3202 Norris CtAugustaGA30907
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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 Augusta at 3202 Norris Ct, Augusta, GA, 30907 offers a 9.08% rental yield on a $258,400 purchase with $1,955/mo rent. Total monthly income registers $1,955/mo, and a $1,265/mo payment leaves $333/mo available for distribution. Annual cash flow reaches $3,991/yr on $85,660 to close, and return on cash invested stands at 24.57% in year one. Equity gained on principal adds $1,667/yr while 5% annual appreciation supports $71,391 over five years. Portfolio math shows five-year ROI at 127.95% and total cumulative return in cash at $109,603. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,955/mo property income against a $1,265/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30907, Augusta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,466 (100%) |
| Owner Occupied HU | 14,900 (66.3%) |
| Renter Occupied HU | 6,466 (28.8%) |
| Vacant Housing Units | 1,100 ( 4.9%) |
| Median Home Value | $293,062 |
| Average Home Value | $333,486 |
Housing Distribution
Address Breakdown
Residential
21,397
Single Family
18,942
Multi-Family
2,455
Businesses
1,670
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Listed by: Marcelo Andres Escanuela • Dogwood Real Estate, Llc
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #542752
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.