30 Fair Forest TerCovingtonGA30016
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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 30 Fair Forest Ter, Covington, GA, 30016 generates $2,009/mo in rent and, after a $1,591/mo payment, leaves $31/mo in cash flow. Total monthly income is $2,009/mo, and annual cash flow is $369/yr on $107,738 invested. Return on cash invested sits at 20.25% in year one, and rental yield is 7.42% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 104.53% and total cumulative return in cash sums $112,621. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,009/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.65 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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