435 Mimosa DrSaint 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
Investment property for sale in Saint Simons Island at 435 Mimosa Dr, Saint Simons Island, GA, 31522 listed at $1,225,000 pairs $6,017/mo rent with a $5,996/mo payment. Total monthly income runs $6,017/mo. Return on cash invested measures 16.02% in year one, and rental yield registers 5.89% at a $1,225,000 basis. Equity gained on principal adds $7,905/yr, and annual property appreciation at 5% supports $338,445 by year five. Five-year ROI tracks 81.76% and total cumulative return in cash totals $324,504. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,017/mo property income relative to a $5,996/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
1.65 Acres 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: Sheila Bishop • Real Broker LLC
Mls Name: GAMLS
Mls Provider:
Mls ID: #10275816
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.