Everest III Plan, WestminsterCovingtonGA30016
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 Everest III Plan, Westminster, Covington, GA, 30016 priced at $430,999 pairs $3,112/mo rent with $488/mo cash flow after a $2,110/mo payment. Total monthly income equals $3,112/mo, and annual cash flow comes to $5,861/yr on $142,876 invested. Return on cash invested is 24.01% in year one, and rental yield stands at 8.66% on a $430,999 basis. Equity gained on principal adds $2,781/yr, and 5% annual appreciation accumulates to $119,077 by year five. Five-year ROI measures 124.72% and total cumulative return in cash reaches $178,192. For financing, Ziffy Mortgage’s DSCR program evaluates $3,112/mo property income against a $2,110/mo payment instead of your W2s, 1099s, or Tax returns.
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
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