98 Atlantic DrSaint Simons IslandGA31522
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 98 Atlantic Dr, Saint Simons Island, GA, 31522 in Saint Simons Island. Rental yield 4.5%. At $525,000 with 4.5% gross yield, current distributions are modest, but the 5% appreciation rate projects $145,048 in new equity by year five, complemented by $4,835/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.83) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $120,004.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.5% | 6.0% |
| Monthly Cash Flow | $(1,225) | $200 |
City averages based on Saint Simons Island market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,970 |
| Total Monthly Debt Service | $2,986 |
| DSCR Ratio | 0.66x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1930
4,356 sqft 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
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
Single Family
Built in 1930
4,356 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edis Gonzalez • Coldwell Banker Access Realty BWK
Mls Name: GIAOR
Mls ID: #1655097