3820 Covington HwyDecaturGA30032
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 3820 Covington Hwy, Decatur, GA, 30032 in Decatur. Priced at $209,900, it generates $1,798/mo in gross rent and $520/mo in net monthly cash flow, a 10.28% yield that comfortably supports the 1.90 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,241. Five-year appreciation: $57,992. Equity from principal paydown: $1,933/yr. Total projected cumulative return: $112,978.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 5.8% |
| Monthly Cash Flow | $520 | $450 |
City averages based on Decatur market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,798 |
| Total Monthly Debt Service | $1,194 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1942
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30032, Decatur, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,318 (100%) |
| Owner Occupied HU | 9,917 (44.4%) |
| Renter Occupied HU | 9,221 (41.3%) |
| Vacant Housing Units | 3,180 (14.2%) |
| Median Home Value | $308,774 |
| Average Home Value | $358,486 |
Housing Distribution
Address Breakdown
Residential
19,764
Single Family
16,823
Multi-Family
2,941
Businesses
1,018
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
Single Family
Built in 1942
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30032, Decatur, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,318 (100%) |
| Owner Occupied HU | 9,917 (44.4%) |
| Renter Occupied HU | 9,221 (41.3%) |
| Vacant Housing Units | 3,180 (14.2%) |
| Median Home Value | $308,774 |
| Average Home Value | $358,486 |
Housing Distribution
Address Breakdown
Residential
19,764
Single Family
16,823
Multi-Family
2,941
Businesses
1,018
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices