Newlin Plan, Covington CoveAthensAL35611
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 Athens at Newlin Plan, Covington Cove, Athens, AL, 35611 at $251,000 posts ROI 29.31% with $652/mo cash flow from $2,069/mo rent. Total monthly income equals $2,069/mo, and annual cash flow records $7,821/yr on $83,207 to close. Return on cash invested measures 29.31% and rental yield reads 9.89% at the current $251,000. Equity gained on principal adds $1,620/yr, and 5% annual appreciation supports $69,347 by year five. Five-year ROI prints 152.53% and total cumulative return in cash totals $126,912.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,069/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 35611, Athens, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,458 (100%) |
| Owner Occupied HU | 7,619 (56.6%) |
| Renter Occupied HU | 4,425 (32.9%) |
| Vacant Housing Units | 1,414 (10.5%) |
| Median Home Value | $269,539 |
| Average Home Value | $297,129 |
Housing Distribution
Address Breakdown
Residential
12,482
Single Family
11,320
Multi-Family
1,162
Businesses
991
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