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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Waycross at 119 E Wacona Dr, Waycross, GA, 31501 generates $1,948/mo in rent and, after a $1,287/mo payment, leaves $348/mo in cash flow. Total monthly income is $1,948/mo, and annual cash flow is $4,171/yr on $87,185 invested. Return on cash invested sits at 24.69% in year one, and rental yield is 8.89% on a $263,000 entry. Equity gained on principal adds $1,697/yr, while 5% annual appreciation builds toward $72,662 over five years. Five-year ROI reaches 128.38% and total cumulative return in cash sums $111,923. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,948/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31501, Waycross, GA area.
| 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 |
Residential
6,003
Single Family
5,682
Multi-Family
321
Businesses
881
Date | Event | Price |
|---|---|---|
| 2025-03-03 | Listed for sale | $263,000 |
| 2025-03-03 | Price change | $2,200 |
| 2025-02-28 | Listed for rent | $2,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-04 | $1502.28 | -6.81% | $55,985 | 0.28% |
| 2022-03-04 | $1612.00 | 12.06% | $55,829 | 21.62% |
| 2021-03-04 | $1438.46 | -0.84% | $45,906 | 2.32% |
Listed by: Tori D Simmons • Simmons Realty Group & Assoc.
Mls Name: GAMLS
Mls Provider:
Mls ID: #10469962
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2025 GAMLS. All rights reserved.
