178 Norman RdCovingtonGA30014
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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
Investment property for sale in Covington at 178 Norman Rd, Covington, GA, 30014 uses $92,489 cash to close to unlock $3,078/yr annual cash flow and $257/mo monthly cash flow. Total monthly income runs $1,955/mo, and a $1,366/mo payment keeps the spread at $257/mo. Purchase price stands at $279,000, and rental yield measures 8.41% with $1,955/mo rent. Return on cash invested shows 23.24% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 120.57% and total cumulative return in cash records $111,511. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,955/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Single Family
Built in 2004
1.25 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Sabrina Arwood • Pinnacle Realtors
Mls Name: GAMLS
Mls Provider:
Mls ID: #10484457
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