35 Knights DrCovingtonGA30016
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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 35 Knights Dr, Covington, GA, 30016 offers $3,047/mo rent that, after a $2,130/mo payment, leaves $398/mo cash flow. Total monthly income is $3,047/mo, and annual cash flow is $4,781/yr on $144,269 cash. Return on cash invested measures 23.22% in year one, and rental yield stands at 8.4% at a $435,200 entry. Equity gained on principal adds $2,808/yr while 5% annual appreciation compounds into $120,238 by year five. Five-year ROI records 120.49% and total cumulative return in cash reaches $173,835. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,047/mo property income versus a $2,130/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
2.88 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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