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Macon, GA · 6 occupied homes

Macon Six C

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

Package price $466,800 $77,800 per home Request the package book
Cap rate
9.0%
Cash-on-cash
10.2%
DSCR
1.47
Rent in place
$5,395/mo
Gross rent multiplier
7.2x

Rent roll

Home Beds / baths Sq ft Built Monthly rent Lease through Allocated price
1533 Walnut St
Macon
3 / 1 972 1990 $1,120 Jun 2027 $98,688
1367 Canterbury Rd
Macon
2 / 1 1,173 1954 $1,025 Mar 2027 $88,244
1279 Macon Ave
Macon
3 / 1 1,296 1944 $1,000 Dec 2026 $87,165
2122 Monroe Ave
Macon
3 / 2 1,008 1950 $875 Nov 2026 $79,952
2512 Derrell Dr
Macon
2 / 1 999 1954 $825 Mar 2027 $69,111
696 Trinity Pl
Macon
2 / 1 832 1938 $550 Aug 2027 $43,620
6 homes $5,395 $466,800

Annual operating statement

Gross rent in place
$64,740
Vacancy and credit loss (5%)
−$3,237
Management (8%)
−$4,920
Property taxes
−$3,871
Insurance
−$3,235
Repairs and maintenance
−$5,665
Capital reserve
−$1,800
Net operating income
$42,011

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
$350,100
Down payment
$116,700
Points (1.5%) and closing ($1,500/home)
$14,300
Total cash in
$130,900
Annual loan payments
−$28,659
Cash flow after loan payments
$13,352
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−$4,920$0
Net operating income$42,011$46,931
Cap rate at asking price9.0%10.1%
Cash flow after loan payments$13,352$18,272
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