$325,000
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825 Forest Lake Drive S Macon, GA 31210
Duplex
Residence
Beds
Baths
Sq. Ft.
0.44
Acre
Lot
Property Activity
Time on Site
days
Days on Market
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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 est...imate 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.
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MLS#
10364963
Property Type
Duplex
Year Built
1965
Lot Size
0.44
Sewer
Public Sewer, Sewer Connected
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