1 Alger AveTybee 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
Investment property for sale in Tybee Island at 1 Alger Ave, Tybee Island, GA, 31328 offers a 5.94% rental yield on a $849,000 purchase with $4,200/mo rent. 91% in year one. Equity gained on principal adds $5,478/yr while 5% annual appreciation supports $234,563 over five years. Portfolio math shows five-year ROI at 81.22% and total cumulative return in cash at $226,868. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,200/mo property income against a $4,155/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
6,969 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: Alison T. Harris • Keller Williams Coastal Area P
Mls Name: Hive MLS
Mls ID: #SA338927