825 Forest Lake DR S Active Save Request In-Person Tour Request Virtual Tour
Macon,GA 31210
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 10364963
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
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
Garage 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
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