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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 Simons Island at 509 Mariners Circle St, Simons Island, GA, 31522 priced at $625,000 converts $3,360/mo rent into after a $3,059/mo obligation. Total monthly income equals $3,360/mo. Return on cash invested prints 15.21% in year one, and rental yield reads 6.45% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 78.29% and total cumulative return in cash sums $160,981. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,360/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Townhouse
Built in 2017
2,178 sqft lot
$N/A/sqft
$388 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 |
|---|---|---|
| 2025-02-09 | Listed for sale | $625,000 |
| 2023-04-28 | Sold | $550,000 |
| 2023-04-03 | Pending sale | $555,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Pull Down Stairs
Listed by: Melissa Green • Keller Williams Realty Golden Isles
Mls Name: GIAOR
Mls ID: #1651816
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.
