238 Millen St

Savannah, GA 31415
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3 bd, 2.5 ba | 1 sqft | Built in 2024

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List Price
$285,000

Initial Investment

$77,663

Purchase Price

$285,000

Down Payment

25%

Rent

$2,460

Total Return

$151,480

Annualized Return

27.3%

Cap Rate

8.3%

Gross Yield

10.4%

Cash Flow

$8,009

Appreciation

6.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

0

HOA

None

Flood Risk

Not Required

This beautiful new construction home is ideally located close to the Enmarket Arena, offering convenience and modern comfort. With 3 spacious bedrooms and 2.5 bathrooms, this 2-story home is designed for both relaxation and functionality. The master suite is conveniently located on the main level for easy access, and the laundry room is also located on the first floor for added convenience. The home features a sleek, contemporary design with elegant granite countertops in the kitchen, providing both beauty and durability. The main living areas are fitted with stylish and low-maintenance vinyl plank flooring, while the bedrooms are carpeted for comfort and warmth. A paved driveway adds to the home's curb appeal, ensuring a welcoming entrance every time you come home. Perfect for families or anyone looking for a modern, functional home with great amenities and a fantastic location near Enmarket Arena!

See more in Analysis
George Meyers
Mia Madison Properties LLC
GA Agent License #336390

Annual Financial Highlights

Expected Rent

$28,044

Expenses

-$4,531

Property Taxes

-$10

Loan Payments

-$15,494

Net Cash Flow

$8,009

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:Brittany Walker
Agent License 391909
Scott Realty Professionals LLC
Certified Agent Brokerage:George Meyers
Mia Madison Properties LLC
GA Brokerage License 64398
SourceGeorgia MLS
MLS #10416629
Last Updated: 11/21/2024 00:11
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.