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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 117 Rice Ml, Saint Simons Island, GA, 31522 generates $7,637/mo in rent, after a $6,608/mo payment. Total monthly income is $7,637/mo. Return on cash invested sits at 17.85% in year one, and rental yield is 6.79% on a $1,350,000 entry. Equity gained on principal adds $8,711/yr, while 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 91.89% and total cumulative return in cash sums $401,921. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,637/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.42 Acres lot
$N/A/sqft
$1,020 quarterly 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 |
|---|---|---|
| 2025-06-13 | Sold | $1,350,000 |
| 2025-05-08 | Pending sale | $1,350,000 |
| 2025-05-05 | Listed for sale | $1,350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $4838.30 | 355.44% | $191,800 | 352.79% |
| 2022-10-14 | $1062.34 | -8.22% | $42,360 | 66.77% |
| 2021-10-14 | $1157.50 | N/A | $25,400 | N/A |
Listed by: Melissa Johnson • St Marys Realty Inc Island Si
Mls Name: GIAOR
Mls ID: #1653764
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.
