33 Happy Landing RdWaynesvilleGA31566
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 33 Happy Landing Rd, Waynesville, GA, 31566 in Waynesville is capital appreciation. Rental yield 5.63%. The 5.63% gross yield at $166,200 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $45,918 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (1.04) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $47,832.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.2% |
| Monthly Cash Flow | $(236) | $400 |
City averages based on Waynesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $780 |
| Total Monthly Debt Service | $950 |
| DSCR Ratio | 0.82x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1997
0.90 Acres lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31566, Waynesville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,494 (100%) |
| Owner Occupied HU | 1,044 (69.9%) |
| Renter Occupied HU | 232 (15.5%) |
| Vacant Housing Units | 218 (14.6%) |
| Median Home Value | $117,647 |
| Average Home Value | $137,196 |
Housing Distribution
Address Breakdown
Residential
1,413
Single Family
1,413
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 1997
0.90 Acres lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31566, Waynesville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,494 (100%) |
| Owner Occupied HU | 1,044 (69.9%) |
| Renter Occupied HU | 232 (15.5%) |
| Vacant Housing Units | 218 (14.6%) |
| Median Home Value | $117,647 |
| Average Home Value | $137,196 |
Housing Distribution
Address Breakdown
Residential
1,413
Single Family
1,413
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Allen Cockeram • BHHS Hodnett Cooper Real Estate BWK
Mls Name: GIAOR
Mls ID: #1650340
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.