#10532655, Summer R Brady, Listing office: Mainstay Brokerage
2238 Scarbrough Dr Stone Mountain, GA 30088
Property details
About 2238 Scarbrough Dr
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.
Highlights
(Price Change)
Virtual tour
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Dishwasher, Refrigerator, Range
- Basement: No
- Flooring Type: Carpet, Vinyl, Tile
- Interior: High Ceilings
- Total Bedroom Count: 3
- Attached Garage: No
- Parking: Garage
- Architectural Style: Traditional
- Heating: Central
- Cooling: Central Air, Ceiling Fan(s)
- List Price: $185,000
- Price/SqFt: $148
- Annual Tax Amount: $3,507
- Tax Year: 2024
- Lot: Other
- Directions: https://www.google.com/maps
- Year Built: 1985
- Living Area: 1,248 SqFt
- Lot Size: 0.2 Acres
- MLS Number: 10515372
- MLS Name: Georgia MLS 2
- Office Name: Keller Williams Realty
- Listing Agent: Joshua Keen
Based on information from the Georgia MLS © 2025.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/21/2025, 3:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
Date | Event | Price |
---|---|---|
Dec 14, 2017 | Home Sold | $128,500 |
Oct 10, 2007 | Home Sold | $66,500 |
Aug 27, 2004 | Home Sold | $115,700 |
Tax history
Year | Assessment | Property Tax |
---|---|---|
2024 | $70,000 | $3,507 |
2022 | $50,000 | $2,533 |
2021 | $50,000 | $2,533 |
2020 | $52,000 | $2,533 |
2018 | $46,640 | $616 |
2017 | $19,240 | $616 |
History based on county public records data.
Nearby schools
3
Panola Way Elementary School
Public District PK-5
0.4 mi
•2170 Panola Way Ct
5
Marbut Elementary School
Public District PK-5
1.3 mi
•5776 Marbut Rd
4
Woodridge Elementary School
Public District PK-5
1.9 mi
•4120 Cedar Ridge Trl
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $47,950. Residents of Stone Mountain, GA typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
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Frequently asked questions
About 2238 Scarbrough Dr
The listing price of 2238 Scarbrough Dr property is $185,000.
The property 2238 Scarbrough Dr is a house located in Stone Mountain, Georgia, 30088.
Active Listing: 2238 Scarbrough Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2238 Scarbrough Dr are: Panola Way Elementary School (GreatSchools Rating 3/10), Marbut Elementary School (GreatSchools Rating 5/10), Woodridge Elementary School (GreatSchools Rating 4/10), Miller Grove Middle School (GreatSchools Rating 4/10), Redan Middle School (GreatSchools Rating 5/10), Mary McLeod Bethune Middle School (GreatSchools Rating 3/10), Miller Grove High School (GreatSchools Rating 3/10), Redan High School (GreatSchools Rating 2/10), Lithonia High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $3,507 (source: MLS/based on county public records data).
The last sale was on December 14, 2017 for $128,500 (source: MLS/tax record).
The property at 2238 Scarbrough Dr has 3 bedrooms and 2 full and 1 half bathrooms.
The property 2238 Scarbrough Dr is 1,248 SqFt (source: MLS/tax record).
The year of construction for 2238 Scarbrough Dr is 1985.
This home is located at 2238 Scarbrough Dr in Stone Mountain, GA and zip code 30088. This 1,248 square foot home, which was built in 1985, sits on a 0.20 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 4, 2025 and is currently priced at $185,000.
Stone Mountain, GA housing market in June 2025 saw over 25 listings sold above listed price, more than 34 sold at listed price and over 52 sold below. The number of homes for sale in Stone Mountain, GA increased by 21.4% between May and June 2025. The median list price of listings available in June 2025 was $290,000, while the average time on the real estate market was 44 days.