800 Mallery St APT 3Saint Simons IslandGA31522
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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
Investment property for sale in Saint Simons Island at 800 Mallery St APT 3, Saint Simons Island, GA, 31522 earns from $2,377/mo rent with a $1,818/mo payment. Total monthly income totals $2,377/mo. ROI tracks 17.58% on current figures, and rental yield reads 7.68% at a $371,500 purchase. Equity gained on principal adds $2,397/yr, and 5% annual appreciation supports $102,639 over five years. Five-year ROI reaches 91.5% and total cumulative return in cash sums $112,688. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,377/mo property income instead of your personal income.
Condo
Built in 1973
N/A lot
$N/A/sqft
$355 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,268
Single Family
9,782
Multi-Family
1,486
Businesses
1,233
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Listed by: Alexandra Helgesen • Michael Harris Team
Mls Name: GIAOR
Mls ID: #1654346
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.