205 Palmetto StSaint Simons IslandGA31522
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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
Investment Highlights
Investment property for sale in Saint Simons Island at 205 Palmetto St, Saint Simons Island, GA, 31522 with 5% annual appreciation on a $605,000 basis while $4,044/mo rent supports operations. Total monthly income totals $4,044/mo and a $2,961/mo payment preserves $362/mo for cash returns. Annual cash flow comes to $4,344/yr on $199,045 deployed, and return on cash invested reaches 22.24% in year one. Equity gained on principal adds $3,904/yr, and five-year appreciation sums $167,150 alongside rental yield of 8.02%. Five-year ROI measures 115.21% and total cumulative return in cash totals $229,330.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,044/mo property income versus a $2,961/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
6,098 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,268
Single Family
9,782
Multi-Family
1,486
Businesses
1,233
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Listed by: Rebecca Gould Strother • Duckworth Properties BWK
Mls Name: GIAOR
Mls ID: #1655153
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.