602 W 37th StSavannahGA31415
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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
Investment property for sale in Savannah at 602 W 37th St, Savannah, GA, 31415 uses $149,142 cash to close to unlock $1,401/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $2,862/mo, and a $2,202/mo payment keeps the spread at $117/mo. Purchase price stands at $449,900, and rental yield measures 7.63% with $2,862/mo rent. Return on cash invested shows 20.85% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 107.76% and total cumulative return in cash records $160,714. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,862/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in 1918
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31415, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,554 (100%) |
| Owner Occupied HU | 1,908 (34.4%) |
| Renter Occupied HU | 2,520 (45.4%) |
| Vacant Housing Units | 1,126 (20.3%) |
| Median Home Value | $160,126 |
| Average Home Value | $221,223 |
Housing Distribution
Address Breakdown
Residential
4,730
Single Family
4,293
Multi-Family
437
Businesses
423
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Listed by: Aimee B. Wine • McIntosh Realty Team LLC
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #SA331782
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.