295 Lancaster WayRichmond 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
Investment property for sale in Richmond Hill at 295 Lancaster Way, Richmond Hill, GA, 31324 uses $112,379 cash to close to unlock $4,824/yr annual cash flow and $402/mo monthly cash flow. Total monthly income runs $2,465/mo, and a $1,659/mo payment keeps the spread at $402/mo. Purchase price stands at $339,000, and rental yield measures 8.73% with $2,465/mo rent. Return on cash invested shows 24.2% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 125.77% and total cumulative return in cash records $141,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,465/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 2003
7,405 sqft lot
$N/A/sqft
No 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: Lani H. Moore • Moore Properties
Mls Name: Hive MLS
Mls ID: #SA346117