55 Stone Ridge WayCovingtonGA30016
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
Investment property for sale in Covington at 55 Stone Ridge Way, Covington, GA, 30016 uses $110,224 cash to close to unlock $2,943/yr annual cash flow and $245/mo monthly cash flow. Total monthly income runs $2,281/mo, and a $1,627/mo payment keeps the spread at $245/mo. Purchase price stands at $332,500, and rental yield measures 8.23% with $2,281/mo rent. Return on cash invested shows 22.58% in year one, and 5% annual appreciation builds toward $91,864 over five years. Five-year ROI reaches 117.09% and total cumulative return in cash records $129,064. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,281/mo property income covering a $1,627/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.28 Acres lot
$N/A/sqft
$150 annually 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: Veda Nembhard • Ramzee Realty Group, Inc.
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7429367
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