2238 SCARBROUGH Drive, Stone Mountain, GA 30088 (MLS # 7551466)

Price $159,900
Status Active
Beds 3
Baths 3 Baths
Home size 1,248 sqft
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.
Property Type(s): Single Family
Last Updated 8/18/2025 Tract Barry E Cowan
Year Built 1985 Garage Spaces 2.0
County Dekalb

SCHOOLS

Elementary School Panola Way
Jr. High School Miller Grove
High School Miller Grove

Price History

Prior to Jun 3, '25 $225,000
Jun 3, '25 - Jun 28, '25 $209,900
Jun 28, '25 - Jul 21, '25 $195,000
Jul 21, '25 - Jul 31, '25 $185,000
Jul 31, '25 - Aug 18, '25 $175,000
Aug 18, '25 - Today $159,900

Additional Details

AIR Ceiling Fan(s), Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Electric Range, Refrigerator
BASEMENT None
CONSTRUCTION Vinyl Siding
EXTERIOR Rain Gutters
FIREPLACE Yes
GARAGE Yes
HEAT Central
INTERIOR Eat-in Kitchen, High Speed Internet
LOT 8712 sq ft
LOT DESCRIPTION Back Yard, Front Yard
LOT DIMENSIONS x
PARKING Garage, Garage Faces Front
POOL DESCRIPTION None
SEWER Public Sewer
STORIES Split/Multi Level
STYLE Traditional
SUBDIVISION Barry E Cowan
TAXES 3547
UTILITIES Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available, Underground Utilities
VIEW Yes
VIEW DESCRIPTION Neighborhood
WATER Public
WATER ACCESS None
Listing provided courtesy of Keller Williams Realty Metro Atlanta

Location

 

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Data last updated: 8/22/25 9:16 AM PDT.

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