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908 Bowden St
B+ Composite 75.16
Why this score? — see what drove the B+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +30.0/30.0
  • ARV discount +15.0/15.0
  • 1% rule +10.0/10.0
  • DSCR +10.0/10.0
  • Livability +4.3/5.0
  • Rent growth +2.5/5.0
  • Condition / age +2.2/5.0
  • Schools +1.1/10.0
  • Appreciation +0.0/10.0

$95,000

908 Bowden St · Savannah, GA 31415
3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 86 Days on market
Built 1955 Fair condition 4,704 sqft lot Garage $99/sqft · 33% below area Est $141k · 33% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Well Cared for 3Bed 1bath Bungalow near Downtown Savannah. Hardwood Floors, newer electrical service.

Key facts

  • Masonry exterior
  • 4,704 sq ft lot
  • Garage

Tags

MASONRY EXTERIORPRIME RENOVATION OPPORTUNITYCLOSE PROXIMITY TO DOWNTOWNEASY ACCESS TO LOCAL AMENITIES

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $95k. Condition is rated fair.

Deal economics

  • At list price, monthly cash flow is $764 ($9k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $95k).
  • Recommended offer: $89k (6.0% below list) — sets the bar for market timing.
  • Cap rate 15.9% vs local median 4.1% in Savannah — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 86/100 on livability (#1 in GA, #397 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, commute A+; Watch: employment D, schools F.
  • Savannah-Chatham County (urban): math 20% / reading 26% proficiency, ranked #134 of 174 in GA (top 77%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Market conditions: 96 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 2,694 units permitted in Chatham County in 2024 (973 in 5+ unit buildings).
  • At $1,822/mo this rent would consume 59% of the median local household income ($37k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $657 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
  • Chatham County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 86 days — a 6% lower offer ($89k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts since 13y ago; this cycle's ask has dropped $10k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $25k; list at $95k implies a 280% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.
  • Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $89,300 (6.0% below list)

Questions for the listing agent

  1. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  3. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.92%
Cap rate
15.94%
Cash-on-cash
34.47%
DSCR
2.53
GRM
4.3

CMA / ARV

ARV (median comp)
$141,194
List price
$95,000
Delta
-32.72%
Verdict
UNDERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
1219 Elliott Ave 0.12mi 2/1.0 (-1) 972 (+1%) 9mo $160,000 $165 80
900 Porter St 0.29mi 3/2.0 992 (+3%) 1mo $165,000 $166 76
1025 Elliott Ave 0.05mi 2/2.0 (-1) 900 (-6%) 7mo $115,000 $128 72
1006 Lynah St 0.25mi 3/1.0 1,008 (+5%) 10mo $100,000 $99 71
917 Porter St 0.32mi 2/1.0 (-1) 1,040 (+8%) 1mo $150,000 $144 65
105 Pitt St 0.20mi 3/1.0 1,102 (+15%) 5mo $35,000 $32 62
818 Allen Ave 0.09mi 2/1.0 (-1) 836 (-13%) 10mo $135,000 $161 61
913 Carver St 0.36mi 3/1.0 828 (-14%) 1mo $127,000 $153 59
1402 Cloverdale Dr 0.41mi 3/1.0 825 (-14%) 7mo $219,900 $267 51
1504 Audubon Dr 0.45mi 3/1.0 825 (-14%) 13mo $235,900 $286 45
1600 Sylvester Dr 0.62mi 3/2.0 1,100 (+15%) 2mo $98,000 $89 41
1023 W 37th St 0.74mi 4/1.0 (+1) 1,026 (+7%) 12mo $205,000 $200 39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
29.9%
Equity multiple
2.25×
Total profit
$33,304
Equity at exit
$14,165
10-year hold
IRR
37.2%
Equity multiple
4.45×
Total profit
$91,815
Equity at exit
$8,214

Cash invested: $26,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
90 Strongly Landlord-Friendly
State Georgia
90 Strongly Landlord-Friendly · R+3
County
— inherits STATE
City
— inherits STATE
Magistrate court evictions in 10-30 days; no rent control; preempted; few tenant protections.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
17 active · 15 under contract
Months of supply
5.4 mo (19%/mo absorbed)
Median asking
$215,000 ($218/sqft)
Median days on market
59 d
This list price
lowest-priced of the active set
ARV vs active asking
-32.6% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 31415

Home prices YoY
-21.4%
Active inventory
96
Price-to-rent
4.3×

Monthly cashflow live

Estimated rent
$1,822 high interval (Pro) →
Mortgage (P&I)
$498
Tax from tax record
$137 /mo · $1,649/yr
Insurance
$40
HOA
$0
Vacancy / Maint / Mgmt
$383
Net cashflow
$764

Break-even live

Break-even rent $855
Max offer price $95,000
Occupancy floor 53%

Sensitivity live

Price -10% $818 -5% $791 +0% $764 +5% $737 +10% $710
Rent -10% $620 -5% $692 +0% $764 +5% $836 +10% $908
Rate -1.0pp $812 -0.5pp $788 base $764 +0.5pp $739 +1.0pp $714

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$23,750
Closing costs
$2,850
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
905 Elliott Ave Savannah, GA 2.0 2.0 1032 $1,800 $1.74 93d 1 0.06mi
911 Crosby St Savannah, GA 3.0 2.0 1116 $2,000 $1.79 93d 1 0.13mi
17 Dutton St Savannah, GA 3.0 1.0 990 $1,650 $1.67 63d 1 0.35mi
1437 Audubon Dr Savannah, GA 3.0 1.0 925 $1,575 $1.70 93d 1 0.46mi
1013 Carroll St Savannah, GA 2.0 1.5 768 $1,400 $1.82 93d 1 0.48mi
1019 W 35th St Unit B Savannah, GA 3.0 2.0 1071 $2,199 $2.05 63d 1 0.75mi
1402 Comer St Savannah, GA 2.0 1.0 690 $1,200 $1.74 93d 1 0.78mi
1024 W 39th St Savannah, GA 2.0 1.0 860 $1,399 $1.63 72d 1 0.80mi
1402 New Castle St Savannah, GA 2.0 1.0 928 $1,500 $1.62 93d 1 0.82mi
206 Ferrill St Savannah, GA 3.0 1.0 936 $1,450 $1.55 63d 1 0.86mi
1416 Chester St Savannah, GA 3.0 1.0 960 $1,600 $1.67 72d 1 0.89mi
40 Eagle St Savannah, GA 1.0–2.0 1.0 841 $1,331 $1.58 72d 6 0.92mi
540 Selma St Savannah, GA 2.0–5.0 2.0–5.0 790 $1,112 $1.41 72d 1 0.92mi
2108 Bulloch St Savannah, GA 2.0 1.0 638 $1,095 $1.72 72d 1 0.93mi
1011 W 40th St Savannah, GA 3.0 2.0 1125 $1,995 $1.77 63d 1 0.96mi
1415 Richards St Savannah, GA 2.0 1.0 672 $1,200 $1.79 93d 1 0.97mi
1109 W 41st St Savannah, GA 3.0 1.0 960 $1,620 $1.69 93d 1 0.97mi
1419 Richards St Savannah, GA 2.0 1.0 672 $1,200 $1.79 93d 1 0.97mi
1421 Richards St Savannah, GA 2.0 1.0 672 $1,275 $1.90 93d 1 0.98mi
1423 Richards St Savannah, GA 2.0 1.0 672 $1,275 $1.90 93d 1 0.98mi
620 W 36th St Unit B Savannah, GA 3.0 1.0 812 $1,650 $2.03 93d 1 0.98mi
2123 Harden St Savannah, GA 2.0 1.0 1000 $1,550 $1.55 72d 1 0.98mi
2203 Harden St Unit A Savannah, GA 3.0 1.0 900 $2,100 $2.33 63d 1 0.99mi
2221 Harden St Savannah, GA 3.0 1.0 1000 $1,550 $1.55 93d 1 1.01mi
1325 Exley St Savannah, GA 2.0–3.0 1.0–2.5 1193 $1,432 $1.20 70d 6 1.01mi
528 Selma St Unit B Savannah, GA 2.0 2.0 974 $2,625 $2.70 63d 1 1.02mi
417 W 32nd St Unit B Savannah, GA 3.0 3.0 972 $2,600 $2.67 93d 1 1.03mi
508 Kline St Savannah, GA 2.0 2.0 900 $2,000 $2.22 63d 1 1.03mi
513 W 35th St Savannah, GA 2.0 1.0 930 $1,450 $1.56 63d 1 1.04mi
513 W 35th St Unit A LOWER Savannah, GA 2.0 1.0 930 $1,350 $1.45 63d 1 1.04mi
615 Montgomery St Savannah, GA 1.0–2.0 1.0–2.0 902 $3,164 $3.51 63d 18 1.04mi
620 W 38th St Unit B Savannah, GA 2.0 1.0 1076 $1,600 $1.49 93d 1 1.04mi
226 Fell St Savannah, GA 3.0 1.0 1025 $1,695 $1.65 70d 1 1.06mi
323 W 31st St #2 Savannah, GA 2.0 1.0 850 $1,850 $2.18 63d 1 1.07mi
1418 Montgomery St Savannah, GA 2.0 1.0–2.0 576 $1,900 $3.30 63d 13 1.07mi
321 W 31st St Unit 1 Savannah, GA 2.0 1.0 800 $1,900 $2.38 63d 1 1.07mi
319 W 31st St Savannah, GA 2.0 1.0 756 $1,800 $2.38 93d 1 1.08mi
301 W Henry St Unit B Savannah, GA 2.0 1.0 1100 $2,100 $1.91 72d 1 1.09mi
1005 W Victory Dr Savannah, GA 3.0 2.0 1056 $1,950 $1.85 72d 1 1.10mi
2705 Stevens St Savannah, GA 3.0 1.0 900 $1,585 $1.76 93d 1 1.12mi

Property features AI

Finance

HOA & community
Park nearbyCurbs in community

Exterior

Parking
Attached garageCarport (1 space)Off-street parkingOn-street parking
Utilities
Public waterPublic sewer220V electric serviceCable availableUnderground utilities
Home design
Single-family residenceOne storyNo shared/common walls
Construction
Block constructionRaised block foundation
Exterior features
Front porchShed(s)Chain-link fenced yardFenced lotCity lot on an interior, level parcelAsphalt-paved public road with curb

Interior

Kitchen
OvenRange
Bathrooms
1 full bathroom
Heating & cooling
Electric heatingOther heatingElectric cooling with window unit(s)
Interior features
Electric water heaterNo basement
Laundry & utility
Washer and dryerLaundry located in kitchen

Listing history 50 events

  1. 2026-08-08
    days on market $95,000 Active 86 DOM
  2. 2026-08-07
    days on market $95,000 Active 85 DOM
  3. 2026-08-06
    days on market $95,000 Active 84 DOM
  4. 2026-08-05
    days on market $95,000 Active 83 DOM
  5. 2026-08-04
    days on market $95,000 Active 82 DOM
  6. 2026-08-03
    days on market $95,000 Active 81 DOM
  7. 2026-07-31
    days on market $95,000 Active 78 DOM
  8. 2026-07-30
    days on market $95,000 Active 77 DOM
  9. 2026-07-29
    days on market $95,000 Active 76 DOM
  10. 2026-07-27
    days on market $95,000 Active 74 DOM
  11. 2026-07-25
    days on market $95,000 Active 72 DOM
  12. 2026-07-23
    days on market $95,000 Active 70 DOM
  13. 2026-07-22
    days on market $95,000 Active 69 DOM
  14. 2026-07-21
    days on market $95,000 Active 68 DOM
  15. 2026-07-18
    days on market $95,000 Active 65 DOM
  16. 2026-07-16
    days on market $95,000 Active 63 DOM
  17. 2026-07-16
    days on market $95,000 Active 62 DOM
  18. 2026-07-14
    days on market $95,000 Active 61 DOM
  19. 2026-07-13
    days on market $95,000 Active 60 DOM
  20. 2026-07-12
    days on market $95,000 Active 59 DOM
  21. 2026-07-11
    days on market $95,000 Active 58 DOM
  22. 2026-07-10
    days on market $95,000 Active 57 DOM
  23. 2026-07-09
    days on market $95,000 Active 56 DOM
  24. 2026-07-08
    days on market $95,000 Active 55 DOM
  25. 2026-07-07
    price $95,000 Active 54 DOM
  26. 2026-07-07
    days on market $105,000 Active 54 DOM
  27. 2026-07-06
    days on market $105,000 Active 53 DOM
  28. 2026-07-05
    days on market $105,000 Active 52 DOM
  29. 2026-07-04
    days on market $105,000 Active 51 DOM
  30. 2026-07-03
    days on market $105,000 Active 50 DOM
  31. 2026-07-02
    days on market $105,000 Active 49 DOM
  32. 2026-07-01
    days on market $105,000 Active 48 DOM
  33. 2026-06-30
    days on market $105,000 Active 47 DOM
  34. 2026-06-29
    days on market $105,000 Active 46 DOM
  35. 2026-06-28
    days on market $105,000 Active 45 DOM
  36. 2026-06-28
    days on market $105,000 Active 44 DOM
  37. 2026-06-27
    days on market $105,000 Active 43 DOM
  38. 2026-06-25
    days on market $105,000 Active 41 DOM
  39. 2026-06-23
    days on market $105,000 Active 39 DOM
  40. 2026-06-21
    days on market $105,000 Active 38 DOM
  41. 2026-06-18
    days on market $105,000 Active 35 DOM
  42. 2026-06-17
    days on market $105,000 Active 34 DOM
  43. 2026-06-16
    days on market $105,000 Active 33 DOM
  44. 2026-06-15
    days on market $105,000 Active 32 DOM
  45. 2026-06-14
    days on market $105,000 Active 30 DOM
  46. 2026-06-13
    days on market $105,000 Active 29 DOM
  47. 2026-06-10
    days on market $105,000 Active 27 DOM
  48. 2026-06-09
    days on market $105,000 Active 26 DOM
  49. 2026-06-08
    days on market $105,000 Active 25 DOM
  50. 2026-06-07
    days on market $105,000 Active 24 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast GA · Resets to sale price

Current annual tax
$1,649 · $137/mo
Projected year-2 tax
$1,649 · $137/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 3/10 Moderate
  • 🌡 Heat 9/10 Extreme 7 d/yr ≥109°F today · 18 d/yr by 30 yrs out
  • 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
  • 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 8 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$21,861
− Mortgage interest
−$5,321
− Property taxes
−$1,649
− Insurance
−$475
− Repairs & maintenance
−$1,749
− Management
−$1,749
− Depreciation
−$2,764
Taxable income
$8,154
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,957
After-tax cash flow
$7,211/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $24,000–$43,200 screening

This 3-bedroom bungalow requires moderate renovations, including painting, ceiling repairs, and landscaping, to improve its resale and rental value.

Deferred maintenance Est. $50,000–$150,000 screening

  • Major Roof (roof) — No roof visible in photos
  • Major Windows (windows) — Windows appear old and possibly not sealed
  • Major Electrical (electrical) — Electrical panel not visible, could be outdated
  • Major Plumbing (plumbing) — No plumbing fixtures visible, could be old and in need of repair
  • Major Exterior (exterior) — Exterior walls appear old and possibly in need of repair

Repairs flagged

  • Major Exposed ceiling — Significant water damage
  • Major Peeling paint — Aesthetic and health concerns
  • Major Overgrown landscaping — Reduces curb appeal

Value-add opportunities

  • Both Painting — Improves aesthetics and health
  • Both Landscaping — Enhances curb appeal and property value
  • Both Ceiling repairs — Fixes potential water damage and improves safety

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 11/100

Zoned Schools

Elementary Gadsden Elementary School F GA #1,092/1,228 Nat'l #39,071/41,679 Middle Derenne Middle School F GA #408/470 Nat'l #12,966/14,009 High Groves High School F GA #348/424 Nat'l #15,957/17,239

Schools (NCES district)

District
Savannah-Chatham County
NCES district ID
1301020
Math proficiency
20% ▼ -11.00%
Reading proficiency
26% ▼ -5.00%
Median HH income
$47,443
Composite
20.14/100
National rank
#8639
State rank
#134 of 174 in GA
A Composite livability gradescore 86/100

Livability — Savannah

Score
86/100
State rank
#1
US rank
#397

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime A+ Employment D Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Savannah, GA
County
Chatham County · 332,584 people
City population
216,564
Metro
Savannah, GA
Population (ZIP)
11,082
Household income
$37,109
Rent vs Own
56.1% rent · 43.9% own
Severe rent burden
11% of renters

Population outlook (Chatham County) Hauer SSP2

Today (2025)
332,584 people
By 2030
355,508 · +6.9%
By 2040
400,030 · +20.3%
By 2050
443,019 · +33.2%
By 2075
534,579 · +60.7%
By 2100
583,863 · +75.6%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly Black (89%)
Race & ethnicity
Black 89% White 5% Hispanic / Latino 5% Two or more races 3%
Foreign-born
2% · Canada
Languages at home
95% English-only · Spanish 4%

Political lean MEDSL · Chatham

2024 margin
D (+18.0) · D 58.6% · R 40.6%
2008→2024 swing
+3.6pp toward D · 2008: 14.4pp · 2024: 18.0pp
All cycles
2024: D+18.0 2020: D+18.8 2016: D+14.5 2012: D+12.0 2008: D+14.4

Not yet ingested

Civics

Price history

+200.0% since first listed
3 events — show timeline
  • 2026-05-13 Listed $105,000 Hive MLS
  • 2013-10-11 Sold (MLS) $25,000 Hive MLS
  • 2013-07-30 Listed $35,000 Hive MLS

Property tax history

+11.7%/yr

Latest (2025): $1,649 · -16.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…