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$260,000

For Sale - Active
20 Sloane Ct, Covington, GA 30016
3 Beds
3 Baths
1,614 Square Feet
0.00 Acres Lot
Built in 2021
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jun 27, 2025 at 03:49AM

Investment Summary


Monthly Cash Flow
-$151
Cap Rate
5.5%
Cash-on-Cash Return
-3.0%
Debt Coverage Ratio
0.89
Internal Rate of Return (5 years)
1.1%

Property Description


0.00 Acres Lot
Built in 2021
For Sale - Active
Units n/a

Beautifully maintained 2-story home offering the highly sought-after 1602 floor plan. This charming residence features an open-concept main level with a spacious great room, dining area, and a well-appointed kitchen showcasing white cabinetry, granite countertops, stainless steel appliances, and a generous pantry. Upstairs you'll find all three bedrooms, a large loft space perfect for an office or play area, a convenient walk-in laundry room, and two full baths. The primary suite includes a private bath with double vanity sinks and a walk-in closet. Enjoy a level lot, 2-car garage, and the benefits of no HOA. USDA-eligible location and only one owner.

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Attached, Driveway, Garage, Garage Door Opener, Kitchen Level
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Vinyl siding
  • Foundation: Slab
  • Roof Type: Gambrel
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0053A00000064000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2021

Tax Information

  • Annual Tax: $2,386

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Location

  • County: Newton

Listing Details


Listed by:
Maurice Hill
All Properties Professionals Realty, LLC.
(404) 419-6002

Source:
First Multiple Listing Service (FMLS)
MLS#: 7593276
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
-$151
Cap Rate
5.5%
Cash-on-Cash Return
-3.0%
Debt Coverage Ratio
0.89
Internal Rate of Return (5 years)
1.1%

Purchase Details

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Purchase price:
$260,000
Amount financed:
-$208,000
Down payment:
$52,000
Closing costs:
$7,800
Rehab costs:
$0
Initial cash invested:
$59,800
Square feet:
1,614
Cost per square foot:
$161
Monthly rent per square foot:
$1.24

Financing Details

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Loan amount:
$208,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,332
Property tax:
$199
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,671

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$199-$2,386
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$699-$8,386

Cash Flow


Monthly Yearly
Net operating income:
$1,181 $14,172
Mortgage payments:
-$1,332 -$15,984
Cash flow:
$151 $1,812