Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 2200 Prince Ln, Saint Simons Island, GA, 31522 priced at $925,000 pairs $8,461/mo rent with $2,057/mo cash flow after a $4,527/mo payment. Total monthly income equals $8,461/mo, and annual cash flow comes to $24,681/yr on $304,325 invested. Return on cash invested is 28.17% in year one, and rental yield stands at 10.98% on a $925,000 basis. Equity gained on principal adds $5,969/yr, and 5% annual appreciation accumulates to $255,560 by year five. Five-year ROI measures 148.08% and total cumulative return in cash reaches $450,637. For financing, Ziffy Mortgage’s DSCR program evaluates $8,461/mo property income against a $4,527/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2009
N/A lot
$N/A/sqft
$9,300 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 |
|---|---|---|
| 2024-09-09 | Listing removed | $925,000 |
| 2024-07-06 | Pending sale | $925,000 |
| 2024-06-17 | Listed for sale | $925,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | $7372.20 | 23.72% | $300,000 | 26.26% |
| 2022-09-15 | $5958.76 | -3.02% | $237,600 | 20.00% |
| 2021-09-15 | $6144.33 | N/A | $198,000 | N/A |
Listed by: Melinda Laager • BHHS Hodnett Cooper RE
Mls Name: GAMLS
Mls Provider:
Mls ID: #10322769
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 2024 GAMLS. All rights reserved.
