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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Savannah at 153 Cormorant Way, Savannah, GA, 31419 offers a 9.92% rental yield on a $315,000 purchase with $2,604/mo rent. Total monthly income registers $2,604/mo, and a $1,542/mo payment leaves $644/mo available for distribution. Annual cash flow reaches $7,723/yr on $104,423 to close, and return on cash invested stands at 27.31% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 142.55% and total cumulative return in cash at $148,853. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,604/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.49 Acres lot
$N/A/sqft
$43 monthly HOA
Neighborhood data shown for ZIP Code: 31419, Savannah, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,783 (100%) |
| Owner Occupied HU | 13,417 (52.0%) |
| Renter Occupied HU | 10,374 (40.2%) |
| Vacant Housing Units | 1,992 ( 7.7%) |
| Median Home Value | $319,085 |
| Average Home Value | $370,915 |
Residential
24,536
Single Family
18,502
Multi-Family
6,034
Businesses
756
Date | Event | Price |
|---|---|---|
| 2025-05-22 | Listed for sale | $315,000 |
| 2018-11-28 | Sold | $175,000 |
| 2018-10-30 | Pending sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-23 | $2472.13 | 35.13% | $112,600 | 15.75% |
| 2023-05-23 | $1829.49 | -22.15% | $97,280 | 7.75% |
| 2022-05-23 | $2350.16 | -1.21% | $90,280 | 20.63% |
What's Special
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Listed by: Susan C. Dailey • Realty One Group Inclusion
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #SA331446
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.
