67 Hanover PlRichmond 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 67 Hanover Pl, Richmond Hill, GA, 31324 priced at $553,000 converts $3,798/mo rent into $370/mo cash flow after a $2,707/mo obligation. Total monthly income equals $3,798/mo, and annual cash flow totals $4,434/yr on $181,937 invested. Return on cash invested prints 22.5% in year one, and rental yield reads 8.24% against a $553,000 entry. Equity gained on principal adds $3,568/yr, while 5% annual appreciation compiles into $152,784 by year five. Five-year ROI reaches 116.71% and total cumulative return in cash sums $212,344. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,798/mo property income covering a $2,707/mo payment, not borrower’s personal income.
Single Family
Built in 2024
8,712 sqft lot
$N/A/sqft
$750 annually HOA
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
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Listed by: Anthony V. Sardinas • Liz & Associates Realty, LLC
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #312159
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.