3558 Morgan Dr Macon, GA 31204
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About this home
A beautifully refreshed investment property in the heart of Macon, Georgia! 3558 Morgan Drive is a 3-bedroom, 1-bath single-family home that combines turnkey income with meaningful long-term upside. Renovated in January 2024, the home features thoughtful interior updates and a converted garage that adds versatility for additional living space, storage, or a home office. Set on a generous 7,405 sq ft lot, this property offers steady cash flow and low annual expenses, making it an ideal addition to any income portfolio. With current rent below market value, investors will find a clear opportunity to increase revenue at lease renewal, further improving already strong returns. The property’s projected cap rate of 9–10 percent reflects both current performance and future growth potential as the Macon rental market continues to strengthen. Macon remains one of Georgia’s most compelling secondary markets, prized for its affordability, accessibility, and expanding economic base. Located less than ninety minutes from Atlanta and connected by multiple interstates, Macon offers the best of both worlds—small-city livability with big-city proximity. The city’s ongoing revitalization, strong rental demand, and rising property values continue to attract investors seeking reliable cash flow and appreciation potential across the region. 3558 Morgan Dr. is part of a fully leased, 14-door turnkey investment portfolio representing a collection of carefully renovated, income-producing homes throughout Macon. While individual property sales will be considered, preference is given to buyers seeking to acquire the portfolio in its entirety—an opportunity to scale efficiently, streamline management, and secure a balanced mix of duplex and single-family assets. Whether you are a seasoned investor expanding your holdings or entering the Georgia market for the first time, this property delivers immediate stability, measurable upside, and long-term value.
Source: FMLS #7673940
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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