404 E 2nd StAUGUSTAKY41002
INVESTMENT ANALYSIS
Investment Verdict
Solid Income404 E 2nd St, AUGUSTA, KY, 41002 in AUGUSTA earns a respectable 9% gross yield at $129,900, but after the $584/mo mortgage the net cash flow is $183/mo, a tight but positive spread. Expense discipline (vacancy, management, maintenance) will determine whether the margin widens. Ziffy Mortgage's DSCR mortgage (1.67) still qualifies on property income; a larger down payment can improve the cash-flow buffer. Long-term, 5% appreciation projects $35,889 over five years, making equity the dominant return driver. Total projected return: $61,052.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 9.0% |
| Monthly Cash Flow | $183 | $150 |
City averages based on AUGUSTA market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $974 |
| Total Monthly Debt Service | $739 |
| DSCR Ratio | 1.32x |
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 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41002, Augusta, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,183 (100%) |
| Owner Occupied HU | 724 (61.2%) |
| Renter Occupied HU | 323 (27.3%) |
| Vacant Housing Units | 136 (11.5%) |
| Median Home Value | $129,545 |
| Average Home Value | $230,010 |
Housing Distribution
Address Breakdown
Residential
1,081
Single Family
1,057
Multi-Family
24
Businesses
74
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 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41002, Augusta, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,183 (100%) |
| Owner Occupied HU | 724 (61.2%) |
| Renter Occupied HU | 323 (27.3%) |
| Vacant Housing Units | 136 (11.5%) |
| Median Home Value | $129,545 |
| Average Home Value | $230,010 |
Housing Distribution
Address Breakdown
Residential
1,081
Single Family
1,057
Multi-Family
24
Businesses
74
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices