Columbus, GA — Rental Investment Analysis

🟢GOOD— solid returns

Cap Rate

6.5%

Above average

Monthly Cash Flow

+$17

After all expenses

Price-to-Rent

10.0

Investor-friendly

DSCR

1.02

Tight

📊 Key Metrics

Median Home Price: $156,148
Average Rent (3BR): $1,180/mo
Price-to-Rent Ratio: 10.0(good)
1% Rule: 0.84%(fails — need 1%+)
Cash-on-Cash Return: 0.6%
Vacancy Rate: 8.0%

📈 Market Strength

Unemployment Rate: 3.5%(-0.8% vs national)
Rent Growth (YoY): +2.9%(national avg)
Population Growth: +1.6% YoY

Assumptions Used

20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance

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Property Tax Rate

0.83%

of assessed value (GA avg)

Median Income

$61,980

household (GA avg)

Rent-to-Income

22.8%

Affordable

Section 8 Max Rent

$1,180/mo

3BR voucher payment

🏛️ GA Investor Climate

Landlord Friendly

8/10

State Income Tax

Has state tax

Property Tax

0.83% effective

Population Trend

+1.6% (3yr)

🏘️ Best Zip Codes in Columbus for Investors

31903

Cap Rate: 13.9%Cash Flow: +$465/mo$74,552

31907

Cap Rate: 7.5%Cash Flow: +$143/mo$161,276

31906

Cap Rate: 7.1%Cash Flow: +$76/mo$132,265

All Zip Codes in Columbus

Zip	Cap Rate	Cash Flow	Home Price	Rent (3BR)	DSCR
31903	13.9%	+$465	$74,552	$1,180/mo	2.17
31907	7.5%	+$143	$161,276	$1,500/mo	1.17
31906	7.1%	+$76	$132,265	$1,180/mo	1.11
31824	6.5%	+$17	$141,025	$1,180/mo	1.02
31909	5.8%	-$116	$233,739	$1,780/mo	0.91
31901	5.7%	-$85	$156,148	$1,180/mo	0.90
31904	4.6%	-$327	$220,116	$1,410/mo	0.72