408 E 61st StreetSavannahGA31405
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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 408 E 61st Street, Savannah, GA, 31405 earns $67/mo cash flow from $2,638/mo rent with a $2,068/mo payment. Total monthly income totals $2,638/mo, and annual cash flow totals $798/yr on $140,059 capital. ROI tracks 20.48% on current figures, and rental yield reads 7.49% at a $422,500 purchase. Equity gained on principal adds $2,726/yr, and 5% annual appreciation supports $116,729 over five years. Five-year ROI reaches 105.77% and total cumulative return in cash sums $148,140. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,638/mo property income instead of your personal income.
Single Family
Built in 1940
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31405, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,515 (100%) |
| Owner Occupied HU | 8,413 (50.9%) |
| Renter Occupied HU | 6,317 (38.3%) |
| Vacant Housing Units | 1,785 (10.8%) |
| Median Home Value | $345,549 |
| Average Home Value | $390,200 |
Housing Distribution
Address Breakdown
Residential
17,218
Single Family
13,960
Multi-Family
3,258
Businesses
1,735
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