








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Byron at 118 Covington Cv, Byron, GA, 31008 offers a 8.9% rental yield on a $236,600 purchase with $1,755/mo rent. Total monthly income registers $1,755/mo, and a $1,158/mo payment leaves $288/mo available for distribution. Annual cash flow reaches $3,456/yr on $78,433 to close, and return on cash invested stands at 24.32% in year one. Equity gained on principal adds $1,527/yr while 5% annual appreciation supports $65,368 over five years. Portfolio math shows five-year ROI at 126.55% and total cumulative return in cash at $99,255. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,755/mo property income against a $1,158/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 31008, Byron, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,574 (100%) |
| Owner Occupied HU | 6,638 (69.3%) |
| Renter Occupied HU | 2,055 (21.5%) |
| Vacant Housing Units | 881 ( 9.2%) |
| Median Home Value | $214,528 |
| Average Home Value | $231,469 |
Residential
8,677
Single Family
8,491
Multi-Family
186
Businesses
602
Date | Event | Price |
|---|---|---|
| 2025-07-22 | Listing removed | $240,000 |
| 2025-07-15 | Listed for sale | $240,000 |
| 2025-07-12 | Pending sale | $240,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $2288.33 | 6.98% | $78,440 | 20.09% |
| 2023-10-08 | $2139.03 | 24.28% | $65,320 | 25.62% |
| 2022-10-08 | $1721.09 | 10.08% | $52,000 | 10.08% |



Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A