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Macon, GA · 6 occupied homes

Macon Six A

Six 3 bedroom homes across Macon, all leased and professionally managed. Sold together in one closing.

Package price $492,100 $82,000 per home Request the package book
Cap rate
9.0%
Cash-on-cash
10.2%
DSCR
1.47
Rent in place
$5,739/mo
Gross rent multiplier
7.2x

Rent roll

Home Beds / baths Sq ft Built Monthly rent Lease through Allocated price
2700 Bob O Link Dr
Macon
3 / 1 1,433 1955 $1,305 May 2027 $108,830
2780 Skyline Dr
Macon
3 / 1 1,528 1951 $1,110 Apr 2027 $93,740
3430 Charleston Cir
Macon
3 / 1 1,154 1960 $1,000 Feb 2027 $80,927
4069 Blair Ct
Macon
3 / 1 864 1964 $825 May 2027 $72,965
3961 Blair Ct
Macon
3 / 1 900 1954 $800 Dec 2026 $73,992
1212 Hartley St
Macon
3 / 1 1,072 1945 $699 Aug 2027 $61,633
6 homes $5,739 $492,100

Annual operating statement

Gross rent in place
$68,868
Vacancy and credit loss (5%)
−$3,443
Management (8%)
−$5,233
Property taxes
−$3,337
Insurance
−$4,331
Repairs and maintenance
−$6,435
Capital reserve
−$1,800
Net operating income
$44,288

Taxes and insurance are current figures. A sale may change the tax assessment, and your own landlord policy may differ.

With typical financing

Loan, 75% at 7.25%, 30 years
$369,100
Down payment
$123,000
Points (1.5%) and closing ($1,500/home)
$14,500
Total cash in
$137,600
Annual loan payments
−$30,213
Cash flow after loan payments
$14,075
Cash-on-cash return
10.2%

Managed or self-managed

Same price and financing either way. Keep Keystone managing at 8% of rent, or take over management yourself and keep the fee. Self-managed figures do not count your own time or leasing costs.

ManagedSelf-managed
Management fee−$5,233$0
Net operating income$44,288$49,521
Cap rate at asking price9.0%10.1%
Cash flow after loan payments$14,075$19,308
Cash-on-cash return10.2%14.0%
DSCR1.471.64

Included in the package book

Sent after a short confidentiality agreement.

  • Signed leases and the current rent roll
  • 12 months of rent collected per home
  • Property tax bills and insurance history
  • Repair and maintenance history
  • Photos