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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% |
Rental property for sale in Saint Simons Island at 1803 Mariners Cir, Saint Simons Island, GA, 31522 priced at $679,900 converts $6,623/mo rent into $2,097/mo cash flow after a $3,328/mo obligation. Total monthly income equals $6,623/mo, and annual cash flow totals $25,167/yr on $223,687 invested. Return on cash invested prints 31.31% in year one, and rental yield reads 11.69% against a $679,900 entry. Equity gained on principal adds $4,387/yr, while 5% annual appreciation compiles into $187,844 by year five. Five-year ROI reaches 164.58% and total cumulative return in cash sums $368,153. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,623/mo property income covering a $3,328/mo payment, not borrower’s personal income.
Townhouse
Built in 2016
3,049 sqft lot
$N/A/sqft
$4,650 annually 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 |
|---|---|---|
| 2024-08-26 | Price change | $679,900 |
| 2024-07-15 | Price change | $699,900 |
| 2024-06-18 | Price change | $749,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $1287.68 | -9.90% | $249,360 | 48.46% |
| 2022-10-17 | $1429.22 | -65.71% | $167,960 | 7.45% |
| 2021-10-17 | $4167.44 | N/A | $156,320 | N/A |
Listed by: Leann Duckworth • Duckworth Properties
Mls Name: GAMLS
Mls Provider:
Mls ID: #10306958
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
