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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 301 6th Ave, Saint Simons Island, GA, 31522 priced at $489,000 converts $3,960/mo rent into $984/mo cash flow after a $2,393/mo obligation. Total monthly income equals $3,960/mo, and annual cash flow totals $11,811/yr on $162,104 invested. Return on cash invested prints 27.2% in year one, and rental yield reads 9.72% against a $489,000 entry. Equity gained on principal adds $3,155/yr, while 5% annual appreciation compiles into $135,102 by year five. Five-year ROI reaches 141.8% and total cumulative return in cash sums $229,858. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,960/mo property income covering a $2,393/mo payment, not borrower’s personal income.
Single Family
Built in 1989
4,791 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-02-15 | Listed for sale | $489,000 |
| 2022-03-25 | Sold | $385,000 |
| 2022-03-01 | Pending sale | $389,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $3757.04 | 17.02% | $147,800 | 20.12% |
| 2022-02-16 | $3210.72 | 17.54% | $123,040 | 25.55% |
| 2021-02-16 | $2731.68 | N/A | $98,000 | N/A |
Listed by: Michelle Mas Fox • Keller Williams Realty Golden Isles
Mls Name: GIAOR
Mls ID: #1651901
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.
