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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 1902 Mariners Cir, Saint Simons Island, GA, 31522 offers $3,774/mo rent that, after a $2,692/mo payment. Total monthly income is $3,774/mo. Return on cash invested measures 19.69% in year one, and rental yield stands at 8.23% at a $550,000 entry. Equity gained on principal adds $3,549/yr while 5% annual appreciation compounds into $151,955 by year five. Five-year ROI records 102.68% and total cumulative return in cash reaches $185,794. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,774/mo property income versus a $2,692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2016
3,049 sqft lot
$N/A/sqft
$4,950 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 |
|---|---|---|
| 2025-08-20 | Sold | $550,000 |
| 2025-07-15 | Pending sale | $564,900 |
| 2025-06-14 | Price change | $564,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-01 | $5398.58 | 31.91% | $214,600 | 35.65% |
| 2022-11-01 | $4092.50 | 15.49% | $158,200 | 19.67% |
| 2021-11-01 | $3543.71 | N/A | $132,200 | N/A |
What's Special
Scuttle
Listed by: Nancy Avery • eXp Realty, LLC
Mls Name: GIAOR
Mls ID: #1654005
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.
