1903 Old Concord Dr SECovingtonGA30016
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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 1903 Old Concord Dr SE, Covington, GA, 30016 uses $66,267 cash to close to unlock $4,101/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $1,558/mo, and a $978/mo payment keeps the spread at $342/mo. Purchase price stands at $199,900, and rental yield measures 9.35% with $1,558/mo rent. Return on cash invested shows 26.1% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 135.91% and total cumulative return in cash records $90,061. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,558/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1983
0.38 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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