1435 3rd St

Macon, GA 31201
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4 bd, 2 ba | 1,066 sqft | Built in 2004

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List Price
$84,500

Initial Investment

$23,468

Purchase Price

$78,500

Down Payment

25%

Rent

$1,000

Total Return

$47,075

Annualized Return

27.7%

Cap Rate

9.2%

Gross Yield

15.3%

Cash Flow

$2,307

Appreciation

8.1%
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Features

Occupancy

Occupied

Lease Start

02/29/2020

Lease End

03/01/2021

Lot Size

5,663

HOA

None

Flood Risk

Not Required

  • Tenant moved in 2/29 at $1,000 rent
  • Close to downtown Macon, hospitals and shopping
  • Newly rehabbed with paint, flooring, A/C, and water heater

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Annual Financial Highlights

Expected Rent

$11,400

Expenses

-$3,525

Property Taxes

-$1,300

Loan Payments

-$4,268

Net Cash Flow

$2,307

See more in Financials

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