183 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
Rental property for sale in Richmond Hill at 183 Hanover Pl, Richmond Hill, GA, 31324 priced at $536,890 converts $3,539/mo rent into $209/mo cash flow after a $2,628/mo obligation. Total monthly income equals $3,539/mo, and annual cash flow totals $2,505/yr on $176,637 invested. Return on cash invested prints 21.48% in year one, and rental yield reads 7.91% against a $536,890 entry. Equity gained on principal adds $3,464/yr, while 5% annual appreciation compiles into $148,333 by year five. Five-year ROI reaches 111.24% and total cumulative return in cash sums $196,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,539/mo property income covering a $2,628/mo payment, not borrower’s personal income.
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 |
|---|---|---|
| 2025-07-02 | Price change | $536,890 |
| 2025-06-06 | Price change | $541,890 |
| 2025-05-20 | Price change | $546,890 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-05 | $540.34 | N/A | $24,000 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2024
- Architectural Style: Traditional
- Building Area: N/A
- Living Area: 2,956 sqft
- Property Condition: New Construction
Features & Amenities
- Heating: Central, Electric, Heat Pump
- Cooling: Central Air, Electric, Heat Pump, Zoned
- Flooring: N/A
- Interior Features: Breakfast Bar, Breakfast Area, Bathtub, Ceiling Fan(s), Double Vanity, Garden Tub/Roman Tub, High Ceilings, Kitchen Island, Pantry, Pull Down Attic Stairs, Recessed Lighting, Separate Shower, Upper Level Primary
- Exterior Features: Covered Patio, Patio
- Parking Features: Attached, Garage Door Opener
Location
- City: Richmond Hill
- State: GA
- Subdivision: Wexford
- Lot Size: 7,840 sqft
- Lot Features: Sprinkler System
- 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, Paved
School Information
- Elementary School: Frances Meeks
- Middle School: RHM
- High School: RHH
What's Special
Pull Down Stairs
Listed by: Kindra B. Fletcher • Landmark 24 Realty, Inc
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #304378
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.