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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 408 Gilmore St, Waycross, GA, 31501 listed at $195,000 pairs $1,140/mo rent with a $954/mo payment. Total monthly income runs $1,140/mo. Return on cash invested measures 19.05% in year one, and rental yield registers 7.02% at a $195,000 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,875 by year five. Five-year ROI tracks 98.11% and total cumulative return in cash totals $63,418. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,140/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1957
0.32 Acres 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 |
|---|---|---|
| 2024-12-14 | Listed for sale | $195,000 |
| 2022-05-16 | Sold | $175,000 |
| 2022-03-24 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $1105.15 | 0.13% | $27,696 | N/A |
| 2022-02-16 | $1103.74 | 12.53% | $27,696 | 22.02% |
| 2021-02-16 | $980.80 | -0.60% | $22,698 | 1.69% |
Listed by: Kristie Anderson • Honeyland Properties
Mls Name: GIAOR
Mls ID: #1651059
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.
