COVINGTON, GA 30016

FIX & FLIP OPPORTUNITY: 3/2 RANCH ON 0.61 ACRES, COVINGTON, GA

OFFERED AT $165,000585 Cowan Road, Covington, GA 30016 (Newton County)

PROPERTY DETAILS• 3 Beds• 2 Baths• 1,276 Sq Ft• 0.61 Acres• Built 1991

THE OPPORTUNITY• Step-less 3-bedroom, 2-bath vinyl-sided ranch with good bones• Split-bedroom plan with master on the main level• Eat-in kitchen and 2-car garage• Level 0.61-acre lot with no HOA• Similar-size homes in the area are trading between $260K and $285K, leaving a wide margin for a fix and flip

DEAL NUMBERS• Asking Price: $165,000• Estimated Repairs: $30,000-$45,000 (estimate only)• Estimated All-In Cost: $195,000-$210,000• Target After-Repair Value (ARV): $260,000-$285,000• Estimated Gross Spread: $50,000-$90,000 before closing, carrying and selling costs• Condition: Sold as-is. Buyer to verify condition and repair scope.

AFTER REPAIR VALUE: NEARBY COMPARABLES (Covington, GA 30016 submarket)• 40 Belmont Circle: 3bd/2ba, ~1,265 sqft, Sold at $285,000• 400 Oak Hill Drive: 3bd/2ba, ~1,515 sqft, Sold at $280,900• 80 Emily Trace: 3bd/2ba, ~1,320 sqft, Sold at $260,000• Comparable 3-bed/2-bath homes nearby sold between roughly $260K and $285K, supporting a conservative ARV of $260K-$285K for this 1,276 sqft ranch once renovated

WHY THIS DEAL WORKS• $165,000 in against a $260K-$285K target ARV, roughly $95K-$120K of gross spread before rehab and carrying costs• One-level, step-less ranch with master on main, which appeals to a broad range of buyers• Level 0.61-acre lot, 2-car garage, no HOA• Central heat and air, laminate flooring, and laundry already in place

CONTACT• Call John for details or to make an offer: (678) 498-5675

Repair figures are estimates, not a bid or inspection. Buyer is responsible for verifying all information, condition and comps.