2038 Cherokee CtMaconGA31217
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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
Investment property for sale in Macon at 2038 Cherokee Ct, Macon, GA, 31217 uses $37,758 cash to close to unlock $14,919/yr annual cash flow and $1,243/mo monthly cash flow. Total monthly income runs $1,936/mo, and a $557/mo payment keeps the spread at $1,243/mo. Purchase price stands at $113,900, and rental yield measures 20.4% with $1,936/mo rent. Return on cash invested shows 59.42% in year one, and 5% annual appreciation builds toward $31,468 over five years. Five-year ROI reaches 314.7% and total cumulative return in cash records $118,824. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,936/mo property income covering a $557/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.26 Acres 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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Listed by: Michelle Arnold • GERALD ARNOLD REAL ESTATE
Mls Name: CGMLS
Mls ID: #245487
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.