6 Redland Drive, Savannah, GA, 31404 | $214/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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6 Redland Drive, Savannah, GA, 31404 | $214/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Savannah at 6 Redland Drive, Savannah, GA, 31404 priced at $269,000 pairs $1,852/mo rent with $214/mo cash flow after a $1,317/mo payment. Total monthly income equals $1,852/mo, and annual cash flow comes to $2,573/yr on $89,174 invested. Return on cash invested is 22.79% in year one, and rental yield stands at 8.26% on a $269,000 basis. Equity gained on principal adds $1,736/yr, and 5% annual appreciation accumulates to $74,320 by year five. Five-year ROI measures 118.2% and total cumulative return in cash reaches $105,407. For financing, Ziffy Mortgage’s DSCR program evaluates $1,852/mo property income against a $1,317/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1950

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Below-Market Opportunity in Desirable Forest Hills! Excellent opportunity to own a below-market home on a large corner lot in the sought after Forest Hills neighborhood. A nearly identical property within walking distance recently sold for $335K - making this home an exceptional value. This light-filled residence features three bedrooms and two full baths, with original hardwood floors throughout most of the home. The popular floor plan includes a formal dining room, a spacious living room and separate laundry area. The property offers endless potential for updates or is perfectly comfortable to move in and enjoy as-is. Forest Hills is a well-established neighborhood that offers a public park with a splash pad, playground, disc golf course and tennis courts. Conveniently located near hospitals, schools, the Truman Parkway, and all of the shopping, dining, and entertainment of downtown Savannah.

Neighborhood Data

Neighborhood data shown for ZIP Code: 31404, Savannah, GA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,242 (100%)
Owner Occupied HU	6,061 (42.6%)
Renter Occupied HU	6,816 (47.9%)
Vacant Housing Units	1,365 ( 9.6%)
Median Home Value	$242,048
Average Home Value	$317,441