208 W 37th St

Savannah, GA 31401
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4 bd, 2 ba | 2,530 sqft | Built in 1900

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List Price
$274,900

Initial Investment

$74,910

Purchase Price

$274,900

Down Payment

25%

Rent

$2,280

Total Return

$161,104

Annualized Return

26.7%

Cap Rate

6.6%

Gross Yield

10.0%

Cash Flow

$2,023

Appreciation

9.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,511

HOA

None

Flood Risk

Not Required

Fantastic Price on this Breathtaking 1900 Victorian in the heart of the Savannah's Victorian District. This Beauty is boasting 2,530 sqft of a blank canvas that can be transformed into exactly what the buyer needs. Some work has been started. This Gem is located near lots of local amenities, public transportation, and it offers convenience and accessibility to SCAD. While the home presents incredible potential, it requires extensive renovation, making it a perfect investment opportunity for restoration enthusiasts or developers. Don’t miss this chance to bring this Historic Beauty back to life! Home is being Sold As-Is.

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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

$25,992

Expenses

-$4,874

Property Taxes

-$4,150

Loan Payments

-$14,945

Net Cash Flow

$2,023

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:Sabriya Scott
Agent License 269094
Scott Realty Professionals
Certified Agent Brokerage:George Meyers
Mia Madison Properties LLC
GA Brokerage License 64398
SourceSavannah Multi-List Corporation
MLS #327300
Last Updated: 03/15/2025 15:03
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.