521 Navarre Dr · Stone Mountain, GA 30087

$230,000

3 bd · 1.5 ba · 1,602 sqft · SingleFamily public records · 13 Days on market

Built 1971 0.46 ac lot Est $272k · 16% under

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Why this score? — see what drove the C- 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 +18.9/30.0
• ARV discount +14.5/15.0
• DSCR +5.9/10.0
• Livability +4.0/5.0
• 1% rule +3.8/10.0
• 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

COMPLETELY RENOVATED HOME. THIS IS A BEAUTY. YOUR 1ST TIME HOME BUYER WILL LOVE THIS HOME. 3 BEDROOMS, 1.5 BATH, LARGE FAMILY ROOM, FORMAL LIVING AND DINING. KITCHEN WITH NEW FLOORS, GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES, NEW CARPET, NEW PAINT AND SO MUCH MORE. GREAT LOCATION AND NEIGHBORHOOD.

Key facts

• 0.46 acre lot
• Garage
• Built 1971

Property features AI

Finance

• HOA & community: Near public transport; Close to schools; Near trails/greenway

Exterior

• Parking: Attached garage with 1 garage space
• Utilities: Public water; Septic sewer; Other utilities
• Home design: Multi/split levels; Resale condition; Shingle roof; Slab foundation
• Construction: Frame construction
• Exterior features: Other exterior features

Interior

• Kitchen: Stone countertops; Dishwasher; Electric range; Refrigerator
• Bedrooms: 3 upper-level bedrooms
• Flooring: Hardwood; Carpet
• Bathrooms: 2 full bathrooms (both on upper level); Master bathroom has no special features listed
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Two-story entrance foyer; Double-pane windows; No shared walls; Walk-out basement
• Laundry & utility: Laundry in basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $235 ($3k/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 $202k (12.0% below list).
• Recommended offer: $202k (12.0% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 5.1% in Stone Mountain — 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 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: 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).
• Market conditions: Rents rising (+1.3%/yr); 246 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $7k 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

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 10y ago; this cycle's ask is 93% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $117k; list at $230k implies a 97% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 25% 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 $202,499 (12.0% below list)

Questions for the listing agent

1. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.88% ✗
• Cap rate: 7.52%
• Cash-on-cash: 4.38%
• DSCR: 1.19
• GRM: 9.5

CMA / ARV

• ARV (on-the-fly): $272,340
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5786 Longbow Dr	0.26mi	3/3.0	1,604 (+0%)	6mo	$227,000	$142	77
563 Navarre Dr	0.11mi	3/2.0	1,691 (+6%)	12mo	$309,900	$183	74
5848 Navarre Ct	0.28mi	3/2.0	1,516 (-5%)	7mo	$220,000	$145	70
441 Navarre Dr	0.19mi	3/2.0	1,676 (+5%)	14mo	$299,900	$179	70
482 Maid Marion Ln	0.24mi	3/2.5	1,776 (+11%)	4mo	$260,000	$146	64
577 Simone Way	0.27mi	3/2.0	1,818 (+14%)	1mo	$309,900	$170	62
5916 Simone Dr	0.34mi	3/2.0	1,712 (+7%)	14mo	$329,999	$193	59
5900 Simone Dr	0.32mi	4/3.0 (+1)	1,737 (+8%)	1mo	$255,000	$147	59
644 Navarre Dr	0.26mi	4/3.0 (+1)	1,751 (+9%)	3mo	$309,900	$177	59
512 Ryan Pl	0.64mi	3/2.5	1,676 (+5%)	2mo	$140,000	$84	56
630 Simone Way	0.38mi	3/2.0	1,735 (+8%)	17mo	$275,000	$159	53
5847 Navarre Ct	0.27mi	3/2.5	1,832 (+14%)	16mo	$350,000	$191	46

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: -11.2%
• Equity multiple: 0.60×
• Total profit: $-25,806
• Equity at exit: $34,294

10-year hold

• IRR: -4.3%
• Equity multiple: 0.73×
• Total profit: $-17,131
• Equity at exit: $19,886

Cash invested: $64,400 (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: 246
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,025 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$63 /mo · $751/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$425
• Net cashflow: $235

Break-even live

Break-even rent $1,727

Max offer price $230,000

Occupancy floor 83%

Sensitivity live

Price	-10% $365	-5% $300	+0% $235	+5% $170	+10% $105
Rent	-10% $75	-5% $155	+0% $235	+5% $315	+10% $395
Rate	-1.0pp $351	-0.5pp $294	base $235	+0.5pp $176	+1.0pp $115

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5811 Navarre Ct Stone Mountain, GA	3.0	2.0	1864	$1,911	$1.03	3d	1	0.22mi
643 Navarre Dr Stone Mountain, GA	3.0	2.5	1666	$2,600	$1.56	44d	1	0.29mi
469 Sherwood Grn Stone Mountain, GA	3.0	2.0	1792	$1,810	$1.01	11d	1	0.32mi
5702 Wells Cir Stone Mountain, GA	2.0	2.5	1160	$1,495	$1.29	44d	1	0.35mi
5707 Wells Cir Stone Mountain, GA	2.0	2.5	1160	$1,506	$1.30	4d	1	0.36mi
5621 Stonington Trace Pkwy Stone Mountain, GA	2.0	3.5	1292	$1,581	$1.22	15d	1	0.36mi
5713 Wells Cir Stone Mountain, GA	3.0	2.5	1304	$1,706	$1.31	5d	1	0.37mi
450 Pennybrook Dr Stone Mountain, GA	3.0	2.0	1404	$1,750	$1.25	25d	1	0.51mi
524 Julius Dr Stone Mountain, GA	3.0	2.0	1780	$1,795	$1.01	44d	1	0.64mi
5612 Pennybrook Ct Stone Mountain, GA	3.0	2.0	1364	$1,941	$1.42	13d	1	0.78mi
427 Chanterelle Dr Stone Mountain, GA	3.0	2.5	1608	$1,650	$1.03	3d	1	0.82mi
651 Mincey Woods Ct Stone Mountain, GA	3.0	2.0	2188	$2,150	$0.98	44d	1	0.93mi
811 King Rd Stone Mountain, GA	3.0	3.0	1840	$3,300	$1.79	44d	1	0.93mi
5509 Stonehaven Way Stone Mountain, GA	4.0	3.0	1635	$1,899	$1.16	22d	1	0.97mi
564 Field Cliff Dr Stone Mountain, GA	4.0	3.0	2200	$5,500	$2.50	44d	1	1.12mi
5994 Pattillo Ln Lithonia, GA	3.0	2.5	1680	$1,940	$1.15	5d	1	1.12mi
5308 Omalley Ln Stone Mountain, GA	4.0	2.5	1950	$1,949	$1.00	44d	1	1.16mi
5370 Zachary Dr Stone Mountain, GA	4.0	2.0	1556	$1,150	$0.74	25d	1	1.19mi
732 Shadow Lake Dr Lithonia, GA	4.0	2.5	2200	$2,800	$1.27	25d	1	1.23mi
697 Pepperwood Trl Stone Mountain, GA	3.0	2.0	1576	$1,650	$1.05	44d	1	1.30mi
779 Pepperwood Trl Stone Mountain, GA	3.0	2.0	1458	$1,980	$1.36	0d	1	1.30mi
5353 Ridgemere Ct Stone Mountain, GA	3.0	2.5	1160	$1,465	$1.26	5d	1	1.31mi
5351 Ridgemere Ct Stone Mountain, GA	3.0	2.5	1160	$1,465	$1.26	5d	1	1.32mi
782 Fox Valley Dr Stone Mountain, GA	4.0	2.0	1964	$2,000	$1.02	25d	1	1.32mi
5290 Stonebush Ter Unit A Stone Mountain, GA	2.0	2.5	1200	$1,450	$1.21	19d	1	1.33mi
557 Shadow Valley Ct Lithonia, GA	3.0	2.5	1588	$1,700	$1.07	44d	1	1.34mi
5486 Fox Valley Ln Stone Mountain, GA	3.0	2.5	1536	$1,850	$1.20	20d	1	1.35mi
6445 Greenock Dr Unit 1 Stone Mountain, GA	2.0	2.5	1200	$2,450	$2.04	44d	1	1.36mi
5280 Ridge Forest Dr Stone Mountain, GA	2.0	2.5	1170	$1,325	$1.13	44d	1	1.38mi
481 Stephenson Rd Stone Mountain, GA	3.0	1.0	1396	$1,855	$1.33	5d	1	1.39mi
597 Shadow Valley Ct Lithonia, GA	3.0	2.0	2141	$1,879	$0.88	44d	1	1.39mi
5482 Martins Crossing Rd Stone Mountain, GA	3.0	2.0	1482	$1,575	$1.06	13d	1	1.46mi
768 Fourth St Stone Mountain, GA	3.0	2.0	1200	$2,100	$1.75	5d	1	1.48mi
5734 Lanny Ln Lithonia, GA	3.0	2.0	1589	$1,800	$1.13	25d	1	1.48mi

Listing history 11 events

1. 2026-06-18
   days on market $230,000 Active 13 DOM
2. 2026-06-17
   days on market $230,000 Active 12 DOM
3. 2026-06-16
   days on market $230,000 Active 11 DOM
4. 2026-06-15
   days on market $230,000 Active 10 DOM
5. 2026-06-13
   days on market $230,000 Active 8 DOM
6. 2026-06-09
   days on market $230,000 Active 4 DOM
7. 2026-06-08
   days on market $230,000 Active 3 DOM
8. 2026-06-07
   remarks 687-char remark
9. 2026-06-07
   statusdays on market $230,000 Active 2 DOM
10. 2026-06-04
    remarks 600-char remark
11. 2026-06-04
    listed $230,000 Coming Soon 1 DOM

ⓘ 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: $751 · $63/mo
• Projected year-2 tax: $2,116 · $176/mo
• Expected delta: +$1,365/yr (+$114/mo · 181.7%)

ⓘ 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 2/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 6/10 Major 8 unhealthy d/yr today · 11 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,300
• − Mortgage interest: −$12,884
• − Property taxes: −$751
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,944
• − Management: −$1,944
• − Depreciation: −$6,691
• Taxable loss: −$1,064
• Est. tax savings @ 24.0%: +$255
• After-tax cash flow: $3,077/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

+215.5% since first listed

26 events — show timeline

• 2026-06-04 Coming Soon $230,000 FMLS
• 2017-08-24 Sold (Public Records) $117,000 Public Records
• 2017-08-21 Sold (MLS) $117,000 GAMLS
• 2017-08-21 Sold (MLS) $117,000 FMLS
• 2017-08-18 Listing Removed — GAMLS
• 2017-08-02 Listed $119,000 GAMLS
• 2017-07-19 Contingent — FMLS
• 2017-07-19 Pending — GAMLS
• 2017-07-07 Relisted — GAMLS
• 2017-07-07 Relisted — FMLS
• 2017-04-10 Pending — GAMLS
• 2017-04-10 Contingent — FMLS
• 2017-04-05 Listing Removed — GAMLS
• 2017-04-03 Listed $119,000 GAMLS
• 2017-04-03 Listed $119,000 FMLS
• 2016-10-14 Price Changed $89,900 GAMLS
• 2016-10-10 Relisted — GAMLS
• 2016-09-15 Pending — GAMLS
• 2016-09-10 Price Changed $69,900 GAMLS
• 2016-06-15 Price Changed $97,200 GAMLS
• 2016-06-14 Relisted — GAMLS
• 2016-05-19 Pending — GAMLS
• 2016-04-20 Pending — GAMLS
• 2016-03-29 Listed $65,900 GAMLS
• 1996-09-25 Sold (Public Records) $88,000 Public Records
• 1991-02-21 Sold (Public Records) $72,900 Public Records

Property tax history

-3.1%/yr

Latest (2025): $751 · -75.7% YoY. Source: county tax records.