3 17th St #8Tybee IslandGA31328
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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 Tybee Island at 3 17th St #8, Tybee Island, GA, 31328 priced at $549,500 pairs $3,002/mo rent with after a $2,690/mo payment. Total monthly income equals $3,002/mo. Return on cash invested is 14.23% in year one, and rental yield stands at 6.56% on a $549,500 basis. Equity gained on principal adds $3,546/yr, and 5% annual appreciation accumulates to $151,817 by year five. Five-year ROI measures 73.54% and total cumulative return in cash reaches $132,957. For financing, Ziffy Mortgage’s DSCR program evaluates $3,002/mo property income against a $2,690/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1999
805.86 sqft lot
$N/A/sqft
$500 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31328, Tybee Island, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,098 (100%) |
| Owner Occupied HU | 1,306 (42.2%) |
| Renter Occupied HU | 317 (10.2%) |
| Vacant Housing Units | 1,475 (47.6%) |
| Median Home Value | $605,556 |
| Average Home Value | $673,654 |
Housing Distribution
Address Breakdown
Residential
987
Single Family
987
Multi-Family
0
Businesses
110
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Listed by: Keith L. Gay • Century 21 Solomon Properties
Mls Name: Hive MLS
Mls Provider:
Mls ID: #SA335023
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.