411 Southbridge Blvd UNIT 404SavannahGA31405
INVESTMENT ANALYSIS
Investment Verdict
Solid Income411 Southbridge Blvd UNIT 404, Savannah, GA, 31405 in Savannah carries a 1.53 coverage ratio, rent of $2,681/mo is 1.53 times the $1,754/mo payment. Rental yield 8.25%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $389,999 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $107,750; total projected cumulative return: $137,029.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.5% |
| Monthly Cash Flow | $(200) | $285 |
City averages based on Savannah market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,681 |
| Total Monthly Debt Service | $2,726 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2003
1,306 sqft lot
$N/A/sqft
$400 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2003
1,306 sqft lot
$N/A/sqft
$400 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason E. Bragg • Next Move Real Estate LLC
Mls Name: Hive MLS
Mls Provider:
Mls ID: #SA335840
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.