100 Forest Lake DrCovingtonGA30016
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Covington at 100 Forest Lake Dr, Covington, GA, 30016 priced at $349,999 converts $2,390/mo rent into $260/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,390/mo, and annual cash flow totals $3,119/yr on $116,025 invested. Return on cash invested prints 22.6% in year one, and rental yield reads 8.19% against a $349,999 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,698 by year five. Five-year ROI reaches 117.12% and total cumulative return in cash sums $135,890. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,390/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1975
5.58 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices