50 Cane Patch LnRichmond HillGA31324
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
Investment Highlights
Investment property for sale in Richmond Hill at 50 Cane Patch Ln, Richmond Hill, GA, 31324 uses $264,845 cash to close to unlock $3,273/yr annual cash flow and $273/mo monthly cash flow. Total monthly income runs $5,392/mo, and a $3,940/mo payment keeps the spread at $273/mo. Purchase price stands at $805,000, and rental yield measures 8.04% with $5,392/mo rent. Return on cash invested shows 21.3% in year one, and 5% annual appreciation builds toward $222,407 over five years. Five-year ROI reaches 110.47% and total cumulative return in cash records $292,565. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,392/mo property income covering a $3,940/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.28 Acres lot
$N/A/sqft
$2,640 annually HOA
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melanie D. Kramer • Keller Williams Realty Coastal
Mls Name: GAMLS
Mls Provider:
Mls ID: #10352362
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.