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$255,000

For Sale - Active
3130 Haynes Park Dr, Lithonia, GA 30038
2 Beds
0 Baths
1,559 Square Feet
0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 13, 2025 at 03:26AM

Investment Summary


Monthly Cash Flow
-$513
Cap Rate
3.7%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.2%

Property Description


0.00 Acres Lot
Built in 2007
For Sale - Active
Units n/a

Welcome to the Haynes Park Community in the city of Lithonia, conveniently located next to Stonecrest Mall, with great restaurants, grocery stores, and shopping. When you pull into this peaceful community, you will find a spacious 2-bedroom, 2.5 bathroom home of your dreams. As you step inside the entrance foyer, you will find perfectly framed areas for your pictures or other displays. In the kitchen, you will find a stainless steel fridge, beautiful appliances, & spacious countertops with a breakfast bar. Thanks to the open concept, you can view the living room right from the kitchen. The living room features a beautiful black accent wall; a perfect conversation piece while entertaining guests. Upstairs, you will find a large master bedroom & 1 guest bedroom. Both rooms are on opposite sides of the upper floor, ensuring maximum privacy. You don't want to miss out on this opportunity to live in a peaceful environment with all these great amenities so conveniently located near this lovely community! Contact us today!

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Location


Property Details


Parking

  • Description: Garage, Garage Faces Front
  • Details: Attached, Garage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 2
  • Basement Description: None

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • HOA Fee: $1,320/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 1620303011
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Other
  • Year Built: 2007

Tax Information

  • Annual Tax: $4,067

Utilities

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

Location

  • County: De Kalb

Listing Details


Listed by:
Nicole Miller
Liberty Community Management
(770) 466-6331

Source:
Georgia MLS
MLS#: 10533164
Georgia MLS

Investment Summary


Monthly Cash Flow
-$513
Cap Rate
3.7%
Cash-on-Cash Return
-10.5%
Debt Coverage Ratio
0.61
Internal Rate of Return (5 years)
-6.2%

Purchase Details

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Purchase price:
$255,000
Amount financed:
-$204,000
Down payment:
$51,000
Closing costs:
$7,650
Rehab costs:
$0
Initial cash invested:
$58,650
Square feet:
1,559
Cost per square foot:
$164
Monthly rent per square foot:
$1.15

Financing Details

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Loan amount:
$204,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,306
Property tax:
$339
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,771

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (19%)
19%-$339-$4,067
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (6%)
6%-$110-$1,320
Total operating expenses: (50%)
50%-$899-$10,787

Cash Flow


Monthly Yearly
Net operating income:
$793 $9,516
Mortgage payments:
-$1,306 -$15,672
Cash flow:
$513 $6,156