115 Forest Ridge Dr

Savannah, GA 31419
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3 bd, 2 ba | 1,687 sqft | Built in 1987

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List Price
$269,999

Initial Investment

$73,575

Purchase Price

$269,999

Down Payment

25%

Rent

$2,110

Total Return

$116,775

Annualized Return

22.0%

Cap Rate

6.7%

Gross Yield

9.4%

Cash Flow

$2,553

Appreciation

6.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,227

HOA

None

Flood Risk

Not Required

Come home to this charming 3 bedrooms 2 full baths home located on the Southside of Savannah. Featuring a brand new flooring in the living that opens to the large backyard. Ideal for any sized family who would love the eat in kitchen and one bedroom on the lower level. Conveniently located in walk-in distance from GA Southern Armstrong campus, the Savannah and Oglethorpe mall, movie theaters and so much more.

MARKETS

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NEIGHBORHOOD

SCHOOLS

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George Meyers
Mia Madison Properties LLC
GA Agent License #336390

Annual Financial Highlights

Expected Rent

$24,054

Expenses

-$4,372

Property Taxes

-$2,450

Loan Payments

-$14,679

Net Cash Flow

$2,553

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.
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Listing Courtesy of:Marie Frazier
Agent License 434635
Coldwell Banker Access Realty
Certified Agent Brokerage:George Meyers
Mia Madison Properties LLC
GA Brokerage License 64398
SourceSavannah Multi-List Corporation
MLS #327545
Last Updated: 03/15/2025 03:03
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.