121 Village Creek WaySaint Simons IslandGA31522
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in Saint Simons Island at 121 Village Creek Way, Saint Simons Island, GA, 31522 priced at $532,500 converts $3,559/mo rent into $282/mo cash flow after a $2,606/mo obligation. Total monthly income equals $3,559/mo, and annual cash flow totals $3,379/yr on $175,193 invested. Return on cash invested prints 21.99% in year one, and rental yield reads 8.02% against a $532,500 entry. Equity gained on principal adds $3,436/yr, while 5% annual appreciation compiles into $147,120 by year five. Five-year ROI reaches 113.92% and total cumulative return in cash sums $199,583. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,559/mo property income covering a $2,606/mo payment, not borrower’s personal income.
Single Family
Built in 2005
6,534 sqft lot
$N/A/sqft
$325 annually HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,268
Single Family
9,782
Multi-Family
1,486
Businesses
1,233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tamara Green • BHHS Hodnett Cooper Real Estate
Mls Name: GIAOR
Mls ID: #1648824
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.