ZIP CODE 30016 // ATLANTA-SANDY SPRINGS-ALPHARETTA, GA // DATA AS OF 2026-09-30
Covington, GA (30016) Rental Property Cap Rate & Cash Flow Report
Located in Newton County (Covington, GA), Zip Code 30016 ranks #24 of 500 within this selected sample (95th percentile) with a Zillow ZHVI typical home-value index of $285,565 (-0.8% YoY) and a ZORI observed market rent of $1,905/mo (+2.0% YoY). Requires at least 25.7% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$103/mo
Annual: -$1,237/yr
Modeled Cap Rate
5.63%
NOI: $16,090/yr
Cash-on-Cash Return
-1.88%
Cash Needed: $65,680
1% Rule Ratio
0.67%
Gross Yield: 8.01%
Break-Even Rent
$2,024/mo
State Tax: 0.83%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 30016 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (GA Avg 0.83%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$1,444/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$564/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (30016)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $239,042 | $1,614/mo | 8.10% |
| 2022 | $299,463 | $1,735/mo | 6.95% |
| 2023 | $297,409 | $1,813/mo | 7.32% |
| 2024 | $299,535 | $1,821/mo | 7.30% |
| 2025 | $287,976 | $1,868/mo | 7.78% |
| 2026 | $285,565 | $1,905/mo | 8.01% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 30331 Atlanta, GA | $265,700 | $1,754/mo | 5.56% | -$112/mo |
| 30135 Douglasville, GA | $313,705 | $2,017/mo | 5.38% | -$179/mo |
| 30058 Lithonia, GA | $243,564 | $1,710/mo | 6.00% | -$14/mo |
| 30349 Atlanta, GA | $250,672 | $1,782/mo | 6.09% | +$5/mo |
| 30052 Loganville, GA | $387,807 | $2,356/mo | 5.01% | -$341/mo |
| 30083 Stone Mountain, GA | $242,492 | $1,425/mo | 4.81% | -$255/mo |