509 E Sixth StreetWaynesboroGA30830
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Waynesboro at 509 E Sixth Street, Waynesboro, GA, 30830 priced at $160,000 converts $1,412/mo rent into $438/mo cash flow after a $783/mo obligation. Total monthly income equals $1,412/mo, and annual cash flow totals $5,260/yr on $53,040 invested. Return on cash invested prints 29.83% in year one, and rental yield reads 10.59% against a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 155.95% and total cumulative return in cash sums $82,718. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,412/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30830, Waynesboro, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,001 (100%) |
| Owner Occupied HU | 3,968 (56.7%) |
| Renter Occupied HU | 2,305 (32.9%) |
| Vacant Housing Units | 728 (10.4%) |
| Median Home Value | $163,342 |
| Average Home Value | $272,109 |
Housing Distribution
Address Breakdown
Residential
6,198
Single Family
6,198
Multi-Family
0
Businesses
582
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Listed by: Elizabeth Highsmith (Billips) • Blanchard & Calhoun
Mls Name: Hive MLS
Mls ID: #547426