2702 Downing StAugustaGA30909
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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 2702 Downing St, Augusta, GA, 30909 priced at $850,000 converts $2,242/mo rent into after a $4,160/mo obligation. Total monthly income equals $2,242/mo. Return on cash invested prints 7.48% in year one, and rental yield reads 3.17% against a $850,000 entry. Equity gained on principal adds $5,485/yr, while 5% annual appreciation compiles into $234,839 by year five. Five-year ROI reaches 36.05% and total cumulative return in cash sums $100,822. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,242/mo property income covering a $4,160/mo payment, not borrower’s personal income.
Single Family
Built in 1974
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30909, Augusta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,222 (100%) |
| Owner Occupied HU | 10,138 (38.7%) |
| Renter Occupied HU | 13,522 (51.6%) |
| Vacant Housing Units | 2,562 ( 9.8%) |
| Median Home Value | $286,399 |
| Average Home Value | $306,999 |
Housing Distribution
Address Breakdown
Residential
25,614
Single Family
21,776
Multi-Family
3,838
Businesses
1,811
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Listed by: Gardelle Lewis • Meybohm Real Estate - Wheeler
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #536433
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.