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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 Jekyll Island at 62 Palmetto Ln, Jekyll Island, GA, 31527 priced at $940,000 pairs $2,400/mo rent with after a $4,601/mo payment. Total monthly income equals $2,400/mo. Return on cash invested is 7.17% in year one, and rental yield stands at 3.06% on a $940,000 basis. Equity gained on principal adds $6,066/yr, and 5% annual appreciation accumulates to $259,705 by year five. Five-year ROI measures 34.37% and total cumulative return in cash reaches $106,302. For financing, Ziffy Mortgage’s DSCR program evaluates $2,400/mo property income against a $4,601/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2018
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31527, Jekyll Island, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 847 (100%) |
| Owner Occupied HU | 378 (44.6%) |
| Renter Occupied HU | 112 (13.2%) |
| Vacant Housing Units | 357 (42.1%) |
| Median Home Value | $542,929 |
| Average Home Value | $553,406 |
Residential
926
Single Family
926
Multi-Family
0
Businesses
104
Date | Event | Price |
|---|---|---|
| 2025-03-29 | Listed for sale | $940,000 |
| 2019-08-23 | Sold | $513,400 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-31 | $6409.52 | 60.06% | $332,720 | 64.26% |
| 2022-03-31 | $4004.40 | 4.41% | $202,560 | 8.86% |
| 2021-03-31 | $3835.10 | N/A | $186,080 | N/A |
Listed by: Nadia Johnson • DeLoach Sotheby's International Realty
Mls Name: GIAOR
Mls ID: #1652860
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.
