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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 Newnan at 120 Lake Cove Approach, Newnan, GA, 30265 generates $2,314/mo in rent and, after a $1,664/mo payment, leaves $179/mo in cash flow. Total monthly income is $2,314/mo, and annual cash flow is $2,143/yr on $112,710 invested. Return on cash invested sits at 21.81% in year one, and rental yield is 8.17% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 113.17% and total cumulative return in cash sums $127,554. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,314/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
10,193 sqft lot
$N/A/sqft
$795 annually HOA
Neighborhood data shown for ZIP Code: 30265, Newnan, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,724 (100%) |
| Owner Occupied HU | 11,120 (70.7%) |
| Renter Occupied HU | 3,842 (24.4%) |
| Vacant Housing Units | 762 ( 4.8%) |
| Median Home Value | $359,166 |
| Average Home Value | $393,740 |
Residential
15,001
Single Family
13,488
Multi-Family
1,513
Businesses
994
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $340,000 |
| 2025-02-08 | Listing removed | $1,915 |
| 2025-01-31 | Price change | $1,915 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-29 | $2610.48 | 2.04% | $114,244 | 8.65% |
| 2023-03-29 | $2558.30 | -5.79% | $105,150 | 4.06% |
| 2022-03-29 | $2715.65 | 27.78% | $101,044 | 30.67% |
Listed by: Robert Salmons • Entera Realty, LLC
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7546458
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