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Macon, GA · 6 occupied homes

Macon Six B

Six 2 and 3 bedroom homes across Macon, all leased and professionally managed. Sold together in one closing.

Package price $525,700 $87,600 per home Request the package book
Cap rate
9.0%
Cash-on-cash
10.3%
DSCR
1.47
Rent in place
$5,939/mo
Gross rent multiplier
7.4x

Rent roll

Home Beds / baths Sq ft Built Monthly rent Lease through Allocated price
2982 Laney Ave
Macon
2 / 1 1,030 1956 $1,150 Jun 2027 $104,315
2131 Bayswater Rd
Macon
3 / 1 964 1955 $1,095 Renewal pending $98,819
2628 Nancy Dr
Macon
3 / 1 1,366 1954 $1,075 May 2027 $97,657
947 Burke St
Macon
3 / 2 1,260 1953 $970 Nov 2026 $87,231
1522 Dexter Ave
Macon
2 / 1 1,036 1949 $850 Mar 2027 $74,971
294 Madison St
Macon
2 / 1 1,176 — $799 Mar 2027 $62,675
6 homes $5,939 $525,700

Annual operating statement

Gross rent in place
$71,268
Vacancy and credit loss (5%)
−$3,563
Management (8%)
−$5,417
Property taxes
−$3,859
Insurance
−$3,617
Repairs and maintenance
−$5,701
Capital reserve
−$1,800
Net operating income
$47,310

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
$394,300
Down payment
$131,400
Points (1.5%) and closing ($1,500/home)
$14,900
Total cash in
$146,300
Annual loan payments
−$32,275
Cash flow after loan payments
$15,035
Cash-on-cash return
10.3%

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−$5,417$0
Net operating income$47,310$52,727
Cap rate at asking price9.0%10.0%
Cash flow after loan payments$15,035$20,452
Cash-on-cash return10.3%14.0%
DSCR1.471.63

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