258 Tulip DrCovingtonGA30016
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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 258 Tulip Dr, Covington, GA, 30016 with 5% annual appreciation on a $405,699 basis while $3,355/mo rent supports operations. Total monthly income totals $3,355/mo and a $1,986/mo payment preserves $831/mo for cash returns. Annual cash flow comes to $9,976/yr on $134,489 deployed, and return on cash invested reaches 27.33% in year one. Equity gained on principal adds $2,618/yr, and five-year appreciation sums $112,087 alongside rental yield of 9.92%. Five-year ROI measures 142.68% and total cumulative return in cash totals $191,885.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,355/mo property income versus a $1,986/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
N/A lot
$N/A/sqft
$650 annually 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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Listed by: Nina Howell • DRB Group Georgia, LLC
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7513168
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