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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 407 W Island Square Dr, Saint Simons Island, GA, 31522 priced at $279,000 converts $1,668/mo rent into after a $1,366/mo obligation. Total monthly income equals $1,668/mo. Return on cash invested prints 19.51% in year one, and rental yield reads 7.17% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 100.6% and total cumulative return in cash sums $93,043. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,668/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Condo
Built in 1984
N/A 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Len Hoshall • BHHS Hodnett Cooper Real Estate
Mls Name: GIAOR
Mls ID: #1655284
