3507 Redd DrAugustaGA30906
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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
Investment property for sale in Augusta at 3507 Redd Dr, Augusta, GA, 30906 uses $61,294 cash to close to unlock $14,456/yr annual cash flow and $1,205/mo monthly cash flow. Total monthly income runs $2,330/mo, and a $905/mo payment keeps the spread at $1,205/mo. Purchase price stands at $184,900, and rental yield measures 15.12% with $2,330/mo rent. Return on cash invested shows 43.49% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 229.21% and total cumulative return in cash records $140,491. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,330/mo property income covering a $905/mo payment rather than investor’s personal income.
Multi Family
Built in 1966
0.26 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
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Listed by: Jasmin Bradley • Augusta Partners, LLC
Mls Name: GAMLS
Mls Provider:
Mls ID: #10289296
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.