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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 302 Lantern Walk, Saint Simons Island, GA, 31522 priced at $417,500 converts $3,949/mo rent into $1,083/mo cash flow after a $2,043/mo obligation. Total monthly income equals $3,949/mo, and annual cash flow totals $13,002/yr on $138,401 invested. Return on cash invested prints 29.3% in year one, and rental yield reads 11.35% against a $417,500 entry. Equity gained on principal adds $2,694/yr, while 5% annual appreciation compiles into $115,348 by year five. Five-year ROI reaches 154.11% and total cumulative return in cash sums $213,290. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,949/mo property income covering a $2,043/mo payment, not borrower’s personal income.
Condo
Built in 1999
N/A lot
$N/A/sqft
$325 monthly 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 |
|---|---|---|
| 2025-09-27 | Listing removed | $550,000 |
| 2025-07-14 | Listed for sale | $550,000 |
| 2025-07-08 | Listing removed | $595,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $2919.40 | -2.01% | $118,800 | N/A |
| 2022-10-17 | $2979.39 | -3.02% | $118,800 | N/A |
| 2021-10-17 | $3072.16 | N/A | $118,800 | N/A |
What's Special
Pull Down Stairs
Listed by: Zaida Harris • Signature Properties Group Inc.
Mls Name: GIAOR
Mls ID: #1637973
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.
