665 Island Shoals 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 665 Island Shoals Rd, Covington, GA, 30016 priced at $293,000 pairs $1,979/mo rent with $196/mo cash flow after a $1,434/mo payment. Total monthly income equals $1,979/mo, and annual cash flow comes to $2,350/yr on $97,130 invested. Return on cash invested is 22.33% in year one, and rental yield stands at 8.11% on a $293,000 basis. Equity gained on principal adds $1,891/yr, and 5% annual appreciation accumulates to $80,951 by year five. Five-year ROI measures 115.67% and total cumulative return in cash reaches $112,354. For financing, Ziffy Mortgage’s DSCR program evaluates $1,979/mo property income against a $1,434/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2001
1.47 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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