744 Ocean Blvd APT 202, Saint Simons Island, GA, 31522 | 4.31% Rental Yield

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744 Ocean Blvd APT 202, Saint Simons Island, GA, 31522 | 4.31% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Saint Simons Island at 744 Ocean Blvd APT 202, Saint Simons Island, GA, 31522 earns from $5,348/mo rent with a $7,293/mo payment. Total monthly income totals $5,348/mo. ROI tracks 11.12% on current figures, and rental yield reads 4.31% at a $1,490,000 purchase. Equity gained on principal adds $9,615/yr, and 5% annual appreciation supports $411,660 over five years. Five-year ROI reaches 55.48% and total cumulative return in cash sums $267,856. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,348/mo property income instead of your personal income.

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

Luxurious Fully Furnished Ocean-View Condo | Prime St. Simons Island Location This luxurious, fully furnished three-bedroom, three-bath condo is the epitome of sophistication and coastal style. Perfectly situated across the street from the beach and within walking distance to St. Simons Historic Pier Village, this elegant residence offers a lifestyle of ease, comfort, and charm. Enjoy breathtaking sunrise and sunset views from your private balcony, ideal for relaxing or entertaining guests. Step inside to discover an open-concept kitchen and living area designed for connection and comfortperfect for those who love to cook, host, and unwind in style. Each bedroom offers its own en-suite bathroom, providing privacy and luxury for residents and guests alike. The primary suite is a true retreat, showcasing ocean views, a walk-in closet, and a spa-like bathroom with a soaking tub and separate shower. Residents at Sea View Condominiums enjoy an array of upscale amenities, including a heated saltwater swimming pool, private elevator access directly to your door, covered parking, gated security, and Wi-Fi/cell phone enhancers throughout the property. Thanks to the quality of construction, the association dues, flood insurance, hazard insurance, and utilities remain exceptionally reasonable, providing both value and peace of mind. Combining luxury, convenience, and coastal charm, this stunning condo makes every day feel like a vacationthe perfect lock-and-leave getaway or full-time island retreat.

Neighborhood Data

Neighborhood data shown for ZIP Code: 31522, Saint Simons Island, GA area.

Housing Distribution

Housing Statistics

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