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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 3291 Ridge Ave, Macon, GA, 31204 priced at $299,000 converts $2,030/mo rent into $203/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,030/mo, and annual cash flow totals $2,436/yr on $99,119 invested. Return on cash invested prints 22.37% in year one, and rental yield reads 8.15% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 115.91% and total cumulative return in cash sums $114,886. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,030/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1924
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 |
|---|---|---|
| 2025-02-06 | Listed for sale | $299,000 |
| 2022-12-01 | Listed for rent | $2,000 |
| 2022-05-31 | Sold | $224,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-16 | $2575.66 | 13.19% | $101,417 | N/A |
| 2023-02-16 | $2275.55 | -10.80% | $101,417 | 37.63% |
| 2022-02-16 | $2551.12 | 21.43% | $73,687 | 33.29% |
Listed by: Jeffrey Hagy • Atlanta Fine Homes Sotheby's International Realty
Mls Name: MGMLS
Mls Provider:
Mls ID: #178202
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