In partnership with

Welcome Back,

Happy Wednesday I hope you are doing spectacular today. Thank you so much for those of you who have done our survey. Today we are back with another Real Estate market. Enjoy!

Was this email forwarded to you? Click Here to subscribe to never miss a post. If you received this email by accident and wish to unsubscribe click here.

Real Estate Investing

Market Snapshot:

Savannah, Georgia
The real estate market in Savannah is on a steady upswing, with the median home price reaching $348,000, reflecting a 6.2% year-over-year increase. Savannah’s market benefits from a blend of tourism, a growing tech presence, and its historic charm, which draws both buyers and renters. The city’s inventory of active listings has declined by 5.8% this year, underscoring tight supply and robust demand. However, rising interest rates have slightly dampened affordability, impacting some first-time buyers.

Median Home Price: $348,000

YoY Price Growth: 6.2%

Active Listings: 4,200 (down 5.8% from last year)

Deal Of The Day:

Multi-family Quadruplex in Historic District, Savannah, GA
Price: $825,000
Size: 4 Units, Each 2 bedrooms, 2 baths
Rental Potential: $6,400 Total Rental Income
Cap Rate: 6.1%
This charming multi-family quadruplex in Savannah’s Historic District offers an enticing cap rate for investors, thanks to its proximity to popular tourist spots. The property has been recently renovated, preserving its historic feel while updating amenities to modern standards. With an estimated annual rental income of $76,800, this property appeals to both short-term and long-term real estate investors. At it’s current price it is a turn key cash flowing property, which is hard to find in some of these more expensive markets.

Deal Rating: 8/10

It cash flowing right off the bat is a great sign not only that but it is in a nice area of Savannah, although appreciation in the property itself may be on the slower side.

Real Estate Tip:

Investment Strategy:

“Wraparound Mortgage” Strategy
With this approach, an investor purchases a property using a mortgage that “wraps around” the existing mortgage balance. The investor takes ownership and charges a higher interest rate on the wraparound loan than the underlying mortgage. This strategy enables buyers with limited cash to enter the market and earn the difference in interest rates. For example, if you buy a property with a 3% underlying loan and charge 6% on the wraparound loan, you’d secure 3% as net interest profit.

Current Interest Rates:

Savannah, Georgia

30-Year Fixed Residential: 6.6%

15-Year Fixed Residential: 6.0%

Commercial Rates: Starting at 6.1%

Interest rates in Savannah are trending at 6.6% for a 30-year fixed loan, a minor increase over last month. This gradual rise has contributed to a steady demand for multifamily rentals, as many first-time buyers are choosing to rent instead of purchase.

The future of presentations, powered by AI

Gamma’s AI creates beautiful presentations, websites, and more. No design or coding skills required. Try it free today.

*Partner

Economic Conditions

Savannah’s economy is thriving, bolstered by a 3.5% unemployment rate and growth in sectors like tourism, tech, and port logistics. With a historic downtown and high tourism traffic, Savannah continues to attract businesses catering to tourists and locals alike. Inflation, at 3.9%, has raised construction and renovation costs, impacting new builds but boosting rental demand as newcomers relocate for job opportunities in the tech and shipping sectors.

Overall Market Rating: 7/10

I would say that this market is a great choice for those looking to find a cash flowing property right off the rip but for those looking for that juicy long term wealth gain this market may be a bit slow in that area. Another great perk to Savannah is it has interest rates on the lower end compared to other markets we have looked at.

Investing in Short-Term Rentals in Historic Cities

Historic cities like Savannah, Charleston, and New Orleans have become hotspots for investors interested in short-term rental properties. These locations, rich in culture and tourism appeal, offer unique opportunities and strong rental demand throughout the year. Investors need to balance high rental yields with regulatory challenges, as many historic districts enforce stricter rules on short-term rentals. While upfront costs for renovations in these areas can be steep, the potential for $40,000-$60,000 in annual revenue per property makes it a worthwhile venture. Additionally, as these properties appreciate over time, investors can realize gains both from rental income and property appreciation.

Key Takeaways:

• Market Update: Savannah’s median home price stands at $348,000, with 6.2% annual growth in a tight market.

• Deal of the Day: A $825,000 multi-family quadruplex in the Historic District offers $6,400 monthly rental potential.

• Tip: Explore off-market properties through networking to find unique investment opportunities.

• Investment Strategy: Consider wraparound mortgages for higher interest profit without full capital investment.

• Interest Rates: Savannah’s residential rates average 6.6%, supporting a strong rental market.

• Economic Impact: Savannah’s 3.5% unemployment rate, coupled with inflation, bolsters the city’s rental demand.

That’s All For Today

I hope you enjoyed today’s issue. If you have any questions regarding today’s issue or future issues feel free to ask. Come back tomorrow for information on how to grow your income and wealth. I hope to see you.

Get Cheap email marketing for your business, email us at [email protected]

Join our affiliate program and make an extra $500-$1,000 per month, [email protected] 

If you are enjoying our posts feel free to follow our Instagram below it helps us out greatly!👇👇👇 Thank You