1217 Bay Street #109BTybee IslandGA31328
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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
Investment Highlights
Investment property for sale in Tybee Island at 1217 Bay Street #109B, Tybee Island, GA, 31328 uses $132,269 cash to close to unlock $1,050/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $2,516/mo, and a $1,953/mo payment keeps the spread at $88/mo. Purchase price stands at $399,000, and rental yield measures 7.57% with $2,516/mo rent. Return on cash invested shows 20.7% in year one, and 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 106.97% and total cumulative return in cash records $141,494. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,516/mo property income covering a $1,953/mo payment rather than investor’s personal income.
Condo
Built in 1986
871.20 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
987
Single Family
987
Multi-Family
0
Businesses
110
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Listed by: Tiffany M. Wolfe • McIntosh Realty Team LLC
Mls Name: Hive MLS
Mls ID: #SA333138