6518 Gray Hawk Way, Stone Mountain, GA, 30087 | $217/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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6518 Gray Hawk Way, Stone Mountain, GA, 30087 | $217/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Motivated Seller

Rental Income

+ 1 more

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Stone Mountain at 6518 Gray Hawk Way, Stone Mountain, GA, 30087 uses $95,804 cash to close to unlock $2,599/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,976/mo, and a $1,415/mo payment keeps the spread at $217/mo. Purchase price stands at $289,000, and rental yield measures 8.2% with $1,976/mo rent. Return on cash invested shows 22.62% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 117.28% and total cumulative return in cash records $112,358. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,976/mo property income covering a $1,415/mo payment rather than investor’s personal income.

Single Family

Built in 1975

0.43 Acres lot

$N/A/sqft

No HOA

More details about the property

AN OPPORTUNITY YOU DO NOT WANT TO MISS MOTIVATED SELLER! No HOA. No Rental Restrictions. High-Demand Area. Welcome to 6518 Gray Hawk Way, a rare find in Stone Mountain offering versatility, instant equity potential, and endless possibilities for homeowners and investors alike. This property doesnt need much in terms of updates or repairs, making it perfect for a savvy buyer using FHA or FHA 203k financing with a low down payment or for an investor looking for a fast and profitable value-add opportunity. Inside, the existing layout and generous square footage allow for an easy conversion to 4+ bedrooms and 4+ bathrooms within the current structure and basement. This means you can dramatically increase value immediately, whether you plan to fix & flip or hold as a high-demand long-term rental. With NO HOA and NO RENTAL RESTRICTIONS, this property provides complete flexibility a rare advantage in todays market. The area is well-known for its strong rental activity, making this an excellent opportunity for investors seeking reliable cash flow. Why Buyers Love This Home: Minimal repairs needed FHA & FHA 203k friendly Easily expandable to 4+ beds & 4+ baths Basement with great potential No HOA / No rental restrictions Strong rental-demand neighborhood Motivated seller submit your offer before its gone! Strongly encouraged to come see the property in person no blind offers. Homes with this much upside and flexibility do not last long. This is your chance to secure a property with immediate value and future growth in one of Stone Mountains most desirable pockets.

Neighborhood Data

Neighborhood data shown for ZIP Code: 30087, Stone Mountain, GA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,499 (100%)
Owner Occupied HU	11,239 (77.5%)
Renter Occupied HU	2,608 (18.0%)
Vacant Housing Units	652 ( 4.5%)
Median Home Value	$383,971
Average Home Value	$420,818