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$358,000

For Sale - Active
2467 Overlook Ave, Lithonia, GA 30058
4 Beds
3 Baths
2,642 Square Feet
0.00 Acres Lot
Built in 2016
For Sale - Active
Units n/a
Checked: 19 hours ago
Updated: Aug 31, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
-$677
Cap Rate
3.9%
Cash-on-Cash Return
-9.9%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.6%

Property Description


0.00 Acres Lot
Built in 2016
For Sale - Active
Units n/a

Welcome to this unique 4-bedroom, 3-bath home with a versatile loft, showcasing one of the rarest floor plans in the highly sought-after Mason's Mill community. Step inside to a stunning 2-story entrance foyer and enjoy fresh updates throughout, including brand-new carpet, interior paint, and a new water heater. The main level features a separate dining room, as well as a bedroom with a full bath-ideal for guests or multi-generational living, such as a den or an office. The spacious family room features a side door leading to a covered patio, ideal for relaxing or entertaining. Granite countertops elevate the kitchen and bathrooms, complementing the home's modern design. Upstairs, the primary suite boasts dual his-and-hers closets, accompanied by two additional oversized bedrooms and a generous loft that provides flexible space for an office, playroom, or media area. This home blends comfort, function, and style-all in an unbeatable location. Ideally located in a quiet and friendly setting, with easy access to schools, shopping, and parks.

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Location


Property Details


Parking

  • Description: Attached, Garage, Level Driveway
  • Details: Garage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 2
  • Basement Description: None
  • Fireplace: Yes

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $450/annually

Land Information

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

Lot Information

  • Parcel ID: 1619902045
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Brick Front
  • Year Built: 2016

Tax Information

  • Annual Tax: $6,359

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Zoned
  • Cooling: Ceiling Fan(s), Electric, Zoned

Location

  • County: De Kalb

Listing Details


Listed by:
Fang Yang
McKinley Properties LLC
(678) 691-4048

Source:
Georgia MLS
MLS#: 10585828
Georgia MLS

Investment Summary


Monthly Cash Flow
-$677
Cap Rate
3.9%
Cash-on-Cash Return
-9.9%
Debt Coverage Ratio
0.63
Internal Rate of Return (5 years)
-5.6%

Purchase Details

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Purchase price:
$358,000
Amount financed:
-$286,400
Down payment:
$71,600
Closing costs:
$10,740
Rehab costs:
$0
Initial cash invested:
$82,340
Square feet:
2,642
Cost per square foot:
$136
Monthly rent per square foot:
$0.95

Financing Details

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Loan amount:
$286,400
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,834
Property tax:
$530
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,539

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (21%)
21%-$530-$6,360
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (2%)
2%-$38-$456
Total operating expenses: (48%)
48%-$1,193-$14,316

Cash Flow


Monthly Yearly
Net operating income:
$1,157 $13,884
Mortgage payments:
-$1,834 -$22,008
Cash flow:
$677 $8,124