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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 701 Hamilton Landing Dr, Saint Simons Island, GA, 31522 with 5% annual appreciation on a $1,350,000 basis while $9,000/mo rent supports operations. Total monthly income totals $9,000/mo and a $6,608/mo payment preserves $703/mo for cash returns. Annual cash flow comes to $8,439/yr on $437,400 deployed, and return on cash invested reaches 22.3% in year one. Equity gained on principal adds $8,711/yr, and five-year appreciation sums $372,980 alongside rental yield of 8%. Five-year ROI measures 115.51% and total cumulative return in cash totals $505,229.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $9,000/mo property income versus a $6,608/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1996
0.43 Acres lot
$N/A/sqft
$960 annually 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 |
|---|---|---|
| 2024-09-10 | Price change | $1,350,000 |
| 2024-08-06 | Listed for sale | $1,497,500 |
| 2024-07-25 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $2321.80 | -15.81% | $345,160 | 34.91% |
| 2022-10-17 | $2757.77 | -2.89% | $255,840 | 28.00% |
| 2021-10-17 | $2839.91 | N/A | $199,880 | N/A |
Listed by: Nancy Pandolfi • Sea Island Properties
Mls Name: GIAOR
Mls ID: #1648019
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.
