145 Geranium LnCovingtonGA30016
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Covington at 145 Geranium Ln, Covington, GA, 30016 priced at $390,699 converts $2,947/mo rent into $515/mo cash flow after a $1,912/mo obligation. Total monthly income equals $2,947/mo, and annual cash flow totals $6,183/yr on $129,517 invested. Return on cash invested prints 24.68% in year one, and rental yield reads 9.05% against a $390,699 entry. Equity gained on principal adds $2,521/yr, while 5% annual appreciation compiles into $107,943 by year five. Five-year ROI reaches 128.51% and total cumulative return in cash sums $166,440. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,947/mo property income covering a $1,912/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$650 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30016, Covington, GA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
22,228
Single Family
21,792
Multi-Family
436
Businesses
365
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Listed by: Ja-Hisha Christian • DRB Group Georgia, LLC
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7360904
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