350 White Birch DrCovingtonGA30016
Nearby investment properties with comparable rents
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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 350 White Birch Dr, Covington, GA, 30016 generates $2,023/mo in rent and, after a $1,087/mo payment, leaves $637/mo in cash flow. Total monthly income is $2,023/mo, and annual cash flow is $7,644/yr on $73,593 invested. Return on cash invested sits at 30.3% in year one, and rental yield is 10.94% on a $221,999 entry. Equity gained on principal adds $1,433/yr, while 5% annual appreciation builds toward $61,334 over five years. Five-year ROI reaches 158.68% and total cumulative return in cash sums $116,775. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,023/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
0.59 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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Listed by: NAIMAH WILLIAMS • Keller Wms Re Atl Midtown
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7561061
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