15 Joe Ewing DrCovingtonGA30016
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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 Covington at 15 Joe Ewing Dr, Covington, GA, 30016 priced at $390,000 converts $2,880/mo rent into $506/mo cash flow after a $1,909/mo obligation. Total monthly income equals $2,880/mo, and annual cash flow totals $6,075/yr on $129,285 invested. Return on cash invested prints 24.61% in year one, and rental yield reads 8.86% against a $390,000 entry. Equity gained on principal adds $2,517/yr, while 5% annual appreciation compiles into $107,750 by year five. Five-year ROI reaches 127.93% and total cumulative return in cash sums $165,392. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,880/mo property income covering a $1,909/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.26 Acres lot
$N/A/sqft
No 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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