1007 Atlantic AveWaycrossGA31501
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Waycross rentals match the income profile of 1007 Atlantic Ave, Waycross, GA, 31501. Listed at $199,100, gross rent is $2,450/mo and net cash flow is $1,145/mo, a 14.77% yield well above national averages. DSCR 2.74 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $55,008 by year five with $1,834/yr in annual principal reduction, projecting $149,475 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.8% | 8.0% |
| Monthly Cash Flow | $1,145 | $300 |
City averages based on Waycross market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,450 |
| Total Monthly Debt Service | $1,226 |
| DSCR Ratio | 2.00x |
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.
Single Family
Built in 1969
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31501, Waycross, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,740 (100%) |
| Owner Occupied HU | 3,135 (46.5%) |
| Renter Occupied HU | 2,443 (36.2%) |
| Vacant Housing Units | 1,162 (17.2%) |
| Median Home Value | $111,498 |
| Average Home Value | $162,075 |
Housing Distribution
Address Breakdown
Residential
6,003
Single Family
5,682
Multi-Family
321
Businesses
881
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 1969
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31501, Waycross, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,740 (100%) |
| Owner Occupied HU | 3,135 (46.5%) |
| Renter Occupied HU | 2,443 (36.2%) |
| Vacant Housing Units | 1,162 (17.2%) |
| Median Home Value | $111,498 |
| Average Home Value | $162,075 |
Housing Distribution
Address Breakdown
Residential
6,003
Single Family
5,682
Multi-Family
321
Businesses
881
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices