2312 Spurgeon StWaycrossGA31501
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Waycross at 2312 Spurgeon St, Waycross, GA, 31501 offers a 9.04% rental yield on a $122,500 purchase with $923/mo rent. Total monthly income registers $923/mo, and a $600/mo payment leaves $177/mo available for distribution. Annual cash flow reaches $2,124/yr on $40,609 to close, and return on cash invested stands at 25.14% in year one. Equity gained on principal adds $790/yr while 5% annual appreciation supports $33,844 over five years. Portfolio math shows five-year ROI at 130.88% and total cumulative return in cash at $53,148. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $923/mo property income against a $600/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31501, Waycross, GA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
6,003
Single Family
5,682
Multi-Family
321
Businesses
881
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