2389 Cragstone Ct

Lithonia, GA 30058
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4 bd, 5 ba | 2,320 sqft | Built in 1985

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List Price
$195,000

Initial Investment

$55,418

Purchase Price

$190,000

Down Payment

25%

Rent

$1,650

Total Return

$93,299

Annualized Return

22.5%

Cap Rate

6.5%

Gross Yield

10.4%

Cash Flow

$1,217

Appreciation

8.2%
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Features

Occupancy

Occupied

Lease Start

02/21/2020

Lease End

02/20/2021

Property Type

Duplex

Lot Size

13,068

HOA

None

Flood Risk

Not Required

  • Both units of duplex leased through 2/20/2021
  • Attractive cap rate
  • 1-year Historical appreciation of 7.4%
  • Within 25 minutes of downtown Atlanta
  • Get more insight into this market here

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Annual Financial Highlights

Expected Rent

$18,810

Expenses

-$4,264

Property Taxes

-$3,000

Loan Payments

-$10,329

Net Cash Flow

$1,217

See more in Financials

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