825 South Forest Lake Drive
$329,000
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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...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.
- Listed by David Nasulme • Jubilee Real Estate, Inc.
Property Details for 825 South Forest Lake Drive
Subdivision
None
Fees IncludeNone
ParkingAttached, Carport, Detached, Garage, Garage Door Opener, Off Street, Side/Rear Entrance
LISTING UPDATED: 12/08/2024 01:06 AM
Property Details for 825 South Forest Lake Drive
Status | Active |
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MLS # | 10364963 |
Days on Market | 111 |
Taxes | $1,480 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Duplex |
Year Built | 1965 |
Lot Size | 0.44 AC / 19,166 SF |
County | Bibb County |
Building Information for 825 South Forest Lake Drive
Stories-Residences2Year Built1965Building Size-Lot Size0.44 AC / 19,166 SF
Property Information for 825 South Forest Lake Drive
Property History for 825 South Forest Lake Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 825 South Forest Lake Drive
Taxable ValueLand$9,000Additions$60,246Total$69,246
Tax Record2024$1,759 ($147 / month)
Home Facts
Beds4Baths2Total Finished SqFt2,960 SqFtAbove Grade Finished SqFt2,136 SqFtFinished Basement SqFt824 SqFtStories1Lot Size19,166 SqFtStyleSingle Family ResidenceYear Built1965ZoningR-1AACountyBIBBAPNM052-0070Fireplace TypeHas Fireplace
Schools near 825 South Forest Lake Drive
This home is within Bibb County School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 3 to 12 |
Rating | School | Distance |
---|---|---|
Lane Elementary School PublicPK to 5 | ||
Howard Middle School Public6 to 8 | ||
Howard High School Public9 to 12 | ||
Macon Behavioral Health System Public3 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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