50 Palmer PlRichmond 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
Rental property for sale in Richmond Hill at 50 Palmer Pl, Richmond Hill, GA, 31324 priced at $499,900 converts $3,636/mo rent into $593/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,636/mo, and annual cash flow totals $7,119/yr on $165,717 invested. Return on cash invested prints 24.21% in year one, and rental yield reads 8.73% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 125.75% and total cumulative return in cash sums $208,392. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,636/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.27 Acres lot
$N/A/sqft
No 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: Ana Delgadillo • Salt Marsh Realty LLC
Mls Name: HABR
Mls ID: #163993