3340 Fannin Ct · Stonecrest, GA 30038

$179,900

3 bd · 2.0 ba · 1,880 sqft · SingleFamily public records · 79 Days on market

Built 1985 0.41 ac lot $96/sqft · 15% below area Est $281k · 36% 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 +16.2/30.0
• ARV discount +15.0/15.0
• 1% rule +5.2/10.0
• DSCR +5.0/10.0
• Rent growth +3.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming two-story traditional home tucked away in a quiet cul-de-sac in the heart of the Willowbrook subdivision. Featuring 4 spacious bedrooms and 2 full baths, this 1,630 sq. ft. residence offers the perfect footprint for a primary residence or a high-yield long-term rental. The property sits on a generous 0.41-acre level lot, providing a private backyard retreat with no HOA. Ideally located with easy access to shopping, local parks, and I-20. Don't miss this opportunity to own a piece of Stonecrest at an incredible value.

Key facts

• Quiet cul de sac
• No hoa
• 0.41 acre lot

Tags

• TWO STORY TRADITIONAL HOME
• QUIET CUL DE SAC
• WILLOWBROOK SUBDIVISION
• PRIVATE BACKYARD RETREAT
• NO HOA
• EASY ACCESS TO SHOPPING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $96 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $169k (6.0% below list) — sets the bar for market timing.
• Cap rate 6.9% 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 C — 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.
• Market conditions: Rents rising fast (+4.6%/yr); 320 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); 40% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 79 days — a 6% lower offer ($169k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $35k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 26% 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 $169,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.02% ✓
• Cap rate: 6.93%
• Cash-on-cash: 2.29%
• DSCR: 1.10
• GRM: 8.2

CMA / ARV

• ARV (median comp): $281,335
• List price: $179,900
• Delta: -36.05%
• 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
5338 Timor Trl	0.16mi	3/2.0	1,708 (-9%)	7mo	$125,000	$73	72
3142 Frost Ln	0.45mi	4/2.5 (+1)	1,885 (+0%)	2mo	$151,500	$80	70
5515 Rock Springs Rd	0.23mi	3/2.0	1,632 (-13%)	2mo	$184,900	$113	65
5437 Winslow Xing N	0.51mi	3/2.0	1,680 (-11%)	1mo	$187,900	$112	58
5536 La Fleur Trl	0.28mi	4/2.5 (+1)	1,652 (-12%)	3mo	$207,000	$125	57
5471 Walnut Ln	0.70mi	4/2.5 (+1)	1,897 (+1%)	4mo	$259,900	$137	56
5459 Winslow Xing N	0.49mi	3/2.5	1,720 (-8%)	6mo	$265,000	$154	56
5487 Walnut Ln	0.68mi	3/2.5	2,000 (+6%)	0mo	$275,000	$138	56
5635 Hunters Crossing Ct	0.55mi	3/2.5	1,708 (-9%)	3mo	$240,000	$141	54
5421 Salem Springs Dr	0.68mi	3/2.5	1,804 (-4%)	6mo	$203,000	$113	54
3251 Hunters Crossing Pt	0.46mi	4/3.0 (+1)	2,092 (+11%)	2mo	$266,000	$127	49
5614 Regency Forest Ct	0.70mi	3/2.0	1,664 (-12%)	4mo	$215,000	$129	45

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 · 4.6% rent growth · sell at horizon

5-year hold

• IRR: -10.7%
• Equity multiple: 0.60×
• Total profit: $-19,919
• Equity at exit: $26,824

10-year hold

• IRR: 1.0%
• Equity multiple: 1.07×
• Total profit: $3,687
• Equity at exit: $15,554

Cash invested: $50,372 (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 30038

• Home prices YoY: -28.0%
• Rents YoY: 4.6%
• Active inventory: 320
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,838 high
• Mortgage (P&I): −$943
• Tax from tax record: −$338 /mo · $4,051/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$386
• Net cashflow: $96

Break-even live

Break-even rent $1,716

Max offer price $179,900

Occupancy floor 90%

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5302 Timor Trl Lithonia, GA	3.0	2.0	1330	$1,900	$1.43	43d	1	0.20mi
3199 Pearce Ct Lithonia, GA	4.0	2.5	1700	$2,035	$1.20	24d	1	0.45mi
5238 Walnut Ct Lithonia, GA	4.0	2.5	1492	$1,940	$1.30	2d	1	0.58mi
5301 W Fairington Pkwy Lithonia, GA	1.0–3.0	1.0–2.0	1020	$1,946	$1.91	1d	37	0.72mi
3039 Bonnes Dr Lithonia, GA	3.0	3.0	1608	$1,995	$1.24	43d	1	0.73mi
3039 Bonnes Dr Lithonia, GA	3.0	3.0	1608	$1,995	$1.24	12d	1	0.73mi
3673 Walnut Creek Way Lithonia, GA	4.0	3.0	1692	$1,895	$1.12	3d	1	0.73mi
3060 Aberdeen Way Lithonia, GA	3.0	2.0	1592	$1,850	$1.16	24d	1	0.75mi
3008 Bonnes Dr Lithonia, GA	3.0	2.5	1608	$1,800	$1.12	43d	1	0.76mi
100 Cavalier Xing Stonecrest, GA	3.0	2.0	1558	$1,990	$1.28	24d	1	0.79mi
3100 Bonnes Dr Lithonia, GA	3.0	2.5	1608	$1,800	$1.12	43d	1	0.80mi
5654 Bradley Cir Lithonia, GA	2.0	1.0	1428	$1,673	$1.17	5d	1	0.81mi
5588 Fairington Pl Lithonia, GA	2.0	1.0	1260	$1,295	$1.03	43d	1	0.84mi
3712 Salem Chapel Dr Lithonia, GA	3.0	2.5	1683	$1,650	$0.98	10d	1	0.94mi
3468 Deer Trce Lithonia, GA	3.0	1.0	1886	$2,800	$1.48	24d	1	1.01mi
5388 Winding Glen Dr Lithonia, GA	4.0	2.5	2251	$2,230	$0.99	43d	1	1.03mi
421 Meadowood Dr Stonecrest, GA	2.0–3.0	1.5–2.0	1328	$1,499	$1.13	24d	18	1.10mi
2898 Norfair Loop Lithonia, GA	2.0	1.5	1240	$1,506	$1.21	5d	1	1.10mi
129 Rue Fontaine Lithonia, GA	2.0	2.0	1376	$1,450	$1.05	22d	1	1.13mi
46 Le Parc Fontaine Lithonia, GA	2.0	2.0	1376	$1,350	$0.98	43d	1	1.14mi
2204 Fairington Village Dr Lithonia, GA	3.0	2.0	1292	$1,295	$1.00	20d	1	1.14mi
2204 Fairington Village Dr Lithonia, GA	3.0	2.0	1292	$1,295	$1.00	24d	1	1.14mi
2204 Fairington Club Dr Unit 2204 Stonecrest, GA	3.0	2.0	2000	$1,600	$0.80	5d	1	1.15mi
2747 Norfair Loop Lithonia, GA	2.0	3.0	2080	$1,900	$0.91	3d	1	1.15mi
2102 Fairington Ridge Cir Lithonia, GA	3.0	2.0	1292	$1,545	$1.20	10d	1	1.15mi
4103 Fairington Club Dr Lithonia, GA	3.0	2.0	1292	$1,300	$1.01	43d	1	1.17mi
4101 Fairington Club Dr Lithonia, GA	3.0	2.0	1292	$1,300	$1.01	43d	1	1.17mi
2437 Piering Dr Lithonia, GA	3.0	2.5	1560	$1,600	$1.03	43d	1	1.17mi
5104 Fairington Ridge Cir Unit 5104 Stonecrest, GA	3.0	2.0	1292	$1,400	$1.08	24d	1	1.22mi
5201 Fairington Ridge Cir Lithonia, GA	3.0	2.0	1226	$1,645	$1.34	43d	1	1.22mi
6301 Fairington Village Dr Stonecrest, GA	3.0	2.0	1300	$1,900	$1.46	5d	1	1.23mi
13101 Fairington Ridge Cir Unit 101 Stonecrest, GA	3.0	2.0	1292	$1,400	$1.08	24d	1	1.24mi
13202 Fairington Ridge Cir Lithonia, GA	3.0	2.0	1292	$1,650	$1.28	17d	1	1.24mi
2649 Parrish Ct Lithonia, GA	3.0	2.5	1588	$1,800	$1.13	43d	1	1.25mi
14302 Fairington Ridge Cir Lithonia, GA	3.0	2.0	1292	$1,650	$1.28	43d	1	1.27mi
7104 Fairington Ridge Cir Lithonia, GA	3.0	2.0	1292	$1,300	$1.01	3d	1	1.28mi
14204 Fairington Ridge Cir Lithonia, GA	3.0	2.0	1292	$1,550	$1.20	43d	1	1.28mi
8202 Fairington Ridge Cir Lithonia, GA	3.0	2.0	1300	$1,900	$1.46	43d	1	1.31mi
100 Walden Brook Dr Stonecrest, GA	1.0–3.0	1.0–2.0	1132	$1,607	$1.42	2d	15	1.31mi
5812 Trent Walk Dr Unit 1 Stonecrest, GA	3.0	2.0	1350	$1,600	$1.19	43d	1	1.33mi

Listing history 26 events

1. 2026-06-18
   days on market $179,900 Active 79 DOM
2. 2026-06-17
   days on market $179,900 Active 78 DOM
3. 2026-06-16
   days on market $179,900 Active 77 DOM
4. 2026-06-15
   days on market $179,900 Active 76 DOM
5. 2026-06-13
   days on market $179,900 Active 74 DOM
6. 2026-06-09
   statusdays on market $179,900 Active 70 DOM
7. 2026-06-08
   days on market $179,900 Price Change 69 DOM
8. 2026-06-07
   pricestatusdays on market $179,900 Price Change 68 DOM
9. 2026-06-04
   days on market $194,900 Active 65 DOM
10. 2026-06-03
    days on market $194,900 Active 64 DOM
11. 2026-06-02
    days on market $194,900 Active 63 DOM
12. 2026-06-01
    days on market $194,900 Active 62 DOM
13. 2026-05-31
    days on market $194,900 Active 61 DOM
14. 2026-05-14
    price $194,900 547-char remark

    Show marketing remark (547 chars)

    Welcome to this charming two-story traditional home tucked away in a quiet cul-de-sac in the heart of the Willowbrook subdivision. Featuring 4 spacious bedrooms and 2 full baths, this 1,630 sq. ft. residence offers the perfect footprint for a primary residence or a high-yield long-term rental. The property sits on a generous 0.41-acre level lot, providing a private backyard retreat with no HOA. Ideally located with easy access to shopping, local parks, and I-20. Don't miss this opportunity to own a piece of Stonecrest at an incredible value.

15. 2026-04-21
    price $199,900 547-char remark

    Show marketing remark (547 chars)

    Welcome to this charming two-story traditional home tucked away in a quiet cul-de-sac in the heart of the Willowbrook subdivision. Featuring 4 spacious bedrooms and 2 full baths, this 1,630 sq. ft. residence offers the perfect footprint for a primary residence or a high-yield long-term rental. The property sits on a generous 0.41-acre level lot, providing a private backyard retreat with no HOA. Ideally located with easy access to shopping, local parks, and I-20. Don't miss this opportunity to own a piece of Stonecrest at an incredible value.

16. 2026-03-31
    listed $214,900 New 547-char remark

    Show marketing remark (547 chars)

    Welcome to this charming two-story traditional home tucked away in a quiet cul-de-sac in the heart of the Willowbrook subdivision. Featuring 4 spacious bedrooms and 2 full baths, this 1,630 sq. ft. residence offers the perfect footprint for a primary residence or a high-yield long-term rental. The property sits on a generous 0.41-acre level lot, providing a private backyard retreat with no HOA. Ideally located with easy access to shopping, local parks, and I-20. Don't miss this opportunity to own a piece of Stonecrest at an incredible value.

17. 2026-02-28
    historical
18. 2026-01-26
    price $189,900
19. 2025-10-02
    price $198,900
20. 2025-09-24
    price $205,900
21. 2025-09-12
    price $210,900
22. 2025-09-03
    price $217,900
23. 2025-08-15
    listed $224,900 New
24. 2017-06-01
    soldstatus $11,569,148
25. 2002-12-09
    soldstatus $119,200
26. 1986-04-03
    soldstatus $60,300

ⓘ 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: $4,051 · $338/mo
• Projected year-2 tax: $4,051 · $338/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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% 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: $22,059
• − Mortgage interest: −$10,077
• − Property taxes: −$4,051
• − Insurance: −$900
• − Repairs & maintenance: −$1,765
• − Management: −$1,765
• − Depreciation: −$5,233
• Taxable loss: −$1,732
• Est. tax savings @ 24.0%: +$416
• After-tax cash flow: $1,570/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

• Census place: Stonecrest, GA
• County: Dekalb County · 782,738 people
• City population: 106,165
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 43,776
• Household income: $73,694
• Rent vs Own: 35.3% rent · 64.7% own
• Severe rent burden: 1168.0

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 (84%)
• Race & ethnicity: Black 84% Two or more races 10% Hispanic / Latino 5% White 4% Asian 1%
• Foreign-born: 12% · Canada, China
• Languages at home: 90% English-only · Spanish 5% French/Haitian/Cajun 1% Other Indo-European 0%

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: ▼ -74.98%
• Current HPI: 192.8328
• Rent YoY: ▲ 4.60%
• 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

+223.2% since first listed

13 events — show timeline

• 2026-05-14 Price Changed $194,900 GAMLS
• 2026-04-21 Price Changed $199,900 GAMLS
• 2026-03-31 Listed $214,900 GAMLS
• 2026-02-28 Listing Removed — GAMLS
• 2026-01-26 Price Changed $189,900 GAMLS
• 2025-10-02 Price Changed $198,900 GAMLS
• 2025-09-24 Price Changed $205,900 GAMLS
• 2025-09-12 Price Changed $210,900 GAMLS
• 2025-09-03 Price Changed $217,900 GAMLS
• 2025-08-15 Listed $224,900 GAMLS
• 2017-06-01 Sold (Public Records) $11,569,148 Public Records
• 2002-12-09 Sold (Public Records) $119,200 Public Records
• 1986-04-03 Sold (Public Records) $60,300 Public Records

Property tax history

+7.6%/yr

Latest (2025): $4,051 · +0.7% YoY. Source: county tax records.