87 Salt Grass CirRichmond 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 87 Salt Grass Cir, Richmond Hill, GA, 31324 offers $5,014/mo rent that, after a $2,276/mo payment, leaves $2,084/mo cash flow. Total monthly income is $5,014/mo, and annual cash flow is $25,006/yr on $154,148 cash. Return on cash invested measures 36.13% in year one, and rental yield stands at 12.94% at a $465,000 entry. Equity gained on principal adds $3,001/yr while 5% annual appreciation compounds into $128,471 by year five. Five-year ROI records 189.97% and total cumulative return in cash reaches $292,835. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,014/mo property income versus a $2,276/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
6,098 sqft lot
$N/A/sqft
$100 monthly 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 |
|---|---|---|
| 2024-09-13 | Listed for sale | $465,000 |
| 2019-06-03 | Sold | $292,000 |
| 2019-04-15 | Pending sale | $295,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | $3824.11 | 10.03% | $147,400 | 14.80% |
| 2022-09-15 | $3475.44 | 8.93% | $128,400 | 13.07% |
| 2021-09-15 | $3190.63 | 0.82% | $113,560 | 2.23% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 2012
- Architectural Style: Traditional
- Building Area: N/A
- Living Area: 2,895 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: N/A
- Interior Features: Breakfast Bar, Breakfast Area, High Ceilings, Pantry, Pull Down Attic Stairs, Upper Level Primary
- Exterior Features: Patio
- Parking Features: Attached, Garage Door Opener
Location
- City: Richmond Hill
- State: GA
- Subdivision: Dunham Marsh
- Lot Size: 6,098 sqft
- Lot Features: Back Yard, Cul-De-Sac, Interior Lot, Private, Sprinkler System, Wooded
- View: Trees/Woods
HOA & Fees
- HOA Fee: $100 monthly
- Association Fee: $100 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Road Maintenance
Utilities
- Utilities: Cable Available, Underground Utilities
- Sewer: Public Sewer
- Water Source: Shared Well
- Road Surface Type: Asphalt
School Information
- Elementary School: McAllister
- Middle School: RHMS
- High School: RHHS
What's Special
Pull Down Stairs
Listed by: Casey M. Schivera • Seabolt Real Estate
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #319326
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.