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$639,000

For Sale - Active
25 Inverleigh Row, Covington, GA 30014
5 Beds
4 Baths
0 Square Feet
0.00 Acres Lot
Built in 2003
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Aug 11, 2025 at 02:52AM

Investment Summary


Monthly Cash Flow
-$1,349
Cap Rate
3.6%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Property Description


0.00 Acres Lot
Built in 2003
For Sale - Active
Units n/a

This massive home is ready for move-in. The entire house has been freshly painted and completely renovated. The property is close to a beautiful lakeside trail that's especially stunning in the mornings. The roof and gutter leaves protection were replaced in 2024. The entire house has been freshly painted. All water faucets have been replaced with new ones. Brand-new refrigerator, brand-new microwave, brand-new oven, and brand-new gas range. Every detail is thoughtfully designed to blend beauty with function, making this kitchen the heart of the home. Your large living room breaks up the space between your eating and sleeping, as your Primary Suite also lives on the main floor. It has a private view of your backyard and an en suite bathroom with a separate soaking tub and shower. Discover a magnificent ranch-style, four-sided brick home in the highly sought-after Lochwolde community of Covington. The open layout flows seamlessly into the breakfast room, creating a connected, spacious feel. The thoughtfully designed kitchen-complete with a stunning breakfast nook-flows seamlessly into a formal dining area that comfortably accommodates up to eight people, elevating your hosting experience and enhancing your lifestyle. From the deck overlooking the backyard, immerse yourself in the soothing sounds of nature, with hummingbirds and the gentle rustling of leaves creating a tranquil retreat. Upstairs, a fully equipped guest suite with a full bathroom awaits, providing the perfect private space for extended family or visitors. The unfinished basement, complete with plumbing for a future bathroom, offers endless possibilities for customization to suit your needs. The layout and space in the yard make it easy to bring any vision to life, no matter your outdoor goals!!

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Location


Property Details


Parking

  • Description: Attached, Garage, Garage Door Opener, Garage Faces Rear, Garage Faces Side, Kitchen Level, Parking Pad
  • Details: Garage, Garage Door Opener, Garage Faces Side
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Partial): 1
  • # of Baths (Total): 4.0

Interior Features

  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Daylight, Interior Entry, Unfinished, Walk-Out Access
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick Veneer
  • Foundation: Brick/Mortar
  • Roof Type: Gable
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $1,200/annually

Land Information

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

Lot Information

  • Parcel ID: 0101000000098000
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: European, Ranch, Traditional
  • Year Built: 2003

Tax Information

  • Annual Tax: $2,208

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Newton

Listing Details


Listed by:
Michelle Lee
Focus Realty
(770) 722-2446

Source:
First Multiple Listing Service (FMLS)
MLS#: 7627108
First Multiple Listing Service (FMLS)

Investment Summary


Monthly Cash Flow
-$1,349
Cap Rate
3.6%
Cash-on-Cash Return
-11.0%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.7%

Purchase Details

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Purchase price:
$639,000
Amount financed:
-$511,200
Down payment:
$127,800
Closing costs:
$19,170
Rehab costs:
$0
Initial cash invested:
$146,970
Square feet:
0
Cost per square foot:
n/a
Monthly rent per square foot:
n/a

Financing Details

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Loan amount:
$511,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$3,273
Property tax:
$184
Insurance:
$224
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,681

Operating Income

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% Rent Monthly Yearly
Gross rent:
$3,200 $38,400
Vacancy loss: (6%)
6% -$192 -$2,304
Operating income:
$3,008 $36,096

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$184-$2,208
Insurance: (7%)
7%-$224-$2,688
Property management: (8%)
8%-$256-$3,072
Repairs & maintenance: (5%)
5%-$160-$1,920
Capital expenditures: (5%)
5%-$160-$1,920
HOA fees: (3%)
3%-$100-$1,200
Total operating expenses: (34%)
34%-$1,084-$13,008

Cash Flow


Monthly Yearly
Net operating income:
$1,924 $23,088
Mortgage payments:
-$3,273 -$39,276
Cash flow:
$1,349 $16,188