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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% |
Investment property for sale in Waycross at 403 Lamplighter Ln, Waycross, GA, 31503 offers a 8.38% rental yield on a $214,900 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $1,052/mo payment leaves $157/mo available for distribution. Annual cash flow reaches $1,884/yr on $71,239 to close, and return on cash invested stands at 22.55% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 117.08% and total cumulative return in cash at $83,406. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31503, Waycross, GA area.
| 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 |
Residential
8,719
Single Family
8,603
Multi-Family
116
Businesses
455
Date | Event | Price |
|---|---|---|
| 2025-09-19 | Listed for sale | $214,900 |
| 2025-05-22 | Sold | $140,000 |
| 2025-02-15 | Pending sale | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-20 | $2203.00 | 30.87% | $85,600 | 46.91% |
| 2023-09-20 | $1683.31 | 0.06% | $58,266 | N/A |
| 2022-09-20 | $1682.37 | 245.12% | $58,266 | 33.53% |
What's Special
Pull Down Stairs
Listed by: Chris M. Carter • eXp Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10608873
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2025 GAMLS. All rights reserved.
