2238 Scarbrough Drive, Stone Mountain, GA 30088
Local realty services provided by:Better Homes and Gardens Real Estate Metro Brokers
2238 Scarbrough Drive,Stone Mountain, GA 30088
$159,900
- 3 Beds
- 3 Baths
- 1,248 sq. ft.
- Single family
- Active
Listed by:joshua keen404-564-5560
Office:keller williams realty metro atlanta
MLS#:7551466
Source:FIRSTMLS
Price summary
- Price:$159,900
- Price per sq. ft.:$128.13
About this home
Go ask your agent if this is true: Do some investment properties deliver immediate positive cash flow from the day of closing? The answer here is "YES." While most investors spend months renovating and marketing rental properties before seeing their first dollar of return, 2238 Scarbrough Drive offers what sophisticated portfolio builders value most: immediate, verifiable income.
What truly separates this opportunity from typical investment listings? Current occupancy with a qualified tenant already in place, generating $1,395 monthly. This represents the holy grail of residential investing: acquiring a performing asset without the typical startup costs and initial vacancy period that dramatically impact first-year returns. For investors focused on real-world performance rather than theoretical potential, this property delivers tangible results from day one. No construction delays, no contractor headaches, no marketing costs, and no tenant screening uncertainty. Just predictable monthly income beginning immediately after closing. The 3-bedroom, 2-bath split level configuration provides the ideal rental layout that consistently maintains tenant demand in any market condition and Stone Mountain's strategic location offers the precise balance of accessibility and affordability that drives superior investment returns. While providing easy commuting access to major employment centers, the property sits in a submarket where acquisition costs remain reasonable relative to rental rates, creating the favorable cash-on-cash returns that sophisticated investors prioritize.
Unlike speculative investment opportunities requiring substantial post-acquisition capital, this property allows your investment dollars to work immediately toward wealth building rather than renovation costs. The existing lease provides operational predictability that simply cannot be matched by vacant "potential rental" properties regardless of condition.
For investors building long-term portfolios, this property offers the ideal combination: reliable current income with appreciation potential in an established neighborhood. Whether expanding an existing portfolio or acquiring your first investment property, 2238 Scarbrough Drive represents the operational simplicity and immediate performance that savvy investors seek. Calculate your returns using actual numbers, not projections. Analyze the verified rental payment history and current property condition. Then make your decision promptly. Properties offering immediate income with documented performance history rarely remain available long in today's yield-seeking market. Priced to attract immediate interest from serious, investment-minded buyers only. Call your agent (or your financial advisor) today for a complete investment package including current lease documentation and payment history.
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Home facts
- Year built:1985
- Listing Id #:7551466
- Updated:August 19, 2025 at 01:24 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Living area:1,248 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Central
Structure and exterior
- Roof:Composition
- Year built:1985
- Building area:1,248 sq. ft.
- Lot area:0.2 Acres
Schools
- High school:Miller Grove
- Middle school:Miller Grove
- Elementary school:Panola Way
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$159,900
- Price per sq. ft.:$128.13
- Tax amount:$3,547 (2023)
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