$293,500
●
House -
Off Market
164 Ellis Trail
Covington, GA 30016
3 Beds
2 Baths
1,424 Ft²
$1,682
Est. Monthly
6.35%
Cap Rate
About This Property
Must see this beautiful ranch home on 2.63+- acres. The large
front porch welcomes you into this spacious ranch with a Vaulted
great room with a brick fireplace. Large eat in kitchen has
wood stained cabinetry and Dining area. All bedrooms are on one
level, with a spacious, owner's suite with treyed ceiling and a
master bathroom with tub/shower. combo Guest bedroom and full
bathroom and an additional room that is currently the home office
with French doors can be a third bedroom. Side entry Two car
garage. Covered back porch. Fenced in back.
Unit Size
1,424 Ft²
Days on Market
-
Land Size
2.63 acres
Price per sqft
$211
Property Type
House
Property Taxes
$209
HOA Dues
-
Year Built
1991
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (FMLS #7463093)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 5, 2025 | Sold | ||
| Sold | |||
| Jan 6, 2025 | In contract | - | |
| In contract | |||
| Nov 8, 2024 | Price Decreased |
$300,000
↓ $15K
(4.8%) | |
| Price Decreased | |||
| Sep 27, 2024 | Listed by Algin Realty, Inc. | $315,000 | |
| Listed by Algin Realty, Inc. | |||
| Aug 28, 2024 | Listed by Algin Realty, Inc. | $324,900 | |
| Listed by Algin Realty, Inc. | |||
| | |||
|
Must see this beautiful ranch home on 2.63+- acres. The large front porch welcomes you into this spacious ranch with a Vaulted great room with a brick fireplace. Large eat in kitchen has wood stained cabinetry and Dining area. All bedrooms are on one level, with a spacious, owner's suite with treyed ceiling and a master bathroom with tub/shower. combo Guest bedroom and full bathroom and an additional room that is currently the home office with French doors can be a third bedroom. Side entry Two car garage. Covered back porch. Fenced in back.
| |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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Sold On
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HOA + Taxes
About Newton
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Listed by: Evelyn Vanoostrom, Algin Realty, Inc.
Last Updated: 2 years ago
Data Source: FMLS, MLS# 7463093
Last Updated: 2 years ago
Data Source: FMLS, MLS# 7463093
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