221 Lotus LnCovingtonGA30016
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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
Rental property for sale in Covington at 221 Lotus Ln, Covington, GA, 30016 priced at $665,900 pairs $3,355/mo rent with after a $3,259/mo payment. Total monthly income equals $3,355/mo. Return on cash invested is 16.24% in year one, and rental yield stands at 6.05% on a $665,900 basis. Equity gained on principal adds $4,297/yr, and 5% annual appreciation accumulates to $183,976 by year five. Five-year ROI measures 83% and total cumulative return in cash reaches $181,838. For financing, Ziffy Mortgage’s DSCR program evaluates $3,355/mo property income against a $3,259/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
2.15 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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