1151 Stone Mountain Drive
About This Property
The manager has listed the unit size as 3376 square feet.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2024 | In contract | - | |
| In contract | |||
| Mar 22, 2024 | Price Decreased |
$1,150,000
↓ $50K
(4.2%) | |
| Price Decreased | |||
| Mar 13, 2024 | Listed by Horseshoe Bay Resort Realty | $1,200,000 | |
| Listed by Horseshoe Bay Resort Realty | |||
| | |||
|
Sitting at the top of Stone Mountain the view is beautiful. The property is an oasis of the resort kind. Lazy river pool with swim jets, hot tub, fire feature on the island, outdoor kitchen with swim up bar. Fire pit surrounded by porch swings, a log cabin fort and green house top it off. Behind an electric gate is pasture land for your horses and places to explore. Primary bedroom has attached sitting room/office with views to both front and back yards. The home features a safe room (with a gun safe) for those fearful of tornados -- owner grew up in tornado country. It is vented and solid. Kitchen/family area look out on the pool. A must see! On it's own deep well -- no water cost. Electric gates, fenced for dogs.
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| Jul 29, 2023 | No longer available | - | |
| No longer available | |||
| Jun 8, 2023 | Price Decreased |
$1,199,900
↓ $50K
(4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017