419 Palmetto StSaint 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 419 Palmetto St, Saint Simons Island, GA, 31522 priced at $415,000 pairs $2,629/mo rent with $103/mo cash flow after a $2,031/mo payment. Total monthly income equals $2,629/mo, and annual cash flow comes to $1,242/yr on $137,573 invested. Return on cash invested is 20.81% in year one, and rental yield stands at 7.6% on a $415,000 basis. Equity gained on principal adds $2,678/yr, and 5% annual appreciation accumulates to $114,657 by year five. Five-year ROI measures 107.56% and total cumulative return in cash reaches $147,969. For financing, Ziffy Mortgage’s DSCR program evaluates $2,629/mo property income against a $2,031/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
2,613 sqft lot
$N/A/sqft
No 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: Jared Bamberg • eXp Realty
Mls Name: GAMLS
Mls ID: #10564633