260 Balkcom AveMaconGA31217
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 260 Balkcom Ave, Macon, GA, 31217 offers $939/mo rent that, after a $514/mo payment, leaves $296/mo cash flow. Total monthly income is $939/mo, and annual cash flow is $3,552/yr on $34,808 cash. Return on cash invested measures 30.11% in year one, and rental yield stands at 10.73% at a $105,000 entry. Equity gained on principal adds $678/yr while 5% annual appreciation compounds into $29,010 by year five. Five-year ROI records 157.66% and total cumulative return in cash reaches $54,878. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $939/mo property income versus a $514/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
9,583 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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Listed by: Sherita Sims-Jones • VIRTUAL PROPERTIES REALTY
Mls Name: CGMLS
Mls ID: #250369
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.