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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% |
Rental property for sale in Saint Simons Island at 11 Atlantic Point Dr, Saint Simons Island, GA, 31522 priced at $1,875,000 converts $9,000/mo rent into after a $9,177/mo obligation. Total monthly income equals $9,000/mo. Return on cash invested prints 15.44% in year one, and rental yield reads 5.76% against a $1,875,000 entry. Equity gained on principal adds $12,099/yr, while 5% annual appreciation compiles into $518,028 by year five. Five-year ROI reaches 78.71% and total cumulative return in cash sums $478,178. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,000/mo property income covering a $9,177/mo payment, not borrower’s personal income.
Single Family
Built in 2015
0.41 Acres lot
$N/A/sqft
$1,000 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 |
|---|---|---|
| 2024-09-25 | Price change | $1,875,000 |
| 2024-08-28 | Listed for sale | $1,975,000 |
| 2021-04-02 | Sold | $1,000,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $8314.26 | -6.30% | $360,160 | N/A |
| 2022-10-17 | $8873.37 | -4.33% | $360,160 | 51.12% |
| 2021-10-17 | $9275.30 | N/A | $238,320 | N/A |
Listed by: Angela Harrison • Frederica Realty
Mls Name: GIAOR
Mls ID: #1648764
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.
