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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% |
Rental property for sale in Waycross at 503 Pinecone St, Waycross, GA, 31501 priced at $155,000 converts $1,140/mo rent into $196/mo cash flow after a $759/mo obligation. Total monthly income equals $1,140/mo, and annual cash flow totals $2,355/yr on $51,383 invested. Return on cash invested prints 24.49% in year one, and rental yield reads 8.83% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 127.36% and total cumulative return in cash sums $65,440. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,140/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1959
10,454 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 |
|---|---|---|
| 2024-08-28 | Price change | $155,000 |
| 2024-07-23 | Listed for sale | $159,000 |
| 2021-06-14 | Sold | $118,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-15 | $1276.81 | 0.13% | $31,998 | N/A |
| 2022-09-15 | $1275.18 | 8.22% | $31,998 | 17.35% |
| 2021-09-15 | $1178.27 | 36.84% | $27,267 | 40.00% |
Listed by: Heather Fluker • eXp Realty, LLC
Mls Name: GIAOR
Mls ID: #1647950
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.
