2513 Demere Rd APT 8Saint 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 2513 Demere Rd APT 8, Saint Simons Island, GA, 31522 offers a 10.81% rental yield on a $399,500 purchase with $3,600/mo rent. Total monthly income registers $3,600/mo, and a $1,955/mo payment leaves $1,169/mo available for distribution. Annual cash flow reaches $14,027/yr on $132,434 to close, and return on cash invested stands at 30.5% in year one. Equity gained on principal adds $2,578/yr while 5% annual appreciation supports $110,374 over five years. Portfolio math shows five-year ROI at 159.49% and total cumulative return in cash at $211,215. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,600/mo property income against a $1,955/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A 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: Carla Emmons • Emmons Realty Sales Corp
Mls Name: GIAOR
Mls ID: #1656536