35 Fontana CtCovingtonGA30016
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 Covington at 35 Fontana Ct, Covington, GA, 30016 generates $3,355/mo in rent and, after a $1,580/mo payment, leaves $1,390/mo in cash flow. Total monthly income is $3,355/mo, and annual cash flow is $16,683/yr on $107,041 invested. Return on cash invested sits at 35.49% in year one, and rental yield is 12.47% on a $322,900 entry. Equity gained on principal adds $2,084/yr, while 5% annual appreciation builds toward $89,211 over five years. Five-year ROI reaches 186.31% and total cumulative return in cash sums $199,430. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,355/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.67 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anthony Branford • Prestige Brokers Group, LLC.
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7506093
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. 2024 First Multiple Listing Service, Inc. [Click here for more information](/info/mls-disclaimers/#mls_30)