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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 1919 Elaine Ave, Waycross, GA, 31503 offers $1,483/mo rent that, after a $795/mo payment, leaves $494/mo cash flow. Total monthly income is $1,483/mo, and annual cash flow is $5,932/yr on $53,869 cash. Return on cash invested measures 30.92% in year one, and rental yield stands at 10.95% at a $162,500 entry. Equity gained on principal adds $1,049/yr while 5% annual appreciation compounds into $44,896 by year five. Five-year ROI records 161.83% and total cumulative return in cash reaches $87,174. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,483/mo property income versus a $795/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1980
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 |
|---|---|---|
| 2024-10-07 | Price change | $162,500 |
| 2024-09-20 | Listed for sale | $165,000 |
| 2022-08-18 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $655.45 | 0.11% | $37,702 | 0.03% |
| 2022-10-17 | $654.71 | -0.86% | $37,689 | 45.73% |
| 2021-10-17 | $660.36 | -3.09% | $25,863 | 3.73% |
Listed by: Alli Sweat • South + East Properties
Mls Name: GAMLS
Mls Provider:
Mls ID: #10381646
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.
