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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 6430 Otter Rd, Waycross, GA, 31503 priced at $129,000 pairs $1,470/mo rent with $685/mo cash flow after a $631/mo payment. Total monthly income equals $1,470/mo, and annual cash flow comes to $8,223/yr on $42,764 invested. Return on cash invested is 39.14% in year one, and rental yield stands at 13.67% on a $129,000 basis. Equity gained on principal adds $832/yr, and 5% annual appreciation accumulates to $35,640 by year five. Five-year ROI measures 205.92% and total cumulative return in cash reaches $88,057. For financing, Ziffy Mortgage’s DSCR program evaluates $1,470/mo property income against a $631/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2020
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31503, Waycross, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,130 (100%) |
| Owner Occupied HU | 5,538 (60.7%) |
| Renter Occupied HU | 2,448 (26.8%) |
| Vacant Housing Units | 1,144 (12.5%) |
| Median Home Value | $126,673 |
| Average Home Value | $163,126 |
Residential
8,719
Single Family
8,603
Multi-Family
116
Businesses
455
Date | Event | Price |
|---|---|---|
| 2024-09-06 | Price change | $129,000 |
| 2024-08-28 | Listed for sale | $139,000 |
| 2021-08-09 | Sold | $72,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $900.15 | 0.05% | $31,158 | N/A |
| 2022-10-17 | $899.66 | 856.98% | $31,158 | 579.42% |
| 2021-10-17 | $94.01 | -38.90% | $4,586 | -3.64% |
Listed by: Will Bashlor • eXp Realty
Mls Name: GAMLS
Mls Provider:
Mls ID: #10371107
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
