620 Springview DrCovingtonGA30014
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 620 Springview Dr, Covington, GA, 30014 offers $5,190/mo rent that, after a $3,911/mo payment, leaves $287/mo cash flow. Total monthly income is $5,190/mo, and annual cash flow is $3,443/yr on $262,871 cash. Return on cash invested measures 21.37% in year one, and rental yield stands at 7.79% at a $799,000 entry. Equity gained on principal adds $5,156/yr while 5% annual appreciation compounds into $220,749 by year five. Five-year ROI records 110.57% and total cumulative return in cash reaches $290,658. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,190/mo property income versus a $3,911/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
5.74 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shanta • Method Real Estate Advisors
Mls Name: GAMLS
Mls Provider:
Mls ID: #10415848
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.