973 New StMaconGA31201
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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 973 New St, Macon, GA, 31201 priced at $219,500 pairs $2,188/mo rent with $852/mo cash flow after a $1,074/mo payment. Total monthly income equals $2,188/mo, and annual cash flow comes to $10,229/yr on $72,764 invested. Return on cash invested is 33.97% in year one, and rental yield stands at 11.96% on a $219,500 basis. Equity gained on principal adds $1,416/yr, and 5% annual appreciation accumulates to $60,644 by year five. Five-year ROI measures 178.14% and total cumulative return in cash reaches $129,622. For financing, Ziffy Mortgage’s DSCR program evaluates $2,188/mo property income against a $1,074/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1864
3,049 sqft 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: Kimbrough Donner • Fickling & Company Inc.
Mls Name: GAMLS
Mls Provider:
Mls ID: #10384656
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.