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$360,000

For Sale - Active
3150 Stonewyck Pl, Decatur, GA 30033
2 Beds
0 Baths
1,620 Square Feet
0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a
Checked: 16 hours ago
Updated: Jun 27, 2025 at 03:19AM

Investment Summary


Monthly Cash Flow
-$412
Cap Rate
4.8%
Cash-on-Cash Return
-6.0%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.8%

Property Description


0.00 Acres Lot
Built in 2005
For Sale - Active
Units n/a

"This home rises up to greet you," is how the seller describes 3150 Stonewyck --not in a weird haunted-house way, but in that rare, you just feel good here kind of way. Maybe it's the sunlight pouring through the windows on all three sides. Maybe it's the calm of being an end-unit tucked away in one of Decatur's most connected neighborhoods. Whatever it is, it's warm, welcoming, and just the right amount of cozy without cramping your style. Spread over three levels, the layout is built for real life. A private suite on the ground floor works perfectly for guests, roommates, or Zoom calls you'd rather keep far from the kitchen. The main level is open, bright, and easy to love--complete with hardwood floors, a double-sided fireplace (yes, double), and a walk-in pantry big enough to hide from your responsibilities. Upstairs, the primary suite is a true retreat, featuring a soaking tub, separate tile shower, and a walk-in closet so big it feels mildly irresponsible. There's also a 1.5-car garage, ideal for parking and still having space for your bike, storage bins, camping gear, or questionable furniture you swore you'd deal with eventually. Built in 2005 and lovingly maintained, the home feels fresh, flexible, and full of possibilities. And then there's the location. Just minutes from Toco Hills, Downtown Decatur, Avondale Estates, and the Dekalb Farmers Market, this place puts you close to everything - brunch spots, indie bookstores, horse farms (yes, really), and Atlanta itself. Emory, CDC, CHOA, and Agnes Scott are all a short drive or MARTA ride away, and with easy access to Hwy 78 and I-285, you can get pretty much anywhere without planning your day around traffic. This is more than just a townhome. It's the kind of place that makes coming home feel like a deep exhale...and maybe even a little victory dance.

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Location


Property Details


Parking

  • Description: Attached, Garage
  • Details: Garage
  • Garage Spaces: 1
  • Spaces Total: 1

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

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

Interior Features

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

Exterior Features

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

HOA

  • Has HOA: Yes
  • HOA Fee: $2,016/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Townhouse

Lot Information

  • Parcel ID: 1806402161
  • Lot Size: 0 sqft

Property Information

  • Property Type: Townhouse
  • Style: Traditional
  • Year Built: 2005

Tax Information

  • Annual Tax: $3,980

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Forced Air, Natural Gas
  • Cooling: Central Air

Location

  • County: De Kalb

Listing Details


Listed by:
Richard C. Reid
Direct Link Realty, Inc.
(404) 961-4400

Source:
Georgia MLS
MLS#: 10528775
Georgia MLS

Investment Summary


Monthly Cash Flow
-$412
Cap Rate
4.8%
Cash-on-Cash Return
-6.0%
Debt Coverage Ratio
0.78
Internal Rate of Return (5 years)
-1.8%

Purchase Details

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Purchase price:
$360,000
Amount financed:
-$288,000
Down payment:
$72,000
Closing costs:
$10,800
Rehab costs:
$0
Initial cash invested:
$82,800
Square feet:
1,620
Cost per square foot:
$222
Monthly rent per square foot:
$1.73

Financing Details

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Loan amount:
$288,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$1,844
Property tax:
$332
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,372

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (12%)
12%-$332-$3,980
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (6%)
6%-$168-$2,016
Total operating expenses: (43%)
43%-$1,200-$14,396

Cash Flow


Monthly Yearly
Net operating income:
$1,432 $17,184
Mortgage payments:
-$1,844 -$22,128
Cash flow:
$412 $4,944