2865 Nowell DrMaconGA31216
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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
Investment property for sale in Macon at 2865 Nowell Dr, Macon, GA, 31216 uses $58,013 cash to close to unlock $7,627/yr annual cash flow and $636/mo monthly cash flow. Total monthly income runs $1,703/mo, and a $857/mo payment keeps the spread at $636/mo. Purchase price stands at $175,000, and rental yield measures 11.68% with $1,703/mo rent. Return on cash invested shows 33.06% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 173.25% and total cumulative return in cash records $100,507. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,703/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31216, Macon, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,882 (100%) |
| Owner Occupied HU | 5,108 (74.2%) |
| Renter Occupied HU | 1,338 (19.4%) |
| Vacant Housing Units | 436 ( 6.3%) |
| Median Home Value | $258,738 |
| Average Home Value | $292,504 |
Housing Distribution
Address Breakdown
Residential
6,795
Single Family
6,344
Multi-Family
451
Businesses
382
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Listed by: Arnetria D Prosser • Southern Classic Realtors
Mls Name: GAMLS
Mls Provider:
Mls ID: #10592828
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