23 Morningside DrSavannahGA31410
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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 Savannah at 23 Morningside Dr, Savannah, GA, 31410 priced at $1,525,000 converts $2,394/mo rent into after a $7,464/mo obligation. Total monthly income equals $2,394/mo. Return on cash invested prints 3.64% in year one, and rental yield reads 1.88% against a $1,525,000 entry. Equity gained on principal adds $9,841/yr, while 5% annual appreciation compiles into $421,329 by year five. Five-year ROI reaches 15.38% and total cumulative return in cash sums $75,984. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,394/mo property income covering a $7,464/mo payment, not borrower’s personal income.
Single Family
Built in 2020
2.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31410, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,695 (100%) |
| Owner Occupied HU | 7,687 (71.9%) |
| Renter Occupied HU | 2,314 (21.6%) |
| Vacant Housing Units | 694 ( 6.5%) |
| Median Home Value | $432,337 |
| Average Home Value | $541,043 |
Housing Distribution
Address Breakdown
Residential
10,766
Single Family
9,108
Multi-Family
1,658
Businesses
549
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Listed by: Liza DiMarco • Compass Georgia, LLC
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #321267
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.