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2238 SCARBROUGH Drive
Stone Mountain, GA, 30088
$209,900
3 Beds
3 Baths
1,248 SqFt
0.2 Acres
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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.
Listing Provided Courtesy of Keller Williams Realty Metro Atlanta

Property Details

Price:
$209,900
MLS #:
7551466
Status:
Active
Beds:
3
Baths:
3
Address:
2238 SCARBROUGH Drive
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Barry E Cowan
City:
Stone Mountain
Listed Date:
Apr 29, 2025
State:
GA
Finished Sq Ft:
1,248
Total Sq Ft:
1,248
ZIP:
30088
Year Built:
1985
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Schools

Elementary School:
Panola Way
Middle School:
Miller Grove
High School:
Miller Grove

Interior

Appliances
Dishwasher, Electric Range, Refrigerator
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air, Ceiling Fan(s)
Fireplaces Total
1
Flooring
Carpet, Ceramic Tile, Vinyl
Heating
Central
Laundry Features
Other

Exterior

Architectural Style
Traditional
Community Features
Near Shopping, Near Schools, Near Public Transport
Construction Materials
Vinyl Siding
Exterior Features
Rain Gutters
Other Structures
None
Parking Features
Garage, Garage Faces Front
Parking Spots
2
Roof
Composition
Security Features
Smoke Detector(s)

Financial

Tax Year
2023
Taxes
$3,547

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Community

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2238 SCARBROUGH Drive
Stone Mountain, GA