114 Cottage CtRichmond HillGA31324
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Richmond Hill at 114 Cottage Ct, Richmond Hill, GA, 31324 offers a 8.31% rental yield on a $349,800 purchase with $2,422/mo rent. Total monthly income registers $2,422/mo, and a $1,712/mo payment leaves $266/mo available for distribution. Annual cash flow reaches $3,188/yr on $115,959 to close, and return on cash invested stands at 22.66% in year one. Equity gained on principal adds $2,257/yr while 5% annual appreciation supports $96,643 over five years. Portfolio math shows five-year ROI at 117.56% and total cumulative return in cash at $136,319. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,422/mo property income against a $1,712/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
8,712 sqft lot
$N/A/sqft
$330 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31324, Richmond Hill, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,959 (100%) |
| Owner Occupied HU | 10,365 (69.3%) |
| Renter Occupied HU | 3,421 (22.9%) |
| Vacant Housing Units | 1,173 ( 7.8%) |
| Median Home Value | $389,566 |
| Average Home Value | $434,971 |
Housing Distribution
Address Breakdown
Residential
13,778
Single Family
12,700
Multi-Family
1,078
Businesses
1,015
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Listed by: Steven C. Hewitt • Realty One Group Inclusion
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #317594
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.