117 Bowman AvenueGarden CityGA31408
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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
Rental property for sale in Garden City at 117 Bowman Avenue, Garden City, GA, 31408 offers $3,665/mo rent that, after a $1,835/mo payment, leaves $1,383/mo cash flow. Total monthly income is $3,665/mo, and annual cash flow is $16,597/yr on $124,313 cash. Return on cash invested measures 33.26% in year one, and rental yield stands at 11.73% at a $375,000 entry. Equity gained on principal adds $2,420/yr while 5% annual appreciation compounds into $103,606 by year five. Five-year ROI records 174.33% and total cumulative return in cash reaches $216,711. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,665/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31408, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,594 (100%) |
| Owner Occupied HU | 1,628 (35.4%) |
| Renter Occupied HU | 2,565 (55.8%) |
| Vacant Housing Units | 401 ( 8.7%) |
| Median Home Value | $222,954 |
| Average Home Value | $323,761 |
Housing Distribution
Address Breakdown
Residential
4,089
Single Family
3,627
Multi-Family
462
Businesses
878
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Listed by: Tobias Craton • Edge Realty Inc
Mls Name: Hive MLS
Mls ID: #SA343838