966 W Grenada TerMaconGA31206
Nearby investment properties with comparable rents
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
Rental property for sale in Macon at 966 W Grenada Ter, Macon, GA, 31206 priced at $110,000 converts $854/mo rent into $185/mo cash flow after a $538/mo obligation. Total monthly income equals $854/mo, and annual cash flow totals $2,219/yr on $36,465 invested. Return on cash invested prints 25.99% in year one, and rental yield reads 9.32% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 135.35% and total cumulative return in cash sums $49,356. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $854/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1947
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31206, Macon, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,584 (100%) |
| Owner Occupied HU | 4,190 (36.2%) |
| Renter Occupied HU | 5,295 (45.7%) |
| Vacant Housing Units | 2,099 (18.1%) |
| Median Home Value | $85,452 |
| Average Home Value | $142,008 |
Housing Distribution
Address Breakdown
Residential
10,621
Single Family
9,782
Multi-Family
839
Businesses
1,039
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Listed by: Monica Greene • HRP Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10448926
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