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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% |
Investment property for sale in Waycross at 1624 Rainbow Dr, Waycross, GA, 31501 earns from $540/mo rent with a $929/mo payment. Total monthly income totals $540/mo. ROI tracks 8.18% on current figures, and rental yield reads 3.41% at a $189,900 purchase. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 over five years. Five-year ROI reaches 39.83% and total cumulative return in cash sums $25,073. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $540/mo property income instead of your personal income.
Single Family
Built in 1959
0.34 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 |
|---|---|---|
| 2025-04-03 | Listed for sale | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-04 | $650.15 | 0.16% | $60,980 | N/A |
| 2022-04-04 | $649.13 | 2.31% | $60,980 | 24.39% |
| 2021-04-04 | $634.50 | -2.18% | $49,024 | N/A |
Listed by: Doris Germano • Heritage Realty Company
Mls Name: GIAOR
Mls ID: #1653036
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.
