590 King Bostick RdCovingtonGA30016
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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
Rental property for sale in Covington at 590 King Bostick Rd, Covington, GA, 30016 priced at $149,999 converts $1,160/mo rent into $247/mo cash flow after a $734/mo obligation. Total monthly income equals $1,160/mo, and annual cash flow totals $2,967/yr on $49,725 invested. Return on cash invested prints 25.88% in year one, and rental yield reads 9.28% against a $149,999 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 134.79% and total cumulative return in cash sums $67,026. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,160/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1983
3.05 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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