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$215,000

For Sale - Active
12300 Apache Ave Apt 604, Savannah, GA 31419
2 Beds
0 Baths
0 Square Feet
0.00 Acres Lot
Built in 1995
For Sale - Active
Units n/a
Checked: 7 hours ago
Updated: Jun 05, 2025 at 02:17PM

Investment Summary


Monthly Cash Flow
-$585
Cap Rate
2.9%
Cash-on-Cash Return
-14.2%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.7%

Property Description


0.00 Acres Lot
Built in 1995
For Sale - Active
Units n/a

Welcome to this inviting 2-bedroom, 2-bath townhome nestled in the highly desirable Hoover Creek Plantation in Savannah, GA. This well-maintained unit features an open living area with a cozy fireplace, dining area by the kitchen, downstairs patio with a storage closet, and a private upstairs balcony-perfect for enjoying your morning coffee or winding down in the evenings. With thoughtful touches throughout, this home offers comfort and convenience in a serene setting. The community is packed with resort-style amenities, including an in-ground pool, fully equipped fitness room, car wash station, boat storage, dock access, picnic and grill areas, a pet park, and even kayak storage. You'll also love the peaceful reading room and a separate reading nook overlooking the tranquil marsh views-ideal for relaxation or quiet study. Whether you're a first-time buyer, downsizing, or investing, this townhome offers the perfect blend of lifestyle and location.

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Location


Property Details


Parking

  • Description: OffStreet, ParkingLot, RvAccessParking
  • Details: Guest
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

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

Exterior Features

  • Roof Material: Other
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Hoover Creek Plantation HOA
  • HOA Fee: $5,544/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 2086103098
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Other
  • Year Built: 1995

Tax Information

  • Annual Tax: $3,173

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: Chatham

Investment Summary


Monthly Cash Flow
-$585
Cap Rate
2.9%
Cash-on-Cash Return
-14.2%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-9.7%

Purchase Details

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Purchase price:
$215,000
Amount financed:
-$172,000
Down payment:
$43,000
Closing costs:
$6,450
Rehab costs:
$0
Initial cash invested:
$49,450
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$172,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,101
Property tax:
$264
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,491

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (15%)
15%-$264-$3,173
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (26%)
26%-$462-$5,544
Total operating expenses: (65%)
65%-$1,176-$14,117

Cash Flow


Monthly Yearly
Net operating income:
$516 $6,192
Mortgage payments:
-$1,101 -$13,212
Cash flow:
$585 $7,020