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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 800 Mallery St APT 28, Saint Simons Island, GA, 31522 listed at $359,900 pairs $4,157/mo rent with a $1,762/mo payment to leave $1,618/mo cash flow. Total monthly income runs $4,157/mo, and annual cash flow reaches $19,417/yr on $119,307 cash to close. Return on cash invested measures 36.18% in year one, and rental yield registers 13.86% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 191.28% and total cumulative return in cash totals $228,206. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,157/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1973
N/A lot
$N/A/sqft
$348 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 |
|---|---|---|
| 2024-08-08 | Price change | $359,900 |
| 2024-07-05 | Price change | $369,900 |
| 2024-05-23 | Listed for sale | $374,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | $2562.74 | -1.92% | $99,200 | N/A |
| 2022-09-15 | $2612.83 | 14.25% | $99,200 | 30.53% |
| 2021-09-15 | $2286.90 | N/A | $76,000 | N/A |
Listed by: Renae Kirk • Sand Dollar Shores Properties, Inc.
Mls Name: GIAOR
Mls ID: #1646739
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.
