78 Heron View CtRichmond 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
Investment property for sale in Richmond Hill at 78 Heron View Ct, Richmond Hill, GA, 31324 offers a 8.11% rental yield on a $439,900 purchase with $2,972/mo rent. Total monthly income registers $2,972/mo, and a $2,153/mo payment leaves $195/mo available for distribution. Annual cash flow reaches $2,337/yr on $145,827 to close, and return on cash invested stands at 21.51% in year one. Equity gained on principal adds $2,839/yr while 5% annual appreciation supports $121,536 over five years. Portfolio math shows five-year ROI at 111.59% and total cumulative return in cash at $162,735. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,972/mo property income against a $2,153/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
10,018 sqft lot
$N/A/sqft
$1,200 annually HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-05-23 | Listed for sale | $439,900 |
| 2022-03-18 | Sold | $335,500 |
| 2022-02-25 | Contingent | $325,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-25 | $3229.92 | -3.38% | $133,172 | -2.50% |
| 2023-05-25 | $3342.95 | 10.54% | $136,580 | 13.76% |
| 2022-05-25 | $3024.21 | 10.37% | $120,060 | 13.03% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1998
- Architectural Style: Ranch
- Building Area: 1,821
- Living Area: 1,821 sqft
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: Newly Painted, Pantry, Dining/Living Combo
- Exterior Features: N/A
- Parking Features: Garage
Location
- City: Richmond Hill
- State: GA
- Subdivision: Waterford Landing
- Lot Size: 10,018 sqft
- Lot Features: Landscaped, Sidewalk
- View: N/A
HOA & Fees
- HOA Fee: $1,200 annually
- Association Fee: $1,200 annually
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Underground Utilities
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: Frances Meek Elementary
- Middle School: Richmond Hill Middle
- High School: Richmond Hill High
Listed by: Dewayne Hilliard • Keller Williams Realty Coastal Area Partners
Mls Name: HABR
Mls ID: #160646
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.