2018 Richmond AveAugustaGA30904
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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 2018 Richmond Ave, Augusta, GA, 30904 priced at $150,000 converts $942/mo rent into $24/mo cash flow after a $734/mo obligation. Total monthly income equals $942/mo, and annual cash flow totals $283/yr on $49,725 invested. Return on cash invested prints 20.48% in year one, and rental yield reads 7.54% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 105.83% and total cumulative return in cash sums $52,626. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $942/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1948
10,018 sqft 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: Maureen Ruiz • MY KEYS REAL ESTATE, LLC
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #539720
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.