585 Cowan RdCovingtonGA30016
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 585 Cowan Rd, Covington, GA, 30016 in Covington hard to pass up. The 10.13% gross yield on a $229,000 purchase results in $1,933/mo in rent and $539/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.88). Annual cash flow of $6,474, five-year appreciation of $63,268, and $2,109/yr in equity build-up combine for a projected total cumulative return of $121,470.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.0% |
| Monthly Cash Flow | $539 | $450 |
City averages based on Covington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,933 |
| Total Monthly Debt Service | $1,303 |
| DSCR Ratio | 1.48x |
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 1991
0.61 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
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 1991
0.61 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices