103 Kingsmarsh Way, Saint Simons Island, GA, 31522 | 7.01% Rental Yield

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103 Kingsmarsh Way, Saint Simons Island, GA, 31522 | 7.01% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Saint Simons Island at 103 Kingsmarsh Way, Saint Simons Island, GA, 31522 priced at $599,990 converts $3,506/mo rent into after a $2,937/mo obligation. Total monthly income equals $3,506/mo. Return on cash invested prints 19.17% in year one, and rental yield reads 7.01% against a $599,990 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,766 by year five. Five-year ROI reaches 98.75% and total cumulative return in cash sums $194,925. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,506/mo property income covering a $2,937/mo payment, not borrower’s personal income.

Condo

Built in 1999

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to 103 Kings Marsh Villa, a beautifully updated 3-bedroom, 3-bath condo ideally located in the heart of St. Simons Island. This spacious, single-level flat offers serene marsh views, covered parking, and access to a community pool-all within walking distance to popular restaurants and shopping. The open floor plan features a generous kitchen with bar seating that flows seamlessly into the dining and living areas. The living room is anchored by a cozy fireplace with built-in shelving and opens to a screened porch overlooking the marsh-perfect for relaxing or entertaining. Each bedroom is generously sized with ample closet space. The primary suite is a standout, showcasing a fully renovated bathroom and a custom walk-in closet. Additional conveniences include a private storage unit in the carport, ideal for bikes and beach gear. Tucked away for privacy yet close to everything, this move-in-ready condo offers the best of island living. Don't miss the opportunity to make it yours!

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