1608 Jones Ave #12Tybee 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 1608 Jones Ave #12, Tybee Island, GA, 31328 listed at $347,900 pairs $2,749/mo rent with a $1,703/mo payment to leave $262/mo cash flow. Total monthly income runs $2,749/mo, and annual cash flow reaches $3,146/yr on $115,329 cash to close. Return on cash invested measures 22.64% in year one, and rental yield registers 9.48% at a $347,900 basis. Equity gained on principal adds $2,245/yr, and annual property appreciation at 5% supports $96,118 by year five. Five-year ROI tracks 118.77% and total cumulative return in cash totals $136,971. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,749/mo property income relative to a $1,703/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1977
871.20 sqft lot
$N/A/sqft
$300 monthly 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: Brent Palmer • Waterline Real Estate Group LLC
Mls Name: Savannah Multi-List Corp
Mls Provider:
Mls ID: #325176
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.