6 Merion CtSavannahGA31419
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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 Savannah at 6 Merion Ct, Savannah, GA, 31419 priced at $300,000 converts $2,176/mo rent into $184/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,176/mo, and annual cash flow totals $2,202/yr on $99,450 invested. Return on cash invested prints 22.12% in year one, and rental yield reads 8.7% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 115.33% and total cumulative return in cash sums $114,696. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,176/mo property income covering a $1,468/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.25 Acres lot
$N/A/sqft
$480 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31419, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,783 (100%) |
| Owner Occupied HU | 13,417 (52.0%) |
| Renter Occupied HU | 10,374 (40.2%) |
| Vacant Housing Units | 1,992 ( 7.7%) |
| Median Home Value | $319,085 |
| Average Home Value | $370,915 |
Housing Distribution
Address Breakdown
Residential
24,536
Single Family
18,502
Multi-Family
6,034
Businesses
756
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Listed by: Niya N. Robinson • Re/Max Savannah
Mls Name: Hive MLS
Mls Provider:
Mls ID: #SA336617
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.