10 Lamar LnCovingtonGA30016
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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
Investment Highlights
Investment property for sale in Covington at 10 Lamar Ln, Covington, GA, 30016 earns $246/mo cash flow from $2,054/mo rent with a $1,454/mo payment. Total monthly income totals $2,054/mo, and annual cash flow totals $2,953/yr on $98,456 capital. ROI tracks 22.91% on current figures, and rental yield reads 8.3% at a $297,000 purchase. Equity gained on principal adds $1,916/yr, and 5% annual appreciation supports $82,056 over five years. Five-year ROI reaches 118.83% and total cumulative return in cash sums $116,994. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,054/mo property income instead of your personal income.
Single Family
Built in 2005
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30016, Covington, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,634 (100%) |
| Owner Occupied HU | 16,654 (73.6%) |
| Renter Occupied HU | 5,085 (22.5%) |
| Vacant Housing Units | 895 ( 4.0%) |
| Median Home Value | $242,135 |
| Average Home Value | $271,567 |
Housing Distribution
Address Breakdown
Residential
22,228
Single Family
21,792
Multi-Family
436
Businesses
365
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