609 South StSavannahGA31405
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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 609 South St, Savannah, GA, 31405 priced at $229,000 pairs $3,209/mo rent with $1,814/mo cash flow after a $1,121/mo payment. Total monthly income equals $3,209/mo, and annual cash flow comes to $21,770/yr on $75,914 invested. Return on cash invested is 48.59% in year one, and rental yield stands at 16.82% on a $229,000 basis. Equity gained on principal adds $1,478/yr, and 5% annual appreciation accumulates to $63,268 by year five. Five-year ROI measures 256.55% and total cumulative return in cash reaches $194,753. For financing, Ziffy Mortgage’s DSCR program evaluates $3,209/mo property income against a $1,121/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2004
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31405, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,515 (100%) |
| Owner Occupied HU | 8,413 (50.9%) |
| Renter Occupied HU | 6,317 (38.3%) |
| Vacant Housing Units | 1,785 (10.8%) |
| Median Home Value | $345,549 |
| Average Home Value | $390,200 |
Housing Distribution
Address Breakdown
Residential
17,218
Single Family
13,960
Multi-Family
3,258
Businesses
1,735
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Listed by: Judith L. Dellert • Redfin Corporation
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #314962
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.