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$165,000

For Sale - Active
21 Burke Ave, Savannah, GA 31408
4 Beds
0.0 Baths
1,495 Square Feet
0.00 Acres Lot
Built in 1958
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: Apr 28, 2025 at 03:22AM

Investment Summary


Monthly Cash Flow
$384
Cap Rate
8.9%
Cash-on-Cash Return
12.1%
Debt Coverage Ratio
1.45
Internal Rate of Return (5 years)
15.8%

Property Description


0.00 Acres Lot
Built in 1958
For Sale - Active
Units n/a

Welcome home to this spacious two-story gem! Featuring four bedrooms and two baths, this home offers ample living space, including a large living room and a separate family room, ensuring everyone has room to relax. The fully fenced backyard includes a shed for extra storage and the covered carport offers easy parking for your convenience! The proximity to Downtown Savannah and the Georgia Ports Authority cannot be beat! This home is a must see and at this price point, its sure to sell quickly! Dont miss out on the one, call now to schedule today! Property being sold "As Is." Grass digitally enhanced for marketing purposes.

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Location


Property Details


Parking

  • Description: Detached
  • Details: Carport
  • Garage Spaces: 0
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 0.0

Interior Features

  • # of Rooms: 0
  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 200250201901
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1958

Tax Information

  • Annual Tax: $986

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air, Electric

Location

  • County: Chatham

Investment Summary


Monthly Cash Flow
$384
Cap Rate
8.9%
Cash-on-Cash Return
12.1%
Debt Coverage Ratio
1.45
Internal Rate of Return (5 years)
15.8%

Purchase Details

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Purchase price:
$165,000
Amount financed:
-$132,000
Down payment:
$33,000
Closing costs:
$4,950
Rehab costs:
$0
Initial cash invested:
$37,950
Square feet:
1,495
Cost per square foot:
$110
Monthly rent per square foot:
$1.27

Financing Details

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Loan amount:
$132,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principle & interest:
$845
Property tax:
$82
Insurance:
$133
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,060

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,900 $22,800
Vacancy loss: (6%)
6% -$114 -$1,368
Operating income:
$1,786 $21,432

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$82-$986
Insurance: (7%)
7%-$133-$1,596
Property management: (8%)
8%-$152-$1,824
Repairs & maintenance: (5%)
5%-$95-$1,140
Capital expenditures: (5%)
5%-$95-$1,140
HOA fees: (0%)
0%$0$0
Total operating expenses: (29%)
29%-$557-$6,686

Cash Flow


Monthly Yearly
Net operating income:
$1,229 $14,748
Mortgage payments:
-$845 -$10,140
Cash flow:
$384 $4,608