Property Details

Investment property: Stone Mountain, GA 30087

Address
Stone Mountain, GA  30087
County DeKalb
Subdivision
Bedrooms 3
Bathrooms 2
SqFt 1656
Stories 2
Garage

Price $ 63000
Repairs $ 15000
ARV $ 115000
Loan To Value 67.83 %
Equity $37,000
Description Charming home located in Stone Mountain, GA. Home has 3 bedrooms / 2 bathrooms and features a family room, living room/dining room combo, a deck, and a 1 car garage. Home sits on a nice size, level wooded yard. Home is getting new carpet/flooring, fresh paint, new appliances, new fixtures, and updated kitchen and bathrooms! Located in a mature neighborhood. Only about 30 minutes to Downtown Atlanta! Close to shopping and dining - easy access to major roads and highways! Price = $63,000 Repairs = $15,000 Total Sales Price = $78,000 Approximate Down Payment = $15,600 Approximate Financed Amount = $62,400 Approximate Monthly Payment = $564 Projected Monthly Rent = $895 Projected Property Management = $72 Projected Cash flow = $259 Potential 20% Yearly Cash on Cash Return! Potential $37,000 profit on sale of home!

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Comps

Address 639 Cedrick Lane
Stone Mountain, GA 30087

4 BR / 2 BA 		1521 Sq. Ft.
Last Sold On: 02/12/2010

Sales Price: $132,000
Address 5626 Pennybrook Ct
Stone Mountain, GA 30087

3 BR / 3 BA 		1608 Sq. Ft.
Last Sold On: 10/14/2009

Sales Price: $131,000
Address 477 Mountain Park Trl
Stone Mountain, GA 30087

3 BR / 2 BA 		1564 Sq. Ft.
Last Sold On: 12/24/2009

Sales Price: $92,000