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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Stone Mountain at 1032 Strap Hinge Trl, Stone Mountain, GA, 30083 generates $3,415/mo in rent and, after a $1,591/mo payment, leaves $1,375/mo in cash flow. Total monthly income is $3,415/mo, and annual cash flow is $16,503/yr on $107,738 invested. Return on cash invested sits at 35.23% in year one, and rental yield is 12.61% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 185.13% and total cumulative return in cash sums $199,453. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,415/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 30083, Stone Mountain, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,171 (100%) |
| Owner Occupied HU | 10,576 (45.6%) |
| Renter Occupied HU | 10,684 (46.1%) |
| Vacant Housing Units | 1,911 ( 8.2%) |
| Median Home Value | $284,446 |
| Average Home Value | $323,754 |
Residential
22,501
Single Family
16,111
Multi-Family
6,390
Businesses
1,219
Date | Event | Price |
|---|---|---|
| 2024-06-20 | Price change | $325,000 |
| 2024-05-09 | Listed for sale | $330,000 |
| 2022-09-23 | Sold | $309,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $3436.36 | 0.33% | $123,960 | 16.46% |
| 2022-09-14 | $3424.98 | 40.30% | $106,440 | 47.10% |
| 2021-09-14 | $2441.14 | 4.81% | $72,360 | 4.93% |
Listed by: John Andersen • Clareo Real Estate
Mls Name: GAMLS
Mls Provider:
Mls ID: #10322728
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2024 GAMLS. All rights reserved.
