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$29,900

For Sale - Active
2575 Richard St, Macon, GA 31204
3 Beds
0 Baths
1,408 Square Feet
0.00 Acres Lot
Built in 1948
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Jun 23, 2025 at 03:12AM

Investment Summary


Monthly Cash Flow
$874
Cap Rate
35.1%
Cash-on-Cash Return
34.1%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
37.3%

Property Description


0.00 Acres Lot
Built in 1948
For Sale - Active
Units n/a

INVESTOR SPECIAL!!! Here is your chance to unlock the potential of this 3 Bedroom, 2 Bathroom ranch-style home, perfect for your next fix-and-flip, rental, or renovation project. While the interior is ready for updates, the home already features NEW Plumbing, NEW Wiring, and a NEW Roof, giving you a solid head start on the transformation! Situated in a growing area with convenient access to shopping, dining, and major roadways, this property is ideal for investors looking to add value and build equity. Sold AS-IS. No Disclosures. The Lot next door, 2571 Richard St, is also for sale!! Schedule your viewing today and bring your vision to life!

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Location


Property Details


Parking

  • Description: Parking Pad
  • Details: None
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 1
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Other

Land Information

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

Lot Information

  • Parcel ID: P0810290
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick 4 Side, Ranch
  • Year Built: 1948

Tax Information

  • Annual Tax: $281

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Other

Location

  • County: Bibb

Investment Summary


Monthly Cash Flow
$874
Cap Rate
35.1%
Cash-on-Cash Return
34.1%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
37.3%

Purchase Details

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Purchase price:
$29,900
Amount financed:
$0
Down payment:
$29,900
Closing costs:
$897
Rehab costs:
$0
Initial cash invested:
$30,797
Square feet:
1,408
Cost per square foot:
$21
Monthly rent per square foot:
$0.92

Financing Details

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Loan amount:
$0

Financing is not included in this analysis because the purchase price is under $75,000. Most lenders have minimum loan amounts and typically do not provide financing for properties below this threshold. However, if you’d like to include financing, you can customize the value through the Customize Inputs tab.

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,300 $15,600
Vacancy loss: (6%)
6% -$78 -$936
Operating income:
$1,222 $14,664

Operating Expenses


% Rent Monthly Yearly
Property taxes: (2%)
2%-$23-$281
Insurance: (7%)
7%-$91-$1,092
Property management: (8%)
8%-$104-$1,248
Repairs & maintenance: (5%)
5%-$65-$780
Capital expenditures: (5%)
5%-$65-$780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (27%)
27%-$348-$4,181

Cash Flow


Monthly Yearly
Net operating income:
$874 $10,488
Mortgage payments:
$0 $0
Cash flow:
$874 $10,488