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Price per month Price Rent to
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$41.9K
3 beds / 1.5 baths

3BR/1+1BA Single Family House - Stone Mountain

Boggs Drive
Stone Mountain, GA 30087

Darn. This listing is no longer available.
Below is a snapshot of this listing from Mar 01, 2014.
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Beds Baths Sq ft Price
3 beds 1.5 Ba 1,229 $41.9K
Updated 5 months, 24 days ago
Description

SOLD! No longer available for sale

Brick Ranch with 2-Carport.

Home has 3 bedrooms with 1 baths with 1300' of living space and sits on a level acre lot. Great curb appeal and low maintenance makes this the perfect long-term Rental home!

Last owner just recently moved out so the home is almost livable in current condition. Recommended repairs for rental include interior paint, new flooring throughout, new kitchen counters and appliances, new light fixtures, and misc. repairs. Mechanicals all look good, a/c unit looks brand new. Total Rehab Estimate of $5k to $6k.

Tax value of $46,200 with 2011 taxes of only $541!

Recommend keeping this house as a Rental with Rent rates of $750/Month or net ROI of 16% plus back-end equity when you sell.

Net ROI - $750x12 = $9,000 rents
Annual Taxes = $541
Est. Insurance = $500
Property Mgmt. = $60/mthx12= $720
Net Annual Cash = $7239 or 16% ROI

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Property Amenities
  • Year Built: 1967
  • Stories: 1
  • Parking Spaces: 4
Schools
Students who live in this home attend the following Dekalb School District (Unified School District) public schools*:
School Level School
Primary School Pine Ridge Elementary School
Middle School Stephenson Middle School
High School Stephenson High School
Surrounding Area Stats
Type This listing is priced
Zip Code 60% less than 30087 Homes for Sale
City 51% less than Homes for Sale in Stone Mountain
County 72% less than DeKalb County Homes for Sale
State 70% less than GA Homes for Sale
Primary School 48% less than Homes for Sale near Pine Ridge Elementary School
Middle School 53% less than Homes for Sale near Stephenson Middle School
High School 53% less than Homes for Sale near Stephenson High School
Unified School District 64% less than Homes for Sale near Dekalb School District
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