809 Mallery St UNIT ASaint 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
Rental property for sale in Saint Simons Island at 809 Mallery St UNIT A, Saint Simons Island, GA, 31522 priced at $474,900 converts $3,438/mo rent into $548/mo cash flow after a $2,324/mo obligation. Total monthly income equals $3,438/mo, and annual cash flow totals $6,577/yr on $157,429 invested. Return on cash invested prints 24.09% in year one, and rental yield reads 8.69% against a $474,900 entry. Equity gained on principal adds $3,064/yr, while 5% annual appreciation compiles into $131,206 by year five. Five-year ROI reaches 125.13% and total cumulative return in cash sums $196,991. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,438/mo property income covering a $2,324/mo payment, not borrower’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No 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: Hannah Melton • Duckworth Properties BWK
Mls Name: GIAOR
Mls ID: #1656425