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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% |
Investment property for sale in Covington at 140 Stephens Way, Covington, GA, 30016 at $286,000 posts ROI 24.67% with $376/mo cash flow from $2,184/mo rent. Total monthly income equals $2,184/mo, and annual cash flow records $4,515/yr on $94,809 to close. Return on cash invested measures 24.67% and rental yield reads 9.16% at the current $286,000. Equity gained on principal adds $1,846/yr, and 5% annual appreciation supports $79,017 by year five. Five-year ROI prints 128.58% and total cumulative return in cash totals $121,904.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,184/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2001
0.58 Acres lot
$N/A/sqft
$300 annually 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 |
|---|---|---|
| 2024-12-23 | Price change | $286,000 |
| 2024-11-12 | Listed for sale | $279,000 |
| 2024-09-12 | Listing removed | $279,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-16 | $2878.01 | 15.60% | $111,360 | 33.08% |
| 2022-02-16 | $2489.59 | 12.58% | $83,680 | 17.79% |
| 2021-02-16 | $2211.47 | -0.00% | $71,040 | 12.48% |
Listed by: Tony Wilson • Southern Classic Realtors
Mls Name: GAMLS
Mls Provider:
Mls ID: #10300115
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2025 GAMLS. All rights reserved.
