825 Forest Lake DR S, Macon, GA 31210 - MLS#10364963

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Marc Brown

[email protected] +1(404) 625-0776

Listed by David Nasulme • Jubilee Real Estate, Inc.

$325,000

Est. payment - /mo

0.44 Acres Lot

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 10364963

Construction Status Resale

HOA Y/N No

Year Built 1965

Annual Tax Amount $1,480

Tax Year 2023

Lot Size 0.440 Acres

Property 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.

Location

State GA

County Bibb

Rooms

Basement Bath Finished, Daylight, Exterior Entry, Finished, Interior Entry

Interior

Heating Central, Electric, Forced Air, Heat Pump

Cooling Attic Fan, Ceiling Fan(s), Central Air, Dual, Electric, Heat Pump, Zoned

Fireplaces Number 1

Exterior

Parking Features Attached, Carport, Detached, Garage, Garage Door Opener, Off Street, Side/Rear Entrance

Garage Spaces 8.0

Community Features None

Utilities Available Electricity Individual Meters, Sewer Connected, Underground Utilities, Water Individual Meters

Building

Story Multi/Split

Foundation Block, Slab

Sewer Public Sewer

Level or Stories Multi/Split

Construction Status Resale

Schools

Elementary Schools M Lane

Middle Schools Howard

High Schools Howard

Others

Acceptable Financing Conventional, Credit Report Required, FHA, VA Loan

Listing Terms Conventional, Credit Report Required, FHA, VA Loan

Special Listing Condition Agent/Seller Relationship

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Marc Brown

+1(404) 625-0776

Agent | License ID: 382845

Agent License ID: 382845