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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% |
Investment property for sale in Saint Simons Island at 489 Longview Rd, Saint Simons Island, GA, 31522 listed at $639,000 pairs $5,928/mo rent with a $3,128/mo payment to leave $1,739/mo cash flow. Total monthly income runs $5,928/mo, and annual cash flow reaches $20,862/yr on $210,231 cash to close. Return on cash invested measures 29.98% in year one, and rental yield registers 11.13% at a $639,000 basis. Equity gained on principal adds $4,123/yr, and annual property appreciation at 5% supports $176,544 by year five. Five-year ROI tracks 157.32% and total cumulative return in cash totals $330,736. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,928/mo property income relative to a $3,128/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2015
3,920 sqft lot
$N/A/sqft
$300 monthly 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 |
|---|---|---|
| 2024-08-27 | Listed for sale | $639,000 |
| 2017-11-28 | Listing removed | $3,750 |
| 2017-06-28 | Listed for rent | $3,750 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $3729.35 | -2.01% | $151,760 | N/A |
| 2022-10-17 | $3805.99 | -1.17% | $151,760 | 10.35% |
| 2021-10-17 | $3851.07 | N/A | $137,520 | N/A |
Listed by: Philip Fendig • Fendig Realty, Inc.
Mls Name: GIAOR
Mls ID: #1648767
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
