202 East 49th Street

Property Details:

Address: 202 E 49th St, Savannah, GA 31405
Bed/Bath: 4 Bed / 3 Bath
Square Footage: 2,866 sqft
Year Built: 1921
HOA Restrictions: No HOA
Multi-Unit: No

Features + Amenities:

Furnished: No
Pool: Yes
Tenant Occupied: N/A
Monthly Rent: N/A
Est. Repairs:N/A

Financing Details:

Purchase Price: $830,000
Est. ARV: $995,000
PP Percent of ARV: 83.42%

Monthly Payments:

Exit Scenarios:

Est. Average LTR: $2,639
Est. Average STR: $7,033

Additional Details:

THREE WAYS TO BUY:
OPTION 1 — LOW-ENTRY SUB-TO (capital-light investor’s dream)
Entry: ~$45K + CC + TC
Monthly structure:
– Existing HELOC payment: ~$1,700/mo
– Property taxes: ~$1,000/mo
– Insurance: ~$650/mo
– Seller financing payment: ~$3,000/mo
– Total: ~$6,350/mo
Seller financing: 10-year balloon
 INSTANT EQUITY: ~$116,000
 Lowest cash in, max leverage — perfect for buy-and-hold + appreciation

OPTION 2 — CREATIVE FINANCE
Entry: $525,000 cash down (Mortgage fully paid off at closing)
Seller carry: $302,000 @ 0% interest
Monthly structure:
– Seller financing payment: $3,500/mo (principal-only)
– Property taxes: ~$1,000/mo
– Insurance: ~$650/mo
– Total: ~$5,150/mo
Seller financing: 5-year balloon
 INSTANT EQUITY: ~$125,000
 Title transfers free & clear — no sub-to risk
 Clean cap stack for refi or quick resale

 OPTION 3 — ALL CASH (clean & fast)
Entry: $830,000 all cash
Monthly structure:
– Property taxes: ~$1,000/mo
– Insurance: ~$650/mo
– Total: ~$1,650/mo
 INSTANT EQUITY: ~$120,000

– Close in 21 days
– Free & clear title
– Studio apartment over garage (income unit / Airbnb / in-law)
– Private backyard with reflection garden and inground saltwater pool
– 4 fireplaces
– Updated kitchen + stainless appliances
– Original hardwood floors, high ceilings

Photos on Zillow