1401 Palmetto AveBrunswickGA31520
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Brunswick at 1401 Palmetto Ave, Brunswick, GA, 31520 with 5% annual appreciation on a $399,000 basis while $1,970/mo rent supports operations. 75% in year one. Equity gained on principal adds $2,575/yr, and five-year appreciation sums $110,236 alongside rental yield of 5.92%. Five-year ROI measures 80.41% and total cumulative return in cash totals $106,358. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,970/mo property income versus a $1,953/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1915
0.29 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 31520, Brunswick, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,319 (100%) |
| Owner Occupied HU | 3,859 (37.4%) |
| Renter Occupied HU | 5,011 (48.6%) |
| Vacant Housing Units | 1,449 (14.0%) |
| Median Home Value | $167,500 |
| Average Home Value | $281,158 |
Housing Distribution
Address Breakdown
Residential
9,251
Single Family
8,808
Multi-Family
443
Businesses
1,665
Price History
Date | Event | Price |
|---|---|---|
| 2024-12-20 | Pending sale | $399,000 |
| 2024-10-23 | Listed for sale | $399,000 |
| 2020-04-23 | Sold | $220,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-01-09 | $1160.73 | -22.35% | $97,880 | 30.23% |
| 2022-01-09 | $1494.79 | -6.52% | $75,160 | 158.10% |
| 2021-01-09 | $1598.98 | N/A | $29,120 | N/A |
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1915
- Architectural Style: Bungalow/Cottage
- Building Area: 1,810
- Living Area: 1,810 sqft
- Property Condition: Updated/Remodeled
Features & Amenities
- Heating: Central
- Cooling: Central Air
- Flooring: Hardwood, Tile
- Interior Features: Double Vanity, Master Downstairs, Separate Shower, Split Bedroom Plan, Tile Bath, Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Off Street
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: None
Utilities
- Utilities: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Connected, Water Available
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: St Simons
- Middle School: Glynn
- High School: Glynn Academy
What's Special
Pull Down Stairs
Listed by: Amy Houston • Gardner Keim Coastal Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10420721
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.