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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% |
Investment property for sale in Macon at 7292 Neal Dr, Macon, GA, 31216 offers a 11.27% rental yield on a $259,000 purchase with $2,432/mo rent. Total monthly income registers $2,432/mo, and a $1,268/mo payment leaves $855/mo available for distribution. Annual cash flow reaches $10,264/yr on $85,859 to close, and return on cash invested stands at 31.86% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 166.84% and total cumulative return in cash at $143,248. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,432/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31216, Macon, GA area.
| 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 |
Residential
6,795
Single Family
6,344
Multi-Family
451
Businesses
382
Date | Event | Price |
|---|---|---|
| 2024-11-08 | Price change | $259,000 |
| 2024-11-04 | Pending sale | $299,900 |
| 2024-10-02 | Listed for sale | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-09 | N/A | N/A | $79,656 | 22.36% |
| 2023-01-09 | N/A | N/A | $65,102 | 23.14% |
| 2022-01-09 | N/A | N/A | $52,869 | 3.02% |
What's Special
Pull Down Stairs
Listed by: George A. Milligan • Re/Max Realty Team
Mls Name: GAMLS
Mls Provider:
Mls ID: #20175510
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
