15 Reed Grass LnSavannahGA31405
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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 15 Reed Grass Ln, Savannah, GA, 31405 priced at $1,075,000 converts $3,655/mo rent into after a $5,262/mo obligation. Total monthly income equals $3,655/mo. Return on cash invested prints 10.16% in year one, and rental yield reads 4.08% against a $1,075,000 entry. Equity gained on principal adds $6,937/yr, while 5% annual appreciation compiles into $297,003 by year five. Five-year ROI reaches 50.44% and total cumulative return in cash sums $175,674. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,655/mo property income covering a $5,262/mo payment, not borrower’s personal income.
Single Family
Built in 2021
0.43 Acres lot
$N/A/sqft
$646 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31405, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,515 (100%) |
| Owner Occupied HU | 8,413 (50.9%) |
| Renter Occupied HU | 6,317 (38.3%) |
| Vacant Housing Units | 1,785 (10.8%) |
| Median Home Value | $345,549 |
| Average Home Value | $390,200 |
Housing Distribution
Address Breakdown
Residential
17,218
Single Family
13,960
Multi-Family
3,258
Businesses
1,735
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Listed by: William Boyd • The Landings Company
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #SA331847
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.