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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 1000 Mallery Street Ext #K81, Saint Simons Island, GA, 31522 listed at $359,900 pairs $3,480/mo rent with a $1,762/mo payment to leave $894/mo cash flow. Total monthly income runs $3,480/mo, and annual cash flow reaches $10,729/yr on $119,307 cash to close. Return on cash invested measures 28.9% in year one, and rental yield registers 11.6% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 152.4% and total cumulative return in cash totals $181,826. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,480/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
N/A lot
$N/A/sqft
$4,740 annually 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 |
|---|---|---|
| 2024-10-08 | Price change | $359,900 |
| 2024-08-30 | Price change | $389,900 |
| 2024-05-17 | Listed for sale | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $1725.31 | -19.81% | $103,600 | N/A |
| 2022-10-17 | $2151.59 | -3.03% | $103,600 | 14.10% |
| 2021-10-17 | $2218.73 | N/A | $90,800 | N/A |
Listed by: Erin Vaughn • BHHS Hodnett Cooper RE
Mls Name: GAMLS
Mls Provider:
Mls ID: #10301620
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
