9285 Cedar Ridge Dr NW #A/BCovingtonGA30014
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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 Covington at 9285 Cedar Ridge Dr NW #A/B, Covington, GA, 30014 offers a 11.37% rental yield on a $369,000 purchase with $3,496/mo rent. Total monthly income registers $3,496/mo, and a $1,806/mo payment leaves $1,250/mo available for distribution. Annual cash flow reaches $15,003/yr on $122,324 to close, and return on cash invested stands at 32.17% in year one. Equity gained on principal adds $2,381/yr while 5% annual appreciation supports $101,948 over five years. Portfolio math shows five-year ROI at 168.5% and total cumulative return in cash at $206,115. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,496/mo property income against a $1,806/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
0.46 Acres lot
$N/A/sqft
No HOA
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Listed by: Michael Bezold • RPI Real Estate Services
Mls Name: MGMLS
Mls Provider:
Mls ID: #176959
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