855 Nottingham Dr, Macon, GA
$ 115,322 - Buy & Hold
3.0 bd | 1.0 ba | 2,068 sqft | 1919 | $ 925 Rent
IRR
0.00 %
Yield-on-Cost
104.05 %
Cash on Cash
448.91 %
Net Monthly Cashflow
$655
Description
This 3/1 home has a spacious 2,068 square feet according to the tax records. The home was built in 1919 and features brand new floors and a picturesque exterior. The kitchen comes with wooden cabinets and new appliances.The living room is spacious with plenty of light and a fireplace. This house rents for $850 per month and is priced attractively to provide a great ROI and cash flow for a buy and hold investor.
Buy & Hold Analysis
- IRR: 0.00 %
- Net Cashflow: $ 1,353
- Rehab Est: $ 0
- Cap Rate: 6.31 %
- Monthly Rent: $ 925
- ARV: $ 115,322
- Cash on Cash: 5.19 %
- Taxes: $ 842
Financial Analysis
- Loan Amnt: $ 6,200
- All-in Cost: $ 7,952
- Debt Coverage Ratio: 6.31 %
- Total Out of Pocket: $ 1,752
- Monthly Mortgage: $ 34
Expense Assumptions
- Prop Insurance: $ 865
- Vacancy: $ 555
- Prop Mgmt Fee: $ 888
- Maintenance: $ 555
- Capex: $ 0
Financing Assumptions
- Cash Purchase: No
- Loan Term: 360 months
- Down Payment: 20.00 %
- Points: 2.00
- Interest Rate: 5.25 %
- Interest only loan: No
Other Assumptions
- Closing Cost: $ 1,153
- Rental Holding Period: 12