Private Sale – Owner Finance – Macon GA

Subject-to in Macon, GA (Bibb county)

Asking Price: Down payment of $32,500 to close (can refinance in maximum of 3 years or purchase all cash to get them out of the deal {total mortgage payoff $535,000})

Total Value: $619,321
Monthly Mortgage Payment: $4310.98 (approximately)

CAP rate: 9% (without management fees)

Current Rental Income- $8,984.00 (5 are vacant)

Potential Rental Income- $10,845 (after vacancies are filled)
Annual Taxes- $10,223.72
Management fees- $896.40
Total Repairs:$4,250 (basic cosmetic rehab of 2 broken windows, paint, and carpet for other three houses)

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