7 Cromer StSavannahGA31407
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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 7 Cromer St, Savannah, GA, 31407 uses $102,765 cash to close to unlock $4,728/yr annual cash flow and $394/mo monthly cash flow. Total monthly income runs $2,354/mo, and a $1,517/mo payment keeps the spread at $394/mo. Purchase price stands at $310,000, and rental yield measures 9.11% with $2,354/mo rent. Return on cash invested shows 24.51% in year one, and 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 127.67% and total cumulative return in cash records $131,203. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,354/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 2006
8,712 sqft lot
$N/A/sqft
$840 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31407, Savannah, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,043 (100%) |
| Owner Occupied HU | 4,529 (41.0%) |
| Renter Occupied HU | 5,426 (49.1%) |
| Vacant Housing Units | 1,088 ( 9.9%) |
| Median Home Value | $294,400 |
| Average Home Value | $335,171 |
Housing Distribution
Address Breakdown
Residential
11,046
Single Family
8,528
Multi-Family
2,518
Businesses
314
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Listed by: R. Cline Wooten • Realty One Group Inclusion
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #330276
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.