40 Oak Ridge CirRichmond 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
Rental property for sale in Richmond Hill at 40 Oak Ridge Cir, Richmond Hill, GA, 31324 offers $2,520/mo rent that, after a $1,713/mo payment, leaves $290/mo cash flow. Total monthly income is $2,520/mo, and annual cash flow is $3,479/yr on $116,025 cash. Return on cash invested measures 22.91% in year one, and rental yield stands at 8.64% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 119.15% and total cumulative return in cash reaches $138,242. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,520/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
5,662 sqft lot
$N/A/sqft
$1,200 annually HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $350,000 |
| 2025-03-11 | Listing removed | $2,250 |
| 2024-10-23 | Listed for rent | $2,250 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-23 | $180.00 | N/A | $106,840 | 11.34% |
| 2022-03-23 | $180.00 | -90.57% | $95,960 | 32.54% |
| 2021-03-23 | $1909.04 | 5.59% | $72,400 | 6.78% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1990
- Architectural Style: Traditional
- Building Area: N/A
- Living Area: 1,525 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: N/A
- Interior Features: Breakfast Area, Entrance Foyer, High Ceilings, Pull Down Attic Stairs, Upper Level Primary, Fireplace
- Exterior Features: Patio
- Parking Features: Attached, Garage Door Opener, Storage, RV Access/Parking
Location
- City: Richmond Hill
- State: GA
- Subdivision: Waterford Landing
- Lot Size: 5,662 sqft
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: $1,200 annually
- Association Fee: $1,200 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available, Underground Utilities
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Frances Meeks
- Middle School: RHMS
- High School: RHHS
What's Special
Pull Down Stairs
Listed by: Nicole Midgett • Keller Williams Coastal Area P
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #327747
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.