6017 Covington HwyDecaturGA30035
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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 Decatur at 6017 Covington Hwy, Decatur, GA, 30035 offers a 10.56% rental yield on a $207,000 purchase with $1,822/mo rent. Total monthly income registers $1,822/mo, and a $1,013/mo payment leaves $562/mo available for distribution. Annual cash flow reaches $6,748/yr on $68,621 to close, and return on cash invested stands at 29.74% in year one. Equity gained on principal adds $1,336/yr while 5% annual appreciation supports $57,190 over five years. Portfolio math shows five-year ROI at 155.5% and total cumulative return in cash at $106,702. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,822/mo property income against a $1,013/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 30035, Decatur, GA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,027 (100%) |
| Owner Occupied HU | 4,648 (51.5%) |
| Renter Occupied HU | 3,762 (41.7%) |
| Vacant Housing Units | 617 ( 6.8%) |
| Median Home Value | $263,019 |
| Average Home Value | $296,377 |
Housing Distribution
Address Breakdown
Residential
8,935
Single Family
6,970
Multi-Family
1,965
Businesses
769
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