ELLINGTON Plan, The Ridge at Twin RiversCovingtonGA30016
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, ELLINGTON Plan, The Ridge at Twin Rivers, Covington, GA, 30016 in Covington deserves attention. This $299,990 property earns $2,579/mo in rent, a 10.32% gross yield, and nets $753/mo after the $1,349/mo payment. DSCR 1.91 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $82,882 compounds alongside $2,763/yr in yearly equity build, for a total cumulative return of $162,097.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 7.0% |
| Monthly Cash Flow | $753 | $450 |
City averages based on Covington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,579 |
| Total Monthly Debt Service | $1,706 |
| DSCR Ratio | 1.51x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
N/A 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
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
Single Family
Built in 2026
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
