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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Saint Simons Island at 100 Floyd St UNIT 203, Saint Simons Island, GA, 31522 offers a 2.92% rental yield on a $1,200,000 purchase with $2,921/mo rent. 6% in year one. Equity gained on principal adds $7,743/yr while 5% annual appreciation supports $331,538 over five years. Portfolio math shows five-year ROI at 11.31% and total cumulative return in cash at $43,979. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,921/mo property income against a $5,873/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
$1,376 monthly HOA
Neighborhood data shown for ZIP Code: 31522, Saint Simons Island, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,280 (100%) |
| Owner Occupied HU | 6,783 (55.2%) |
| Renter Occupied HU | 1,468 (12.0%) |
| Vacant Housing Units | 4,029 (32.8%) |
| Median Home Value | $607,719 |
| Average Home Value | $700,965 |
Residential
11,268
Single Family
9,782
Multi-Family
1,486
Businesses
1,233
Date | Event | Price |
|---|---|---|
| 2025-05-23 | Sold | $1,200,000 |
| 2025-05-12 | Pending sale | $1,275,000 |
| 2025-02-24 | Price change | $1,275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-30 | $7104.02 | -1.98% | $284,000 | N/A |
| 2022-09-30 | $7247.44 | 9.98% | $284,000 | 18.33% |
| 2021-09-30 | $6590.00 | N/A | $240,000 | N/A |
Listed by: Debi Mason • Coastal Real Estate, Inc.
Mls Name: GIAOR
Mls ID: #1651060
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
