861 Saddle Cir, Waycross, GA, 31503 | 7.13% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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861 Saddle Cir, Waycross, GA, 31503 | 7.13% 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 861 Saddle Cir, Waycross, GA, 31503 priced at $315,000 converts $1,872/mo rent into after a $1,542/mo obligation. Total monthly income equals $1,872/mo. Return on cash invested prints 19.39% in year one, and rental yield reads 7.13% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 99.93% and total cumulative return in cash sums $104,345. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,872/mo property income covering a $1,542/mo payment, not borrower’s personal income.

Single Family

Built in 1987

0.45 Acres lot

$N/A/sqft

No HOA

More details about the property

This beautiful one owner home ranch style home sits on a beautifully landscaped half acre lot in a quiet, stable neighborhood just minutes from town. It is move-in ready! The home has been consistently maintained and steadily improved over the years. The bathrooms, kitchen and all flooring were redone in 2012. The roof was replaced in 2018. In 2023, Hardiboard replaced the cedar siding exterior, Shark coating was installed on the surface of the two-car garage and on the front porch, and a new deck was added. The entrance to good sized storage room is in the garage. A large back yard is cozily enclosed by a privacy fence, which is a year old. A sprinkler system makes lawn maintenance minimal. The great room and dining area are very generously sized, perfect for family gatherings. The floors are a warm laminate that look perfect with the oak cabinetry. The kitchen has a tile backsplash and leads into a huge laundry room. Both rooms have porcelain tile, as do the two bathrooms. The 3 nice sized bedrooms have carpet which has no stains or discoloration.

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