1609 Strand #107Tybee 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 1609 Strand #107, Tybee Island, GA, 31328 offers a 7.88% rental yield on a $580,000 purchase with $3,809/mo rent. Total monthly income registers $3,809/mo, and a $2,839/mo payment leaves $279/mo available for distribution. Annual cash flow reaches $3,346/yr on $190,820 to close, and return on cash invested stands at 21.81% in year one. Equity gained on principal adds $3,743/yr while 5% annual appreciation supports $160,243 over five years. Portfolio math shows five-year ROI at 112.88% and total cumulative return in cash at $215,397. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,809/mo property income against a $2,839/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2000
435.60 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: Susan D. Hill • Century 21 Solomon Properties
Mls Name: Hive MLS
Mls ID: #307097