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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Richmond Hill at 87 Magnolia Street, Richmond Hill, GA, 31324 priced at $289,900 converts $2,878/mo rent into $1,114/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,878/mo, and annual cash flow totals $13,362/yr on $96,102 invested. Return on cash invested prints 33.81% in year one, and rental yield reads 11.91% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 177.3% and total cumulative return in cash sums $170,385. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,878/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1941
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31324, Richmond Hill, GA area.
| 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 |
Residential
13,778
Single Family
12,700
Multi-Family
1,078
Businesses
1,015
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Melanie D. Kramer • Keller Williams Coastal Area P
Mls Name: Hive MLS
Mls ID: #SA345090
