1400 E Cherokee Dr, Waycross, GA, 31501 | 2.09% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1400 E Cherokee Dr, Waycross, GA, 31501 | 2.09% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $540/mo, and a $1,517/mo payment. Purchase price stands at $309,900, and rental yield measures 2.09% with $540/mo rent. Return on cash invested shows 4.18% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 18.39% and total cumulative return in cash records $18,888. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $540/mo property income covering a $1,517/mo payment rather than investor’s personal income.

Single Family

Built in 1955

0.79 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this inviting 3-bedroom, 2-bathroom home that blends classic charm with modern updates. Set on a double lot, this property offers space, comfort, and endless possibilities for its next owners. Step inside to find a warm and welcoming interior with a mix of original hardwood floors and updated luxury vinyl plank, giving the home both character and durability. Two fireplaces add cozy charm to the living spaces, while a large family room adjacent to the main living area provides flexibility for gatherings, relaxation, or entertaining. The bedrooms are generously sized, giving everyone their own comfortable retreat. Upstairs, youll find 1,200 sq. ft. of unfinished spacethe perfect canvas for adding a playroom, office, or extra bedrooms to suit your needs. Outdoors, this property shines with room to enjoy every season. The double lot features a garden space, plenty of yard for kids and activities, and a covered rear patio ideal for cookouts or quiet evenings. A fire pit area makes for memorable nights under the stars with friends and family. With new exterior paint and thoughtful updates throughout, this home is ready to welcome its next chapter.

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