122 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
Rental property for sale in Thomasville at 122 Covington Pl, Thomasville, GA, 31792 priced at $215,000 converts $2,086/mo rent into $778/mo cash flow after a $1,052/mo obligation. Total monthly income equals $2,086/mo, and annual cash flow totals $9,333/yr on $71,273 invested. Return on cash invested prints 33% in year one, and rental yield reads 11.64% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 172.95% and total cumulative return in cash sums $123,265. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,086/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Townhouse
Built in 1994
5,662 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: Carey Sewell • First Thomasville Realty
Mls Name: TABRMLS
Mls ID: #925718