80 Forray 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
Investment property for sale in Covington at 80 Forray Dr, Covington, GA, 30016 uses $88,842 cash to close to unlock $6,075/yr annual cash flow and $506/mo monthly cash flow. Total monthly income runs $2,173/mo, and a $1,312/mo payment keeps the spread at $506/mo. Purchase price stands at $268,000, and rental yield measures 9.73% with $2,173/mo rent. Return on cash invested shows 26.75% in year one, and 5% annual appreciation builds toward $74,043 over five years. Five-year ROI reaches 139.59% and total cumulative return in cash records $124,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,173/mo property income covering a $1,312/mo payment rather than investor’s personal income.
Single Family
Built in 2020
7,405 sqft lot
$N/A/sqft
$425 annually 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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Nearby investment properties with comparable prices
Listed by: Robert Anthony • Homesmart Realty Partners
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7513430
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