331 Brockinton Marsh #331Saint 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
Rental property for sale in Saint Simons Island at 331 Brockinton Marsh #331, Saint Simons Island, GA, 31522 generates $3,030/mo in rent and, after a $1,806/mo payment, leaves $309/mo in cash flow. Total monthly income is $3,030/mo, and annual cash flow is $3,711/yr on $122,324 invested. Return on cash invested sits at 22.94% in year one, and rental yield is 9.85% on a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 120.69% and total cumulative return in cash sums $147,627. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,030/mo property income rather than buyer’s personal income.
Condo
Built in 1986
43.56 sqft lot
$N/A/sqft
$5,700 annually 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: Chris Carroll • Atlanta InTown Real Estate
Mls Name: GAMLS
Mls Provider:
Mls ID: #10392074
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.