1509 Miller AveTybee IslandGA31328
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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 Tybee Island at 1509 Miller Ave, Tybee Island, GA, 31328 listed at $664,000 pairs $3,329/mo rent with a $3,250/mo payment. Total monthly income runs $3,329/mo. Return on cash invested measures 16.15% in year one, and rental yield registers 6.02% at a $664,000 basis. Equity gained on principal adds $4,285/yr, and annual property appreciation at 5% supports $183,451 by year five. Five-year ROI tracks 82.5% and total cumulative return in cash totals $180,233. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,329/mo property income relative to a $3,250/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1949
5,837 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31328, Tybee Island, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,098 (100%) |
| Owner Occupied HU | 1,306 (42.2%) |
| Renter Occupied HU | 317 (10.2%) |
| Vacant Housing Units | 1,475 (47.6%) |
| Median Home Value | $605,556 |
| Average Home Value | $673,654 |
Housing Distribution
Address Breakdown
Residential
987
Single Family
987
Multi-Family
0
Businesses
110
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Listed by: Kim L. Iocovozzi • Keller Williams Coastal Area P
Mls Name: Hive MLS
Mls ID: #SA341217