1440 Ocean Blvd UNIT 127Saint 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
Investment property for sale in Saint Simons Island at 1440 Ocean Blvd UNIT 127, Saint Simons Island, GA, 31522 listed at $647,000 pairs $1,948/mo rent with a $3,167/mo payment. Total monthly income runs $1,948/mo. Return on cash invested measures 8.84% in year one, and rental yield registers 3.61% at a $647,000 basis. Equity gained on principal adds $4,175/yr, and annual property appreciation at 5% supports $178,754 by year five. Five-year ROI tracks 43.32% and total cumulative return in cash totals $92,204. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,948/mo property income relative to a $3,167/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1984
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: Rene' Garland • Coldwell Banker Access Realty KGLD
Mls Name: GIAOR
Mls ID: #1657883