2867 Evergreen Rd, Waycross, GA, 31503 | $16/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2867 Evergreen Rd, Waycross, GA, 31503 | $16/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Waycross at 2867 Evergreen Rd, Waycross, GA, 31503 offers a 7.41% rental yield on a $174,900 purchase with $1,080/mo rent. Total monthly income registers $1,080/mo, and a $856/mo payment leaves $16/mo available for distribution. Annual cash flow reaches $187/yr on $57,979 to close, and return on cash invested stands at 20.23% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 104.46% and total cumulative return in cash at $60,564. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,080/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1966

0.88 Acres lot

$N/A/sqft

No HOA

More details about the property

Here's an affordable brick home on spacious .88 acre lot. Don't miss this opportunity to own an affordable 3 bedroom, 2 bath home - perfect for first time homebuyers or anyone looking for space and value!!! Step into the cozy living room with warm wood flooring, leading to a spacious kitchen with tile flooring, refrigerator, oven, and cooktop range - ideal for everyday living and entertaining. Designated dining area. The primary bedroom features wood flooring and an ensuite bath with tile and shower only. Two additional bedrooms also offer wood flooring, while the guest bath includes tile and a but/shower combo. Enjoy a large screened in porch area, perfect for relaxing year round, and includes laundry area. Step outside to the fully fenced backyard, complete with an open patio pad, great for grilling, entertaining, or seating area to soak in the outdoors. Additional features include new insulation, HVAC and roof approx 9 years old. Seller's purchased this home with USDA financing for the first time homebuyer, so should qualify for government loans (USDA, FHA and VA). This home has functionality and space - all at an affordable price. Don't miss out!!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 31503, Waycross, GA area.

Housing Distribution

Housing Statistics

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