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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 1349 Gorman Rd, Waycross, GA, 31503 priced at $187,000 converts $1,080/mo rent into after a $915/mo obligation. Total monthly income equals $1,080/mo. Return on cash invested prints 18.79% in year one, and rental yield reads 6.93% against a $187,000 entry. Equity gained on principal adds $1,207/yr, while 5% annual appreciation compiles into $51,665 by year five. Five-year ROI reaches 96.76% and total cumulative return in cash sums $59,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $915/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31503, Waycross, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,130 (100%) |
| Owner Occupied HU | 5,538 (60.7%) |
| Renter Occupied HU | 2,448 (26.8%) |
| Vacant Housing Units | 1,144 (12.5%) |
| Median Home Value | $126,673 |
| Average Home Value | $163,126 |
Residential
8,719
Single Family
8,603
Multi-Family
116
Businesses
455
Date | Event | Price |
|---|---|---|
| 2025-07-01 | Sold | $187,000 |
| 2025-06-04 | Pending sale | $187,500 |
| 2025-05-10 | Price change | $187,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-05 | $1200.50 | 0.06% | $41,554 | N/A |
| 2022-07-05 | $1199.83 | 74.05% | $41,554 | 30.09% |
| 2021-07-05 | $689.37 | -17.24% | $31,942 | 23.98% |
What's Special
Pull Down Stairs
Listed by: Michelle Strickland • Re/Max Cobblestone
Mls Name: GIAOR
Mls ID: #1652903
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.
