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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Saint Simons Island at 146 Rice Ml, Saint Simons Island, GA, 31522 offers a 10.82% rental yield on a $860,000 purchase with $7,754/mo rent. Total monthly income registers $7,754/mo, and a $4,209/mo payment leaves $2,412/mo available for distribution. Annual cash flow reaches $28,942/yr on $282,940 to close, and return on cash invested stands at 30.29% in year one. Equity gained on principal adds $5,549/yr while 5% annual appreciation supports $237,602 over five years. Portfolio math shows five-year ROI at 158.49% and total cumulative return in cash at $448,445. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,754/mo property income against a $4,209/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.56 Acres lot
$N/A/sqft
$325 quarterly HOA
Neighborhood data shown for ZIP Code: 31522, Saint Simons Island, GA area.
| 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 |
Residential
11,268
Single Family
9,782
Multi-Family
1,486
Businesses
1,233
Date | Event | Price |
|---|---|---|
| 2025-02-07 | Listed for sale | $860,000 |
| 2014-10-02 | Sold | $300,000 |
| 1999-04-01 | Sold | $382,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $5962.79 | 6.84% | $237,560 | 9.19% |
| 2022-02-16 | $5581.18 | 21.09% | $217,560 | 25.47% |
| 2021-02-16 | $4609.12 | N/A | $173,400 | N/A |
What's Special
Pull Down Stairs
Listed by: Patsy Bryan • BHHS Hodnett Cooper Real Estate
Mls Name: GIAOR
Mls ID: #1651783
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.
