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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 850 Mallery St #3U, Saint Simons Island, GA, 31522 listed at $515,000 pairs $3,600/mo rent with a $2,521/mo payment to leave $19/mo cash flow. Total monthly income runs $3,600/mo, and annual cash flow reaches $231/yr on $169,435 cash to close. Return on cash invested measures 20.2% in year one, and rental yield registers 8.39% at a $515,000 basis. Equity gained on principal adds $3,323/yr, and annual property appreciation at 5% supports $142,285 by year five. Five-year ROI tracks 105.37% and total cumulative return in cash totals $178,537. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,600/mo property income relative to a $2,521/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1975
N/A lot
$N/A/sqft
$446 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 |
|---|---|---|
| 2025-03-24 | Listed for sale | $515,000 |
| 2021-04-05 | Sold | $319,500 |
| 2021-02-18 | Price change | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-25 | $3705.76 | 15.62% | $150,800 | 18.00% |
| 2022-03-25 | $3205.10 | 267.02% | $127,800 | 18.33% |
| 2021-03-25 | $873.27 | N/A | $108,000 | N/A |
Listed by: Michelle Mas Fox • Keller Williams Realty Golden Isles
Mls Name: GIAOR
Mls ID: #1652761
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.
