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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 1203 Baltimore Ave, Waycross, GA, 31501 priced at $424,900 converts $1,140/mo rent into after a $2,080/mo obligation. Total monthly income equals $1,140/mo. Return on cash invested prints 7.54% in year one, and rental yield reads 3.22% against a $424,900 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,392 by year five. Five-year ROI reaches 36.42% and total cumulative return in cash sums $51,297. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,140/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 1959
2.30 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 |
|---|---|---|
| 2024-12-06 | Listed for sale | $424,900 |
| 2023-12-13 | Listing removed | N/A |
| 2023-05-08 | Listed for sale | $449,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $3588.84 | 0.13% | $116,730 | N/A |
| 2022-02-16 | $3584.21 | -6.10% | $116,730 | 13.90% |
| 2021-02-16 | $3817.11 | 10.53% | $102,488 | 21.62% |
Listed by: John Hallman IV • Engel & Volkers Golden Isles
Mls Name: GIAOR
Mls ID: #1649981
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
