16 Old Martin LnRichmond 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
Investment property for sale in Richmond Hill at 16 Old Martin Ln, Richmond Hill, GA, 31324 earns $277/mo cash flow from $2,915/mo rent with a $2,041/mo payment. Total monthly income totals $2,915/mo, and annual cash flow totals $3,325/yr on $138,236 capital. ROI tracks 22.31% on current figures, and rental yield reads 8.39% at a $417,000 purchase. Equity gained on principal adds $2,691/yr, and 5% annual appreciation supports $115,209 over five years. Five-year ROI reaches 115.95% and total cumulative return in cash sums $160,285. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,915/mo property income instead of your personal income.
Single Family
Built in 1992
0.64 Acres lot
$N/A/sqft
$100 monthly 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 |
|---|---|---|
| 2025-07-02 | Listed for sale | $417,000 |
| 2025-05-22 | Listing removed | $439,000 |
| 2025-04-25 | Price change | $439,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-03 | $3123.38 | -8.86% | $128,440 | -8.39% |
| 2023-07-03 | $3427.05 | -0.89% | $140,200 | 1.48% |
| 2022-07-03 | $3457.75 | 47.92% | $138,160 | 53.78% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1992
- Architectural Style: Ranch
- Building Area: 1,922
- Living Area: 1,922 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: Dining/Living Combo, Eat-in Kitchen
- Exterior Features: Renovated
- Parking Features: Garage
Location
- City: Richmond Hill
- State: GA
- Subdivision: Tivoli Marsh
- Lot Size: 0.64 Acres
- Lot Features: Landscaped
- View: N/A
HOA & Fees
- HOA Fee: $100 monthly
- Association Fee: $100 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Septic Tank
- Water Source: Community Water
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Angela Powell • Exit Team Realty
Mls Name: HABR
Mls ID: #161131
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.