232 Coby LnRichmond 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 232 Coby Ln, Richmond Hill, GA, 31324 priced at $362,900 converts $2,566/mo rent into $280/mo cash flow after a $1,776/mo obligation. Total monthly income equals $2,566/mo, and annual cash flow totals $3,354/yr on $120,301 invested. Return on cash invested prints 22.7% in year one, and rental yield reads 8.48% against a $362,900 entry. Equity gained on principal adds $2,342/yr, while 5% annual appreciation compiles into $100,263 by year five. Five-year ROI reaches 117.96% and total cumulative return in cash sums $141,908. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,566/mo property income covering a $1,776/mo payment, not borrower’s personal income.
Single Family
Built in 2022
8,712 sqft lot
$N/A/sqft
$780 annually 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: Mackenzie A. Jodoin • Keller Williams Coastal Area P
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #SA331569
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.