2638 Macon Dr SW

Atlanta, GA 30315
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3 bd, 2 ba | 1,080 sqft | Built in 1960

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List Price
$96,650

Initial Investment

$27,372

Purchase Price

$93,750

Down Payment

25%

Rent

$1,075

Total Return

$58,505

Annualized Return

27.9%

Cap Rate

8.2%

Gross Yield

13.8%

Cash Flow

$1,976

Appreciation

9.0%
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Features

Occupancy

Vacant

Lot Size

10,890

HOA

None

Flood Risk

Not Required

  • Beautiful 3 bed 2 bath, 1080 sqft single family house just renovated with over $5K invested
  • The features include brand new appliances, repaired gutters, and serviced HVAC system.
  • Great location! Easy access to downtown Atlanta (15 minutes) and less than 10 min to the airport
  • Desirable, appreciating location in a 2.5 star neighborhood with a cap rate north of 8%
  • As of 10/15 - approved tenant with signed 2-year lease on 10/10/2018. Lease move-in beginning 10/25/18 and ending 10/31/2020. New rent at $1,150 which will move cap rate to an 8.7 cap

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Annual Financial Highlights

Expected Rent

$12,255

Expenses

-$3,482

Property Taxes

-$1,700

Loan Payments

-$5,097

Net Cash Flow

$1,976

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