26 Grove Park DrRichmond 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 26 Grove Park Dr, Richmond Hill, GA, 31324 priced at $379,000 converts $2,825/mo rent into $418/mo cash flow after a $1,855/mo obligation. Total monthly income equals $2,825/mo, and annual cash flow totals $5,020/yr on $125,639 invested. Return on cash invested prints 23.9% in year one, and rental yield reads 8.94% against a $379,000 entry. Equity gained on principal adds $2,446/yr, while 5% annual appreciation compiles into $104,711 by year five. Five-year ROI reaches 124.5% and total cumulative return in cash sums $156,419. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,825/mo property income covering a $1,855/mo payment, not borrower’s personal income.
Single Family
Built in 2020
3,484 sqft lot
$N/A/sqft
$300 quarterly 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: Junior Matthews • LPT Realty LLC
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #329042
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.