522 Cherry St UNIT 102MaconGA31201
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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 Macon at 522 Cherry St UNIT 102, Macon, GA, 31201 generates $1,300/mo in rent, after a $1,165/mo payment. Total monthly income is $1,300/mo. Return on cash invested sits at 17.65% in year one, and rental yield is 6.55% on a $238,000 entry. Equity gained on principal adds $1,536/yr, while 5% annual appreciation builds toward $65,755 over five years. Five-year ROI reaches 90.63% and total cumulative return in cash sums $71,506. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,300/mo property income rather than buyer’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31201, Macon, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,156 (100%) |
| Owner Occupied HU | 875 (17.0%) |
| Renter Occupied HU | 3,335 (64.7%) |
| Vacant Housing Units | 946 (18.3%) |
| Median Home Value | $261,923 |
| Average Home Value | $283,731 |
Housing Distribution
Address Breakdown
Residential
4,414
Single Family
2,973
Multi-Family
1,441
Businesses
1,254
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Listed by: Joanna Jones • Sheridan, Solomon & Associates
Mls Name: MGMLS
Mls Provider:
Mls ID: #179522
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