1 3rd Street #2Tybee IslandGA31328
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Tybee Island at 1 3rd Street #2, Tybee Island, GA, 31328 offers $3,600/mo rent that, after a $5,262/mo payment. Total monthly income is $3,600/mo. Return on cash invested measures 10.23% in year one, and rental yield stands at 4.02% at a $1,075,000 entry. Equity gained on principal adds $6,937/yr while 5% annual appreciation compounds into $297,003 by year five. Five-year ROI records 50.7% and total cumulative return in cash reaches $176,574. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,600/mo property income versus a $5,262/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31328, Tybee Island, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,098 (100%) |
| Owner Occupied HU | 1,306 (42.2%) |
| Renter Occupied HU | 317 (10.2%) |
| Vacant Housing Units | 1,475 (47.6%) |
| Median Home Value | $605,556 |
| Average Home Value | $673,654 |
Housing Distribution
Address Breakdown
Residential
987
Single Family
987
Multi-Family
0
Businesses
110
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Listed by: Lee Ann Marsh • Century 21 Solomon Properties
Mls Name: Hive MLS
Mls ID: #SA345375