2304 Waters AveSavannahGA31404
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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 Savannah at 2304 Waters Ave, Savannah, GA, 31404 earns $262/mo cash flow from $2,203/mo rent with a $1,561/mo payment. Total monthly income totals $2,203/mo, and annual cash flow totals $3,142/yr on $105,749 capital. ROI tracks 22.88% on current figures, and rental yield reads 8.29% at a $319,000 purchase. Equity gained on principal adds $2,058/yr, and 5% annual appreciation supports $88,134 over five years. Five-year ROI reaches 118.64% and total cumulative return in cash sums $125,461. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,203/mo property income instead of your personal income.
Home Type Unknown
Built in 1945
1,481 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31404, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,242 (100%) |
| Owner Occupied HU | 6,061 (42.6%) |
| Renter Occupied HU | 6,816 (47.9%) |
| Vacant Housing Units | 1,365 ( 9.6%) |
| Median Home Value | $242,048 |
| Average Home Value | $317,441 |
Housing Distribution
Address Breakdown
Residential
13,480
Single Family
12,453
Multi-Family
1,027
Businesses
777
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