171 Hanover PlRichmond 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 171 Hanover Pl, Richmond Hill, GA, 31324 offers a 11.82% rental yield on a $516,900 purchase with $5,092/mo rent. Total monthly income registers $5,092/mo, and a $2,530/mo payment leaves $1,884/mo available for distribution. Annual cash flow reaches $22,602/yr on $170,060 to close, and return on cash invested stands at 33.35% in year one. Equity gained on principal adds $3,335/yr while 5% annual appreciation supports $142,810 over five years. Portfolio math shows five-year ROI at 174.93% and total cumulative return in cash at $297,478. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,092/mo property income against a $2,530/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
7,840 sqft lot
$N/A/sqft
$750 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 |
|---|---|---|
| 2024-08-09 | Price change | $516,900 |
| 2024-08-06 | Price change | $526,900 |
| 2024-07-24 | Price change | $516,900 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2024
- Architectural Style: Traditional
- Building Area: N/A
- Living Area: 2,389 sqft
- Property Condition: New Construction
Features & Amenities
- Heating: Central, Electric, Heat Pump
- Cooling: Central Air, Electric, Heat Pump
- Flooring: N/A
- Interior Features: Attic, Breakfast Area, Tray Ceiling(s), Double Vanity, Gourmet Kitchen, Garden Tub/Roman Tub, High Ceilings, Kitchen Island, Main Level Primary, Pantry, Pull Down Attic Stairs, Recessed Lighting, Separate Shower
- Exterior Features: Porch, Patio
- Parking Features: Attached, Garage Door Opener
Location
- City: Richmond Hill
- State: GA
- Subdivision: Wexford
- Lot Size: 7,840 sqft
- Lot Features: Back Yard, Cul-De-Sac, Private
- View: N/A
HOA & Fees
- HOA Fee: $750 annually
- Association Fee: $750 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available, Underground Utilities
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Asphalt
School Information
- Elementary School: McAllister
- Middle School: RHM
- High School: RHH
What's Special
Pull Down Stairs
Listed by: Craig E. Anderson • Landmark 24 Realty, Inc
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #311740
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.