450 N Clark St

Milledgeville, GA 31061
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4 bd, 4.5 ba | 1,888 sqft | Built in 2015

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For Sale

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List Price
$297,900

Initial Investment

$81,178
Pre-approval letter or proof of funds required.

$

about the purchase process.

Purchase Price

$297,900

Down Payment

25%

Rent

$2,300

Total Return

$189,431

Annualized Return

27.9%

Cap Rate

6.1%

Gross Yield

9.3%

Cash Flow

$1,467

Appreciation

10.1%
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Features

Occupancy

Occupied

Lease Start

08/01/2022

Lease End

07/25/2023

Property Type

Apartment

Lot Size

7,140

HOA

None

Flood Risk

Not Required

  • 4 bedroom / 4.5 bath Single Family Detached Home
  • Located in Milledgeville, GA which has a small town feel and a thriving college scene. Walking distance to the Georgia Military College and requires Parental Responsibility for any Leases
  • Built in 2015
  • Located close to multiple schools, shopping centers, parks and restaurants
  • Steady and Attractive Current Five Year Market Appreciation
  • Seller will pay 2% ($6,500) of Buyers Closing Costs

See more in Analysis

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Annual Financial Highlights

Expected Rent

$26,220

Expenses

-$5,821

Property Taxes

-$2,737

Loan Payments

-$16,195

Net Cash Flow

$1,467

See more in Financials

Property Characteristics

Inspection Contingency

This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract.
  • This property will be professionally inspected before closing.
  • You'll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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