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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Covington at 30 Oak Wood Ln, Covington, GA, 30016 offers a 10.61% rental yield on a $229,900 purchase with $2,033/mo rent. Total monthly income registers $2,033/mo, and a $1,125/mo payment leaves $634/mo available for distribution. Annual cash flow reaches $7,608/yr on $76,212 to close, and return on cash invested stands at 29.89% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 156.31% and total cumulative return in cash at $119,123. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,033/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30016, Covington, GA area.
| 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 |
Residential
22,228
Single Family
21,792
Multi-Family
436
Businesses
365
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: John Sherwood • Worthmoore Realty
Mls Name: GAMLS
Mls ID: #10606494
