Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$175,000

For Sale - Active
3305 Cherokee Ave, Columbus, GA 31906
3 Beds
0 Baths
0 Square Feet
0.00 Acres Lot
Built in 1933
For Sale - Active
Units n/a
Checked: 9 hours ago
Updated: May 11, 2025 at 03:06AM

Investment Summary


Monthly Cash Flow
-$162
Cap Rate
5.2%
Cash-on-Cash Return
-4.8%
Debt Coverage Ratio
0.82
Internal Rate of Return (5 years)
-0.7%

Property Description


0.00 Acres Lot
Built in 1933
For Sale - Active
Units n/a

Nestled on a private lot with beautiful shade trees, this delightful 3-bedroom, 1-bathroom home offers 1,196 sq. ft. of comfortable living space. Located in the desirable Lake Bottom area, the property features a fenced backyard with direct access to the Columbus Walking Trail-perfect for outdoor enthusiasts. Recent updates include a new metal roof (2022), a new water heater (2024), and numerous interior upgrades (Refrigerator to be included in the sale). Enjoy outdoor living with a massive back porch, a new front deck cover, and abundant natural shade. The property also boasts a new barn door, a concrete driveway, and plenty of space for entertaining or relaxing. Refrigerator included in the sale. Property use as short term rentals. Great investment opportunity.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Details: Off Street
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 1
  • Basement Description: Crawl Space

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable
  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 036009016
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 1933

Tax Information

  • Annual Tax: $905

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Electric

Location

  • County: Muscogee

Listing Details


Listed by:
Angelica Rozwadowski
CENTURY 21 Premier Real Estate
(706) 576-2400

Source:
Georgia MLS
MLS#: 10472552
Georgia MLS

Investment Summary


Monthly Cash Flow
-$162
Cap Rate
5.2%
Cash-on-Cash Return
-4.8%
Debt Coverage Ratio
0.82
Internal Rate of Return (5 years)
-0.7%

Purchase Details

Find an Agent

Purchase price:
$175,000
Amount financed:
-$140,000
Down payment:
$35,000
Closing costs:
$5,250
Rehab costs:
$0
Initial cash invested:
$40,250
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

Find a Lender

Loan amount:
$140,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$914
Property tax:
$76
Insurance:
$84
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,074

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$1,200 $14,400
Vacancy loss: (6%)
6% -$72 -$864
Operating income:
$1,128 $13,536

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$76-$906
Insurance: (7%)
7%-$84-$1,008
Property management: (8%)
8%-$96-$1,152
Repairs & maintenance: (5%)
5%-$60-$720
Capital expenditures: (5%)
5%-$60-$720
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (31%)
31%-$376-$4,506

Cash Flow


Monthly Yearly
Net operating income:
$752 $9,024
Mortgage payments:
-$914 -$10,968
Cash flow:
$162 $1,944