1217 Bay St Tybee Island, Georgia, 31328-9789
1 bed • 1 bath • 4 guests
Est. $1,750/mo
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$354,500
Zestimate
$39,881
Annual Revenue
This property is projected to be in the top 41% revenue percentile compared to similar properties nearby.
Projected nightly rate is $179/night at 61% occupancy.
Top 51% of comparables
Top 31% of comparables
Seasonality
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$44,865
Avg annual revenue
61%
Avg occupancy rate
$179
Avg nightly rate
Any type
House
Apartment
Any min stay
Weekly min
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Revenue per year
$35k
$45k
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-$3,599
Profit
Revenue
$39,881
Operating Expenses
$18,865
Operating Income
$21,016
Mortgage & Taxes
$24,615
Profit (Cash Flow)
-$3,599
$88,177
Cash Investment
Down Payment
$72,980
Renos & Furnishing
$4,250
Closing Costs
$10,947
Total
$88,177
DSCR Ratio
Weak
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Investment Value Over Time
Property Appreciation
3%
Revenue Appreciation
0%
Cash on Cash Return
-4.08%
Cap Rate
5.75%
STR Tax Calculator (USA)
Your current annual income
Your income tax rate
Taxes paid on $150,000
$45,000
If you buy this investment property, your est deduction will be...
Deductible mortgage interest
$17,319
Deductible property tax
$3,613
Your total deduction
$16,435
Your adjusted annual income
$150,000 - $16,435 = $133,565
Taxes on $133,565 (30%)
$40,070
Your old tax bill
$45,000
Your new tax bill
$40,070
Estimated tax savings
$4,930
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Property Overview
View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.
Lot size:
-
Year built:
1981
Size:
560 sqft
Type:
SFR
Parking:
-
Heating:
HEAT PUMP
Sold Comparables
| Address | Beds | Baths | Square Feet | $/SqFt | Lot Size | Year Built | Last Sale | Days on Market |
|---|---|---|---|---|---|---|---|---|
| 1217 Bay St # 229a | 1 | 1 | 560 | - | 0 | 1981 | $315,000 | 49 |
| 1213 Solomon Ave | 2 | 2 | 800 | - | 10,019 | 2003 | $470,000 | 8 |
| 2 Lighthouse Ln | 2 | 1 | 888 | - | 7,405 | 1991 | $497,500 | 266 |
| 32 Solomon Ave | 2 | 1 | 928 | - | 10,019 | 1969 | $350,000 | 18 |
| 1217 Bay St # 325a | 1 | 1 | 560 | - | 0 | 1981 | $315,000 | 59 |
| 85 Van Horne Ave | 2 | 2 | 856 | - | 0 | 1986 | $450,000 | - |
| 120 Eagles Nest Dr | 2 | 3 | 1,912 | - | 22,651 | 1988 | $998,000 | 223 |
| 4 Hosti Ave | 3 | 2 | 1,208 | - | 10,890 | 1994 | $600,000 | 40 |
| 2 Gabby Ln | 3 | 3 | 1,988 | - | 8,276 | 2000 | $700,000 | 2 |
| 6 Moore Ave | 3 | 2 | 870 | - | 6,970 | 1915 | $0 | - |
Property Details
- MLS Status: N/A
- Property Use: Single Family Residence
- Stories: 1
- Lot size: -
- Building area: 560 sqft
- Garage: No
- Heating: Heat pump
- Pool: No
- Fireplaces: 0
- Basement: Yes
- Cooling: -
- View: -
- Parking: -
- Amenities: -
- Price per square foot: -
Lot Info
- Zoning: R1
- Land Use: Residential
- Parcel Number: 4-0022 -01-117B
- Flood Zone: Yes, Zone
Tax Info
- Year Assessed:
- Assessed Value: $113,200
- County Est. Land Value: $202,500
- Assessed Land Value: $81,000
- County Est. Structure Value: $80,500
Market Estimate: $366,298
Sale history
| Date | Sale Price | % Financed | Buyer |
|---|---|---|---|
| 01/17/20 | $228,900 | 89% | Khalil I Derzi, Jena A Derzi |
| 04/21/17 | $179,000 | 0% | Michael K Parlier, Geronia F Parlier |
| 08/16/12 | $102,900 | 0% | William E Anderson, Sindy S Anderson |
| 04/03/12 | $148,910 | 0% | Federal National Mtg Associati |
| 04/03/12 | $148,910 | 0% | Bank Of America |
| 05/21/07 | $190,000 | 79% | Debra A Brown |
Ownership
- Name: Khalil I Derzi
- Owner Occupied: No
- Owner Mailing Address: 148 Aspen Dr, Macon, Ga 31216
- Years Owned: 52
- Home Equity: $110,200
- Mortgage Balance Remaining: $206,100
- Financed amount: 79%
- Owner Type: Individual
- Lien: No
- Inherited: No
- Foreclosure: No