Generating over $5,800 per month in gross rental income ($70,000 per year), this seasoned PadSplit coliving home offers a unique combination of cash flow and turnkey management in a sought-after location. This split level home on a beautiful lot in unincorporated Stone Mountain. It's close to downtown Stone Mountain, interstates and major arterials, ensuring superb connectivity. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit not only helps members save money and live closer to work but also provides an avenue for investors to achieve 3x+ cash flow. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. In a time when cash flow is hard to find, this turnkey rental defies the odds. It doesn't just meet the '1% rule,' it blows it away. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling.
Closed
$290,000
795 Needle Rock Dr, Stone Mountain, GA 30083
9beds
2,025sqft
Single Family Residence, Residential
Built in 1969
0.3 Acres Lot
$280,100 Zestimate®
$143/sqft
$1,662 Estimated rent
Home value
$280,100
$258,000 - $300,000
$1,662/mo
Zestimate® history
Owner options
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$1,824/mo
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List your homeWhat's special
Split level homeBeautiful lot
Zillow last checked:
Listing updated:
Listed by:
Josh Stanton,
Keller Williams Realty Metro Atlanta 404-564-5560
Bought with:
Eyob Teklu, 370947
BHGRE Metro Brokers
Source: FMLS GA,MLS#: 7315855
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 3
Rooms
- Room types: Other
Primary bedroom
- Features: Roommate Floor Plan
- Level: Roommate Floor Plan
Bedroom
- Features: Roommate Floor Plan
Primary bathroom
- Features: Tub/Shower Combo
Dining room
- Features: None
Kitchen
- Features: Cabinets White, Stone Counters
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Electric Oven, Electric Range, Electric Water Heater
- Laundry: In Basement
Features
- High Speed Internet, Other
- Flooring: Ceramic Tile, Hardwood, Laminate
- Windows: None
- Basement: Finished Bath,Full
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,025
- Total interior livable area: 2,025 sqft
- Finished area above ground: 2,025
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Patio & porch: Rear Porch
- Exterior features: Private Yard, No Dock
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: City
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.3 Acres
- Features: Back Yard, Front Yard
Details
- Additional structures: None
- Parcel number: 18 073 05 024
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Brick 4 Sides, Vinyl Siding
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1969
Utilities & green energy
- Electric: 110 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: None
- Security: Smoke Detector(s)
- Subdivision: Shadowrock Acres
HOA
- Has HOA: No
Location
- Region: Stone Mountain
Financial & listing details
- Price per square foot: $143/sqft
- Tax assessed value: $288,900
- Annual tax amount: $3,480
- Date on market: 12/20/2023
- Cumulative days on market: 20 days
- Listing terms: Assumable Vendor Lien,Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
- Body type: Other
Price history
| Date | Event | Price |
|---|---|---|
| 1/19/2024 | Sold | $290,000+5.5%$143/sqft |
Source:  FMLS GA #7315855 Report a problem | ||
| 1/10/2024 | Pending sale | $275,000$136/sqft |
Source: FMLS GA #7315855 Report a problem | ||
| 12/20/2023 | Listed for sale | $275,000+55.4%$136/sqft |
Source:  GAMLS #10234918 Report a problem | ||
| 6/16/2021 | Sold | $177,000+18%$87/sqft |
Source:  GAMLS #8981497 Report a problem | ||
| 5/23/2021 | Pending sale | $150,000$74/sqft |
Source: GAMLS #8981497 Report a problem | ||
| 5/20/2021 | Listed for sale | $150,000+401.7%$74/sqft |
Source: GAMLS #8981497 Report a problem | ||
| 10/2/2015 | Listing removed | $895 |
Source: Atlanta Partners Property Management, LLC Report a problem | ||
| 9/17/2015 | Listed for rent | $895+5.3% |
Source: ATLANTA PARTNERS PROPERTY MGT #07523930 Report a problem | ||
| 11/1/2013 | Listing removed | $850 |
Source: Atlanta Partners Property Management, LLC Report a problem | ||
| 9/10/2013 | Listed for rent | $850 |
Source: Atlanta Partners Property Management, LLC Report a problem | ||
| 8/28/2009 | Sold | $29,900-75.4%$15/sqft |
Source: Public Record Report a problem | ||
| 12/3/2004 | Sold | $121,500+29.4%$60/sqft |
Source: Public Record Report a problem | ||
| 6/23/2003 | Sold | $93,900-20.1%$46/sqft |
Source: Public Record Report a problem | ||
| 9/17/2002 | Sold | $117,554-2.4%$58/sqft |
Source: Public Record Report a problem | ||
| 6/25/2001 | Sold | $120,500+20.6%$60/sqft |
Source: Public Record Report a problem | ||
| 6/26/1998 | Sold | $99,900$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,532 +16.8% | $115,560 +18.7% |
| 2024 | $4,737 -0.8% | $97,360 -2.1% |
| 2023 | $4,777 +37.3% | $99,480 +40.5% |
| 2022 | $3,480 +32% | $70,800 +37.3% |
| 2021 | $2,636 +31.3% | $51,560 +38.5% |
| 2020 | $2,007 -1.7% | $37,240 -2.1% |
| 2019 | $2,043 +0.3% | $38,040 +0.6% |
| 2018 | $2,036 -2% | $37,800 -2.3% |
| 2017 | $2,078 +8.4% | $38,680 +10.6% |
| 2016 | $1,918 | $34,960 +138.1% |
| 2014 | $1,918 | $14,680 |
| 2013 | -- | $14,680 -14.1% |
| 2012 | -- | $17,080 -47.7% |
| 2011 | -- | $32,688 -10.1% |
| 2010 | $1,830 -16.6% | $36,352 -20% |
| 2009 | $2,195 +51.5% | $45,440 -13.7% |
| 2008 | $1,448 -4.7% | $52,640 |
| 2007 | $1,520 +4.7% | $52,640 |
| 2006 | $1,452 +26.1% | $52,640 |
| 2005 | $1,152 -43.5% | $52,640 +4.3% |
| 2004 | $2,038 +6.7% | $50,480 +4.6% |
| 2003 | $1,910 +1447.9% | $48,280 +9.5% |
| 2002 | $123 -91.7% | $44,080 +12.8% |
| 2001 | $1,492 | $39,080 |
Find assessor info on the county website
Neighborhood: 30083
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Nearby schools
GreatSchools rating
- 2/10Stone Mill Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 4/10Stone Mountain Middle SchoolGrades: 6-8Distance: 2.8 mi
- 2/10Stone Mountain High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Stone Mill
- Middle: Stone Mountain
- High: Stone Mountain
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$280,100
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Estimated market value
$280,100
- Georgia
- Dekalb County
- Stone Mountain
- 30083
- 795 Needle Rock Dr
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