843 Lake Terrace DrAugustaGA30904
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
Investment Highlights
Investment property for sale in Augusta at 843 Lake Terrace Dr, Augusta, GA, 30904 uses $65,969 cash to close to unlock $5,993/yr annual cash flow and $499/mo monthly cash flow. Total monthly income runs $1,758/mo, and a $974/mo payment keeps the spread at $499/mo. Purchase price stands at $199,000, and rental yield measures 10.6% with $1,758/mo rent. Return on cash invested shows 28.99% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 151.77% and total cumulative return in cash records $100,122. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,758/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.41 Acres lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Emem Stuppard • LPT REALTY
Mls Name: REALTORS of Greater Augusta
Mls Provider:
Mls ID: #539310
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.