40 Browning DrCovingtonGA30016
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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 40 Browning Dr, Covington, GA, 30016 priced at $367,999 pairs $2,732/mo rent with $492/mo cash flow after a $1,801/mo payment. Total monthly income equals $2,732/mo, and annual cash flow comes to $5,910/yr on $121,992 invested. Return on cash invested is 24.75% in year one, and rental yield stands at 8.91% on a $367,999 basis. Equity gained on principal adds $2,375/yr, and 5% annual appreciation accumulates to $101,671 by year five. Five-year ROI measures 128.7% and total cumulative return in cash reaches $157,009. For financing, Ziffy Mortgage’s DSCR program evaluates $2,732/mo property income against a $1,801/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
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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