1217 Bay St #132A, Tybee Island, GA, 31328 | $712/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1217 Bay St #132A, Tybee Island, GA, 31328 | $712/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Tybee Island at 1217 Bay St #132A, Tybee Island, GA, 31328 generates $2,537/mo in rent and, after a $1,468/mo payment, leaves $712/mo in cash flow. Total monthly income is $2,537/mo, and annual cash flow is $8,538/yr on $99,450 invested. Return on cash invested sits at 28.49% in year one, and rental yield is 10.15% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 148.77% and total cumulative return in cash sums $147,948. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,537/mo property income rather than buyer’s personal income.

Condo

Built in 1981

679.54 sqft lot

$N/A/sqft

No HOA

More details about the property

Coastal 1BR/1BA 490sqft 1st Floor Condo at Savannah Beach & Racquet Club on the North End of Tybee Island. Zoned R-T, this Condo is STVR Eligible w/Annual Projected Rental Income available upon request! Open Living Area, plenty of Natural Light plus access to the Private Outdoor Balcony! Kitchen w/Stainless Steel Appliances, Granite Countertops & Pantry. Bedroom opens to hallway w/Twin Bunk Beds for Additional Renter Occupancy! Unit has potential for up to 6 in Renter Occupancy! Conveniently Located right by the Elevator. Gated Community with $350/Month HOA includes Water, Cable & Exterior Insurance/Maintenance. PLUS Beach Access, Pool, Tennis Courts, Pickleball Courts, Kayak/Bike Storage, Community Laundry Area and 1 Unassigned Parking Spot! Just Steps to the Private Community Beach Crosswalk! Easy Walk to Tybee Oaks Shopping and Local Restaurants: Seaside Sisters, Huc-A-Poo's, Zunzibar, Sugar Magnolia, Chamacos & Tybean! Watch the Ships From the Beach. 20 Minutes to Downtown Savannah

Neighborhood Data

Neighborhood data shown for ZIP Code: 31328, Tybee Island, GA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,098 (100%)
Owner Occupied HU	1,306 (42.2%)
Renter Occupied HU	317 (10.2%)
Vacant Housing Units	1,475 (47.6%)
Median Home Value	$605,556
Average Home Value	$673,654