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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 203 3rd Ave, Saint Simons Island, GA, 31522 offers a 10.13% rental yield on a $468,900 purchase with $3,960/mo rent. Total monthly income registers $3,960/mo, and a $2,295/mo payment leaves $1,106/mo available for distribution. Annual cash flow reaches $13,275/yr on $155,440 to close, and return on cash invested stands at 28.45% in year one. Equity gained on principal adds $3,026/yr while 5% annual appreciation supports $129,548 over five years. Portfolio math shows five-year ROI at 148.52% and total cumulative return in cash at $230,868. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,960/mo property income against a $2,295/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
3,920 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Heather Folsom • Coastal Realty Solutions
Mls Name: GIAOR
Mls ID: #1655234
