1251 Boone StMaconGA31217
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Macon at 1251 Boone St, Macon, GA, 31217 priced at $123,000 converts $1,439/mo rent into $690/mo cash flow after a $602/mo obligation. Total monthly income equals $1,439/mo, and annual cash flow totals $8,285/yr on $40,775 invested. Return on cash invested prints 40.23% in year one, and rental yield reads 14.04% against a $123,000 entry. Equity gained on principal adds $794/yr, while 5% annual appreciation compiles into $33,983 by year five. Five-year ROI reaches 211.69% and total cumulative return in cash sums $86,317. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,439/mo property income covering a $602/mo payment, not borrower’s personal income.
Single Family
Built in 2005
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31217, Macon, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,049 (100%) |
| Owner Occupied HU | 4,343 (54.0%) |
| Renter Occupied HU | 2,485 (30.9%) |
| Vacant Housing Units | 1,221 (15.2%) |
| Median Home Value | $131,509 |
| Average Home Value | $220,345 |
Housing Distribution
Address Breakdown
Residential
7,294
Single Family
7,046
Multi-Family
248
Businesses
320
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Nearby investment properties with comparable prices
Listed by: Tori Simmons • Simmons Realty Group & Assoc.
Mls Name: GAMLS
Mls Provider:
Mls ID: #10299194
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.