$325,000
 $1,745 est/mo Sourced by Back At You

825 Forest Lake Drive S , Macon, GA 31210

Macon, GA 31210

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Description

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.

Details

MLS#10364963
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1965
Days On Site72
Listing Provided ByJubilee Real Estate, Inc. | David Nasulme

Features

Car PortYes
BasementY
Units2
Acreage0.44

Market Activity 31210

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StateGA
CountyBibb
CityMacon
Zip Code31210
School DistrictHoward
Elementary SchoolM Lane
Middle SchoolHoward
High SchoolHoward
Listing VS Median (in 31210)
Price:
$325,000
low | high
Med:
$950,000
100% of Average
On Site:
72
low | high
Med:
76.000000
94.736842105263% of Average
Sourced by Back At You
Listing Updated: November 12, 2024 at 10:56:24 PM PST
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