2438 Ridge RdAugustaGA30906
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 2438 Ridge Rd, Augusta, GA, 30906 in Augusta. Priced at $175,000, it generates $1,601/mo in gross rent and $523/mo in net monthly cash flow, a 10.98% yield that comfortably supports the 2.03 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,273. Five-year appreciation: $48,349. Equity from principal paydown: $1,612/yr. Total projected cumulative return: $100,005.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 7.2% |
| Monthly Cash Flow | $523 | $450 |
City averages based on Augusta market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,601 |
| Total Monthly Debt Service | $1,008 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1953
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30906, Augusta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,009 (100%) |
| Owner Occupied HU | 12,710 (50.8%) |
| Renter Occupied HU | 9,711 (38.8%) |
| Vacant Housing Units | 2,588 (10.3%) |
| Median Home Value | $130,607 |
| Average Home Value | $176,680 |
Housing Distribution
Address Breakdown
Residential
23,364
Single Family
23,363
Multi-Family
1
Businesses
1,291
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
Single Family
Built in 1953
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30906, Augusta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,009 (100%) |
| Owner Occupied HU | 12,710 (50.8%) |
| Renter Occupied HU | 9,711 (38.8%) |
| Vacant Housing Units | 2,588 (10.3%) |
| Median Home Value | $130,607 |
| Average Home Value | $176,680 |
Housing Distribution
Address Breakdown
Residential
23,364
Single Family
23,363
Multi-Family
1
Businesses
1,291
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cynthia Bayazes Folger • RE/MAX Reinvented
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #533999
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.