14 Salt Grass CirRichmond 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
Rental property for sale in Richmond Hill at 14 Salt Grass Cir, Richmond Hill, GA, 31324 priced at $480,000 converts $5,258/mo rent into $2,237/mo cash flow after a $2,349/mo obligation. Total monthly income equals $5,258/mo, and annual cash flow totals $26,844/yr on $159,120 invested. Return on cash invested prints 36.78% in year one, and rental yield reads 13.15% against a $480,000 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,615 by year five. Five-year ROI reaches 193.44% and total cumulative return in cash sums $307,805. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,258/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 2013
7,840 sqft lot
$N/A/sqft
$1,200 annually HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-03 | Price change | $480,000 |
| 2024-08-21 | Listed for sale | $500,000 |
| 2022-03-01 | Sold | $395,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | $3900.30 | 18.58% | $150,680 | 14.92% |
| 2022-09-15 | $3289.12 | 10.72% | $131,120 | 13.43% |
| 2021-09-15 | $2970.63 | 1.25% | $115,600 | 2.26% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2013
- Architectural Style: Traditional
- Building Area: N/A
- Living Area: 2,902 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric, Heat Pump
- Cooling: Central Air, Electric
- Flooring: N/A
- Interior Features: Breakfast Bar, Breakfast Area, Ceiling Fan(s), Double Vanity, Entrance Foyer, Garden Tub/Roman Tub, Primary Suite, Pantry, Separate Shower, Upper Level Primary
- Exterior Features: N/A
- Parking Features: Attached, Garage Door Opener
Location
- City: Richmond Hill
- State: GA
- Subdivision: Dunham Marsh
- Lot Size: 7,840 sqft
- Lot Features: Back Yard, Private, Sprinkler System
- View: N/A
HOA & Fees
- HOA Fee: $1,200 annually
- Association Fee: $1,200 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Underground Utilities
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Heather Murphy • Keller Williams Coastal Area P
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #317476
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.