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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 1611 Lamar Ave, Waycross, GA, 31503 priced at $126,000 pairs $948/mo rent with $181/mo cash flow after a $617/mo payment. Total monthly income equals $948/mo, and annual cash flow comes to $2,170/yr on $41,769 invested. Return on cash invested is 25.1% in year one, and rental yield stands at 9.03% on a $126,000 basis. Equity gained on principal adds $813/yr, and 5% annual appreciation accumulates to $34,811 by year five. Five-year ROI measures 130.59% and total cumulative return in cash reaches $54,547. For financing, Ziffy Mortgage’s DSCR program evaluates $948/mo property income against a $617/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
0.32 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 |
|---|---|---|
| 2025-02-13 | Listed for sale | $126,000 |
| 2022-11-29 | Sold | $107,600 |
| 2022-10-21 | Pending sale | $114,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $494.83 | -6.79% | $17,128 | -6.84% |
| 2022-02-16 | $530.87 | 18.27% | $18,386 | 28.36% |
| 2021-02-16 | $448.85 | -0.12% | $14,324 | 3.06% |
Listed by: Carolyn Paszko • Crossway Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10459306
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.
