500 Red Bird DrSpringfieldGA31329
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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 Springfield at 500 Red Bird Dr, Springfield, GA, 31329 uses $72,433 cash to close to unlock $4,723/yr annual cash flow and $394/mo monthly cash flow. Total monthly income runs $1,723/mo, and a $1,069/mo payment keeps the spread at $394/mo. Purchase price stands at $218,500, and rental yield measures 9.46% with $1,723/mo rent. Return on cash invested shows 26.43% in year one, and 5% annual appreciation builds toward $60,368 over five years. Five-year ROI reaches 137.68% and total cumulative return in cash records $99,728. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,723/mo property income covering a $1,069/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31329, Springfield, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,393 (100%) |
| Owner Occupied HU | 3,218 (73.3%) |
| Renter Occupied HU | 906 (20.6%) |
| Vacant Housing Units | 269 ( 6.1%) |
| Median Home Value | $279,257 |
| Average Home Value | $294,037 |
Housing Distribution
Address Breakdown
Residential
3,781
Single Family
3,781
Multi-Family
0
Businesses
289
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Listed by: Melissa Thurston • Summit Homes & Land, LLC
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #319361
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.