705 W 47Th St
Savannah, GA 31405
List Price
$243,900
Initial Investment
$66,463Purchase Price
$243,900
Down Payment
25%
Rent
$1,980
Total Return
$91,374
Annualized Return
20.1%
Cap Rate
7.0%
Gross Yield
9.7%
Cash Flow
$2,927
Appreciation
5.6%
Reset to DefaultEdit Assumptions
Features
Occupancy
Unspecified
Lease Start
-
Lease End
-
Lot Size
2,831
HOA
None
Flood Risk
Not Required
BACK ON THE MARKET IN DUE DILIGENCE DUE TO NO FAULT OF THE SELLER! First time home buyers & investors! Motivated seller-priced to sell! Located in midtown in Cann Park. Completely renovated cottage-style house offering 3 bedrooms, 2 full baths, hardy-board siding, vaulted ceilings in the living room and primary bedroom, open floor plan with new vinyl floors consistent throughout, brand new roof, newer (2023) HVAC compressor, brand new stainless appliances, renovated baths, & vinyl windows throughout. Lots of natural light! Two parking spaces in the rear off the lane for owners. Centrally located just south of Victory Drive, walking distance to SCAD's "The Shed" & The Gulfstream Center for Design, on SCAD bus route. Ready to move in. Some photos illustrate staging ideas. With all of these new updates and outstanding property disclosures, this house offers a maintenance-free lifestyle to the new owner! Excellent property disclosures.
See more in Analysis
George Meyers
Mia Madison Properties LLC
GA Agent License #336390
Annual Financial Highlights
Expected Rent
$22,572Expenses
-$4,185Property Taxes
-$2,200Loan Payments
-$13,260Net Cash Flow
$2,927See 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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Mia Madison Properties LLC
GA Brokerage License 64398
Mia Madison Properties LLC
GA Brokerage License 64398
SourceSavannah Multi-List Corporation
MLS #322029
Last Updated: 07/29/2025 02:07
MLS #322029
Last Updated: 07/29/2025 02:07