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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 744 Ocean Blvd APT 402, Saint Simons Island, GA, 31522 projects strong ROI of 4.38%. Rental yield 2.76%. With 5% annual appreciation, the property builds $635,448 in value over five years. Equity growth combined delivers a projected five-year ROI of 20.04%, translating into $149,371 in total cumulative return on $745,200 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
$1,222 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 |
|---|---|---|
| 2025-04-21 | Listed for sale | $2,300,000 |
| 2016-08-30 | Sold | $1,000,000 |
| 2016-06-01 | Listing removed | $1,050,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-22 | $10897.25 | -1.99% | $438,360 | N/A |
| 2022-04-22 | $11118.62 | -2.99% | $438,360 | 3.00% |
| 2021-04-22 | $11460.99 | N/A | $425,600 | N/A |
Listed by: Evelyn Murphy • BHHS Hodnett Cooper Real Estate
Mls Name: GIAOR
Mls ID: #1653391
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.
