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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 315 Magnolia St, Waycross, GA, 31501 generates $540/mo in rent, after a $562/mo payment. Total monthly income is $540/mo. Return on cash invested sits at 14.77% in year one, and rental yield is 5.64% on a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation builds toward $31,745 over five years. Five-year ROI reaches 75.21% and total cumulative return in cash sums $28,646. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $540/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
6,098 sqft 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 |
|---|---|---|
| 2025-04-02 | Listed for sale | $114,900 |
| 2025-03-31 | Listing removed | $90,000 |
| 2025-02-05 | Price change | $90,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-03 | $1004.36 | 0.13% | $37,477 | N/A |
| 2022-04-03 | $1003.03 | -1.51% | $37,477 | 21.73% |
| 2021-04-03 | $1018.38 | -2.20% | $30,787 | 15.24% |
Listed by: Anna Saucedo • Compass360 Realty, Inc.
Mls Name: GIAOR
Mls ID: #1652970
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.
