850 Mallery St #13TSaint 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 850 Mallery St #13T, Saint Simons Island, GA, 31522 offers a 6.98% rental yield on a $319,900 purchase with $1,860/mo rent. 6% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 80.77% and total cumulative return in cash at $85,652. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,860/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1975
N/A lot
$N/A/sqft
$294 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: Pam Ruddy • Aiken Partners Real Estate
Mls Name: GIAOR
Mls ID: #1656215
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.