2603 Mississippi 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 2603 Mississippi Ave, Savannah, GA, 31404 offers a 10.65% rental yield on a $209,900 purchase with $1,863/mo rent. Total monthly income registers $1,863/mo, and a $1,027/mo payment leaves $536/mo available for distribution. Annual cash flow reaches $6,436/yr on $69,582 to close, and return on cash invested stands at 29.16% in year one. Equity gained on principal adds $1,354/yr while 5% annual appreciation supports $57,992 over five years. Portfolio math shows five-year ROI at 152.67% and total cumulative return in cash at $106,232. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,863/mo property income against a $1,027/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
4,791 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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Listed by: John R. Carr V • Seaport Real Estate Group
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #321844
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.