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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Covington at 117 Tempie Ln, Covington, GA, 30016 priced at $243,400 converts $1,858/mo rent into $377/mo cash flow after a $1,191/mo obligation. Total monthly income equals $1,858/mo, and annual cash flow totals $4,523/yr on $80,687 invested. Return on cash invested prints 25.52% in year one, and rental yield reads 9.16% against a $243,400 entry. Equity gained on principal adds $1,571/yr, while 5% annual appreciation compiles into $67,247 by year five. Five-year ROI reaches 132.75% and total cumulative return in cash sums $107,114. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,858/mo property income covering a $1,191/mo payment, not borrower’s personal income.
Single Family
Built in 1976
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30016, Covington, GA area.
| 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 |
Residential
22,228
Single Family
21,792
Multi-Family
436
Businesses
365
Date | Event | Price |
|---|---|---|
| 2024-11-06 | Price change | $243,400 |
| 2024-10-11 | Listed for sale | $248,400 |
| 2024-10-10 | Pending sale | $248,400 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-13 | $1163.73 | 15.30% | $49,800 | 29.02% |
| 2022-11-13 | $1009.32 | 16.55% | $38,600 | 18.99% |
| 2021-11-13 | $866.01 | -3.19% | $32,440 | 7.70% |
Listed by: Taylor Morris • Morris Realty Co., LLC
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7438782
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