1405 Colony Place DrAugustaGA30907
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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
Rental property for sale in Augusta at 1405 Colony Place Dr, Augusta, GA, 30907 priced at $165,000 converts $1,664/mo rent into $474/mo cash flow after a $808/mo obligation. Total monthly income equals $1,664/mo, and annual cash flow totals $5,689/yr on $54,698 invested. Return on cash invested prints 30.31% in year one, and rental yield reads 12.1% against a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation compiles into $45,586 by year five. Five-year ROI reaches 160.04% and total cumulative return in cash sums $87,539. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,664/mo property income covering a $808/mo payment, not borrower’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$170 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30907, Augusta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,466 (100%) |
| Owner Occupied HU | 14,900 (66.3%) |
| Renter Occupied HU | 6,466 (28.8%) |
| Vacant Housing Units | 1,100 ( 4.9%) |
| Median Home Value | $293,062 |
| Average Home Value | $333,486 |
Housing Distribution
Address Breakdown
Residential
21,397
Single Family
18,942
Multi-Family
2,455
Businesses
1,670
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Listed by: Micah Barber • Meybohm R E - Success Center
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #540690
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.