850 Mallery St #8ASaint Simons IslandGA31522
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 850 Mallery St #8A, Saint Simons Island, GA, 31522 in Saint Simons Island: $3,821/mo in rent, $1,632/mo net, 14.56% gross yield, all on a $315,000 acquisition. The 2.70 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $87,029 in value, and $2,901/yr in principal paydown steadily builds equity. Projected total cumulative return: $225,538.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.6% | 6.0% |
| Monthly Cash Flow | $1,632 | $200 |
City averages based on Saint Simons Island market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,821 |
| Total Monthly Debt Service | $2,064 |
| DSCR Ratio | 1.85x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1974
16 Acres lot
$N/A/sqft
$272 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1974
16 Acres lot
$N/A/sqft
$272 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices