232 Stephenson Ave APT 4DSavannahGA31405
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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 232 Stephenson Ave APT 4D, Savannah, GA, 31405 priced at $229,500 converts $2,263/mo rent into $867/mo cash flow after a $1,123/mo obligation. Total monthly income equals $2,263/mo, and annual cash flow totals $10,398/yr on $76,079 invested. Return on cash invested prints 33.58% in year one, and rental yield reads 11.83% against a $229,500 entry. Equity gained on principal adds $1,481/yr, while 5% annual appreciation compiles into $63,407 by year five. Five-year ROI reaches 176.02% and total cumulative return in cash sums $133,914. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,263/mo property income covering a $1,123/mo payment, not borrower’s personal income.
Condo
Built in 1979
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31405, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,515 (100%) |
| Owner Occupied HU | 8,413 (50.9%) |
| Renter Occupied HU | 6,317 (38.3%) |
| Vacant Housing Units | 1,785 (10.8%) |
| Median Home Value | $345,549 |
| Average Home Value | $390,200 |
Housing Distribution
Address Breakdown
Residential
17,218
Single Family
13,960
Multi-Family
3,258
Businesses
1,735
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