123 Spring StSavannahGA31408
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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 Savannah at 123 Spring St, Savannah, GA, 31408 priced at $199,900 pairs $1,461/mo rent with $245/mo cash flow after a $978/mo payment. Total monthly income equals $1,461/mo, and annual cash flow comes to $2,937/yr on $66,267 invested. Return on cash invested is 24.34% in year one, and rental yield stands at 8.77% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 126.49% and total cumulative return in cash reaches $83,821. For financing, Ziffy Mortgage’s DSCR program evaluates $1,461/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1955
0.30 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: Twana O. Nuniss • Neighborhood Realty
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #328002
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.