54 Memory 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
Rental property for sale in Richmond Hill at 54 Memory Ln, Richmond Hill, GA, 31324 priced at $419,500 pairs $2,915/mo rent with $312/mo cash flow after a $2,053/mo payment. Total monthly income equals $2,915/mo, and annual cash flow comes to $3,745/yr on $139,064 invested. Return on cash invested is 22.6% in year one, and rental yield stands at 8.34% on a $419,500 basis. Equity gained on principal adds $2,707/yr, and 5% annual appreciation accumulates to $115,900 by year five. Five-year ROI measures 117.33% and total cumulative return in cash reaches $163,170. For financing, Ziffy Mortgage’s DSCR program evaluates $2,915/mo property income against a $2,053/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2020
0.26 Acres lot
$N/A/sqft
$600 annually HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-09-09 | Price change | $419,500 |
| 2024-08-28 | Listed for sale | $430,000 |
| 2021-03-12 | Sold | $282,070 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | $3441.72 | 16.16% | $125,960 | 18.34% |
| 2022-09-15 | $2962.80 | 26.42% | $106,440 | 41.54% |
| 2021-09-15 | $2343.69 | 248.76% | $75,200 | 279.80% |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2020
- Architectural Style: Ranch,Traditional
- Building Area: N/A
- Living Area: 1,826 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric, Forced Air, Heat Pump, Zoned
- Cooling: Central Air, Electric, Zoned
- Flooring: N/A
- Interior Features: Breakfast Bar, Built-in Features, Breakfast Area, Tray Ceiling(s), Ceiling Fan(s), Double Vanity, Garden Tub/Roman Tub, Main Level Primary, Pantry, Pull Down Attic Stairs, Separate Shower, Vaulted Ceiling(s)
- Exterior Features: Covered Patio
- Parking Features: Attached, Garage Door Opener, Kitchen Level
Location
- City: Richmond Hill
- State: GA
- Subdivision: The Commons
- Lot Size: 0.26 Acres
- Lot Features: Sprinkler System
- View: N/A
HOA & Fees
- HOA Fee: $600 annually
- Association Fee: $600 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Underground Utilities
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: Asphalt
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
What's Special
Pull Down Stairs
Listed by: Renee B. Williams • Realty One Group Inclusion
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #317932
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.