137 Merion, Saint Simons Island, GA, 31522 | 4.09% Rental Yield

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137 Merion, Saint Simons Island, GA, 31522 | 4.09% Rental Yield | Ziffy

For Sale

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 Saint Simons Island at 137 Merion, Saint Simons Island, GA, 31522 priced at $1,595,000 pairs $5,435/mo rent with after a $7,807/mo payment. Total monthly income equals $5,435/mo. Return on cash invested is 10.45% in year one, and rental yield stands at 4.09% on a $1,595,000 basis. Equity gained on principal adds $10,292/yr, and 5% annual appreciation accumulates to $440,669 by year five. Five-year ROI measures 51.88% and total cumulative return in cash reaches $268,085. For financing, Ziffy Mortgage’s DSCR program evaluates $5,435/mo property income against a $7,807/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1985

0.42 Acres lot

$N/A/sqft

No HOA

More details about the property

Situated near the Island Clubs Retreat Golf Course and just a short walk to the clubhouse, this beautifully updated home offers a flexible layout and refined features that make everyday living effortless. The formal living room showcases custom millwork and a fireplace, while the adjacent dining area flows into a spacious kitchen outfitted with multiple cabinets for storage and expansive prep space. A second living area toward the back of the home features vaulted ceilings, a stone fireplace, and a wet barideal for casual gatherings. French doors lead out to a back deck complete with an outdoor kitchen and wood-burning fireplace, perfect for dining al fresco or unwinding on cool evenings. Three private bedroom suites each offer their own en-suite bath, including a generously sized primary suite with a sitting area and a beautifully appointed bathroom. Recent improvements, including a new roof and windows, bring comfort and peace of mind. With gracious interiors, multiple living spaces, and a desirable location within one of St. Simons Islands most established gated communities, this home offers both quality and value at an attractive price point.

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