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$264,000

For Sale - Active
1231 Hilltop Dr, Albany, GA 31707
4 Beds
0 Baths
2,696 Square Feet
0.00 Acres Lot
Built in 1965
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Jun 12, 2025 at 04:01AM

Investment Summary


Monthly Cash Flow
-$306
Cap Rate
4.8%
Cash-on-Cash Return
-6.0%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-1.9%

Property Description


0.00 Acres Lot
Built in 1965
For Sale - Active
Units n/a

FOR SALE AT AUCTION: Spacious 2,696 SqFt Brick Home on 0.735 Acres in Albany, GA 1231 Hilltop Drive is a well-maintained 2,696 sq. ft. brick home is situated on two lots totaling 0.735 acres. The main lot boasts mature landscaping and a fenced backyard, while the second lot is a wooded parcel, offering additional privacy, space for outdoor activities, or future possibilities. Inside, you'll find 4 spacious bedrooms, 2 full bathrooms, and the timeless appeal of original hardwood floors-some of which are currently covered by carpet. The home features formal living and dining rooms, a large kitchen, and a comfortable family room, providing ample space for both everyday living and entertaining. Additional highlights include a covered carport, a convenient storage area, and charming curb appeal. Whether you're ready to move in or looking to update to suit your style, this classic property offers endless potential. Important Selling Features: 2,696 Square Foot, 4 Bed / 2 Bath Brick Home 2 Lots totaling .735 Acres of mature trees and landscaping. Well maintained home, ready for updates from new owner. Prominent Neighborhood, Car Port, Fenced Backyard, Hardwood Floors. Property is for sale at auction. Price listed is for reference purposes only. Final price will be determined by competitive online bidding at auction ending TUESDAY, JUNE 17. GA #AU-C003205

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Location


Property Details


Parking

  • Description: Carport
  • Details: Carport
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 1
  • Basement Description: Crawl Space
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Roof Type: Hip
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0000O/00024/021
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial, Ranch
  • Year Built: 1965

Tax Information

  • Annual Tax: $2,355

Utilities

  • Water & Sewer: Public
  • Heating: Central, Forced Air
  • Cooling: Central Air

Location

  • County: Dougherty

Investment Summary


Monthly Cash Flow
-$306
Cap Rate
4.8%
Cash-on-Cash Return
-6.0%
Debt Coverage Ratio
0.77
Internal Rate of Return (5 years)
-1.9%

Purchase Details

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Purchase price:
$264,000
Amount financed:
-$211,200
Down payment:
$52,800
Closing costs:
$7,920
Rehab costs:
$0
Initial cash invested:
$60,720
Square feet:
2,696
Cost per square foot:
$98
Monthly rent per square foot:
$0.67

Financing Details

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Loan amount:
$211,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,352
Property tax:
$196
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,674

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$196-$2,355
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$646-$7,755

Cash Flow


Monthly Yearly
Net operating income:
$1,046 $12,552
Mortgage payments:
-$1,352 -$16,224
Cash flow:
$306 $3,672