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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% |
Rental property for sale in Covington at 20 Tara Way, Covington, GA, 30016 priced at $242,000 pairs $2,136/mo rent with $604/mo cash flow after a $1,184/mo payment. Total monthly income equals $2,136/mo, and annual cash flow comes to $7,245/yr on $80,223 invested. Return on cash invested is 28.94% in year one, and rental yield stands at 10.59% on a $242,000 basis. Equity gained on principal adds $1,562/yr, and 5% annual appreciation accumulates to $66,860 by year five. Five-year ROI measures 151.46% and total cumulative return in cash reaches $121,506. For financing, Ziffy Mortgage’s DSCR program evaluates $2,136/mo property income against a $1,184/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30016, Covington, GA area.
| 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 |
Residential
22,228
Single Family
21,792
Multi-Family
436
Businesses
365
Date | Event | Price |
|---|---|---|
| 2025-03-31 | Sold | $242,000 |
| 2025-03-14 | Pending sale | $249,000 |
| 2025-02-18 | Price change | $249,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $2727.64 | 11.97% | $107,120 | 14.30% |
| 2023-10-19 | $2436.09 | 14.34% | $93,720 | 31.70% |
| 2022-10-19 | $2130.55 | 10.46% | $71,160 | 15.59% |
What's Special
Pull Down Stairs
Listed by: Tiffany Lee • EXP Realty, LLC.
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7535005
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