270 Myrtle Grove Ln, Covington, GA, 30014 | $560/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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270 Myrtle Grove Ln, Covington, GA, 30014 | $560/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Covington at 270 Myrtle Grove Ln, Covington, GA, 30014 offers $2,112/mo rent that, after a $1,248/mo payment, leaves $560/mo cash flow. Total monthly income is $2,112/mo, and annual cash flow is $6,721/yr on $84,533 cash. Return on cash invested measures 27.86% in year one, and rental yield stands at 9.94% at a $255,000 entry. Equity gained on principal adds $1,645/yr while 5% annual appreciation compounds into $70,452 by year five. Five-year ROI records 145.4% and total cumulative return in cash reaches $122,912. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,112/mo property income versus a $1,248/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1995

0.83 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully and elegantly renovated ranch nestled in the desirable Myrtle Grove subdivision, right in the heart of Covington. This meticulously renovated home offers a seamless blend of modern updates and timeless charm. Step inside and immediately feel at home with the warm tones of brand-new luxury vinyl plank flooring that flow throughout the entire space. A fresh coat of designer paint enhances the natural light and creates an invitingly fresh ambiance in every room. The living room is both spacious and cozy, featuring a charming fireplace perfect for relaxed evenings with loved ones and friends. The home boasts updated lighting fixtures throughout, contributing to a clean, bright, and modern atmosphere. The kitchen is truly the heart of the home and has been fully remodeled to impress. Enjoy granite countertops, a stylish tile backsplash, and a complete stainless steel appliance package, including a custom-fit microwave. The adjacent pantry offers generous storage, keeping everything organized and within reach. Designed with functionality in mind, the split-bedroom floor plan provides added privacy. The owners suite is tucked away on the right wing of the home, featuring vaulted and tray ceilings, a walk-in closet, and a luxuriously updated en-suite bath with a large, newly remodeled stand-up shower. The two secondary bedrooms are located on the opposite side of the home and share a fully updated bathroom ideal for family, guests, or a home office. The exterior of the home has also been treated to a fresh new look with updated paint and natural accents of trim, and a starter landscape package sets the stage for your own outdoor vision. This is a rare opportunity to own a fully remodeled home at an exceptional value offering both style and comfort in one of Covingtons most established communities.