This North Macon duplex is suited for owner occupied or individual with a real estate portfolio. The 1109 Valley Rd Unit was built recently and is occupied with a 12 month lease agreement. Renters pay in that unit pay $1,220 per month. The 825 S Forest Lake Dr S unit is owner occupied. This rent estimate for this unit is $1,750 or more. And, the math is very simple and easily understood that your investment is good. For instance, at 10% down on a 30yr conventional loan, you are looking at $13,455 return per year on your investment. Giving the interest rate today, you can get 6.5% or lower interest rate. So, financing about 292.5k for 30 yrs at 6.5%, your mortgage is $1,848.80 per month and your rental income is $2,970. Your monthly ROI is $1,121.20.
MLS# | 10364963 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1965 |
Days On Site | 72 |
Listing Provided By | Jubilee Real Estate, Inc. | David Nasulme |
Car Port | Yes |
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Basement | Y |
Units | 2 |
Acreage | 0.44 |
State | GA |
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County | Bibb |
City | Macon |
Zip Code | 31210 |
School District | Howard |
Elementary School | M Lane |
Middle School | Howard |
High School | Howard |
Listing VS Median (in 31210) | |
Price: $325,000 low | high Med: $950,000 On Site: 72 low | high Med: 76.000000 |