300 Island Cove DrNewnanGA30263
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newnan at 300 Island Cove Dr, Newnan, GA, 30263 generates $7,322/mo in rent, after a $7,953/mo payment. Total monthly income is $7,322/mo. Return on cash invested sits at 14.52% in year one, and rental yield is 5.41% on a $1,624,900 entry. Equity gained on principal adds $10,485/yr, while 5% annual appreciation builds toward $448,930 over five years. Five-year ROI reaches 73.7% and total cumulative return in cash sums $387,981. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,322/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30263, Newnan, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,277 (100%) |
| Owner Occupied HU | 15,885 (60.5%) |
| Renter Occupied HU | 8,981 (34.2%) |
| Vacant Housing Units | 1,411 ( 5.4%) |
| Median Home Value | $344,777 |
| Average Home Value | $386,235 |
Housing Distribution
Address Breakdown
Residential
24,261
Single Family
21,808
Multi-Family
2,453
Businesses
1,466
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices