179 Byron DrRichmond 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
Rental property for sale in Richmond Hill at 179 Byron Dr, Richmond Hill, GA, 31324 priced at $450,000 converts $2,931/mo rent into $192/mo cash flow after a $2,203/mo obligation. Total monthly income equals $2,931/mo, and annual cash flow totals $2,301/yr on $149,175 invested. Return on cash invested prints 21.45% in year one, and rental yield reads 7.82% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 110.98% and total cumulative return in cash sums $165,558. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,931/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 2010
9,583 sqft lot
$N/A/sqft
No HOA
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
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Listed by: Drew Doheny • Re/Max Accent
Mls Name: Hive MLS
Mls ID: #330126