1 7th St APT 602AugustaGA30901
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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
Investment property for sale in Augusta at 1 7th St APT 602, Augusta, GA, 30901 uses $90,168 cash to close to unlock $5,866/yr annual cash flow and $489/mo monthly cash flow. Total monthly income runs $2,144/mo, and a $1,331/mo payment keeps the spread at $489/mo. Purchase price stands at $272,000, and rental yield measures 9.46% with $2,144/mo rent. Return on cash invested shows 26.42% in year one, and 5% annual appreciation builds toward $75,149 over five years. Five-year ROI reaches 137.59% and total cumulative return in cash records $124,061. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,144/mo property income covering a $1,331/mo payment rather than investor’s personal income.
Condo
Built in 1990
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30901, Augusta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,525 (100%) |
| Owner Occupied HU | 1,788 (21.0%) |
| Renter Occupied HU | 5,343 (62.7%) |
| Vacant Housing Units | 1,394 (16.4%) |
| Median Home Value | $105,425 |
| Average Home Value | $171,661 |
Housing Distribution
Address Breakdown
Residential
7,423
Single Family
5,431
Multi-Family
1,992
Businesses
1,256
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