Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 1518 Stoneleigh Way, Stone Mountain, GA, 30088 offers $2,670/mo rent that, after a $981/mo payment, leaves $1,433/mo cash flow. Total monthly income is $2,670/mo, and annual cash flow is $17,201/yr on $66,466 cash. Return on cash invested measures 45.79% in year one, and rental yield stands at 15.98% at a $200,500 entry. Equity gained on principal adds $1,294/yr while 5% annual appreciation compounds into $55,394 by year five. Five-year ROI records 241.62% and total cumulative return in cash reaches $160,593. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,670/mo property income versus a $981/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1980
4,356 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood data shown for ZIP Code: 30088, Stone Mountain, GA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,517 (100%) |
| Owner Occupied HU | 5,988 (56.9%) |
| Renter Occupied HU | 3,958 (37.6%) |
| Vacant Housing Units | 571 ( 5.4%) |
| Median Home Value | $262,240 |
| Average Home Value | $303,802 |
Residential
10,416
Single Family
8,432
Multi-Family
1,984
Businesses
183
Date | Event | Price |
|---|---|---|
| 2024-09-08 | Listed for sale | $200,500 |
| 2024-09-02 | Contingent | $200,500 |
| 2024-08-29 | Price change | $200,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-09-14 | $1229.67 | -3.40% | $67,000 | 31.99% |
| 2022-09-14 | $1272.99 | 26.27% | $50,760 | 29.23% |
| 2021-09-14 | $1008.15 | 10.81% | $39,280 | 12.74% |
Listed by: Kelly Logan • Lantern Real Estate Group
Mls Name: FMLS GA
Mls Provider:
Mls ID: #7411296
Disclaimer: Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please [click here](https://www.fmls.com/dmca) to review our DMCA policy and learn how to submit a takedown request. 2024 First Multiple Listing Service, Inc. [Click here for more information](/info/mls-disclaimers/#mls_30)
