$173,000
●
House -
Off Market
807 Hemingway Road
Stone Mountain, GA 30088
4 Beds
2 Baths
1,420 Ft²
$1,426
Est. Monthly
About This Property
Charming 4-bedroom, 2-bathroom Ranch-style home on a basement,
nestled in the scenic neighborhood of Mainstreet in Stone Mountain,
GA. This property is ideal opportunity for first-time homebuyers or
investors simply wanting to add to their rental portfolio. The home
boasts a welcoming ambiance, spacious bedrooms, and a functional
layout. Explore the potential of this residence, offering both
comfort and investment potential in a desirable location. NO HOA or
rent restrictions. Home is being sold AS-IS.
Unit Size
1,420 Ft²
Days on Market
32 days
Land Size
0.20 acres
Price per sqft
$162
Property Type
House
Property Taxes
$296
HOA Dues
-
Year Built
1977
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (GAMLS #10244957)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 22, 2024 | Sold | ||
| Sold | |||
| Sep 21, 2024 | In contract | - | |
| In contract | |||
| Aug 27, 2024 | Listed by Housewell.com Realty, LLC | $299,000 | |
| Listed by Housewell.com Realty, LLC | |||
| | |||
|
Welcome to your dream home! This home has been completely renovated and offers a modern open-concept floor plan, plenty of natural light, updated flooring throughout, fully renovated kitchen and bathrooms, refinished basement, brand new light and plumbing fixtures, new roof, new interior and exterior paint, and so much more making it both stylish and functional. At over 2100 square feet of finished living space which includes four spacious bedrooms, two bathrooms, a computer room/flex space, and an expansive bonus room/living area in the basement, this residence is perfect for anyone looking for ample space at an affordable price point. The property also features and a semi-finished portion of the basement for plenty of storage space. Enjoy entertaining or relaxing on the large deck, which overlooks a fully fenced backyard with a tree lined view. Don't miss your chance to own this beautiful property. Schedule a showing today!
| |||
| Feb 27, 2024 | Sold | ||
| Sold | |||
| Jan 24, 2024 | Listed | $229,999 | |
| Listed | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About DeKalb
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Listed by: Marsades Boggs,
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10244957
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10244957
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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