609 South St
Savannah, GA 31405
List Price
$229,000
Initial Investment
$62,403Purchase Price
$229,000
Down Payment
25%
Rent
$1,750
Total Return
$80,838
Annualized Return
18.9%
Cap Rate
6.6%
Gross Yield
9.2%
Cash Flow
$1,815
Appreciation
5.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
4,792
HOA
None
Flood Risk
Not Required
Welcome to this charming Savannah bungalow! Ideally located moments from downtown Savannah and within very close proximity to Hunter Army Airfield. As you approach, youre greeted by inviting front and side porches, perfect for enjoying Southern evenings or morning coffee. This home features durable hardie plank siding, a 1-year old water heater, and 4-year old roof and HVAC. The living space includes a formal living room, den and large eat-in kitchen, as well as 3 good-sized bedrooms and 2 full bathrooms. The backyard offers plenty of room for enjoying the outdoors!
See more in Analysis
George Meyers
Mia Madison Properties LLC
GA Agent License #336390
Annual Financial Highlights
Expected Rent
$19,950Expenses
-$3,585Property Taxes
-$2,100Loan Payments
-$12,450Net Cash Flow
$1,815See 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.
Similar Listings
Listing Courtesy of:Judith Dellert
Agent License 412380
Redfin Corporation
Agent License 412380
Redfin Corporation
Certified Agent Brokerage:George Meyers
Mia Madison Properties LLC
GA Brokerage License 64398
Mia Madison Properties LLC
GA Brokerage License 64398
SourceGeorgia MLS
MLS #10345728
Last Updated: 07/26/2024 13:07
MLS #10345728
Last Updated: 07/26/2024 13:07