60 Ivy DrCovingtonGA30016
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
Rental property for sale in Covington at 60 Ivy Dr, Covington, GA, 30016 priced at $283,000 pairs $2,237/mo rent with $489/mo cash flow after a $1,385/mo payment. Total monthly income equals $2,237/mo, and annual cash flow comes to $5,871/yr on $93,815 invested. Return on cash invested is 26.17% in year one, and rental yield stands at 9.49% on a $283,000 basis. Equity gained on principal adds $1,826/yr, and 5% annual appreciation accumulates to $78,188 by year five. Five-year ROI measures 136.41% and total cumulative return in cash reaches $127,971. For financing, Ziffy Mortgage’s DSCR program evaluates $2,237/mo property income against a $1,385/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1977
0.38 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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Listed by: MARK SPAIN • Mark Spain Real Estate
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7602194
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