








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 2603 Alice St, Waycross, GA, 31501 earns $440/mo cash flow from $1,384/mo rent with a $759/mo payment. Total monthly income totals $1,384/mo, and annual cash flow totals $5,283/yr on $51,383 capital. ROI tracks 30.19% on current figures, and rental yield reads 10.71% at a $155,000 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 over five years. Five-year ROI reaches 157.91% and total cumulative return in cash sums $81,136. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,384/mo property income instead of your personal income.
Single Family
Built in 1948
0.27 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 |
|---|---|---|
| 2025-09-18 | Sold | $155,000 |
| 2025-07-01 | Pending sale | $139,900 |
| 2025-06-20 | Listed for sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-03 | $25.09 | 476.78% | $41,212 | 37.78% |
| 2023-11-03 | $4.35 | 0.23% | $29,912 | N/A |
| 2022-11-03 | $4.34 | -96.01% | $29,912 | 17.90% |



Listed by: Harriet Bowman • Fesperman Real Estate
Mls Name: GIAOR
Mls ID: #1654811
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.