501 Milledge Rd APT 15AAugustaGA30904
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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 501 Milledge Rd APT 15A, Augusta, GA, 30904 uses $49,692 cash to close to unlock $244/yr annual cash flow and $20/mo monthly cash flow. Total monthly income runs $1,183/mo, and a $734/mo payment keeps the spread at $20/mo. Purchase price stands at $149,900, and rental yield measures 9.47% with $1,183/mo rent. Return on cash invested shows 20.4% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 107.6% and total cumulative return in cash records $53,471. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,183/mo property income covering a $734/mo payment rather than investor’s personal income.
Condo
Built in 1978
3,920 sqft lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30904, Augusta, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,586 (100%) |
| Owner Occupied HU | 4,820 (38.3%) |
| Renter Occupied HU | 5,935 (47.2%) |
| Vacant Housing Units | 1,831 (14.5%) |
| Median Home Value | $240,028 |
| Average Home Value | $285,185 |
Housing Distribution
Address Breakdown
Residential
10,986
Single Family
10,290
Multi-Family
696
Businesses
797
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Listed by: Jessica Ware • Better Homes & Gardens Real Estate Ep
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #536211
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.