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$299,000

For Sale - Active
116 Stewart Ave, Jonesboro, GA 30236
3 Beds
0 Baths
1,212 Square Feet
0.00 Acres Lot
Built in 2024
For Sale - Active
Units n/a
Checked: 24 hours ago
Updated: May 05, 2025 at 03:31AM

Investment Summary


Monthly Cash Flow
-$480
Cap Rate
4.4%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-4.1%

Property Description


0.00 Acres Lot
Built in 2024
For Sale - Active
Units n/a

Beautiful Craftsman Home in the Heart of Jonesboro 116 Stewart Ave, Jonesboro, GA 30236 Price: $299,000 | 3 Beds | 2 Baths | 1,212 Sq Ft | Lot: 0.45 Acres Your Perfect Home Awaits * Cozy 3-bedroom, 2-bathroom single-family home built in 2024 * Spacious 1,212 sq ft with modern laminate flooring and central heating & cooling * Updated kitchen with dishwasher, range/oven, and in-hall laundry closet * Raised crawl foundation with durable shingle roof * Charming Craftsman style with a welcoming front porch Location & Convenience * Located in the vibrant city of Jonesboro, Clayton County * Only 12 miles (~20 minutes) from Hartsfield-Jackson Atlanta International Airport * Quick access to Atlanta for work, entertainment, and dining * Walk to local schools (Lee Street Elementary, Jonesboro High), parks, churches, gyms, and playgrounds * Enjoy community events, shopping, and dining in downtown Jonesboro Family & Senior Friendly Community * Close to Lee Street Park with playgrounds, walking trails, and year-round events * Near J. Charley Griswell Senior Center offering social activities and wellness programs * Access to Clayton County International Park's beach and recreational facilities * Safe, welcoming neighborhood with a strong sense of community Why 116 Stewart Ave? * Ideal for families or retirees seeking a peaceful, convenient lifestyle * Historic charm meets modern comfort in a well-maintained home * Large lot size (0.45 acres) providing space for gardening or outdoor activities * Move-in ready with no immediate repairs needed Experience the best of Jonesboro living at 116 Stewart Ave - where community, comfort, and convenience come together. OWNER/AGENT

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Location


Property Details


Parking

  • Description: None
  • Details: None
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

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

Interior Features

  • # of Stories: 1
  • Attic: Yes
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

  • Roof Material: Composition

Land Information

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

Lot Information

  • Parcel ID: 13241CG008
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Craftsman
  • Year Built: 2024

Tax Information

  • Annual Tax: $3,429

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air, Dual

Location

  • County: Clayton

Investment Summary


Monthly Cash Flow
-$480
Cap Rate
4.4%
Cash-on-Cash Return
-8.4%
Debt Coverage Ratio
0.70
Internal Rate of Return (5 years)
-4.1%

Purchase Details

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Purchase price:
$299,000
Amount financed:
-$239,200
Down payment:
$59,800
Closing costs:
$8,970
Rehab costs:
$0
Initial cash invested:
$68,770
Square feet:
1,212
Cost per square foot:
$247
Monthly rent per square foot:
$1.65

Financing Details

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Loan amount:
$239,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$1,574
Property tax:
$286
Insurance:
$140
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,000

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,000 $24,000
Vacancy loss: (6%)
6% -$120 -$1,440
Operating income:
$1,880 $22,560

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$286-$3,430
Insurance: (7%)
7%-$140-$1,680
Property management: (8%)
8%-$160-$1,920
Repairs & maintenance: (5%)
5%-$100-$1,200
Capital expenditures: (5%)
5%-$100-$1,200
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$786-$9,430

Cash Flow


Monthly Yearly
Net operating income:
$1,094 $13,128
Mortgage payments:
-$1,574 -$18,888
Cash flow:
$480 $5,760