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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% |
Rental property for sale in Saint Simons Island at 803 Mallery St UNIT G, Saint Simons Island, GA, 31522 offers $3,856/mo rent that, after a $2,521/mo payment, leaves $266/mo cash flow. Total monthly income is $3,856/mo, and annual cash flow is $3,195/yr on $169,435 cash. Return on cash invested measures 21.95% in year one, and rental yield stands at 8.98% at a $515,000 entry. Equity gained on principal adds $3,323/yr while 5% annual appreciation compounds into $142,285 by year five. Five-year ROI records 114.78% and total cumulative return in cash reaches $194,485. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,856/mo property income versus a $2,521/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1977
N/A lot
$N/A/sqft
$455 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 |
|---|---|---|
| 2025-01-17 | Price change | $515,000 |
| 2024-10-22 | Listed for sale | $525,000 |
| 2024-07-01 | Sold | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $3132.86 | -1.94% | $122,400 | N/A |
| 2022-02-16 | $3194.68 | 8.64% | $122,400 | 21.43% |
| 2021-02-16 | $2940.63 | N/A | $100,800 | N/A |
Listed by: Missy Neu • BHHS Hodnett Cooper Real Estate
Mls Name: GIAOR
Mls ID: #1649737
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.
