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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 Macon at 113 Covington Pl, Macon, GA, 31210 uses $164,921 cash to close to unlock $986/yr annual cash flow and $82/mo monthly cash flow. Total monthly income runs $3,110/mo, and a $2,435/mo payment keeps the spread at $82/mo. Purchase price stands at $497,500, and rental yield measures 7.5% with $3,110/mo rent. Return on cash invested shows 20.51% in year one, and 5% annual appreciation builds toward $137,450 over five years. Five-year ROI reaches 105.94% and total cumulative return in cash records $174,711. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,110/mo property income covering a $2,435/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31210, Macon, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,994 (100%) |
| Owner Occupied HU | 8,223 (48.4%) |
| Renter Occupied HU | 7,270 (42.8%) |
| Vacant Housing Units | 1,501 ( 8.8%) |
| Median Home Value | $316,169 |
| Average Home Value | $363,621 |
Residential
16,289
Single Family
10,774
Multi-Family
5,515
Businesses
1,379
Date | Event | Price |
|---|---|---|
| 2024-11-20 | Price change | $497,500 |
| 2024-10-18 | Listed for sale | $527,500 |
| 2013-02-18 | Sold | $253,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-16 | $3913.12 | 29.43% | $161,078 | 11.83% |
| 2023-02-16 | $3023.29 | -37.17% | $144,040 | -1.33% |
| 2022-02-16 | $4811.80 | 8.05% | $145,985 | 17.55% |
What's Special
Storage
Listed by: Merry Johnson • Sheridan, Solomon & Associates
Mls Name: MGMLS
Mls Provider:
Mls ID: #177033
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