92 Old Mill Rd ERichmond 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 92 Old Mill Rd E, Richmond Hill, GA, 31324 offers a 4.26% rental yield on a $950,000 purchase with $3,374/mo rent. 81% in year one. Equity gained on principal adds $6,130/yr while 5% annual appreciation supports $262,467 over five years. Portfolio math shows five-year ROI at 53.9% and total cumulative return in cash at $168,458. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,374/mo property income against a $4,650/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1973
0.58 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-06-25 | Listed for sale | $950,000 |
| 2019-09-09 | Sold | $440,000 |
| 2019-07-08 | Pending sale | $475,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $5332.47 | 5.51% | $217,308 | 8.46% |
| 2023-06-26 | $5054.18 | -1.87% | $200,352 | 1.02% |
| 2022-06-26 | $5150.35 | -2.99% | $198,328 | -0.72% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1973
- Architectural Style: Traditional
- Building Area: N/A
- Living Area: 2,176 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Electric, Heat Pump
- Cooling: Electric, Heat Pump
- Flooring: N/A
- Interior Features: Breakfast Bar, Pull Down Attic Stairs, Tub Shower, Vanity, Programmable Thermostat
- Exterior Features: Dock, Porch
- Parking Features: Detached
Location
- City: Richmond Hill
- State: GA
- Subdivision: Belfast
- Lot Size: 0.58 Acres
- Lot Features: Back Yard, Garden, Private
- View: Ocean, River, Water
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Cable Available
- Sewer: Septic Tank
- Water Source: Private, Well
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: Richmond Hill
- High School: Richmond Hill
What's Special
Pull Down Stairs
Listed by: Cecilia Bird • Re/Max Accent
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #SA333208
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.