Multifamily

9285 Cedar Ridge Drive NW

Covington, GA 30014

Location

9285 Cedar Ridge Drive NW, Covington GA 30014

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List Price$335,000
2 Units$167,500 per unit
Published yieldsYields UnpublishedRent coverage 50% — yields unpublished
IncompleteListing evidence · class C
Rents1 / 2 units
Who paysWater tenant · Elec tenant · Gas tenant · Trash split
OccupancyNot in remarks
FinancialsMLS GI/NOI empty · Tax $1,915 (2025)

Not enough FMLS financials to publish cap, cash-on-cash, or DSCR in the hero. Use the calculator as a modeled scenario and request the rent roll / T-12.

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Data last updated: October 5, 2026 at 4:01 PM EST
ACTIVE
FMLS #7838626
Listing Provided By Virtual Properties Realty. Biz · 678-643-4606
Description

Property Description

Rare investor or house-hack opportunity in Covington, GA! This highly desirable four-sided brick duplex is located on a expansive 0.46-acre lot in the peaceful Cedar Ridge community, just a minutes from Oxford College, Historic Downtown Covington Square, vibrant local shopping, dining, parks, and quick access to I-20 for commuters. Positioned perfectly for consistent rental demand, the property offers a total of 6 bedrooms and 4 bathrooms split into two highly functional, multi-level 3BR/2BA units. Both spacious units showcase great layouts, each featuring a primary bedroom with walk-in closets and full bathroom on the main level, paired with two secondary bedrooms and a shared bath upstairs. The interiors boast incredible updates, including stainless steel appliances, upgraded kitchens, and fixtures. Exterior highlights include a beautifully landscaped front yard, an expansive fenced backyard, and a private rear parking lot with ample space for multiple vehicles. This property offers immediate cash flow or a perfect house-hacking setup—live in one side and let the tenant pay your mortgage. Unit B is currently occupied by a tenant. Please DO NOT DISTURB THE TENANT. To ensure tenant privacy, Unit B will only be available for interior viewing and inspection during the due diligence period. Unit A is vacant, completely updated, and ready for immediate occupancy or leasing.
Listing facts

From this record

  • Incomplete — 1 of 2 unit rents

2 doors on the listing. Generic market notes are below the fold.

Unit Mix & Available Rent Roll

Breakdown based on data provided in the FMLS listing· HUD Small Area FMR (ZIP 30014, FY2027)shown for comparison

UnitBedsBathsMonthly RentHUD SAFMRElecGasWaterGarbMaint
Unit 132—$1,620NNNYY
Unit 232$1,495$1,620+$125NNNNN
Total2 units$1,495Y = owner-paid · — = unknown

* Rent roll information is taken from the available FMLS listing data. Many multifamily listings do not include complete or verified tenant financials. Always verify actual rents, leases, and operating expenses during due diligence. HUD Small Area Fair Market Rents (ZIP-level payment standards) are published by the U.S. Department of Housing and Urban Development and are shown for comparison only.

Scenario

Investment Calculator

Scenario only. 1 of 2 rents in FMLS — GPI blank. Do not treat the results as in-place. Override any value.

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Repairs, pest, landscaping, cleaning, admin. Water and trash are separate lines. Electric/gas off when tenant-paid.

Conventional = fully amortizing. Commercial = shorter call + balloon. Seller finance = below-market note. Cash = no loan.

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Scenario only. Yields unpublished — thin roll. Results are not in-place.

Coverage rules
  • GPI pre-fills only from MLS GI, a building-total UnitTypes row, or a rent roll covering ≥ 80% of doors.
  • A single sample rent is not averaged across the building.
  • Vacancy floor is max(5%, 100 − present occupancy in remarks).
  • Mgmt 8% at 8+ units, else 10%. Insurance $800/door. R&M $800/door.
  • Utility allowances turn on only when the who-pays grid or remarks say owner-paid.
  • SAFMR push is mix-weighted and hidden when the sample is extrapolated from thin coverage.
  • Commercial = 30% / 7% / 25-yr amort. Conventional = 25% / 7% / 30-yr. Cash = 100% equity, no debt service. CoC = NOI ÷ price.
Incomplete

Jeff’s Investment Take

Market data · October 2026

Working thesis

Rent coverage or MLS financials are too thin to publish yields. Request the roll and T-12 before treating this as a screen.

  • Incomplete — 1 of 2 unit rents
Local market contextNewton County
Med. close $/door$71,16712 closed · 12 mo
Med. asking rent$1,495
Months of supply3.0Active ÷ (12-mo closed ÷ 12)
County sold gross11.9%Rent ÷ close · T12 sold tape
County asking gross13.3%Rent ÷ list · live asks
County sold NOI cap6.9%Calculator stack on closes

Modeled from available FMLS data, unit mix, and operating assumptions and Newton County benchmarks. DSCR and cash-on-cash use conventional terms (25% down / 7% / 30-yr) for ≤4 units. Always verify with current rent roll and expenses.

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Disclaimer

Important Investment Information

Median estimated cap, cash-on-cash, and DSCR require MLS gross income or NOI, a dated broker package, a listing building total, or a unit rent roll covering at least 80% of doors. Thin records stay Incomplete — those yields are not printed in the hero or on cards. The calculator is a labeled scenario, not in-place income.

When a line is missing we use disclosed defaults only inside the calculator: vacancy floor of max(5%, 100 − present occupancy in remarks); management 8% of EGI at 8+ units otherwise 10%; insurance $800 per door; R&M $800 per door. Utility allowances turn on only if the who-pays grid or remarks say owner-paid (water $900–1,800 per door until a T-12). A single who-pays row does not set the building. We do not use an all-in “other” of $1,100 per door, and we do not average one sample rent across the building.

Rent coverage 50% — yields unpublished

Any estimated or modeled figures represent the independent analysis of Jeff Crowe / Century 21 The Avenues and are not supplied by FMLS or the listing broker.

This website and its content are for informational and educational purposes only. Nothing on this site constitutes financial, investment, tax, or real estate advice. All information is deemed reliable but not guaranteed. You should always conduct your own thorough due diligence, verify all data independently, review the physical condition of the property, and consult with your own qualified attorney, accountant, and investment advisor before making any purchase decision.