1408 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
Investment property for sale in Augusta at 1408 Colony Place Dr, Augusta, GA, 30907 offers a 15.57% rental yield on a $165,000 purchase with $2,141/mo rent. Total monthly income registers $2,141/mo, and a $808/mo payment leaves $976/mo available for distribution. Annual cash flow reaches $11,716/yr on $54,698 to close, and return on cash invested stands at 41.33% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 218.9% and total cumulative return in cash at $119,735. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,141/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
3,920 sqft lot
$N/A/sqft
$1,920 annually 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: Jonathan Bentley • Berkshire Hathaway Homeservices Beazley Realtors
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #531040
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.