7039 Rockbridge Rd · Stone Mountain, GA 30087

$255,000

3 bd · 1.5 ba · 1,270 sqft · SingleFamily public records · 70 Days on market

Built 1963 0.59 ac lot $201/sqft · 7% below area Est $275k · 7% under

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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 +13.6/30.0
• ARV discount +10.8/15.0
• DSCR +4.1/10.0
• Livability +4.0/5.0
• 1% rule +3.3/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step inside this fully updated all-brick home offering three bedrooms and two bathrooms on an oversized lot in the heart of Stone Mountain. The interior features new stylish laminate flooring throughout, beautifully renovated bathrooms, and a modern kitchen ready for everyday living or rental income. Major upgrades include fresh paint, newer roof, new HVAC and a fully waterproofed crawlspace-giving peace of mind from day one. The backyard is expansive and fully fenced with a perimeter chain link fence, perfect for pets, play, or privacy. Just two blocks from daily essentials and with quick access to major highways, this home is move-in ready an investment-worthy. Come see it today-you'll love the space, the updates, and the location.

Key facts

• Renovated bathrooms
• Newer roof
• Oversized lot

Tags

• UPDATED ALL-BRICK HOME
• OVERSIZED LOT
• NEW STYLISH LAMINATE FLOORING
• RENOVATED BATHROOMS
• MODERN KITCHEN
• NEWER ROOF

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $255k.

Deal economics

• At list price, monthly cash flow is $12 ($141/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $213k (16.5% below list).
• Recommended offer: $213k (16.5% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 5.1% in Stone Mountain — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 79/100 on livability (#11 in GA, #1,977 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, crime F.
• 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: Pine Ridge Elementary School (math 8% / reading 8%, grade F, #1,125 of 1,228 statewide, top 93%, 597 students, 100% FRL); Stephenson Middle School (math 8% / reading 22%, grade F, #399 of 470 statewide, top 86%, 812 students, 100% FRL); Stephenson High School (math 9% / reading 25%, grade F, #277 of 424 statewide, top 67%, 1,354 students, 64% FRL) — zoned schools average 88% FRL vs 68% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.3%/yr); 250 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,240 units permitted in DeKalb County in 2024 (385 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 70 days — a 6% lower offer ($240k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 9y 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.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $212,839 (16.5% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
2. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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?
8. 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.
9. 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.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.83% ✗
• Cap rate: 6.35%
• Cash-on-cash: 0.20%
• DSCR: 1.01
• GRM: 10.0

CMA / ARV

• ARV (median comp): $275,445
• List price: $255,000
• Delta: -7.42%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6908 Registry Chase	0.41mi	4/2.5 (+1)	1,400 (+10%)	6mo	$270,000	$193	50
6998 Shore Rd	0.68mi	3/2.0	1,406 (+11%)	8mo	$252,900	$180	42
7035 Biltmore Trce	0.52mi	3/2.5	1,418 (+12%)	20mo	$225,000	$159	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.3% rent growth · sell at horizon

5-year hold

• IRR: -17.8%
• Equity multiple: 0.38×
• Total profit: $-44,176
• Equity at exit: $38,021

10-year hold

• IRR: -13.4%
• Equity multiple: 0.27×
• Total profit: $-51,799
• Equity at exit: $22,048

Cash invested: $71,400 (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 30087

• Rents YoY: 1.3%
• Active inventory: 250
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $2,128 high
• Mortgage (P&I): −$1,337
• Tax from tax record: −$226 /mo · $2,714/yr
• Insurance: −$106
• HOA: −$0
• Vacancy / Maint / Mgmt: −$447
• Net cashflow: $12

Break-even live

Break-even rent $2,113

Max offer price $255,000

Occupancy floor 94%

Sensitivity live

Price	-10% $156	-5% $84	+0% $12	+5% $-60	+10% $-133
Rent	-10% $-156	-5% $-72	+0% $12	+5% $96	+10% $180
Rate	-1.0pp $140	-0.5pp $77	base $12	+0.5pp $-54	+1.0pp $-122

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
883 Timbervale Ln Lithonia, GA	3.0	2.5	1848	$2,075	$1.12	7d	1	1.16mi
481 Stephenson Rd Stone Mountain, GA	3.0	1.0	1396	$1,855	$1.33	7d	1	1.18mi
888 Timbercrest Ct Lithonia, GA	4.0	2.0	1632	$1,850	$1.13	45d	1	1.22mi
6683 Shapiro Ct Stone Mountain, GA	3.0	2.5	1672	$2,255	$1.35	45d	1	1.36mi
5162 Manitou Way Stone Mountain, GA	3.0	2.0	1728	$1,530	$0.89	17d	1	1.39mi

Listing history 38 events

1. 2026-03-17
   listed $255,000 New 743-char remark

   Show marketing remark (761 chars)

   Step inside this fully updated all-brick home offering three bedrooms and two bathrooms on an oversized lot in the heart of Stone Mountain. The interior features new stylish laminate flooring throughout, beautifully renovated bathrooms, and a modern kitchen ready for everyday living or rental income. Major upgrades include fresh paint, newer roof, new HVAC and a fully waterproofed crawlspace—giving peace of mind from day one. The backyard is expansive and fully fenced with a perimeter chain link fence, perfect for pets, play, or privacy. Just two blocks from daily essentials and with quick access to major highways, this home is move-in ready an investment-worthy. Come see it today—you’ll love the space, the updates, and the location.

2. 2026-03-17
   listed $255,000 Active 761-char remark

   Show marketing remark (761 chars)

   Step inside this fully updated all-brick home offering three bedrooms and two bathrooms on an oversized lot in the heart of Stone Mountain. The interior features new stylish laminate flooring throughout, beautifully renovated bathrooms, and a modern kitchen ready for everyday living or rental income. Major upgrades include fresh paint, newer roof, new HVAC and a fully waterproofed crawlspace—giving peace of mind from day one. The backyard is expansive and fully fenced with a perimeter chain link fence, perfect for pets, play, or privacy. Just two blocks from daily essentials and with quick access to major highways, this home is move-in ready an investment-worthy. Come see it today—you’ll love the space, the updates, and the location.

3. 2026-03-13
   historical
4. 2025-07-10
   listed $255,000 New
5. 2022-11-16
   soldstatus $230,000 Closed
6. 2022-11-16
   soldstatus $230,000 Sold
7. 2022-11-16
   soldstatus $230,000
8. 2022-10-27
   status Under Contract
9. 2022-10-27
   status Pending
10. 2022-10-13
    price $230,000
11. 2022-10-13
    price $230,000
12. 2022-10-06
    price $235,000
13. 2022-10-06
    price $235,000
14. 2022-09-27
    price $240,000
15. 2022-09-27
    price $240,000
16. 2022-09-20
    status Active
17. 2022-09-20
    status Back On Market
18. 2022-09-19
    status Under Contract
19. 2022-09-16
    status Pending
20. 2022-09-09
    status Price Change
21. 2022-09-09
    price $247,000
22. 2022-09-09
    status Active
23. 2022-09-09
    price $247,000
24. 2022-08-08
    status Under Contract
25. 2022-08-08
    status Pending
26. 2022-08-03
    status Back On Market
27. 2022-08-03
    status Active
28. 2022-07-29
    status Under Contract
29. 2022-07-29
    status Pending
30. 2022-07-27
    listed $240,000 Active
31. 2022-07-25
    listed $240,000 New
32. 2022-06-11
    price $800
33. 2018-03-27
    historical
34. 2018-03-15
    listed $124,900 New
35. 2018-01-19
    soldstatus $25,000
36. 2018-01-19
    soldstatus $58,500
37. 2017-10-24
    historical
38. 2017-09-30
    listed $60,000 New

ⓘ 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: $2,714 · $226/mo
• Projected year-2 tax: $2,714 · $226/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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 20% 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: $25,541
• − Mortgage interest: −$14,284
• − Property taxes: −$2,714
• − Insurance: −$1,275
• − Repairs & maintenance: −$2,043
• − Management: −$2,043
• − Depreciation: −$7,418
• Taxable loss: −$4,237
• Est. tax savings @ 24.0%: +$1,017
• After-tax cash flow: $1,158/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 — Stone Mountain

• Score: 79/100
• State rank: #11
• US rank: #1977

Category grades

Amenities B+ Commute A+ Cost of living A+ Crime F Employment D+ Housing A+ Health & safety B User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Dekalb County · 782,738 people
• City population: 130,941
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 38,977
• Household income: $96,491
• Rent vs Own: 15.0% rent · 85.0% own
• Severe rent burden: 780.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 62% White 22% Asian 6% Hispanic / Latino 5% Two or more races 5%
• Common ancestry: Slovak 1% Lithuanian 1% Serbian 1%
• Foreign-born: 14% · Canada, China, South Korea
• Languages at home: 86% English-only · Spanish 5% Other Indo-European 2% Other Asian/Pacific 1%

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: ▼ -228.39%
• Current HPI: 204.2122
• Rent YoY: ▲ 1.30%
• 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

+325.0% since first listed

38 events — show timeline

• 2026-03-17 Listed $255,000 FMLS
• 2026-03-17 Listed $255,000 GAMLS
• 2026-03-13 Listing Removed — GAMLS
• 2025-07-10 Listed $255,000 GAMLS
• 2022-11-16 Sold (Public Records) $230,000 Public Records
• 2022-11-16 Sold (MLS) $230,000 GAMLS
• 2022-11-16 Sold (MLS) $230,000 FMLS
• 2022-10-27 Pending — GAMLS
• 2022-10-27 Pending — FMLS
• 2022-10-13 Price Changed $230,000 GAMLS
• 2022-10-13 Price Changed $230,000 FMLS
• 2022-10-06 Price Changed $235,000 GAMLS
• 2022-10-06 Price Changed $235,000 FMLS
• 2022-09-27 Price Changed $240,000 GAMLS
• 2022-09-27 Price Changed $240,000 FMLS
• 2022-09-20 Relisted — FMLS
• 2022-09-20 Relisted — GAMLS
• 2022-09-19 Pending — GAMLS
• 2022-09-16 Pending — FMLS
• 2022-09-09 Relisted — GAMLS
• 2022-09-09 Price Changed $247,000 GAMLS
• 2022-09-09 Relisted — FMLS
• 2022-09-09 Price Changed $247,000 FMLS
• 2022-08-08 Pending — GAMLS
• 2022-08-08 Pending — FMLS
• 2022-08-03 Relisted — GAMLS
• 2022-08-03 Relisted — FMLS
• 2022-07-29 Pending — GAMLS
• 2022-07-29 Pending — FMLS
• 2022-07-27 Listed $240,000 FMLS
• 2022-07-25 Listed $240,000 GAMLS
• 2022-06-11 Price Changed $800 RENT.
• 2018-03-27 Listing Removed — GAMLS
• 2018-03-15 Listed $124,900 GAMLS
• 2018-01-19 Sold (Public Records) $58,500 Public Records
• 2018-01-19 Sold (Public Records) $25,000 Public Records
• 2017-10-24 Listing Removed — GAMLS
• 2017-09-30 Listed $60,000 GAMLS

Property tax history

+20.6%/yr

Latest (2025): $2,714 · -5.5% YoY. Source: county tax records.