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


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