115 Covington PlThomasvilleGA31792
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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 Thomasville at 115 Covington Pl, Thomasville, GA, 31792 uses $67,958 cash to close to unlock $8,373/yr annual cash flow and $698/mo monthly cash flow. Total monthly income runs $1,945/mo, and a $1,003/mo payment keeps the spread at $698/mo. Purchase price stands at $205,000, and rental yield measures 11.39% with $1,945/mo rent. Return on cash invested shows 32.23% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 168.78% and total cumulative return in cash records $114,702. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,945/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1994
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 31792, Thomasville, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 5,792 (50.7%) |
| Renter Occupied HU | 4,331 (37.9%) |
| Vacant Housing Units | 1,294 (11.3%) |
| Median Home Value | $244,769 |
| Average Home Value | $318,708 |
Housing Distribution
Address Breakdown
Residential
10,462
Single Family
9,683
Multi-Family
779
Businesses
1,041
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Listed by: Lorie English • South Georgia Land Management
Mls Name: TABRMLS
Mls ID: #925085
Disclaimer: Copyright Thomasville Area Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.