200 Old Mill Rd W, Richmond Hill, GA, 31324 | 7.29% Rental Yield

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200 Old Mill Rd W, Richmond Hill, GA, 31324 | 7.29% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Richmond Hill at 200 Old Mill Rd W, Richmond Hill, GA, 31324 priced at $414,900 pairs $2,520/mo rent with after a $2,031/mo payment. Total monthly income equals $2,520/mo. Return on cash invested is 19.86% in year one, and rental yield stands at 7.29% on a $414,900 basis. Equity gained on principal adds $2,677/yr, and 5% annual appreciation accumulates to $114,629 by year five. Five-year ROI measures 102.46% and total cumulative return in cash reaches $140,918. For financing, Ziffy Mortgage’s DSCR program evaluates $2,520/mo property income against a $2,031/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1970

0.71 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 200 Old Mill Rd W in the Belfast River community, an established deep-water neighborhood with a private boat ramp and dock. This 3 bed/3 bath home offers true coastal living with a private backyard featuring an inground 40x20 pool, covered patio, and beautiful landscaping perfect for entertaining. Inside, the welcoming foyer opens to a formal living and dining area with a wood-burning fireplace. The dining room could also make a great office area! The kitchen with island and breakfast nook flows into a cozy den with built-ins and a gas fireplace, while the sunroom overlooks the pool and extends to the covered porch. The custom master suite features a fireplace, walk-in closet, and spa-like bath with jetted tub, separate shower, and dual vanities. Two guest rooms include one with a private bath. Extras include a large laundry room, double-pane windows, a newer roof, a 32x20 workshop, and an irrigation system. Enjoy the perfect blend of comfort and relaxed coastal living.

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