2624 Aimar Ave · Savannah, GA 31406

$229,900

3 bd · 1.0 ba · 1,269 sqft · SingleFamily public records · 62 Days on market

Built 1959 7,501 sqft lot $181/sqft · 11% below area Est $259k · 11% under

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Why this score? — see what drove the D+ 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 +17.1/30.0
• ARV discount +12.5/15.0
• DSCR +5.3/10.0
• Livability +4.3/5.0
• 1% rule +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this 3 bedroom, 1 bathroom home located in the convenient Bona Bella community. Step inside to find newly updated flooring throughout and a spacious main living area filled with natural light, offering a comfortable setting for everyday living and entertaining. The kitchen has been updated with stylish cabinetry and buter block countertops. All three bedrooms offer comfortable space and flexibility for family and guests. The bathroom features a tiled-in tub/shower with a clean, modern finish. Located just minutes from shopping, dining, and everyday conveniences, this home presents a fantastic opportunity for homeowners and investors alike.

Key facts

• Bona bella community
• Updated kitchen
• Tiled-in tub/shower

Tags

• BONA BELLA COMMUNITY
• NEWLY UPDATED FLOORING
• SPACIOUS MAIN LIVING AREA
• UPDATED KITCHEN
• BUTCHER BLOCK COUNTERTOPS
• TILED-IN TUB/SHOWER

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $160 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (13.4% below list).
• Recommended offer: $199k (13.4% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 4.0% 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: Rents flat; 176 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 2,694 units permitted in Chatham County in 2024 (973 in 5+ unit buildings).
• This rent runs 36% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 62 days — a 6% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $40k; list at $230k implies a 475% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1959 — 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 $199,025 (13.4% below list)

Questions for the listing agent

1. It's been on market 62 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1959 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.87% ✗
• Cap rate: 7.13%
• Cash-on-cash: 2.98%
• DSCR: 1.13
• GRM: 9.6

CMA / ARV

• ARV (median comp): $258,856
• List price: $229,900
• Delta: -11.19%
• 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
2627 Bismark Ave	0.21mi	2/1.0 (-1)	1,247 (-2%)	7mo	$220,000	$176	76
5 Hughes Ave	0.42mi	3/1.0	1,176 (-7%)	11mo	$260,000	$221	59
5904 Betty Dr	0.56mi	3/2.0	1,284 (+1%)	13mo	$330,000	$257	57
5415 Barry St	0.66mi	3/2.0	1,250 (-2%)	7mo	$200,000	$160	57
5633 Lafitte Dr	0.44mi	3/2.0	1,184 (-7%)	10mo	$295,000	$249	56
5904 Fairview Ave	0.61mi	3/1.0	1,350 (+6%)	7mo	$229,900	$170	55
5012 Spartan Dr	0.64mi	3/1.5	1,320 (+4%)	10mo	$215,000	$163	53
34 Silverstone Cir	0.45mi	3/1.5	1,404 (+11%)	8mo	$321,000	$229	53
13 Hughes Ave	0.36mi	3/1.0	1,080 (-15%)	11mo	$271,218	$251	50
10 Arrowhead Ct	0.49mi	3/2.0	1,125 (-11%)	9mo	$320,000	$284	46
5604 Jan St	0.57mi	3/1.0	1,108 (-13%)	10mo	$202,000	$182	44
5914 Fairview Ave	0.65mi	3/1.0	1,428 (+12%)	12mo	$255,000	$179	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 · 0.04% rent growth · sell at horizon

5-year hold

• IRR: -14.7%
• Equity multiple: 0.49×
• Total profit: $-32,921
• Equity at exit: $34,279

10-year hold

• IRR: -11.2%
• Equity multiple: 0.41×
• Total profit: $-38,158
• Equity at exit: $19,878

Cash invested: $64,372 (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.

Methodology + full state rankings →

ZIP-level market 31406

• Rents YoY: 0.0%
• Active inventory: 176
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,990 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$111 /mo · $1,335/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$418
• Net cashflow: $160

Break-even live

Break-even rent $1,788

Max offer price $229,900

Occupancy floor 87%

Sensitivity live

Price	-10% $290	-5% $225	+0% $160	+5% $95	+10% $30
Rent	-10% $2	-5% $81	+0% $160	+5% $238	+10% $317
Rate	-1.0pp $275	-0.5pp $218	base $160	+0.5pp $100	+1.0pp $39

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2619 Livingston Ave Savannah, GA	3.0	1.5	1300	$1,555	$1.20	24d	1	0.14mi
5350 La Roche Ave Savannah, GA	2.0	1.0	904	$1,780	$1.97	44d	1	0.37mi
5505 Betty Dr Savannah, GA	3.0	2.0	1550	$1,859	$1.20	44d	1	0.51mi
2233 E De Renne Ave Savannah, GA	4.0	2.0	1476	$2,400	$1.63	24d	1	0.59mi
5908 Fairview Ave Savannah, GA	3.0	2.0	1625	$1,950	$1.20	44d	1	0.64mi
28 Gerald Dr Savannah, GA	4.0	2.0	1519	$2,650	$1.74	21d	1	0.77mi
5 Sidney Dr Savannah, GA	3.0	2.0	1700	$2,600	$1.53	24d	1	0.86mi
132 Neva Ave Savannah, GA	3.0	2.0	1063	$1,735	$1.63	24d	1	0.97mi
2345 Ranchland Dr Savannah, GA	3.0	1.0	1098	$2,100	$1.91	14d	1	1.05mi
2337 Shirley Dr Savannah, GA	3.0	2.0	1850	$2,600	$1.41	24d	1	1.07mi
30 Pine Valley Rd Savannah, GA	3.0	1.0	1133	$1,950	$1.72	44d	1	1.08mi
24 N Parkwood Dr Savannah, GA	3.0	2.0	1277	$2,200	$1.72	14d	1	1.12mi
3715 Skidaway Rd Savannah, GA	3.0	2.0	1154	$1,895	$1.64	24d	1	1.21mi
200 Varnedoe Dr Savannah, GA	2.0	1.0	900	$1,125	$1.25	24d	1	1.33mi
2902 River Dr Unit D301 Savannah, GA	3.0	2.0	1800	$4,700	$2.61	44d	1	1.39mi
2114 E 62nd St Savannah, GA	3.0	1.5	920	$1,995	$2.17	24d	1	1.42mi
2114 E 62nd St Savannah, GA	3.0	1.5	920	$1,995	$2.17	14d	1	1.42mi

Listing history 18 events

1. 2026-06-18
   days on market $229,900 Active 62 DOM
2. 2026-06-17
   days on market $229,900 Active 61 DOM
3. 2026-06-16
   days on market $229,900 Active 60 DOM
4. 2026-06-15
   days on market $229,900 Active 59 DOM
5. 2026-06-14
   days on market $229,900 Active 57 DOM
6. 2026-06-13
   days on market $229,900 Active 56 DOM
7. 2026-06-10
   days on market $229,900 Active 54 DOM
8. 2026-06-09
   days on market $229,900 Active 53 DOM
9. 2026-06-08
   days on market $229,900 Active 52 DOM
10. 2026-06-07
    days on market $229,900 Active 51 DOM
11. 2026-06-05
    days on market $229,900 Active 48 DOM
12. 2026-06-03
    days on market $229,900 Active 47 DOM
13. 2026-06-02
    days on market $229,900 Active 46 DOM
14. 2026-06-01
    days on market $229,900 Active 45 DOM
15. 2026-05-31
    days on market $229,900 Active 44 DOM
16. 2026-05-30
    days on market $229,900 Active 43 DOM
17. 2026-04-17
    listed $229,900 Active 658-char remark

    Show marketing remark (658 chars)

    Welcome to this 3 bedroom, 1 bathroom home located in the convenient Bona Bella community. Step inside to find newly updated flooring throughout and a spacious main living area filled with natural light, offering a comfortable setting for everyday living and entertaining. The kitchen has been updated with stylish cabinetry and buter block countertops. All three bedrooms offer comfortable space and flexibility for family and guests. The bathroom features a tiled-in tub/shower with a clean, modern finish. Located just minutes from shopping, dining, and everyday conveniences, this home presents a fantastic opportunity for homeowners and investors alike.

18. 1995-06-22
    soldstatus $40,000

ⓘ 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: $1,335 · $111/mo
• Projected year-2 tax: $2,115 · $176/mo
• Expected delta: +$780/yr (+$65/mo · 58.5%)

ⓘ 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 10/10 Extreme 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,883
• − Mortgage interest: −$12,878
• − Property taxes: −$1,335
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,911
• − Management: −$1,911
• − Depreciation: −$6,688
• Taxable loss: −$1,989
• Est. tax savings @ 24.0%: +$477
• After-tax cash flow: $2,393/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.

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

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

• County: Chatham County · 271,602 people
• City population: 216,564
• Metro: Savannah, GA
• Population (ZIP): 34,904
• Household income: $67,120
• Rent vs Own: 40.3% rent · 59.7% own
• Severe rent burden: 1453.0

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: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: White 47% Black 38% Hispanic / Latino 7% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Slovak 3% Lithuanian 1% Serbian 1%
• Foreign-born: 7% · Canada, China, Vietnam
• Languages at home: 91% English-only · Spanish 4% Chinese 2% Other Asian/Pacific 1%

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: —

Market trends

• HPI YoY: ▼ -240.18%
• Current HPI: 280.3587
• Rent YoY: ▬ 0.04%
• Metro: Savannah, GA
• State GDP YoY: ▲ 2.66%
• F500 in state: 28

Industry mix (Fortune 500 HQ in GA)

Industry	F500 HQs	Revenue
▸Paper / Packaging	2	$29B
▸Retail	1	$160B
▸Transportation / Logistics	1	$91B
▸Airlines	1	$62B
▸Consumer Goods	1	$47B
▸Utilities	1	$25B

Price history

+474.7% since first listed

2 events — show timeline

• 2026-04-17 Listed $229,900 Hive MLS
• 1995-06-22 Sold (Public Records) $40,000 Public Records

Property tax history

+1.1%/yr

Latest (2025): $1,335 · +3.1% YoY. Source: county tax records.