411 2nd St

Augusta, GA 30901
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2 bd, 1 ba | 1,124 sqft | Built in 1911

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List Price
$129,500

Initial Investment

$35,289

Purchase Price

$129,500

Down Payment

25%

Rent

$1,040

Total Return

$61,604

Annualized Return

22.1%

Cap Rate

5.5%

Gross Yield

9.6%

Cash Flow

-$524

Appreciation

8.5%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

3,485

HOA

None

Flood Risk

Not Required

411 Second Street, is a delightful 2-bedroom, 1-bathroom residence nestled in the heart of Olde Town Augusta. This wood sided single story style home blends historic charm with some updates, offering an inviting retreat for first-time homebuyers or savvy investors.Recently renovated, this home has new finishes throughout while retaining its timeless appeal. From the high ceilings to the big windows, the historic details exude warmth and character. The heart of the home will be the large kitchen featuring granite countertops, a classic tile backsplash, new lighting, and white appliances, with plenty of storage with a pantry and ample space for an eat-in area, it's perfect for hosting family meals or entertaining guests.From the front door, step into the cozy living room, where natural light floods the space, creating an inviting ambiance for relaxation or gathering with loved ones. There are two bedrooms, each offering new paint and carpeting for added comfort and style. Towards the back door, there is also a laundry space and/or mudroom area providing added storage and flexibility, ensuring seamless organization of daily essentials. Whether you're looking for your first home or considering an investment property, this home offers endless possibilities. Its prime location and updates make it equally appealing to buyers and renters alike. The owner has recently invested in foundation work, ensuring the long-term stability and durability of the home.Don't miss your chance to own a piece of Augusta and grow your portfolio or your memories in your new home. Schedule your showing today.

See more in Analysis
Ryan Widener
Auben Realty (GA)
GA Agent License #272313

Annual Financial Highlights

Expected Rent

$11,856

Expenses

-$2,990

Property Taxes

-$2,350

Loan Payments

-$7,040

Net Cash Flow

-$524

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Danielle Meikrantz
Agent License 401159
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Certified Agent Brokerage:Ryan Widener
Auben Realty (GA)
GA Brokerage License H-62788
SourceGreater Augusta AOR
MLS #527072
Last Updated: 03/26/2024 17:03
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