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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 1704 Frederica Rd APT 438, Saint Simons Island, GA, 31522 uses $122,622 cash to close to unlock $1,382/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $2,760/mo, and a $1,810/mo payment keeps the spread at $115/mo. Purchase price stands at $369,900, and rental yield measures 8.95% with $2,760/mo rent. Return on cash invested shows 21.04% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 110.18% and total cumulative return in cash records $135,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,760/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
$394 monthly 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 |
|---|---|---|
| 2024-12-06 | Listed for sale | $369,900 |
| 2022-06-28 | Sold | $245,000 |
| 2018-05-31 | Sold | $222,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $2948.88 | 19.98% | $120,000 | 22.45% |
| 2022-02-16 | $2457.74 | 5.60% | $98,000 | 22.81% |
| 2021-02-16 | $2327.40 | N/A | $79,800 | N/A |
Listed by: Renee Johnson • Avalon Properties Group, LLC
Mls Name: GIAOR
Mls ID: #1650619
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.
