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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 1632 Apple Dr, Waycross, GA, 31503 generates $4,242/mo in rent and, after a $1,126/mo payment, leaves $2,794/mo in cash flow. Total monthly income is $4,242/mo, and annual cash flow is $33,523/yr on $76,245 invested. Return on cash invested sits at 63.88% in year one, and rental yield is 22.13% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 338.77% and total cumulative return in cash sums $258,295. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,242/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
5 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 |
|---|---|---|
| 2024-09-09 | Listed for sale | $230,000 |
| 2024-08-31 | Pending sale | $230,000 |
| 2024-08-13 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | $2487.80 | N/A | $72,326 | 1.40% |
| 2022-09-15 | N/A | N/A | $71,326 | 49.82% |
| 2021-09-15 | $1768.07 | -2.66% | $47,609 | N/A |
No similar rental properties found nearby.
Listed by: Jamie Musgrove • Crossway Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10356877
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 2024 GAMLS. All rights reserved.
