2066 Melton AveMaconGA31217
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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 2066 Melton Ave, Macon, GA, 31217 uses $44,719 cash to close to unlock $4,263/yr annual cash flow and $355/mo monthly cash flow. Total monthly income runs $1,176/mo, and a $660/mo payment keeps the spread at $355/mo. Purchase price stands at $134,900, and rental yield measures 10.46% with $1,176/mo rent. Return on cash invested shows 29.44% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 153.9% and total cumulative return in cash records $68,825. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,176/mo property income covering a $660/mo payment rather than investor’s personal income.
Multi Family
Built in 1950
0.31 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: Loretta Thomas • A Home For You Realty, LLC
Mls Name: MGMLS
Mls Provider:
Mls ID: #179175
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