1406 Mariners CirSaint 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
Rental property for sale in Saint Simons Island at 1406 Mariners Cir, Saint Simons Island, GA, 31522 priced at $499,900 converts $4,337/mo rent into $780/mo cash flow after a $2,447/mo obligation. Total monthly income equals $4,337/mo, and annual cash flow totals $9,356/yr on $165,717 invested. Return on cash invested prints 25.55% in year one, and rental yield reads 10.41% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 134.34% and total cumulative return in cash sums $222,624. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,337/mo property income covering a $2,447/mo payment, not borrower’s personal income.
Townhouse
Built in 2016
2,178 sqft lot
$N/A/sqft
$413 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-02-06 | Listed for sale | $499,900 |
| 2017-02-28 | Sold | $280,490 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $5369.09 | 31.87% | $213,400 | 35.61% |
| 2022-02-16 | $4071.43 | 15.53% | $157,360 | 19.72% |
| 2021-02-16 | $3524.05 | N/A | $131,440 | N/A |
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Facts & Features
General Information
- Type: Townhouse
- Year Built: 2016
- Architectural Style: N/A
- Building Area: N/A
- Living Area: 1,772 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Central, Electric
- Cooling: Central Air, Electric
- Flooring: Carpet, Vinyl
- Interior Features: Breakfast Bar, Crown Molding, Kitchen Island, Pantry, Ceiling Fan(s)
- Exterior Features: Porch, Paved Driveway
- Parking Features: Attached, Driveway, Garage Door Opener, Paved
Location
- City: Saint Simons Island
- State: GA
- Subdivision: Mariners Landing
- Lot Size: 2,178 sqft
- Lot Features: Subdivision
- View: Other, Residential
HOA & Fees
- HOA Fee: $413 monthly
- Association Fee: $413 monthly
- Fees & Dues: N/A
- Association Amenities: Gated, Pool
- Association Fee Includes: Maintenance Grounds, Pest Control
Utilities
- Utilities: Cable Available, Electricity Available, Sewer Available, Sewer Connected
- Sewer: N/A
- Water Source: Public
- Road Surface Type: Asphalt
School Information
- Elementary School: St. Simons
- Middle School: Glynn Middle
- High School: Glynn Academy
Listed by: LeAnn Duckworth • Duckworth Properties BWK
Mls Name: GIAOR
Mls ID: #1651760
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.