The Fairfield Plan, Neely Farm,Covington,GA,30014

Investment Highlights

Rental property for sale in Covington at The Fairfield Plan, Neely Farm, Covington, GA, 30014 priced at $368,900 converts $2,555/mo rent into $309/mo cash flow after a $1,806/mo obligation. Total monthly income equals $2,555/mo, and annual cash flow totals $3,713/yr on $122,290 invested. Return on cash invested prints 22.94% in year one, and rental yield reads 8.31% against a $368,900 entry. Equity gained on principal adds $2,380/yr, while 5% annual appreciation compiles into $101,920 by year five. Five-year ROI reaches 119.01% and total cumulative return in cash sums $145,532. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,555/mo property income covering a $1,806/mo payment, not borrower’s personal income.