242 Alberta AveNorth AugustaSC29860
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 North Augusta at 242 Alberta Ave, North Augusta, SC, 29860 generates $1,885/mo in rent and, after a $1,272/mo payment, leaves $338/mo in cash flow. Total monthly income is $1,885/mo, and annual cash flow is $4,055/yr on $86,157 invested. Return on cash invested sits at 24.62% in year one, and rental yield is 8.7% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 127.76% and total cumulative return in cash sums $110,074. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,885/mo property income rather than buyer’s personal income.
Townhouse
Built in 2013
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29860, North Augusta, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,938 (100%) |
| Owner Occupied HU | 6,309 (79.5%) |
| Renter Occupied HU | 1,025 (12.9%) |
| Vacant Housing Units | 604 ( 7.6%) |
| Median Home Value | $264,904 |
| Average Home Value | $271,717 |
Housing Distribution
Address Breakdown
Residential
7,782
Single Family
7,782
Multi-Family
0
Businesses
184
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Nearby investment properties with comparable prices
Listed by: GA SC Homes Team • Meybohm Real Estate - North Au
Mls Name: Aiken MLS
Mls ID: #219503