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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 824 E 3rd Ave, Cordele, GA, 31015 offers a 10.24% rental yield on a $249,900 purchase with $2,132/mo rent. Total monthly income registers $2,132/mo, and a $1,223/mo payment leaves $611/mo available for distribution. Annual cash flow reaches $7,334/yr on $82,842 to close, and return on cash invested stands at 28.76% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 150.25% and total cumulative return in cash at $124,466. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,132/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.38 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Marlene Kimball • Century 21 Smith Branch, LLC
Mls Name: Crisp Area BOR
Mls ID: #59660
