1217 Bay Street #117BTybee 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 #117B, Tybee Island, GA, 31328 earns $599/mo cash flow from $2,729/mo rent with a $1,713/mo payment. Total monthly income totals $2,729/mo, and annual cash flow totals $7,188/yr on $115,992 capital. ROI tracks 26.11% on current figures, and rental yield reads 9.36% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 135.99% and total cumulative return in cash sums $157,734. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,729/mo property income instead of your personal income.
Condo
Built in 1981
679.54 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: Susan D. Hill • Century 21 Solomon Properties
Mls Name: Hive MLS
Mls ID: #SA346385