10 Elm St, Covington, GA, 30014 | $202/mo Cash Flow

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10 Elm St, Covington, GA, 30014 | $202/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Covington at 10 Elm St, Covington, GA, 30014 earns $202/mo cash flow from $932/mo rent with a $587/mo payment. Total monthly income totals $932/mo, and annual cash flow totals $2,424/yr on $39,780 capital. ROI tracks 26% on current figures, and rental yield reads 9.32% at a $119,999 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 135.34% and total cumulative return in cash sums $53,839. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $932/mo property income instead of your personal income.

Single Family

Built in 1906

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Located near the downtown district of this former mill village-listed on the National Register of Historic Places-this 1906 bungalow offers incredible potential. The home features a brand-new roof, original hardwood floors, tall ceilings, front and back porches, a carport, and an expandable attic. A small park sits just behind the property, adding to the charm of this unique setting. The home does need TLC, making it ideal for **cash buyers or investors** looking to restore and add value. Conventional financing may be possible, but this property is not eligible for FHA. Buyers considering conventional loans should speak directly with their lender to confirm program eligibility and requirements. This bungalow is in a prime location, within walking distance to local shopping, dining, entertainment, and the riverside park on the Yellow River. Join the many who are revitalizing these historic homes and investing in this quaint and growing community. This property is being offered as an investment opportunity.