$268,000
●
House -
Off Market
40 Hardwood Drive
Covington, GA 30016
3 Beds
2 Baths
1,669 Ft²
$1,458
Est. Monthly
7.60%
Cap Rate
About This Property
Welcome home to a beautiful ranch home located on a wooded lot with
an amazing wrap around porch. Entering the home you are greeted
with a foyer area along with a small desk area. The kitchen
features lots of cabinet space, breakfast area and a bar height
seating area as well. The kitchen has french doors that lead to a
stunning wrap around porch. The den area consist of a spacious
seating area, fireplace, and double tray ceiling. The Master
Bedroom has a master bath featuring a shower, separate garden tub,
double vanities and a large walk-in closet. The additional bedrooms
have a shared bathroom. The exterior of the home is easy
maintenance with vinyl siding, a gorgeous wrap around porch that is
wide enough for seating, small table for eating and more. The back
yard is level and wooded for privacy. The home also has a double
canopy area in the rear of the lot. There is also a two car
attached garage.
Unit Size
1,669 Ft²
Days on Market
-
Land Size
0.79 acres
Price per sqft
$165
Property Type
House
Property Taxes
$107
HOA Dues
-
Year Built
1991
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Cap Rate
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: 3 years ago (GAMLS #20164424)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 18, 2024 | Sold | ||
| Sold | |||
| Jan 8, 2024 | No longer available | - | |
| No longer available | |||
| Jan 2, 2024 | Listed by Keller Williams Premier | $275,000 | |
| Listed by Keller Williams Premier | |||
| | |||
|
Welcome home to a beautiful ranch home located on a wooded lot with an amazing wrap around porch. Entering the home you are greeted with a foyer area along with a small desk area. The kitchen features lots of cabinet space, breakfast area and a bar height seating area as well. The kitchen has french doors that lead to a stunning wrap around porch. The den area consist of a spacious seating area, fireplace, and double tray ceiling. The Master Bedroom has a master bath featuring a shower, separate garden tub, double vanities and a large walk-in closet. The additional bedrooms have a shared bathroom. The exterior of the home is easy maintenance with vinyl siding, a gorgeous wrap around porch that is wide enough for seating, small table for eating and more. The back yard is level and wooded for privacy. The home also has a double canopy area in the rear of the lot. There is also a two car attached garage.
| |||
| Oct 31, 2023 | Price Decreased |
$285,900
↓ $24K
(7.7%) | |
| Price Decreased | |||
| Sep 15, 2023 | Listed by Keller Williams Realty Atlanta Metro East | $309,900 | |
| Listed by Keller Williams Realty Atlanta Metro East | |||
| | |||
|
Welcome home to a beautiful ranch home located on a wooded lot with an amazing wrap around porch. Entering the home you are greeted with a foyer area along with a small desk area. The kitchen features lots of cabinet space, breakfast area and a bar height seating area as well. The kitchen has french doors that lead to a stunning wrap around porch. The Landry Room has lots of space and cabinets.
The den area consist of a spacious seating area, fireplace, and double tray ceiling. The Master Bedroom has a master bath featuring a shower, separate garden tub, double vanities and a large walk-in closet. The additional bedrooms have a shared bathroom. The exterior of the home is easy maintenance with vinyl siding, a gorgeous wrap around porch that is wide enough for seating, small table for eating and more. The back yard is level and wooded for privacy. The home also has a double canopy area in the rear of the lot. There is also a two car attached garage. The manager has listed the unit size as 1669 square feet.
| |||
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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
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Newton
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Listed by: Barnes and Moore, Keller Williams Premier
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 20164424
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 20164424
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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