32 Lennox Ct

Richmond Hill, GA 31324
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3 bd, 2 ba | 1,984 sqft | Built in 2004

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List Price
$389,900

Initial Investment

$106,248

Purchase Price

$389,900

Down Payment

25%

Rent

$2,360

Total Return

$73,824

Annualized Return

10.7%

Cap Rate

4.9%

Gross Yield

7.3%

Cash Flow

-$3,252

Appreciation

4.2%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,841

HOA

$28/mo

Flood Risk

Not Required

New Roof! New HVAC! New LVP flooring throughout the downstairs, new carpet upstairs and fresh paint! No carpet downstairs at all. This adorable, move in ready cottage-style home has 3 bedrooms, 2 bathrooms and 1,984sqft. Downstairs has beautiful plantation shutters! The eat-in kitchen features freshly painted cabinets, stainless appliances and a pantry. The owner's suite is conveniently located on the main floor and includes a walk-in closet and a convenient pocket door leading to the en suite bath. Upstairs are two bedrooms, a spacious jack-and-jill bathroom, and a loft/office area. The screened porch overlooks a fenced backyard with mature landscaping. Quick access to grocery stores as well as the interstate for Ft. Stewart, Hunter Army Airfield, and the Savannah airport. Washer and Dryer convey!

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

Annual Financial Highlights

Expected Rent

$26,904

Expenses

-$5,119

Property Taxes

-$3,840

Loan Payments

-$21,197

Net Cash Flow

-$3,252

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:Carin Behringer
Agent License 362139
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Certified Agent Brokerage:George Meyers
Mia Madison Properties LLC
GA Brokerage License 64398
SourceSavannah Multi-List Corporation
MLS #329331
Last Updated: 04/22/2025 17:04
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