850 Mallery St UNIT 4-OSaint 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 850 Mallery St UNIT 4-O, Saint Simons Island, GA, 31522 generates $2,224/mo in rent, after a $1,958/mo payment. Total monthly income is $2,224/mo. Return on cash invested sits at 18% in year one, and rental yield is 6.67% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 92.5% and total cumulative return in cash sums $122,656. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,224/mo property income rather than buyer’s personal income.
Condo
Built in 1975
16 Acres 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: Theresa Taylor • American Dream SSI, Inc.
Mls Name: GIAOR
Mls ID: #1656029