514 Red Bird DrSpringfieldGA31329
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 Springfield at 514 Red Bird Dr, Springfield, GA, 31329 offers $1,678/mo rent that, after a $915/mo payment, leaves $540/mo cash flow. Total monthly income is $1,678/mo, and annual cash flow is $6,482/yr on $61,991 cash. Return on cash invested measures 30.37% in year one, and rental yield stands at 10.77% at a $187,000 entry. Equity gained on principal adds $1,207/yr while 5% annual appreciation compounds into $51,665 by year five. Five-year ROI records 158.86% and total cumulative return in cash reaches $98,478. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,678/mo property income versus a $915/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
0.64 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: Toni Hardigree • Platinum Properties
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #324750
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.