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
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: 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.