855 Nottingham Dr, Macon, GA


$ 115,322 - Buy & Hold

3.0 bd | 1.0 ba | 2,068 sqft | 1919 yr | $ 925 Rent

IRR
1,899.64 %
Yield-on-Cost
92.84 %
Cash on Cash
336.08 %
Net Monthly Cashflow
$581

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

  • ARV: $115,322
  • Yield-on-Cost: 92.84 %
  • Net Monthly Cashflow: $581
  • Monthly Rent: $925

Financial Analysis

  • Loan Amnt: $ 5,812.50
  • All-in Cost: $ 7,885.63
  • Debt Coverage Ratio: 20.71 %
  • Total Out of Pocket: $ 2,073.13
  • Monthly Mortgage: $ 29.45

Expense Assumptions

  • Prop Insurance: $800
  • Prop Mgmt Fee: $1,055
  • Vacancy: $555
  • Capex: $0

Financing Assumptions

  • Down Payment: $1,938
  • Interest Rate: 4.50 %
  • Loan Term Months: 360.00
  • Points: $58

Other Assumptions

  • Closing Cost: $ 78
  • Rental Holding Period: 4.00


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