745 | N/A |
Listed by: Joe Pope • Pope, The Real Estate Company
Mls Name: Tift Area BOR
Mls ID: #137553
Disclaimer: Copyright Tift Area Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
