4831 Walden Lake Pointe · Stonecrest, GA 30035

$205,000

3 bd · 2.5 ba · 1,464 sqft · Condo public records · 69 Days on market

Built 2004 $225/mo HOA · 11% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.3/30.0
• ARV discount +7.5/15.0
• 1% rule +5.2/10.0
• DSCR +4.7/10.0
• Rent growth +2.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled in Walden Lake, 4831 Walden Lake Pointe blends timeless elegance. The sunlit open floor plan features a chef's kitchen with high-end appliances, granite countertops, and ample storage, while the living room boasts soaring ceilings, a cozy fireplace, and stunning views. Upstairs, the primary suite offers a spa-like en-suite bath and walk-in closet, with additional spacious bedrooms perfect for family, guests, or a home office. Outside, the landscaped yard and expansive patio are ideal for morning coffee or weekend barbecues.

Key facts

• $225 HOA
• 2 parking spots
• Built 2004

Property features AI

Finance

• Other: Directions: From downtown Atlanta take I-20E to Exit 71/Panola; right on Panola Road, left on Snapfinger Woods Drive, left on Shellbark Way, left into Walden Lake subdivision (second drive), left on Walden Lake Pointe. End unit.
• Financial info: Community contains one unit
• HOA & community: Association fee $225 monthly; Association covers grounds maintenance, pest control, and trash; Association exists

Exterior

• Parking: Two unassigned parking spaces
• Security: Gated community (community feature)
• Utilities: Public water; Public sewer; Electricity available; Natural gas available; Cable available; Sewer available; Water available; Other electric service
• Home design: Two levels; End unit condominium; Fee simple ownership
• Construction: Brick and other construction materials; Shingle roof; Slab foundation; Resale property
• Exterior features: Patio; Gated community; Asphalt road access

Interior

• Kitchen: Stone countertops; Dishwasher; Gas range; Microwave; Refrigerator; Garbage disposal
• Bedrooms: Three upper-level bedrooms
• Flooring: Carpet; Laminate; Luxury vinyl
• Bathrooms: Two full bathrooms; One half bathroom; Master bath with separate tub and shower
• Heating & cooling: Central heating; Central air
• Interior features: High 9-ft ceilings on main level; Walk-in closets; Gas log fireplace; One common wall (end unit)
• Laundry & utility: Laundry on upper level in hall/laundry closet; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath condo listed at $205k.

Deal economics

• At list price, monthly cash flow is $75 ($894/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $205k).
• Recommended offer: $193k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 5.1% in Stonecrest — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Dekalb County (suburban): math 19% / reading 28% proficiency, ranked #125 of 174 in GA (top 72%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Fairington Elementary School (math 2% / reading 2%, grade F, #1,204 of 1,228 statewide, top 100%, 546 students, 100% FRL); Miller Grove Middle School (math 8% / reading 18%, grade F, #410 of 470 statewide, top 87%, 722 students, 100% FRL); Miller Grove High School (math 5% / reading 5%, grade F, #394 of 424 statewide, top 97%, 1,188 students, 100% FRL) — zoned schools average 100% FRL vs 68% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 7% at this address vs 24% district-wide (-17 pts) — the specific schools serving this property underperform the Dekalb County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 187 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,240 units permitted in DeKalb County in 2024 (385 in 5+ unit buildings).
• This rent runs 37% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• DeKalb County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 69 days — a 6% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $93k; list at $205k implies a 120% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $192,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 69 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.02% ✓
• Cap rate: 6.73%
• Cash-on-cash: 1.56%
• DSCR: 1.07
• GRM: 8.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.87% rent growth · sell at horizon

5-year hold

• IRR: -16.4%
• Equity multiple: 0.43×
• Total profit: $-32,715
• Equity at exit: $30,566

10-year hold

• IRR: -12.9%
• Equity multiple: 0.32×
• Total profit: $-39,040
• Equity at exit: $17,725

Cash invested: $57,400 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Georgia: 90 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

Magistrate court evictions in 10-30 days; no rent control; preempted; few tenant protections.

Methodology + full state rankings →

ZIP-level market 30035

• Home prices YoY: -33.8%
• Rents YoY: 0.9%
• Active inventory: 187
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,081 high
• Mortgage (P&I): −$1,075
• Tax from tax record: −$184 /mo · $2,212/yr
• Insurance: −$85
• HOA: −$225
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $75

Break-even live

Break-even rent $1,987

Max offer price $205,000

Occupancy floor 91%

Sensitivity live

Price	-10% $191	-5% $133	+0% $75	+5% $17	+10% $-42
Rent	-10% $-90	-5% $-8	+0% $75	+5% $157	+10% $239
Rate	-1.0pp $178	-0.5pp $127	base $75	+0.5pp $21	+1.0pp $-33

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2545 Walden Lake Dr Unit 1 Decatur, GA	3.0	2.5	1464	$2,000	$1.37	45d	1	0.04mi
2559 Walden Lake Dr Unit 1 Decatur, GA	3.0	2.5	1464	$2,000	$1.37	45d	1	0.04mi
5038 Longview Walk Decatur, GA	3.0	2.5	1577	$1,995	$1.27	45d	1	0.19mi
4917 Longview Walk Decatur, GA	3.0	2.5	1486	$2,000	$1.35	22d	1	0.19mi
4908 Longview Walk Decatur, GA	3.0	2.5	1480	$2,000	$1.35	45d	1	0.20mi
2658 Avanti Way Decatur, GA	3.0	2.5	1616	$2,000	$1.24	45d	1	0.24mi
2569 Terrace Trl Decatur, GA	3.0	3.0	1752	$1,800	$1.03	45d	1	0.26mi
2563 Terrace Trl Decatur, GA	3.0	3.0	1752	$1,950	$1.11	14d	1	0.28mi
5108 Jack Dr Decatur, GA	3.0	2.5	1872	$2,185	$1.17	26d	1	0.28mi
2878 Snapfinger Mnr Decatur, GA	3.0	2.5	1670	$1,780	$1.07	4d	1	0.28mi
2553 Terrace Trl Unit 2553 Decatur, GA	3.0	2.0	1865	$1,950	$1.05	14d	1	0.29mi
2525 Terrace Trl Unit 2525 Decatur, GA	3.0	3.0	1593	$1,850	$1.16	14d	1	0.32mi
2481 Terrace Trl Decatur, GA	3.0	3.0	1752	$2,050	$1.17	45d	1	0.43mi
4946 Snapfinger Woods Dr Decatur, GA	1.0–2.0	1.0–2.5	965	$1,259	$1.30	3d	18	0.45mi
4926 Windsor Downs Ln Decatur, GA	4.0	3.5	1675	$1,000	$0.60	0d	1	0.65mi
4909 Truitt Ln Decatur, GA	3.0	2.0	1697	$2,500	$1.47	45d	1	0.70mi
10 Friendly Hills Dr Decatur, GA	2.0	2.0	994	$1,534	$1.54	26d	1	0.71mi
4919 Wilkins Station Dr Decatur, GA	3.0	2.0	1770	$2,161	$1.22	22d	1	0.77mi
2937 Thompson Cir Decatur, GA	3.0	2.0	1480	$1,860	$1.26	3d	1	0.89mi
5049 Donnell Way Decatur, GA	3.0	2.0	1566	$1,923	$1.23	45d	1	0.94mi
2314 Hampton Dr Decatur, GA	3.0	3.0	1600	$2,030	$1.27	45d	1	0.95mi
5047 Chadwick Ct Decatur, GA	3.0	2.5	1488	$1,645	$1.11	4d	1	0.99mi
5047 Chadwick Ct Decatur, GA	3.0	2.5	1488	$1,645	$1.11	1d	1	0.99mi
4433 Golf Vista Cir Decatur, GA	3.0	2.5	1495	$1,350	$0.90	26d	1	1.01mi
3095 Riders Trl Decatur, GA	3.0	2.0	1800	$4,500	$2.50	1d	1	1.07mi
4421 Wellington Ter Decatur, GA	3.0	2.5	1704	$1,880	$1.10	0d	1	1.14mi
4336 Pleasant Point Dr Decatur, GA	1.0–3.0	1.0–2.0	1010	$1,233	$1.22	0d	3	1.20mi
2692 Paxton PL #14 Decatur, GA	3.0	2.5	1611	$2,299	$1.43	45d	1	1.26mi
100 Cavalier Xing Stonecrest, GA	3.0	2.0	1558	$1,990	$1.28	26d	1	1.27mi
4292 Callum Ct Decatur, GA	3.0	2.5	1611	$2,200	$1.37	45d	1	1.31mi
4282 Callum Ct Decatur, GA	3.0	2.5	1611	$2,200	$1.37	45d	1	1.33mi
4505 Dover Castle Dr Decatur, GA	4.0	2.0	1532	$1,923	$1.26	45d	1	1.42mi
5301 W Fairington Pkwy Lithonia, GA	1.0–3.0	1.0–2.0	1020	$1,946	$1.91	3d	37	1.45mi
1000 Hidden Chase Stone Mountain, GA	1.0–3.0	1.0–2.0	1185	$1,510	$1.27	7d	1	1.48mi
2153 Scarbrough Rd Stone Mountain, GA	3.0	2.0	1188	$1,640	$1.38	45d	1	1.49mi

HOA detail condo

• Monthly dues: $225 · $2,700/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-17
   status $205,000 Pending 69 DOM
2. 2026-06-17
   days on market $205,000 Active Under Contract 69 DOM
3. 2026-06-16
   days on market $205,000 Active Under Contract 68 DOM
4. 2026-06-15
   days on market $205,000 Active Under Contract 67 DOM
5. 2026-06-13
   days on market $205,000 Active Under Contract 65 DOM
6. 2026-06-09
   days on market $205,000 Active Under Contract 61 DOM
7. 2026-06-08
   days on market $205,000 Active Under Contract 60 DOM
8. 2026-06-07
   days on market $205,000 Active Under Contract 59 DOM
9. 2026-06-04
   days on market $205,000 Active Under Contract 56 DOM
10. 2026-06-03
    days on market $205,000 Active Under Contract 55 DOM
11. 2026-06-02
    days on market $205,000 Active Under Contract 54 DOM
12. 2026-06-01
    days on market $205,000 Active Under Contract 53 DOM
13. 2026-05-31
    days on market $205,000 Active Under Contract 52 DOM
14. 2026-04-22
    historical Active Under Contract

    Show marketing remark (540 chars)

    Nestled in Walden Lake, 4831 Walden Lake Pointe blends timeless elegance. The sunlit open floor plan features a chef's kitchen with high-end appliances, granite countertops, and ample storage, while the living room boasts soaring ceilings, a cozy fireplace, and stunning views. Upstairs, the primary suite offers a spa-like en-suite bath and walk-in closet, with additional spacious bedrooms perfect for family, guests, or a home office. Outside, the landscaped yard and expansive patio are ideal for morning coffee or weekend barbecues.

15. 2026-04-22
    status Under Contract 540-char remark

    Show marketing remark (540 chars)

    Nestled in Walden Lake, 4831 Walden Lake Pointe blends timeless elegance. The sunlit open floor plan features a chef's kitchen with high-end appliances, granite countertops, and ample storage, while the living room boasts soaring ceilings, a cozy fireplace, and stunning views. Upstairs, the primary suite offers a spa-like en-suite bath and walk-in closet, with additional spacious bedrooms perfect for family, guests, or a home office. Outside, the landscaped yard and expansive patio are ideal for morning coffee or weekend barbecues.

16. 2026-04-09
    listed $205,000 Active
17. 2026-04-09
    historical $205,000
18. 2026-04-02
    listed $205,000 New 540-char remark

    Show marketing remark (540 chars)

    Nestled in Walden Lake, 4831 Walden Lake Pointe blends timeless elegance. The sunlit open floor plan features a chef's kitchen with high-end appliances, granite countertops, and ample storage, while the living room boasts soaring ceilings, a cozy fireplace, and stunning views. Upstairs, the primary suite offers a spa-like en-suite bath and walk-in closet, with additional spacious bedrooms perfect for family, guests, or a home office. Outside, the landscaped yard and expansive patio are ideal for morning coffee or weekend barbecues.

19. 2019-08-21
    soldstatus $93,000
20. 2019-08-13
    soldstatus $93,000 Sold 338-char remark

    Show marketing remark (338 chars)

    Seller is renovating. 3 bedrooms 2 1/2 bath Townhome located near the Stonecrest mall, and conveniently close to I-20. The Townhome has a large open floor plan with Kitchen and breakfast bar within reach of the dining room and family room. This townhome is in a gated community. Unlimited possibilities to craft this into your dream home.

21. 2019-07-15
    status Under Contract 338-char remark

    Show marketing remark (338 chars)

    Seller is renovating. 3 bedrooms 2 1/2 bath Townhome located near the Stonecrest mall, and conveniently close to I-20. The Townhome has a large open floor plan with Kitchen and breakfast bar within reach of the dining room and family room. This townhome is in a gated community. Unlimited possibilities to craft this into your dream home.

22. 2019-07-12
    listed $121,000 New 338-char remark

    Show marketing remark (338 chars)

    Seller is renovating. 3 bedrooms 2 1/2 bath Townhome located near the Stonecrest mall, and conveniently close to I-20. The Townhome has a large open floor plan with Kitchen and breakfast bar within reach of the dining room and family room. This townhome is in a gated community. Unlimited possibilities to craft this into your dream home.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast GA · Resets to sale price

• Current annual tax: $2,212 · $184/mo
• Projected year-2 tax: $2,212 · $184/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 10 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,976
• − Mortgage interest: −$11,483
• − Property taxes: −$2,212
• − Insurance: −$1,025
• − Repairs & maintenance: −$1,998
• − Management: −$1,998
• − HOA: −$2,700
• − Depreciation: −$5,964
• Taxable loss: −$2,403
• Est. tax savings @ 24.0%: +$577
• After-tax cash flow: $1,471/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Dekalb County
• NCES district ID: 1301740
• Math proficiency: 19% ▼ -12.00%
• Reading proficiency: 28% ▼ -7.00%
• Median HH income: $51,448
• Composite: 20.92/100
• National rank: #8482
• State rank: #125 of 174 in GA

Livability — Stonecrest

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Dekalb County · 782,738 people
• City population: 106,165
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 21,569
• Household income: $66,799
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1304.0

Population outlook (DeKalb County) Hauer SSP2

• Today (2025): 839,977 people
• By 2030: 891,768 · +6.2%
• By 2040: 988,894 · +17.7%
• By 2050: 1,074,583 · +27.9%
• By 2075: 1,245,026 · +48.2%
• By 2100: 1,303,135 · +55.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (91%)
• Race & ethnicity: Black 91% White 4% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Italian 1% Swiss 0%
• Foreign-born: 12% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 4% French/Haitian/Cajun 2%

Political lean MEDSL · DeKalb

• 2024 margin: Solid D (+64.8) · D 81.9% · R 17.1% · Other 1.0%
• 2008→2024 swing: +6.1pp toward D · 2008: 58.6pp · 2024: 64.8pp
• All cycles: 2024: D+64.8 2020: D+67.4 2016: D+64.8 2012: D+56.8 2008: D+58.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -111.60%
• Current HPI: 218.8323
• Rent YoY: ▲ 0.87%
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• State GDP YoY: ▲ 2.66%
• F500 in state: 28

Industry mix (Fortune 500 HQ in GA)

Industry	F500 HQs	Revenue
▸Paper / Packaging	2	$29B
▸Retail	1	$160B
▸Transportation / Logistics	1	$91B
▸Airlines	1	$62B
▸Consumer Goods	1	$47B
▸Utilities	1	$25B

Price history

+69.4% since first listed

9 events — show timeline

• 2026-04-22 Contingent — FMLS
• 2026-04-22 Pending — GAMLS
• 2026-04-09 Listed $205,000 FMLS
• 2026-04-09 Coming Soon $205,000 FMLS
• 2026-04-02 Listed $205,000 GAMLS
• 2019-08-21 Sold (Public Records) $93,000 Public Records
• 2019-08-13 Sold (MLS) $93,000 GAMLS
• 2019-07-15 Pending — GAMLS
• 2019-07-12 Listed $121,000 GAMLS

Property tax history

+4.5%/yr

Latest (2025): $2,212 · -5.4% YoY. Source: county tax records.