BRRRR in Savannah, Georgia

Local Snapshot — Savannah, Georgia

Savannah combines historic charm with tourism demand, port activities, and education sector providing diverse BRRRR opportunities. The city's tourism industry supports short-term rental potential while SCAD and port operations create steady rental demand. Historic district properties command premiums but require specialized renovation expertise.

Last updated: 2024-09-24

Sources: Tax• Vacancy• DOM

Local BRRRR Notes

• Inventory & comps: Verify comparable sales supporting your ARV; track days on market and supply trends.
• Rent checks: Confirm realistic rent using multiple sources; underwrite concessions and lease‑up time.
• Permit timelines: Speak with local building departments for scope‑specific requirements.
• Contractor bench: Line up multiple bids and references; enforce clear milestone payments.
• Exit & DSCR: Size loan proceeds under conservative DSCR and rate scenarios.

Talk to a financing specialist to structure your deal.

Financing Benchmarks

• Target DSCR ≥ 1.25–1.35x given Georgia's stable economic growth and rental markets.
• Purchase LTV typically 75–85% for qualified investors in primary markets.
• Refi LTV commonly 70–80% subject to updated appraisal and market conditions.
• Seasoning requirements 6–12 months; established investor relationships may qualify for shorter periods.
• Carry 10–15% rehab contingency due to skilled labor demand and material cost fluctuations.
• Maintain 8–12 months reserves; Georgia markets show good resilience to economic cycles.
• Property management costs typically 8-10% of gross rents in major metros.