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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 1106 Plantation Point Dr, Saint Simons Island, GA, 31522 offers $3,329/mo rent that, after a $3,035/mo payment. Total monthly income is $3,329/mo. Return on cash invested measures 14.47% in year one, and rental yield stands at 6.44% at a $620,000 entry. Equity gained on principal adds $4,001/yr while 5% annual appreciation compounds into $171,295 by year five. Five-year ROI records 74.61% and total cumulative return in cash reaches $152,199. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,329/mo property income versus a $3,035/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
$505 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 |
|---|---|---|
| 2025-04-30 | Listed for sale | $620,000 |
| 2015-02-07 | Listing removed | $1,500 |
| 2014-12-21 | Listed for rent | $1,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-01 | $3489.51 | -2.01% | $142,000 | N/A |
| 2022-05-01 | $3561.22 | 25.19% | $142,000 | 29.09% |
| 2021-05-01 | $2844.60 | N/A | $110,000 | N/A |
What's Special
Pull Down Stairs
Listed by: Linda Williams • Coastal Georgia Real Estate Associates
Mls Name: GIAOR
Mls ID: #1653638
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.
