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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 202 Vassar Point Dr, Saint Simons Island, GA, 31522 listed at $1,295,000 pairs $4,662/mo rent with a $6,338/mo payment. Total monthly income runs $4,662/mo. Return on cash invested measures 11.09% in year one, and rental yield registers 4.32% at a $1,295,000 basis. Equity gained on principal adds $8,356/yr, and annual property appreciation at 5% supports $357,785 by year five. Five-year ROI tracks 55.35% and total cumulative return in cash totals $232,218. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,662/mo property income relative to a $6,338/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
0.37 Acres lot
$N/A/sqft
$300 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 |
|---|---|---|
| 2025-07-28 | Listed for sale | $1,295,000 |
| 2025-07-27 | Listing removed | $1,325,000 |
| 2025-05-09 | Listed for sale | $1,325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-28 | $4002.99 | -12.96% | $278,600 | 56.17% |
| 2022-07-28 | $4599.10 | -1.48% | $178,400 | 1.55% |
| 2021-07-28 | $4668.07 | N/A | $175,680 | N/A |
Listed by: Melinda Laager • BHHS Hodnett Cooper Real Estate
Mls Name: GAMLS
Mls Provider:
Mls ID: #10572703
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 2025 GAMLS. All rights reserved.
