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
Construction Status Resale
HOA Y/N No
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
Rooms
Basement Bath Finished,Daylight,Exterior Entry,Finished,Interior Entry
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
Level or Stories Multi/Split
Construction Status Resale
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