3159 Mill St NECovingtonGA30014
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
Investment property for sale in Covington at 3159 Mill St NE, Covington, GA, 30014 with 5% annual appreciation on a $220,000 basis while $1,526/mo rent supports operations. Total monthly income totals $1,526/mo and a $1,077/mo payment preserves $187/mo for cash returns. Annual cash flow comes to $2,242/yr on $72,930 deployed, and return on cash invested reaches 22.98% in year one. Equity gained on principal adds $1,420/yr, and five-year appreciation sums $60,782 alongside rental yield of 8.32%. Five-year ROI measures 119.19% and total cumulative return in cash totals $86,927.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,526/mo property income versus a $1,077/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1944
6,534 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Katrina Hutcherson • Joe Stockdale Real Estate, LLC
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7516675
Disclaimer: Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please [click here](https://www.fmls.com/dmca) to review our DMCA policy and learn how to submit a takedown request. 2025 First Multiple Listing Service, Inc. [Click here for more information](/mls-disclaimers/#30)