511 Pierce AveGrayGA31204
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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
Rental property for sale in Gray at 511 Pierce Ave, Gray, GA, 31204 priced at $264,900 converts $1,696/mo rent into $83/mo cash flow after a $1,297/mo obligation. Total monthly income equals $1,696/mo, and annual cash flow totals $1,000/yr on $87,814 invested. Return on cash invested prints 21.05% in year one, and rental yield reads 7.68% against a $264,900 entry. Equity gained on principal adds $1,709/yr, while 5% annual appreciation compiles into $73,187 by year five. Five-year ROI reaches 108.84% and total cumulative return in cash sums $95,576. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,696/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1964
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31204, Macon, GA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,473
Single Family
12,659
Multi-Family
814
Businesses
1,022
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