601 E 31ST ST

SAVANNAH, GA 31401
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3 bd, 2 ba | 1,260 sqft | Built in 1972

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List Price
$355,000

Initial Investment

$96,738

Purchase Price

$355,000

Down Payment

25%

Rent

$1,770

Total Return

$162,783

Annualized Return

20.5%

Cap Rate

4.0%

Gross Yield

6.0%

Cash Flow

-$5,913

Appreciation

9.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

5,227

HOA

None

Flood Risk

Not Required

Looking for a home that’s got all the charm, space, and location without the downtown price tag? Well, you’ve found it! This renovated 3-bed, 2-bath beauty gives you over 1,200 square feet of thoughtfully designed space that blends modern upgrades with classic appeal. Only 7 minutes from downtown, this gem puts you within easy reach of all the best attractions, shopping, and dining. Need some green space? You’re just 3 minutes from Forsyth Park and 5 minutes from Starland Yard, one of Savannah’s most exciting up-and-coming neighborhoods. Whether you're looking for a cozy home or an investment property, this place gives you the best of both worlds.With its charming brick exterior, cozy front porch, and a spacious fenced backyard, this home is ready for you to make it your own. Plus, being on a corner lot with covered parking, you’ll have plenty of space and convenience. It’s a home that offers everything you need and maybe even a little extra.Come take a look today!

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

Annual Financial Highlights

Expected Rent

$20,178

Expenses

-$3,592

Property Taxes

-$3,200

Loan Payments

-$19,300

Net Cash Flow

-$5,913

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:Tanoy Thames-pride
Agent License 418459
Keller Williams Coastal Area P
Certified Agent Brokerage:George Meyers
Mia Madison Properties LLC
GA Brokerage License 64398
SourceSavannah Multi-List Corporation
MLS #325790
Last Updated: 02/11/2025 23:02
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