588 Marshview 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 588 Marshview Dr, Richmond Hill, GA, 31324 generates $4,897/mo in rent and, after a $2,740/mo payment, leaves $1,490/mo in cash flow. Total monthly income is $4,897/mo, and annual cash flow is $17,877/yr on $184,207 invested. Return on cash invested sits at 29.77% in year one, and rental yield is 10.5% on a $559,900 entry. Equity gained on principal adds $3,613/yr, while 5% annual appreciation builds toward $154,690 over five years. Five-year ROI reaches 155.52% and total cumulative return in cash sums $286,474. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,897/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
9,583 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-09-14 | Price change | $559,900 |
| 2024-07-30 | Listed for sale | $569,900 |
| 2016-09-29 | Sold | $215,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | $3709.53 | 16.52% | $152,360 | 20.23% |
| 2022-09-15 | $3183.73 | 8.76% | $126,720 | 11.31% |
| 2021-09-15 | $2927.39 | 3.07% | $113,840 | 4.17% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2005
- Architectural Style: Brick 4 Side
- Building Area: 2,684
- Living Area: 2,684 sqft
- Property Condition: Resale
Features & Amenities
- Heating: Central
- Cooling: Ceiling Fan(s), Central Air, Electric
- Flooring: Carpet, Laminate
- Interior Features: High Ceilings, In-Law Floorplan, Vaulted Ceiling(s), Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Attached
Location
- City: Richmond Hill
- State: GA
- Subdivision: Waterford Landing
- Lot Size: 9,583 sqft
- Lot Features: Level
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Other
Utilities
- Utilities: Cable Available, Electricity Available, Phone Available, Propane, Sewer Available, Sewer Connected, Underground Utilities, Water Available
- Sewer: Public Sewer
- Water Source: Private
- Road Surface Type: N/A
School Information
- Elementary School: Richmond Hill Primary/Elementa
- Middle School: Richmond Hill
- High School: Richmond Hill
What's Special
Pull Down Stairs
Listed by: Sinan Zakaria • Listed Simply
Mls Name: GAMLS
Mls Provider:
Mls ID: #10347850
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