1301 Grand View DrSaint Simons IslandGA31522
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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
Total monthly income runs $3,315/mo, and a $3,671/mo payment. Purchase price stands at $750,000, and rental yield measures 5.3% with $3,315/mo rent. Return on cash invested shows 13.98% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 70.9% and total cumulative return in cash records $174,942. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,315/mo property income covering a $3,671/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
No 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
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Listed by: Margie Stockton • Harry Norman, REALTORS
Mls Name: GIAOR
Mls ID: #1658395