6189 Valdez Dr · Morrow, GA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $963 – $1,789
Heat risk 5/10 · Moderate
- Hot days now (above 107°F)
- 7 days/yr
- Hot days in 30 yrs
- 17 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 6 days/yr
Risk factors via First Street. Map © Google.
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 +20.2/30.0
- ARV discount +15.0/15.0
- DSCR +6.4/10.0
- 1% rule +5.3/10.0
- Livability +3.2/5.0
- Rent growth +2.8/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
- Appreciation +0.0/10.0
$192,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Great opportunity in Rex! This 3-bedroom, 3-bath bi-level home features a finished lower level with flexible space for a 4th bedroom, office, guest suite, or bonus room. Major updates include the roof, HVAC, and water heater. Additional features include hardwood floors, high ceilings, a rear deck, spacious backyard, detached shed/workshop with electricity and heat, and a 2-car garage. Caution: front steps and rails are weak. Conveniently located near shopping, dining, schools, major highways, and Atlanta airport. The photos have been generated with AI to show potential after items are removed. We have a new investor loan program with great rates and terms, contact us to learn more, and we can get you approved in 24 hours. This property is being sold as-is. Prospective buyers are encouraged to perform all necessary inspections and evaluations prior to purchase. Do not use ShowingTime. The agent is ONLY transactional. please refer to private remarks for showing instructions. 3D Matterport tour available.
Key facts
- Flexible space
- Spacious backyard
- Major updates
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/3.0-bath single-family listed at $193k.
Deal economics
- At list price, monthly cash flow is $244 ($3k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $193k).
- Recommended offer: $181k (6.0% below list) — sets the bar for market timing.
- Cap rate 7.8% vs local median 4.9% in Morrow — 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 65/100 on livability (#229 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities D, employment D, crime F.
- Clayton County (suburban): math 11% / reading 20% proficiency, ranked #155 of 174 in GA (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Roberta T. Smith Elementary School (math 15% / reading 34%, grade F, #751 of 1,228 statewide, top 61%, 781 students, 90% FRL); Rex Mill Middle School (math 17% / reading 29%, grade F, #321 of 470 statewide, top 69%, 974 students, 91% FRL); Morrow High School (math 12% / reading 22%, grade F, #277 of 424 statewide, top 67%, 1,980 students, 91% FRL).
- Market conditions: Rents rising (+1.2%/yr); 84 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 865 units permitted in Clayton County in 2024 (448 in 5+ unit buildings).
- This rent runs 33% of the median local income ($74k/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.
- Clayton County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
Negotiation context
- It's been on market 86 days — a 6% lower offer ($181k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts; this cycle's ask has dropped $30k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $145k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- It's been on market 86 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.03% ✓
- Cap rate
- 7.81%
- Cash-on-cash
- 5.41%
- DSCR
- 1.24
- GRM
- 8.1
CMA / ARV
- ARV (median comp)
- $231,573
- List price
- $192,900
- Delta
- -16.70%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 6427 Bennett Dr | 0.48mi | 3/2.0 | 1,559 (-4%) | 6mo | $210,000 | $135 | 62 |
| 6485 Carolyn Ct | 0.60mi | 3/2.0 | 1,574 (-3%) | 9mo | $160,000 | $102 | 56 |
| 6061 Tina Ln | 0.72mi | 3/2.0 | 1,593 (-2%) | 6mo | $249,000 | $156 | 54 |
| 3413 Creekview Dr | 0.56mi | 3/2.0 | 1,550 (-4%) | 10mo | $229,000 | $148 | 54 |
| 3331 Waggoner Way | 0.60mi | 3/2.5 | 1,525 (-6%) | 7mo | $260,000 | $170 | 54 |
| 5885 Waggoner Cv | 0.72mi | 3/2.5 | 1,624 (+0%) | 13mo | $275,000 | $169 | 53 |
| 6050 Randy Ln | 0.65mi | 4/3.0 (+1) | 1,501 (-7%) | 0mo | $310,300 | $207 | 52 |
| 2815 Teal Landing Dr | 0.72mi | 3/2.5 | 1,481 (-8%) | 2mo | $284,300 | $192 | 49 |
| 3311 Waggoner Trl | 0.67mi | 3/2.5 | 1,525 (-6%) | 12mo | $268,000 | $176 | 47 |
| 3551 Cindy Way | 0.73mi | 4/2.0 (+1) | 1,584 (-2%) | 9mo | $237,127 | $150 | 46 |
| 6493 Menlo Way | 0.72mi | 4/2.0 (+1) | 1,783 (+10%) | 2mo | $315,000 | $177 | 39 |
| 2767 Kathie Ln | 0.75mi | 3/2.0 | 1,795 (+11%) | 10mo | $175,000 | $97 | 35 |
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 · 1.19% rent growth · sell at horizon
- IRR
- -10.0%
- Equity multiple
- 0.64×
- Total profit
- $-19,278
- Equity at exit
- $28,762
- IRR
- -3.3%
- Equity multiple
- 0.80×
- Total profit
- $-10,804
- Equity at exit
- $16,678
Cash invested: $54,012 (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
ZIP-level market 30273
- Home prices YoY
- -28.4%
- Rents YoY
- 1.2%
- Active inventory
- 84
- Price-to-rent
- 8.1×
Monthly cashflow live
- Estimated rent
- $1,995 high interval (Pro) →
- Mortgage (P&I)
- −$1,012
- Tax from tax record
- −$240 /mo · $2,883/yr
- Insurance
- −$80
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$419
- Net cashflow
- $244
Break-even live
Sensitivity live
| Price | -10% $353 | -5% $298 | +0% $244 | +5% $189 | +10% $134 |
|---|---|---|---|---|---|
| Rent | -10% $86 | -5% $165 | +0% $244 | +5% $322 | +10% $401 |
| Rate | -1.0pp $341 | -0.5pp $293 | base $244 | +0.5pp $194 | +1.0pp $143 |
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
- $48,225
- Closing costs
- $5,787
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2958 Stone Creek Dr Rex, GA | 3.0 | 2.0 | 1506 | $1,800 | $1.20 | 14d | 1 | 0.37mi |
| 6451 Carolyn Ct Rex, GA | 3.0 | 2.0 | 1523 | $1,665 | $1.09 | 45d | 1 | 0.58mi |
| 3360 Waggoner Ln Rex, GA | 4.0 | 3.0 | 1948 | $2,135 | $1.10 | 12d | 1 | 0.61mi |
| 6234 Culver Dr Morrow, GA | 4.0 | 3.0 | 1748 | $2,350 | $1.34 | 6d | 1 | 0.61mi |
| 5862 Waggoner Ct Rex, GA | 4.0 | 2.0 | 1558 | $2,226 | $1.43 | 23d | 1 | 0.64mi |
| 6478 Bobolink Ct Rex, GA | 4.0 | 2.0 | 1626 | $1,911 | $1.18 | 21d | 1 | 0.65mi |
| 6494 Bobolink Ct Rex, GA | 3.0 | 2.0 | 1310 | $1,630 | $1.24 | 0d | 1 | 0.67mi |
| 6498 Menlo Way Rex, GA | 4.0 | 2.0 | 1246 | $1,895 | $1.52 | 25d | 1 | 0.72mi |
| 3533 Charlotte Dr Rex, GA | 3.0 | 2.0 | 1877 | $1,845 | $0.98 | 0d | 1 | 0.73mi |
| 6300 Ellenwood Dr Rex, GA | 3.0 | 2.5 | 1388 | $1,699 | $1.22 | 11d | 1 | 0.77mi |
| 3543 Meadowview Ct Rex, GA | 3.0 | 1.5 | 1582 | $1,995 | $1.26 | 0d | 1 | 0.85mi |
| 2986 Bunchberry Ct Ellenwood, GA | 4.0 | 2.5 | 2120 | $2,331 | $1.10 | 25d | 1 | 0.90mi |
| 3275 Creekwood Dr Rex, GA | 3.0 | 2.0 | 1105 | $1,630 | $1.48 | 6d | 1 | 0.95mi |
| 6169 Fay Ct Rex, GA | 3.0 | 2.0 | 1416 | $2,100 | $1.48 | 45d | 1 | 0.95mi |
| 3327 Creekwood Dr Rex, GA | 3.0 | 2.0 | 1728 | $1,466 | $0.85 | 6d | 1 | 0.97mi |
| 2941 Partin Pl Ellenwood, GA | 4.0 | 2.5 | 1874 | $2,155 | $1.15 | 16d | 1 | 0.99mi |
| 6698 Bent Creek Dr Rex, GA | 3.0 | 2.0 | 1572 | $1,840 | $1.17 | 45d | 1 | 0.99mi |
| 6511 Mill Ct Morrow, GA | 3.0 | 2.0 | 1454 | $1,881 | $1.29 | 45d | 1 | 1.02mi |
| 6722 Bent Creek Dr Rex, GA | 3.0 | 2.0 | 1788 | $2,030 | $1.14 | 14d | 1 | 1.04mi |
| 3160 Creekwood Dr Rex, GA | 4.0 | 2.5 | 1612 | $1,945 | $1.21 | 45d | 1 | 1.13mi |
| 2866 Panther Ct Rex, GA | 3.0 | 2.0 | 1344 | $1,780 | $1.32 | 45d | 1 | 1.13mi |
| 6379 Skyline Dr Rex, GA | 3.0 | 2.0 | 1722 | $2,000 | $1.16 | 6d | 1 | 1.13mi |
| 6683 Homestead Rd Rex, GA | 3.0 | 2.0 | 1536 | $2,000 | $1.30 | 6d | 1 | 1.14mi |
| 2588 Monica Way Morrow, GA | 3.0 | 2.0 | 1706 | $1,650 | $0.97 | 4d | 1 | 1.15mi |
| 6068 Monica Dr Morrow, GA | 3.0 | 2.0 | 1210 | $1,700 | $1.40 | 23d | 1 | 1.15mi |
| 2861 Panther Ct Rex, GA | 3.0 | 2.0 | 1296 | $1,680 | $1.30 | 3d | 1 | 1.15mi |
| 6424 Monica Dr Morrow, GA | 3.0 | 2.0 | 1125 | $1,400 | $1.24 | 45d | 1 | 1.19mi |
| 2710 Luke Dr Ellenwood, GA | 4.0 | 3.0 | 2213 | $2,435 | $1.10 | 45d | 1 | 1.22mi |
| 5762 Northspring Dr Ellenwood, GA | 3.0 | 2.0 | 1577 | $1,705 | $1.08 | 14d | 1 | 1.25mi |
| 2607 Sparta Dr Morrow, GA | 4.0 | 2.5 | 2022 | $2,100 | $1.04 | 25d | 1 | 1.26mi |
| 5868 Dan Dr Ellenwood, GA | 3.0 | 2.0 | 1854 | $2,300 | $1.24 | 45d | 1 | 1.26mi |
| 6593 Sleepy Hollow Ln Morrow, GA | 2.0 | 2.0 | 1152 | $1,550 | $1.35 | 45d | 1 | 1.30mi |
| 6824 Red Maple Dr Rex, GA | 4.0 | 2.0 | 1542 | $1,951 | $1.27 | 25d | 1 | 1.30mi |
| 6572 Sleepy Hollow Ln Morrow, GA | 2.0 | 1.5 | 1152 | $1,400 | $1.22 | 25d | 1 | 1.30mi |
| 6043 Deerfield Ct Morrow, GA | 3.0 | 2.0 | 1370 | $1,741 | $1.27 | 0d | 1 | 1.31mi |
| 5789 Colt Ct Ellenwood, GA | 4.0 | 3.0 | 1877 | $2,020 | $1.08 | 45d | 1 | 1.32mi |
| 5567 Katherine Village Dr Ellenwood, GA | 3.0 | 2.0 | 2031 | $2,510 | $1.24 | 0d | 1 | 1.36mi |
| 6855 Red Maple Dr Rex, GA | 3.0 | 2.0 | 1252 | $1,740 | $1.39 | 25d | 1 | 1.36mi |
| 6855 Red Maple Dr Rex, GA | 3.0 | 2.0 | 1252 | $1,740 | $1.39 | 45d | 1 | 1.36mi |
| 6595 Mount Zion Blvd Morrow, GA | 1.0–3.0 | 1.0–2.0 | 1175 | $1,749 | $1.49 | 0d | 11 | 1.36mi |
Listing history 25 events
-
2026-06-21days on market $192,900 Active 86 DOM
-
2026-06-18days on market $192,900 Active 83 DOM
-
2026-06-17days on market $192,900 Active 82 DOM
-
2026-06-16days on market $192,900 Active 81 DOM
-
2026-06-15days on market $192,900 Active 80 DOM
-
2026-06-13days on market $192,900 Active 78 DOM
-
2026-06-09days on market $192,900 Active 74 DOM
-
2026-06-08pricedays on market $192,900 Active 73 DOM
-
2026-06-07days on market $194,600 Active 72 DOM
-
2026-06-04days on market $194,600 Active 69 DOM
-
2026-06-03days on market $194,600 Active 68 DOM
-
2026-06-02days on market $194,600 Active 67 DOM
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2026-06-01days on market $194,600 Active 66 DOM
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2026-05-31days on market $194,600 Active 65 DOM
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2026-05-08price $199,900 1017-char remark
Show marketing remark (1017 chars)
Great opportunity in Rex! This 3-bedroom, 3-bath bi-level home features a finished lower level with flexible space for a 4th bedroom, office, guest suite, or bonus room. Major updates include the roof, HVAC, and water heater. Additional features include hardwood floors, high ceilings, a rear deck, spacious backyard, detached shed/workshop with electricity and heat, and a 2-car garage. Caution: front steps and rails are weak. Conveniently located near shopping, dining, schools, major highways, and Atlanta airport. The photos have been generated with AI to show potential after items are removed. We have a new investor loan program with great rates and terms, contact us to learn more, and we can get you approved in 24 hours. This property is being sold as-is. Prospective buyers are encouraged to perform all necessary inspections and evaluations prior to purchase. Do not use ShowingTime. The agent is ONLY transactional. please refer to private remarks for showing instructions. 3D Matterport tour available.
-
2026-05-08price $199,900 1017-char remark
Show marketing remark (1017 chars)
Great opportunity in Rex! This 3-bedroom, 3-bath bi-level home features a finished lower level with flexible space for a 4th bedroom, office, guest suite, or bonus room. Major updates include the roof, HVAC, and water heater. Additional features include hardwood floors, high ceilings, a rear deck, spacious backyard, detached shed/workshop with electricity and heat, and a 2-car garage. Caution: front steps and rails are weak. Conveniently located near shopping, dining, schools, major highways, and Atlanta airport. The photos have been generated with AI to show potential after items are removed. We have a new investor loan program with great rates and terms, contact us to learn more, and we can get you approved in 24 hours. This property is being sold as-is. Prospective buyers are encouraged to perform all necessary inspections and evaluations prior to purchase. Do not use ShowingTime. The agent is ONLY transactional. please refer to private remarks for showing instructions. 3D Matterport tour available.
-
2026-04-22price $204,900 1017-char remark
Show marketing remark (1017 chars)
Great opportunity in Rex! This 3-bedroom, 3-bath bi-level home features a finished lower level with flexible space for a 4th bedroom, office, guest suite, or bonus room. Major updates include the roof, HVAC, and water heater. Additional features include hardwood floors, high ceilings, a rear deck, spacious backyard, detached shed/workshop with electricity and heat, and a 2-car garage. Caution: front steps and rails are weak. Conveniently located near shopping, dining, schools, major highways, and Atlanta airport. The photos have been generated with AI to show potential after items are removed. We have a new investor loan program with great rates and terms, contact us to learn more, and we can get you approved in 24 hours. This property is being sold as-is. Prospective buyers are encouraged to perform all necessary inspections and evaluations prior to purchase. Do not use ShowingTime. The agent is ONLY transactional. please refer to private remarks for showing instructions. 3D Matterport tour available.
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2026-04-22price $204,900 1017-char remark
Show marketing remark (1017 chars)
Great opportunity in Rex! This 3-bedroom, 3-bath bi-level home features a finished lower level with flexible space for a 4th bedroom, office, guest suite, or bonus room. Major updates include the roof, HVAC, and water heater. Additional features include hardwood floors, high ceilings, a rear deck, spacious backyard, detached shed/workshop with electricity and heat, and a 2-car garage. Caution: front steps and rails are weak. Conveniently located near shopping, dining, schools, major highways, and Atlanta airport. The photos have been generated with AI to show potential after items are removed. We have a new investor loan program with great rates and terms, contact us to learn more, and we can get you approved in 24 hours. This property is being sold as-is. Prospective buyers are encouraged to perform all necessary inspections and evaluations prior to purchase. Do not use ShowingTime. The agent is ONLY transactional. please refer to private remarks for showing instructions. 3D Matterport tour available.
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2026-04-10price $214,900 1017-char remark
Show marketing remark (1017 chars)
Great opportunity in Rex! This 3-bedroom, 3-bath bi-level home features a finished lower level with flexible space for a 4th bedroom, office, guest suite, or bonus room. Major updates include the roof, HVAC, and water heater. Additional features include hardwood floors, high ceilings, a rear deck, spacious backyard, detached shed/workshop with electricity and heat, and a 2-car garage. Caution: front steps and rails are weak. Conveniently located near shopping, dining, schools, major highways, and Atlanta airport. The photos have been generated with AI to show potential after items are removed. We have a new investor loan program with great rates and terms, contact us to learn more, and we can get you approved in 24 hours. This property is being sold as-is. Prospective buyers are encouraged to perform all necessary inspections and evaluations prior to purchase. Do not use ShowingTime. The agent is ONLY transactional. please refer to private remarks for showing instructions. 3D Matterport tour available.
-
2026-04-10price $214,900 1017-char remark
Show marketing remark (1017 chars)
Great opportunity in Rex! This 3-bedroom, 3-bath bi-level home features a finished lower level with flexible space for a 4th bedroom, office, guest suite, or bonus room. Major updates include the roof, HVAC, and water heater. Additional features include hardwood floors, high ceilings, a rear deck, spacious backyard, detached shed/workshop with electricity and heat, and a 2-car garage. Caution: front steps and rails are weak. Conveniently located near shopping, dining, schools, major highways, and Atlanta airport. The photos have been generated with AI to show potential after items are removed. We have a new investor loan program with great rates and terms, contact us to learn more, and we can get you approved in 24 hours. This property is being sold as-is. Prospective buyers are encouraged to perform all necessary inspections and evaluations prior to purchase. Do not use ShowingTime. The agent is ONLY transactional. please refer to private remarks for showing instructions. 3D Matterport tour available.
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2026-03-27$222,800 New 1017-char remark
Show marketing remark (1017 chars)
Great opportunity in Rex! This 3-bedroom, 3-bath bi-level home features a finished lower level with flexible space for a 4th bedroom, office, guest suite, or bonus room. Major updates include the roof, HVAC, and water heater. Additional features include hardwood floors, high ceilings, a rear deck, spacious backyard, detached shed/workshop with electricity and heat, and a 2-car garage. Caution: front steps and rails are weak. Conveniently located near shopping, dining, schools, major highways, and Atlanta airport. The photos have been generated with AI to show potential after items are removed. We have a new investor loan program with great rates and terms, contact us to learn more, and we can get you approved in 24 hours. This property is being sold as-is. Prospective buyers are encouraged to perform all necessary inspections and evaluations prior to purchase. Do not use ShowingTime. The agent is ONLY transactional. please refer to private remarks for showing instructions. 3D Matterport tour available.
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2026-03-27$222,800 Active 1017-char remark
Show marketing remark (1017 chars)
Great opportunity in Rex! This 3-bedroom, 3-bath bi-level home features a finished lower level with flexible space for a 4th bedroom, office, guest suite, or bonus room. Major updates include the roof, HVAC, and water heater. Additional features include hardwood floors, high ceilings, a rear deck, spacious backyard, detached shed/workshop with electricity and heat, and a 2-car garage. Caution: front steps and rails are weak. Conveniently located near shopping, dining, schools, major highways, and Atlanta airport. The photos have been generated with AI to show potential after items are removed. We have a new investor loan program with great rates and terms, contact us to learn more, and we can get you approved in 24 hours. This property is being sold as-is. Prospective buyers are encouraged to perform all necessary inspections and evaluations prior to purchase. Do not use ShowingTime. The agent is ONLY transactional. please refer to private remarks for showing instructions. 3D Matterport tour available.
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2025-07-09soldstatus $145,000
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2025-06-26soldstatus $116,000
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1987-06-04soldstatus $69,900
ⓘ 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
- $2,883 · $240/mo
- Projected year-2 tax
- $2,883 · $240/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 5/10 Major 7 d/yr ≥107°F today · 17 d/yr by 30 yrs out
- Wind 6/10 Major 27% chance of damaging wind over 30 yrs
- Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
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Taxation est. · year 1
- Rental income
- $23,937
- − Mortgage interest
- −$10,805
- − Property taxes
- −$2,883
- − Insurance
- −$964
- − Repairs & maintenance
- −$1,915
- − Management
- −$1,915
- − Depreciation
- −$5,612
- Taxable loss
- −$157
- Est. tax savings @ 24.0%
- +$38
- After-tax cash flow
- $2,962/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
- Clayton County
- NCES district ID
- 1301230
- Math proficiency
- 11% ▼ -13.00%
- Reading proficiency
- 20% ▼ -9.00%
- Median HH income
- $42,266
- Composite
- 13.41/100
- National rank
- #9527
- State rank
- #155 of 174 in GA
Livability — Morrow
- Score
- 65/100
- State rank
- #229
- US rank
- #13314
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- County
- Clayton County · 230,153 people
- City population
- 28,693
- Metro
- Atlanta-Sandy Springs-Alpharetta, GA
- Population (ZIP)
- 17,844
- Household income
- $73,502
- Rent vs Own
- Severe rent burden
- 270.0
Population outlook (Clayton County) Hauer SSP2
- Today (2025)
- 310,777 people
- By 2030
- 329,762 · +6.1%
- By 2040
- 368,052 · +18.4%
- By 2050
- 401,196 · +29.1%
- By 2075
- 472,488 · +52.0%
- By 2100
- 500,446 · +61.0%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.56)
- Race & ethnicity
- Black 63% White 16% Hispanic / Latino 10% Asian 6% Two or more races 5%
- Hispanic origin (detail)
- Mexican 5%
- Common ancestry
- Slovak 1% Serbian 1% Ukrainian 1%
- Foreign-born
- 11% · Vietnam, Canada
- Languages at home
- 82% English-only · Spanish 7% Vietnamese 6% French/Haitian/Cajun 3%
Political lean MEDSL · Clayton
- 2024 margin
- Solid D (+69.2) · D 84.3% · R 15.1%
- 2008→2024 swing
- +2.8pp toward D · 2008: 66.4pp · 2024: 69.2pp
- All cycles
- 2024: D+69.2 2020: D+70.9 2016: D+71.9 2012: D+70.1 2008: D+66.4
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -74.65%
- Current HPI
- 188.3712
- Rent YoY
- ▲ 1.19%
- 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 |
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| Retail | 1 | $160B |
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| Transportation / Logistics | 1 | $91B |
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| Airlines | 1 | $62B |
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| Consumer Goods | 1 | $47B |
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| Utilities | 1 | $25B |
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Price history
+186.0% since first listed11 events — show timeline
- 2026-05-08 Price Changed $199,900 FMLS
- 2026-05-08 Price Changed $199,900 GAMLS
- 2026-04-22 Price Changed $204,900 FMLS
- 2026-04-22 Price Changed $204,900 GAMLS
- 2026-04-10 Price Changed $214,900 FMLS
- 2026-04-10 Price Changed $214,900 GAMLS
- 2026-03-27 Listed $222,800 FMLS
- 2026-03-27 Listed $222,800 GAMLS
- 2025-07-09 Sold (Public Records) $145,000 Public Records
- 2025-06-26 Sold (Public Records) $116,000 Public Records
- 1987-06-04 Sold (Public Records) $69,900 Public Records
Property tax history
+5.5%/yrLatest (2025): $2,883 · -3.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…