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$230,000

For Sale - Active
1090 Forest Path, Stone Mountain, GA 30088
3 Beds
0 Baths
1,476 Square Feet
0.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a
Checked: 2 days ago
Updated: Jul 13, 2025 at 04:28AM

Investment Summary


Monthly Cash Flow
-$284
Cap Rate
4.7%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.2%

Property Description


0.00 Acres Lot
Built in 2002
For Sale - Active
Units n/a

Investor opportunity in Stone Mountain's Forest East neighborhood. This 3-bedroom, 2-bath split-level sits on a level quarter-acre lot, offering solid potential for resale or rental income in a well-established community. The vaulted family room provides an open feel and natural light, while the fireplace adds a cozy focal point. The eat-in kitchen features white cabinets and laminate counters ready for updates or use as-is. All bedrooms are upstairs, including a primary suite with its own full bath for added privacy. Exterior features include a stone-accented front, a welcoming front porch, and a rear deck that is ideal for future outdoor entertaining space. The two-car garage offers secure parking and extra storage. Convenient to shopping, transit routes, and local schools.

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Location


Property Details


Parking

  • Details: Attached, Garage
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 0.0

Interior Features

  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Foundation: Slab
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 1603403092
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2002

Tax Information

  • Annual Tax: $5,009

Utilities

  • Water & Sewer: Public
  • Heating: Other
  • Cooling: Ceiling Fan(s)

Location

  • County: De Kalb

Listing Details


Listed by:
Taylor Rose
Mainstay Brokerage
(800) 583-2914

Source:
Georgia MLS
MLS#: 10528349
Georgia MLS

Investment Summary


Monthly Cash Flow
-$284
Cap Rate
4.7%
Cash-on-Cash Return
-6.4%
Debt Coverage Ratio
0.76
Internal Rate of Return (5 years)
-2.2%

Purchase Details

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Purchase price:
$230,000
Amount financed:
-$184,000
Down payment:
$46,000
Closing costs:
$6,900
Rehab costs:
$0
Initial cash invested:
$52,900
Square feet:
1,476
Cost per square foot:
$156
Monthly rent per square foot:
$1.29

Financing Details

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Loan amount:
$184,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,178
Property tax:
$417
Insurance:
$133
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,728

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,900 $22,800
Vacancy loss: (6%)
6% -$114 -$1,368
Operating income:
$1,786 $21,432

Operating Expenses


% Rent Monthly Yearly
Property taxes: (22%)
22%-$417-$5,009
Insurance: (7%)
7%-$133-$1,596
Property management: (8%)
8%-$152-$1,824
Repairs & maintenance: (5%)
5%-$95-$1,140
Capital expenditures: (5%)
5%-$95-$1,140
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (47%)
47%-$892-$10,709

Cash Flow


Monthly Yearly
Net operating income:
$894 $10,728
Mortgage payments:
-$1,178 -$14,136
Cash flow:
$284 $3,408