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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 505 Magnolia St, Waycross, GA, 31501 priced at $180,000 converts $540/mo rent into after a $881/mo obligation. Total monthly income equals $540/mo. Return on cash invested prints 8.56% in year one, and rental yield reads 3.6% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 41.94% and total cumulative return in cash sums $25,025. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $540/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1939
9,147 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 |
|---|---|---|
| 2024-09-26 | Price change | $180,000 |
| 2024-08-19 | Price change | $182,000 |
| 2024-08-13 | Listed for sale | $185,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $1602.50 | 1821.69% | $40,159 | N/A |
| 2022-10-17 | $83.39 | 84.53% | $40,159 | 21.47% |
| 2021-10-17 | $45.19 | -1.82% | $33,060 | 15.35% |
Listed by: Harriet Bowman • Fesperman Real Estate
Mls Name: GIAOR
Mls ID: #1648320
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.
