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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 409 Magnolia St, Waycross, GA, 31501 with 5% annual appreciation on a $149,900 basis while $540/mo rent supports operations. 91% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 4.32%. Five-year ROI measures 54.53% and total cumulative return in cash totals $27,095. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $540/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
5,227 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 |
|---|---|---|
| 2025-03-26 | Listed for sale | $149,900 |
| 2020-06-19 | Sold | $100,300 |
| 2019-11-11 | Listed for sale | $99,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-27 | $1157.31 | 0.13% | $40,672 | N/A |
| 2022-03-27 | $1155.78 | -2.38% | $40,672 | 21.79% |
| 2021-03-27 | $1184.01 | -7.17% | $33,394 | 15.75% |
Listed by: Audra Padgett • Crossway Realty
Mls Name: GIAOR
Mls ID: #1652790
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.
