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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 818 E 3rd Ave, Cordele, GA, 31015 priced at $129,900 converts $1,028/mo rent into $237/mo cash flow after a $636/mo obligation. Total monthly income equals $1,028/mo, and annual cash flow totals $2,846/yr on $43,062 invested. Return on cash invested prints 26.52% in year one, and rental yield reads 9.5% against a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation compiles into $35,889 by year five. Five-year ROI reaches 138.26% and total cumulative return in cash sums $59,539. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,028/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1947
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 |
|---|---|---|
| 2025-04-09 | Listed for sale | $129,900 |
| 2024-06-28 | Sold | $120,000 |
| 2024-06-20 | Pending sale | $129,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-10 | $765.92 | 5.22% | $32,908 | 5.68% |
| 2022-04-10 | $727.93 | 7.05% | $31,140 | 6.03% |
| 2021-04-10 | $680.00 | -4.28% | $29,370 | N/A |
Listed by: Shelia Knight • Landbridge Realty
Mls Name: Crisp Area BOR
Mls ID: #59368
Disclaimer: Copyright Crisp Area Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.
