2 Palmetto St,Covington,GA,30014

Investment Highlights

Investment property for sale in Covington at 2 Palmetto St, Covington, GA, 30014 with 5% annual appreciation on a $157,400 basis while $2,026/mo rent supports operations. Total monthly income totals $2,026/mo and a $770/mo payment preserves $1,003/mo for cash returns. Annual cash flow comes to $12,036/yr on $52,178 deployed, and return on cash invested reaches 42.98% in year one. Equity gained on principal adds $1,016/yr, and five-year appreciation sums $43,487 alongside rental yield of 15.45%. Five-year ROI measures 226.93% and total cumulative return in cash totals $118,405.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,026/mo property income versus a $770/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.