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$125,000

For Sale - Active
406 Holly Dr, Albany, GA 31705
3 Beds
0 Baths
1,476 Square Feet
0.00 Acres Lot
Built in 1959
For Sale - Active
Units n/a
Checked: 18 hours ago
Updated: Apr 24, 2025 at 05:08AM

Investment Summary


Monthly Cash Flow
$170
Cap Rate
7.8%
Cash-on-Cash Return
7.1%
Debt Coverage Ratio
1.27
Internal Rate of Return (5 years)
10.9%

Property Description


0.00 Acres Lot
Built in 1959
For Sale - Active
Units n/a

Don't miss out on this beautiful home in the Radium Springs. Conveniently located near ASU East Campus with just an 8-minute drive, this 3-bedroom 2-bath home has what you are looking for. Features include: Carpet and vinyl throughout, with an open kitchen, and a metal roof. Enjoy relaxing evenings on the patio as well as a lovely view of the backyard from the master bedroom & kitchen. Tenant Occupied - Can be shown during due diligence period.

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Location


Property Details


Parking

  • Description: Parking Pad
  • Details: Parking Pad
  • 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 Rooms: 5
  • # of Stories: 1
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Concrete Block
  • Roof Type: Gable
  • Roof Material: Metal

Land Information

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

Lot Information

  • Parcel ID: 00008/00007/003
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Craftsman
  • Year Built: 1959

Tax Information

  • Annual Tax: $1,046

Utilities

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

Location

  • County: Dougherty

Investment Summary


Monthly Cash Flow
$170
Cap Rate
7.8%
Cash-on-Cash Return
7.1%
Debt Coverage Ratio
1.27
Internal Rate of Return (5 years)
10.9%

Purchase Details

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Purchase price:
$125,000
Amount financed:
-$100,000
Down payment:
$25,000
Closing costs:
$3,750
Rehab costs:
$0
Initial cash invested:
$28,750
Square feet:
1,476
Cost per square foot:
$85
Monthly rent per square foot:
$0.88

Financing Details

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Loan amount:
$100,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$640
Property tax:
$87
Insurance:
$91
Private mortgage insurance (PMI):
$0
Monthly payment:
$818

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: (7%)
7%-$87-$1,047
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: (32%)
32%-$412-$4,947

Cash Flow


Monthly Yearly
Net operating income:
$810 $9,720
Mortgage payments:
-$640 -$7,680
Cash flow:
$170 $2,040