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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 201 Baltimore Ave, Waycross, GA, 31501 priced at $199,900 converts $1,951/mo rent into $704/mo cash flow after a $978/mo obligation. Total monthly income equals $1,951/mo, and annual cash flow totals $8,452/yr on $66,267 invested. Return on cash invested prints 32.66% in year one, and rental yield reads 11.71% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 171.34% and total cumulative return in cash sums $113,545. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,951/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.32 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 |
|---|---|---|
| 2024-08-30 | Price change | $199,900 |
| 2024-08-11 | Listed for sale | $210,000 |
| 2024-08-11 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $2024.36 | -2.65% | $52,180 | N/A |
| 2022-10-17 | $2079.48 | 11.05% | $52,180 | 20.41% |
| 2021-10-17 | $1872.55 | 2.31% | $43,335 | 4.67% |
Listed by: Harriet Bowman • Fesperman Real Estate
Mls Name: GIAOR
Mls ID: #1648296
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.
