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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% |
Investment property for sale in Saint Simons Island at 121 Grove Ln, Saint Simons Island, GA, 31522 listed at $1,700,000 pairs $5,568/mo rent with a $8,321/mo payment. Total monthly income runs $5,568/mo. Return on cash invested measures 9.63% in year one, and rental yield registers 3.93% at a $1,700,000 basis. Equity gained on principal adds $10,970/yr, and annual property appreciation at 5% supports $469,679 by year five. Five-year ROI tracks 47.62% and total cumulative return in cash totals $262,267. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,568/mo property income relative to a $8,321/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1938
0.28 Acres lot
$N/A/sqft
$1,800 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 |
|---|---|---|
| 2024-11-26 | Listed for sale | $1,700,000 |
| 2017-03-28 | Listing removed | $835,000 |
| 2016-08-10 | Price change | $835,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $7835.34 | -1.98% | $313,760 | N/A |
| 2022-02-16 | $7993.79 | -2.44% | $313,760 | 0.56% |
| 2021-02-16 | $8193.32 | N/A | $312,000 | N/A |
Listed by: Freddy Stroud • Georgia Coast Realty
Mls Name: GIAOR
Mls ID: #1650439
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.
