5509 Covent WayLithoniaGA30058
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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
Investment property for sale in Lithonia at 5509 Covent Way, Lithonia, GA, 30058 with 5% annual appreciation on a $173,000 basis while $1,323/mo rent supports operations. Total monthly income totals $1,323/mo and a $847/mo payment preserves $270/mo for cash returns. Annual cash flow comes to $3,238/yr on $57,350 deployed, and return on cash invested reaches 25.56% in year one. Equity gained on principal adds $1,116/yr, and five-year appreciation sums $47,797 alongside rental yield of 9.18%. Five-year ROI measures 132.98% and total cumulative return in cash totals $76,263.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,323/mo property income versus a $847/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30058, Lithonia, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,209 (100%) |
| Owner Occupied HU | 13,725 (56.7%) |
| Renter Occupied HU | 9,216 (38.1%) |
| Vacant Housing Units | 1,268 ( 5.2%) |
| Median Home Value | $278,543 |
| Average Home Value | $331,519 |
Housing Distribution
Address Breakdown
Residential
22,606
Single Family
19,921
Multi-Family
2,685
Businesses
1,390
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