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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 184 Elm St, Covington, GA, 30014 listed at $331,000 pairs $2,483/mo rent with a $1,620/mo payment to leave $416/mo cash flow. Total monthly income runs $2,483/mo, and annual cash flow reaches $4,987/yr on $109,727 cash to close. Return on cash invested measures 24.45% in year one, and rental yield registers 9% at a $331,000 basis. Equity gained on principal adds $2,136/yr, and annual property appreciation at 5% supports $91,449 by year five. Five-year ROI tracks 127.3% and total cumulative return in cash totals $139,681. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,483/mo property income relative to a $1,620/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1988
1.45 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-05-08 | Sold | $331,000 |
| 2025-04-28 | Pending sale | $349,900 |
| 2025-02-14 | Price change | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $3383.03 | -1.57% | $120,680 | 6.49% |
| 2023-10-19 | $3437.10 | 8.18% | $113,320 | 12.78% |
| 2022-10-19 | $3177.07 | 14.56% | $100,480 | 18.05% |
Listed by: Melissa E. Hawkins • Breco Realty & Investments
Mls Name: GAMLS
Mls Provider:
Mls ID: #10434043
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.
