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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% |
Rental property for sale in Macon at 2809 Cherry Ave, Macon, GA, 31204 priced at $199,500 converts $1,440/mo rent into $226/mo cash flow after a $976/mo obligation. Total monthly income equals $1,440/mo, and annual cash flow totals $2,715/yr on $66,134 invested. Return on cash invested prints 24.01% in year one, and rental yield reads 8.66% against a $199,500 entry. Equity gained on principal adds $1,287/yr, while 5% annual appreciation compiles into $55,118 by year five. Five-year ROI reaches 124.77% and total cumulative return in cash sums $82,519. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $976/mo payment, not borrower’s personal income.
Single Family
Built in 1944
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31204, Macon, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,315 (100%) |
| Owner Occupied HU | 6,224 (40.6%) |
| Renter Occupied HU | 6,853 (44.7%) |
| Vacant Housing Units | 2,238 (14.6%) |
| Median Home Value | $177,395 |
| Average Home Value | $236,845 |
Residential
13,473
Single Family
12,659
Multi-Family
814
Businesses
1,022
Date | Event | Price |
|---|---|---|
| 2025-02-05 | Listed for sale | $199,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Kenyatta Monday • Enquire Realty Partners
Mls Name: MGMLS
Mls Provider:
Mls ID: #178176
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