421 Morgan AveNorth AugustaSC29841
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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 North Augusta at 421 Morgan Ave, North Augusta, SC, 29841 priced at $184,000 pairs $1,596/mo rent with $500/mo cash flow after a $901/mo payment. Total monthly income equals $1,596/mo, and annual cash flow comes to $6,003/yr on $60,996 invested. Return on cash invested is 29.75% in year one, and rental yield stands at 10.41% on a $184,000 basis. Equity gained on principal adds $1,187/yr, and 5% annual appreciation accumulates to $50,836 by year five. Five-year ROI measures 155.38% and total cumulative return in cash reaches $94,777. For financing, Ziffy Mortgage’s DSCR program evaluates $1,596/mo property income against a $901/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29841, North Augusta, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,966 (100%) |
| Owner Occupied HU | 10,367 (64.9%) |
| Renter Occupied HU | 4,266 (26.7%) |
| Vacant Housing Units | 1,333 ( 8.3%) |
| Median Home Value | $214,024 |
| Average Home Value | $274,435 |
Housing Distribution
Address Breakdown
Residential
14,890
Single Family
13,869
Multi-Family
1,021
Businesses
763
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Listed by: Stephanie Celeste King • United Real Estate, Aiken
Mls Name: Aiken MLS
Mls ID: #220218