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$850,000

For Sale - Active
973 Fieldstone Dr, Macon, GA 31210
4 Beds
3.5 Baths
3,584 Square Feet
0.00 Acres Lot
Built in 1977
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Aug 25, 2025 at 06:30PM

Investment Summary


Monthly Cash Flow
-$2,739
Cap Rate
2.3%
Cash-on-Cash Return
-16.8%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.3%

Property Description


0.00 Acres Lot
Built in 1977
For Sale - Active
Units n/a

A COUNTRY ESTATE IN THE CITY! Rare find in desirable Fieldstone. This charming home is tucked away at the very back of this quiet neighborhood in North Macon. This is a one owner home built for this horse loving family so you will find a tranquil pasture and barn on the three beautiful acres with views of the neighboring pond. The home is cedar siding and blends in to the lovely landscaping and giant hardwoods that surround the home. Inside you'll find that the spacious living room and dining room have gorgeous hardwood floors. The family room has a large wood burning fireplace with an old timber mantel and built in bookcases. The kitchen has a professional size range, big pantry and solid surface counters. The primary bedroom suite is a more recent addition and boasts an office with tin ceiling, bedroom with soaring vaulted ceiling, hardwood floors, gas fireplace, built-in book case and its own private porch overlooking beautiful gardens that bloom throughout the year. The ensuite bath is huge with garden tub, walk in tiled shower, two separate vanities and his and hers closets. Upstairs you'll find 3 more bedrooms and 2 full baths. Take a stroll along the paths that lead you through the lovingly planted gardens and you will fall in love with this home.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached, Garage, Garage Door Opener, Parking Pad
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.5

Interior Features

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

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Block, Pillar/Post/Pier
  • Roof Type: Gable
  • Roof Material: Other

Land Information

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

Lot Information

  • Parcel ID: K0060184
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 1977

Tax Information

  • Annual Tax: $4,632

Utilities

  • Water & Sewer: Public
  • Heating: Central, Heat Pump
  • Cooling: Central Air, Electric

Location

  • County: Bibb

Listing Details


Listed by:
Laura Bechtel
Sheridan Solomon & Associates
(478) 746-2000

Source:
Georgia MLS
MLS#: 10588864
Georgia MLS

Investment Summary


Monthly Cash Flow
-$2,739
Cap Rate
2.3%
Cash-on-Cash Return
-16.8%
Debt Coverage Ratio
0.37
Internal Rate of Return (5 years)
-12.3%

Purchase Details

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Purchase price:
$850,000
Amount financed:
-$680,000
Down payment:
$170,000
Closing costs:
$25,500
Rehab costs:
$0
Initial cash invested:
$195,500
Square feet:
3,584
Cost per square foot:
$237
Monthly rent per square foot:
$0.81

Financing Details

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Loan amount:
$680,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,354
Property tax:
$386
Insurance:
$203
Private mortgage insurance (PMI):
$0
Monthly payment:
$4,943

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,900 $34,800
Vacancy loss: (6%)
6% -$174 -$2,088
Operating income:
$2,726 $32,712

Operating Expenses


% Rent Monthly Yearly
Property taxes: (13%)
13%-$386-$4,632
Insurance: (7%)
7%-$203-$2,436
Property management: (8%)
8%-$232-$2,784
Repairs & maintenance: (5%)
5%-$145-$1,740
Capital expenditures: (5%)
5%-$145-$1,740
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (38%)
38%-$1,111-$13,332

Cash Flow


Monthly Yearly
Net operating income:
$1,615 $19,380
Mortgage payments:
-$4,354 -$52,248
Cash flow:
$2,739 $32,868