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Cap Rate Analysis: Augusta, GA

Investment metrics, interactive calculators, and data-driven analysis for Augusta rental properties.

Moderate — source deals carefully
Based on $180,000 median price and $1,050/mo median rent
Est. Cap Rate
4.78%
1% Rule
0.58%
Fails
GRM
14.3x
Price / Income
4.2x

Market Data

Median Home Price$180,000
Median Monthly Rent$1,050
Property Tax Rate0.94%
Population203,023
Population Growth0.5% / yr
Median Household Income$42,800
Vacancy Rate6.8%
Annual Appreciation2.4%

Cap Rate Calculator — Augusta

Pre-filled with Augusta medians. Adjust to match a specific property.

Property Details
$
$
3–8% typical
%
Monthly Expenses
0.94% rate
$
$
8–10% of rent
$
8–12% of rent
$
Cap Rate
3.92%Low
Net Operating Income ÷ Purchase Price
NOI / Year
$7,063
net operating income
Gross Rent Multiplier
14.3x
Good (<15)
1% Rule
0.58%
✗ Fails
Monthly Cash Flow
$589
before debt service
Annual Breakdown
Gross Rental Income$12,600
Less Vacancy−$857
Effective Income$11,743
Less Operating Expenses−$4,680
Net Operating Income$7,063

Cash-on-Cash Return — Augusta

Factor in financing to see your actual return on invested capital in Augusta.

$
$45,000
%
%
years
$
taxes + ins + maint + mgmt
$
$
Cash-on-Cash Return
-6.45%Weak
Annual Cash Flow ÷ Total Cash Invested
Total Cash Invested
$50,400
$45,000 down + $5,400 closing
Monthly Mortgage
$880
on $135K loan
Monthly Cash Flow
$-271
after all expenses
Annual Cash Flow
$-3,253
before taxes
Cash Flow Breakdown
Monthly Rent$1,050
Less Expenses−$441
Less Mortgage−$880
Monthly Cash Flow$-271

Is Augusta a Good Place to Invest in Rental Property?

Augusta, GA has a population of 203,023 and has been growing at 0.5% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $180,000 paired with median rents of $1,050/mo produces an estimated cap rate of 4.78%.

Property taxes at 0.94% fall within the national average range and shouldn't present unusual challenges. The vacancy rate of 6.8% is moderate and within normal parameters for a healthy rental market.

At a price-to-income ratio of 4.2x, homes cost about 4.2 times the local median income of $42,800. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.4% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.

Bottom line: Augusta presents moderate opportunities. Cap rates near 4.78% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.

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