6506 Grove Ln, Waycross, GA, 31503 | 5.25% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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6506 Grove Ln, Waycross, GA, 31503 | 5.25% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Waycross at 6506 Grove Ln, Waycross, GA, 31503 priced at $247,000 converts $1,080/mo rent into after a $1,209/mo obligation. Total monthly income equals $1,080/mo. Return on cash invested prints 13.7% in year one, and rental yield reads 5.25% against a $247,000 entry. Equity gained on principal adds $1,594/yr, while 5% annual appreciation compiles into $68,242 by year five. Five-year ROI reaches 69.44% and total cumulative return in cash sums $56,860. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,080/mo property income covering a $1,209/mo payment, not borrower’s personal income.

Single Family

Built in N/A

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this thoughtfully designed energy-efficient home, built with foamed insulation throughout the walls and roof for optimal utility savings. Offering a versatile layout, this home currently features 2 bedrooms and 2 bathrooms, with the seller willing to enclose an area to create a third bedroom prior to closing based on buyers' preference. Step inside to an open concept living space, where a bright and airy atmosphere welcomes you. The kitchen is the heart of the home, boasting a large island with bar seating, ample cabinetry, and included appliancesincluding an extra refrigerator, freezer, and gas grill. The adjacent dining area flows seamlessly into the spacious living room, making it perfect for both everyday living and entertaining. A sunroom at the entrance provides a cozy retreat, ideal for morning coffee, hobbies, or even an indoor garden. Beyond the kitchen, you'll find a convenient laundry room with direct access to the back porch, offering additional functionality

Neighborhood Data

Neighborhood data shown for ZIP Code: 31503, Waycross, GA area.

Housing Distribution

Housing Statistics

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