44 Erica Lane 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
Investment property for sale in Saint Simons Island at 44 Erica Lane St, Saint Simons Island, GA, 31522 at $1,965,000 posts ROI 10.5% with from $7,171/mo rent. Total monthly income equals $7,171/mo. Return on cash invested measures 10.5% and rental yield reads 4.38% at the current $1,965,000. Equity gained on principal adds $12,680/yr, and 5% annual appreciation supports $542,893 by year five. Five-year ROI prints 52.44% and total cumulative return in cash totals $333,850. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,171/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
0.30 Acres lot
$N/A/sqft
$5,400 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: Becca • Situs Real Estate
Mls Name: GAMLS
Mls Provider:
Mls ID: #10242173
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.