703 First StreetTybee IslandGA31328
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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
Rental property for sale in Tybee Island at 703 First Street, Tybee Island, GA, 31328 priced at $585,000 converts $2,538/mo rent into after a $2,863/mo obligation. Total monthly income equals $2,538/mo. Return on cash invested prints 13.69% in year one, and rental yield reads 5.21% against a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation compiles into $161,625 by year five. Five-year ROI reaches 69.3% and total cumulative return in cash sums $133,386. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,538/mo property income covering a $2,863/mo payment, not borrower’s personal income.
Single Family
Built in 1979
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31328, Tybee Island, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,098 (100%) |
| Owner Occupied HU | 1,306 (42.2%) |
| Renter Occupied HU | 317 (10.2%) |
| Vacant Housing Units | 1,475 (47.6%) |
| Median Home Value | $605,556 |
| Average Home Value | $673,654 |
Housing Distribution
Address Breakdown
Residential
987
Single Family
987
Multi-Family
0
Businesses
110
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Listed by: Jennifer L. Rutherford • Jenny Rutherford Real Estate,
Mls Name: Hive MLS
Mls ID: #SA344999