1506 E 37th StSavannahGA31404
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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 1506 E 37th St, Savannah, GA, 31404 generates $1,257/mo in rent and, after a $783/mo payment, leaves $164/mo in cash flow. Total monthly income is $1,257/mo, and annual cash flow is $1,969/yr on $53,007 invested. Return on cash invested sits at 23.62% in year one, and rental yield is 9.43% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 123.71% and total cumulative return in cash sums $65,574. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,257/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
9,539 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31404, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,242 (100%) |
| Owner Occupied HU | 6,061 (42.6%) |
| Renter Occupied HU | 6,816 (47.9%) |
| Vacant Housing Units | 1,365 ( 9.6%) |
| Median Home Value | $242,048 |
| Average Home Value | $317,441 |
Housing Distribution
Address Breakdown
Residential
13,480
Single Family
12,453
Multi-Family
1,027
Businesses
777
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Listed by: Ralph M. Harvey III • List with Freedom
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #329137
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.