Property Details

Investment property: Stone Mountain, GA 30087

Address
Stone Mountain, GA  30087
County DeKalb
Subdivision
Bedrooms 3
Bathrooms 2
SqFt 1730
Stories 2
Garage

Price $ 69000
Repairs $ 10000
ARV $ 105000
Loan To Value 75.24 %
Equity $26,000
Description Fantastic home in Stone Mountain, GA. This home features 3 bedrooms and 2 bathrooms with a one car carport. Other features include a finished partial basement with laundry room, living room/dining room combo, an office/den, and an eat-in kitchen. House is getting new A/C system, new gutters, new appliances, & updated bathrooms. Home sits on a nice sized, level yard in a cul-de-sac and backs up to large luxury homes. Located in a quiet, stable neighborhood and only 30 minutes from Downtown Atlanta! Price = $79,000 Approximate Down Payment = $15,800 Approximate Financed Amount = $63,200 Approximate Monthly Payment = $601 Monthly Lease = $895 Projected Property Management = $72 Projected Cash flow = $222 Potential 16% Yearly Cash on Cash Return! Potential $26,000 profit on sale of home!

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Comps

Address 551 Cathwood Lane
Stone Mountain, GA 30087

3 BR / 2 BA 		1425 Sq. Ft.
Last Sold On: 12/04/2009

Sales Price: $115,000
Address 376 Pineburr Ln
Stone Mountain, GA 30087

4 BR / 3 BA 		1989 Sq. Ft.
Last Sold On: 11/10/2009

Sales Price: $103,000
Address 516 Woodstone Rd
Stone Mountain, GA 30087

3 BR / 2 BA 		1640 Sq. Ft.
Last Sold On: 10/12/2009

Sales Price: $92,000