For SaleNeutral Deal8 days on market
1856 Formosa Dr
1856 Formosa Dr, Augusta, GA 30906, Augusta, GA 30906
$134,900
Estimate®:$131,400
Listing Price
1856 Formosa Dr, Augusta, GA 30906
Loc: Augusta, GA
Days Listed
8
Tax Assessed
$138k
Estimate®
$131k
Market Rate
Lot Size
7,841 sqft
Rent Estimate
$1,275/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
2
Richmond Hill Elementary School
PK-5
0.9 mi away
2
Richmond Hill K-8
6-8
0.7 mi away
2
Butler High School
9-12
1.4 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch stylesingle-storybrick exteriortraditionalmature treelarge front lawnshingle roofblack shutterssuburbanestablished neighborhoodmailboxcozyresidential
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
6.93%
Total ROI
109.4%
Cash Flow
$79/mo
DSCR
1.11
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $79/mo net cash flow with a 6.9% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.9%)
- • Strong rental demand in Augusta
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-16 | Listed for sale | $134,900 | $108 |
| 2025-04-17 | Listing removed | $1,345 | $1 |
| 2025-04-06 | Listed for rent | $1,345 | $1 |
| 2023-12-21 | Listing removed | $0 | – |
| 2023-12-01 | Price change | $1,150 | $1 |
| 2023-11-29 | Listed for rent | $1,250 | $1 |
| 2023-11-21 | Listing removed | $0 | – |
| 2023-11-20 | Listed for rent | $1,250 | $1 |
| 2022-11-04 | Listing removed | $0 | – |
| 2022-10-26 | Listed for rent | $1,175 | $1 |
| 2019-03-06 | Listing removed | $875 | $1 |
| 2019-02-26 | Listed for rent | $875 | $1 |
| 2017-09-27 | Listing removed | $885 | $1 |
| 2017-08-10 | Listed for rent | $885 | $1 |
| 2017-07-14 | Sold | $47,500 | $38 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $1,933 | $55,004 |
| 2024 | $1,961.15 | $58,828 |
| 2023 | $1,695.17 | $51,324 |
| 2022 | $1,492.28 | $39,162 |
| 2021 | $1,151.61 | $25,076 |
| 2020 | $1,206.85 | $25,076 |
| 2019 | $1,213.63 | $25,076 |
| 2018 | $946.06 | $25,281 |
| 2017 | $1,015.4 | $25,281 |
| 2016 | $1,150.57 | $25,281 |
| 2015 | $1,150.57 | $25,281 |
| 2014 | $1,158.46 | $25,281 |
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