2902 River Dr APT B301SavannahGA31404
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play2902 River Dr APT B301, Savannah, GA, 31404 in Savannah is priced for appreciation, not yield. Rental yield 2.95%. At $877,500 with a 2.95% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $242,437 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.55) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $91,696.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3% | 6.5% |
| Monthly Cash Flow | $(3,781) | $285 |
City averages based on Savannah market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,160 |
| Total Monthly Debt Service | $5,591 |
| DSCR Ratio | 0.39x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2000
871.20 sqft lot
$N/A/sqft
$600 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2000
871.20 sqft lot
$N/A/sqft
$600 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices