516 Channing DrRichmond HillGA31324
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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
Rental property for sale in Richmond Hill at 516 Channing Dr, Richmond Hill, GA, 31324 offers $3,778/mo rent that, after a $3,035/mo payment, leaves $4/mo cash flow. Total monthly income is $3,778/mo, and annual cash flow is $50/yr on $203,980 cash. Return on cash invested measures 20.08% in year one, and rental yield stands at 7.31% at a $620,000 entry. Equity gained on principal adds $4,001/yr while 5% annual appreciation compounds into $171,295 by year five. Five-year ROI records 103.63% and total cumulative return in cash reaches $211,383. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,778/mo property income versus a $3,035/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.50 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
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Listed by: Harold G Meyers • eXp Realty
Mls Name: GAMLS
Mls ID: #10649063