10 Morningside PlAugustaGA30904
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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 10 Morningside Pl, Augusta, GA, 30904 with 5% annual appreciation on a $450,000 basis while $3,389/mo rent supports operations. Total monthly income totals $3,389/mo and a $2,203/mo payment preserves $650/mo for cash returns. Annual cash flow comes to $7,797/yr on $149,175 deployed, and return on cash invested reaches 25.14% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 9.04%. Five-year ROI measures 130.73% and total cumulative return in cash totals $195,018.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,389/mo property income versus a $2,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1966
1.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30904, Augusta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 4,820 (38.3%) |
| Renter Occupied HU | 5,935 (47.2%) |
| Vacant Housing Units | 1,831 (14.5%) |
| Median Home Value | $240,028 |
| Average Home Value | $285,185 |
Housing Distribution
Address Breakdown
Residential
10,986
Single Family
10,290
Multi-Family
696
Businesses
797
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Listed by: Greg Goodwin • Keller Williams Realty Augusta
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #532664
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.