3005 River Dr APT 510SavannahGA31404
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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 3005 River Dr APT 510, Savannah, GA, 31404 uses $144,203 cash to close to unlock $7,411/yr annual cash flow and $618/mo monthly cash flow. Total monthly income runs $3,265/mo, and a $2,129/mo payment keeps the spread at $618/mo. Purchase price stands at $435,000, and rental yield measures 9.01% with $3,265/mo rent. Return on cash invested shows 25.05% in year one, and 5% annual appreciation builds toward $120,182 over five years. Five-year ROI reaches 130.28% and total cumulative return in cash records $187,860. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,265/mo property income covering a $2,129/mo payment rather than investor’s personal income.
Condo
Built in 1995
496.58 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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