1000 Sea Island Rd #61Saint Simons IslandGA31522
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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 Saint Simons Island at 1000 Sea Island Rd #61, Saint Simons Island, GA, 31522 uses $112,710 cash to close to unlock $3,046/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $2,323/mo, and a $1,664/mo payment keeps the spread at $254/mo. Purchase price stands at $340,000, and rental yield measures 8.2% with $2,323/mo rent. Return on cash invested shows 22.61% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 117.19% and total cumulative return in cash records $132,090. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,323/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31522, Saint Simons Island, GA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,268
Single Family
9,782
Multi-Family
1,486
Businesses
1,233
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Listed by: Georgia Usry • DeLoach Sotheby's International Realty
Mls Name: GIAOR
Mls ID: #1656550