20 Waterfront Dr APT 121, Saint Simons Island, GA, 31522 | 6.85% Rental Yield

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20 Waterfront Dr APT 121, Saint Simons Island, GA, 31522 | 6.85% Rental Yield | Ziffy

For Sale

Motivated Seller

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Saint Simons Island at 20 Waterfront Dr APT 121, Saint Simons Island, GA, 31522 earns from $4,310/mo rent with a $3,695/mo payment. Total monthly income totals $4,310/mo. ROI tracks 18.68% on current figures, and rental yield reads 6.85% at a $755,000 purchase. Equity gained on principal adds $4,872/yr, and 5% annual appreciation supports $208,593 over five years. Five-year ROI reaches 96.12% and total cumulative return in cash sums $238,755. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,310/mo property income instead of your personal income.

Condo

Built in 2008

N/A lot

$N/A/sqft

No HOA

More details about the property

Live Every Day Like Youre on Vacation! Experience premier deepwater Intracoastal living on St. Simons Island in this beautifully refreshed, 3-bedroom, 3-bath end-unit condo at The Waterfront. Offering one of the communitys largest floor plans at 1,817 sq ftthats 267 sq ft larger than standard unitsthis home delivers both space and luxury with unobstructed views of St. Simons Sound, the Frederica River, and Morningstar Marina from nearly every room. Step inside to an open, light-filled layout featuring a gas fireplace, upgraded kitchen with island seating, stainless steel appliances, new dishwasher, and new HVAC (Nov 2023). The expansive primary suite includes its own intimate private terrace, custom walk-in closet with gun safe, soaking tub, tiled shower, dual vanities, and a linen closet with built-ins. A split-bedroom design provides privacy for the second ensuite bedroom, while a third bedroom/office with full hall bath offers flexible living options. Relax on the intimate covered private terrace, or take advantage of the gated communitys exceptional amenitiespool, hot tub, pavilion, and marina access. Ideally located just minutes from Pier Village, shops, dining, and beaches. Travel is easy with Savannah and Jacksonville airports about an hour away, and Brunswicks local airport only 15 minutes from home. Furnished, Turnkey, Move-in readyideal as a primary residence, vacation getaway, or income-producing investment. Motivated sellerbring your offer! Schedule your private showing today! Copy and paste the video in your browser: https://youtu.be/8CvnKyYlzhw?si=rxa1gZqXCsZG1E8w

Neighborhood Data

Neighborhood data shown for ZIP Code: 31522, Saint Simons Island, GA area.

Housing Distribution

Housing Statistics

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