240 W Gorrie Dr #E-4Saint George IslandFL32328
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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
Rental property for sale in Saint George Island at 240 W Gorrie Dr #E-4, Saint George Island, FL, 32328 generates $2,528/mo in rent, after a $3,499/mo payment. Total monthly income is $2,528/mo. Return on cash invested sits at 8.75% in year one, and rental yield is 4.24% on a $714,900 entry. Equity gained on principal adds $4,613/yr, while 5% annual appreciation builds toward $197,514 over five years. Five-year ROI reaches 43.57% and total cumulative return in cash sums $102,482. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,528/mo property income rather than buyer’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32328, Eastpoint, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,977 (100%) |
| Owner Occupied HU | 1,351 (45.4%) |
| Renter Occupied HU | 248 ( 8.3%) |
| Vacant Housing Units | 1,378 (46.3%) |
| Median Home Value | $428,165 |
| Average Home Value | $545,204 |
Housing Distribution
Address Breakdown
Residential
1,712
Single Family
1,498
Multi-Family
214
Businesses
211
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Listed by: Alan D Byrd • Anchor Realty of St. George Is
Mls Name: TBR
Mls ID: #394674