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$865,000

For Sale - Active
2719 Cravey Dr NE, Atlanta, GA 30345
5 Beds
5 Baths
4,546 Square Feet
0.00 Acres Lot
Built in 1966
For Sale - Active
Units n/a
Checked: 11 hours ago
Updated: Jul 29, 2025 at 07:15AM

Investment Summary


Monthly Cash Flow
-$2,310
Cap Rate
2.9%
Cash-on-Cash Return
-13.9%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.5%

Property Description


0.00 Acres Lot
Built in 1966
For Sale - Active
Units n/a

Lovingly maintained by only two owners since it was built in 1966, this home blends timeless character with thoughtful modern upgrades. Set on a spacious, private, beautifully landscaped double lot, the main-level primary suite makes everyday living a breeze, while upstairs there are three oversized bedrooms, two full bathrooms, an office/laundry room that actually makes laundry day feel easy. Love to entertain? You'll swoon over the luxurious screened-in porch, perfect for morning coffee, evening conversations, or weekend lounging. Inside, rich hardwood floors, a cozy fireplace, and plantation shutters on brand-new Pella windows set the stage for warm, elegant living. Designed with the home chef in mind, the kitchen features premium appliances, double wall ovens, a warming drawer, and a built-in wet bar-all set within a space perfect for living and entertaining. The finished basement features a private studio apartment with its own full bath and kitchenette-ideal for guests, in-laws, or extra income. The three-car garage includes a convenient half bath and plenty of room for vehicles, storage, and that golf cart you've been dreaming about for a short ride to the active neighborhood swimming pool. Conveniently located near Emory University, the new Children's Healthcare of Atlanta campus, the CDC, and with easy access to both I-85 and I-285, this home is the perfect blend of peaceful retreat and in-town access. Full of history, heart, and thoughtful updates, this is more than a home-it's a rare find you won't want to miss.

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Location


Property Details


Parking

  • Details: Garage
  • Garage Spaces: 3
  • Spaces Total: 3

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 4
  • # of Baths (Total): 5.0

Interior Features

  • # of Stories: 3
  • Basement: Yes
  • Basement Description: Exterior Entry, Crawl Space, Bath/Stubbed, Finished, Interior Entry
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Roof Material: Other

Land Information

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

Lot Information

  • Parcel ID: 1824707003
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 1966

Tax Information

  • Annual Tax: $7,669

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Central Air

Location

  • County: De Kalb

Listing Details


Listed by:
Elizabeth Ehrlich Waite
Harry Norman Realtors
(404) 233-4142

Source:
Georgia MLS
MLS#: 10564409
Georgia MLS

Investment Summary


Monthly Cash Flow
-$2,310
Cap Rate
2.9%
Cash-on-Cash Return
-13.9%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-9.5%

Purchase Details

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Purchase price:
$865,000
Amount financed:
-$692,000
Down payment:
$173,000
Closing costs:
$25,950
Rehab costs:
$0
Initial cash invested:
$198,950
Square feet:
4,546
Cost per square foot:
$190
Monthly rent per square foot:
$0.88

Financing Details

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Loan amount:
$692,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$4,431
Property tax:
$639
Insurance:
$280
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,350

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,000 $48,000
Vacancy loss: (6%)
6% -$240 -$2,880
Operating income:
$3,760 $45,120

Operating Expenses


% Rent Monthly Yearly
Property taxes: (16%)
16%-$639-$7,669
Insurance: (7%)
7%-$280-$3,360
Property management: (8%)
8%-$320-$3,840
Repairs & maintenance: (5%)
5%-$200-$2,400
Capital expenditures: (5%)
5%-$200-$2,400
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (41%)
41%-$1,639-$19,669

Cash Flow


Monthly Yearly
Net operating income:
$2,121 $25,452
Mortgage payments:
-$4,431 -$53,172
Cash flow:
$2,310 $27,720