229 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
Investment property for sale in Covington at 229 Lotus Ln, Covington, GA, 30016 listed at $637,900 pairs $3,972/mo rent with a $3,122/mo payment to leave $90/mo cash flow. Total monthly income runs $3,972/mo, and annual cash flow reaches $1,078/yr on $209,869 cash to close. Return on cash invested measures 20.57% in year one, and rental yield registers 7.47% at a $637,900 basis. Equity gained on principal adds $4,116/yr, and annual property appreciation at 5% supports $176,240 by year five. Five-year ROI tracks 106.24% and total cumulative return in cash totals $222,955. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,972/mo property income relative to a $3,122/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2026
N/A 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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