3940 Cleve Rd, Waycross, GA, 31503 | $223/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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3940 Cleve Rd, Waycross, GA, 31503 | $223/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 3940 Cleve Rd, Waycross, GA, 31503 offers a 8.65% rental yield on a $199,000 purchase with $1,434/mo rent. Total monthly income registers $1,434/mo, and a $974/mo payment leaves $223/mo available for distribution. Annual cash flow reaches $2,674/yr on $65,969 to close, and return on cash invested stands at 23.96% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 124.45% and total cumulative return in cash at $82,098. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,434/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Manufactured

Built in 2019

5 Acres lot

$N/A/sqft

No HOA

More details about the property

Wide open spaces are calling your name! This 5 acre piece of land has been improved and is ready for it's next owners! The home is a 2019 model single wide that has so much charm! Laminate flooring, open kitchen, dining and living make this such a great flow. The primary bedroom is on one side of the home with a private bathroom, the guest rooms share a hall bathroom. The beautiful window treatments will remain with the home. Outside you will find a new front entry ramp, new gutters, new chain length fence in the front. A 22 X 25 steel garage on a slab was added, also a 8 X 12 steel shed was added as a place for the owner's hobbies. Raised bed gardens, new Duramax generator XP 13000 EH comes with the home and two 30lb and two 40 lb propane tanks for the generator, new cadet riding mower and work cart also convey. This land is majestic with a meadow behind the home that would be the perfect place to fence for animals. Sellers have a preventative maintenance schedule for the Heat & Air system (2 inspections per year), Plumbing (1 inspection per year), Electrical (1 inspection per year). Also have yearly termite bond that can be transferred. Don't miss out on creating your perfect homestead!

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