261 Redbud DrNorth AugustaSC29860
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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 North Augusta at 261 Redbud Dr, North Augusta, SC, 29860 offers a 9.18% rental yield on a $260,000 purchase with $1,988/mo rent. Total monthly income registers $1,988/mo, and a $1,273/mo payment leaves $382/mo available for distribution. Annual cash flow reaches $4,586/yr on $86,190 to close, and return on cash invested stands at 25.23% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 131.41% and total cumulative return in cash at $113,261. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,988/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
10,018 sqft lot
$N/A/sqft
$60 annually 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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Listed by: John Canty • Keller Williams Realty Augusta
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #541269
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.