4 Covey Point LnSavannahGA31411
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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 Savannah at 4 Covey Point Ln, Savannah, GA, 31411 generates $5,168/mo in rent and, after a $3,402/mo payment, leaves $743/mo in cash flow. Total monthly income is $5,168/mo, and annual cash flow is $8,918/yr on $228,655 invested. Return on cash invested sits at 23.96% in year one, and rental yield is 8.92% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 124.78% and total cumulative return in cash sums $285,318. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,168/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
0.55 Acres lot
$N/A/sqft
$2,245 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31411, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,616 (100%) |
| Owner Occupied HU | 4,068 (88.1%) |
| Renter Occupied HU | 232 ( 5.0%) |
| Vacant Housing Units | 316 ( 6.8%) |
| Median Home Value | $724,395 |
| Average Home Value | $781,969 |
Housing Distribution
Address Breakdown
Residential
4,786
Single Family
4,508
Multi-Family
278
Businesses
74
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Listed by: George S. Cohen • Engel & Volkers
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #319385
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.