1204 Richmond AveWaycrossGA31501
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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
Investment Highlights
Total monthly income runs $540/mo, and a $925/mo payment. Purchase price stands at $189,000, and rental yield measures 3.43% with $540/mo rent. Return on cash invested shows 8.22% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 40.05% and total cumulative return in cash records $25,090. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $540/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1959
0.44 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
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