409 Lanier St NW · Atlanta, GA 30318

$175,000

3 bd · 1.0 ba · 1,350 sqft · SingleFamily public records · 191 Days on market

Built 1935 7,492 sqft lot $130/sqft · 30% below area Est $248k · 30% under

---

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 +20.9/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.6/10.0
• Livability +4.2/5.0
• Rent growth +3.3/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fantastic Investment Opportunity in Grove Park! This Charming Ranch offers 2 Bedrooms, 2 Bathrooms, with the Potential to Add an Additional Bedroom and Bathroom Downstairs, and an enclosed front Flex Space, and is already about 50% Renovated the perfect chance for an Investor to step in and complete the project to their liking. Inside, you'll find an Open Kitchen, Dining, and Fireside Living Room layout with great natural light and updated Windows throughout. The Kitchen features newer Cabinetry already installed and a spacious footprint ready for finishing touches. Both Bedrooms are generous in size, and the Bathrooms have begun their updates as well. The Unfinished Basement offers incredible value-add flexibility expand the home's footprint, create additional living space, or build out a full lower-level suite for increased rental income or resale value. Located just Minutes from Downtown Atlanta, Westside Park, the Atlanta BeltLine, MARTA West Lake Station, Mercedes-Benz Stadium, GA Tech, and a growing collection of Parks, Dining, Breweries, and Shopping throughout Grove Park, West End, and West Midtown. Enjoy Easy Highway Access for a quick commute to the Airport and beyond. Don't miss your chance to secure a Fantastic Income-Generating Property in one of Atlanta's fastest-growing pockets finish the renovation and watch your investment thrive!

Key facts

• 50% renovated
• Updated windows
• Charming ranch

Tags

• CHARMING RANCH
• ENCLOSED FRONT FLEX SPACE
• 50% RENOVATED
• OPEN KITCHEN
• UPDATED WINDOWS
• NEWER CABINETRY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

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 $175k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 3.1% in Atlanta — 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 83/100 on livability (#6 in GA, #919 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, housing A+; Watch: schools C-, cost of living C-.
• Atlanta Public Schools (urban): math 28% / reading 35% proficiency, ranked #80 of 174 in GA (top 46%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.3%/yr); 732 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 11,565 units permitted in Fulton County in 2024 (8,159 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.
• Fulton County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 191 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 19 sale attempts since 13y 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 $70k; list at $175k implies a 150% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1935 — expect roof / HVAC / electrical / plumbing capex.
• 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 $154,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 191 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1935 — 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. 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: 1.06% ✓
• Cap rate: 7.97%
• Cash-on-cash: 5.98%
• DSCR: 1.27
• GRM: 7.8

CMA / ARV

• ARV (median comp): $248,451
• List price: $175,000
• Delta: -29.56%
• 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
438 Holly St NW	0.10mi	3/2.0	1,302 (-4%)	8mo	$275,000	$211	79
1466 Andrews St NW	0.47mi	3/2.5	1,344 (-0%)	1mo	$260,000	$193	71
1708 Detroit Ave NW	0.32mi	4/1.5 (+1)	1,282 (-5%)	6mo	$170,000	$133	65
1722 Detroit Ave NW	0.30mi	3/1.5	1,218 (-10%)	4mo	$240,000	$197	64
1400 North Ave NW	0.35mi	3/2.0	1,228 (-9%)	6mo	$270,000	$220	59
1824 Tiger Flowers Dr NW	0.63mi	3/2.0	1,400 (+4%)	4mo	$309,000	$221	57
1827 North Ave NW	0.46mi	3/1.5	1,520 (+13%)	3mo	$167,000	$110	53
56 Gardenia Dr NW	0.67mi	3/1.0	1,221 (-10%)	7mo	$110,000	$90	47
30 Holly Rd NW	0.72mi	3/2.0	1,503 (+11%)	0mo	$395,000	$263	43
41 Spring Ln NW	0.68mi	4/3.0 (+1)	1,400 (+4%)	7mo	$275,000	$196	43
1901 Maywood Pl NW	0.72mi	3/2.0	1,201 (-11%)	4mo	$235,000	$196	41
195 Burbank Dr NW	0.73mi	3/2.0	1,512 (+12%)	8mo	$340,000	$225	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 · 3.26% rent growth · sell at horizon

5-year hold

• IRR: -6.8%
• Equity multiple: 0.75×
• Total profit: $-12,290
• Equity at exit: $26,093

10-year hold

• IRR: 3.2%
• Equity multiple: 1.23×
• Total profit: $11,474
• Equity at exit: $15,131

Cash invested: $49,000 (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 30318

• Rents YoY: 3.3%
• Active inventory: 732
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,859 high
• Mortgage (P&I): −$918
• Tax from tax record: −$234 /mo · $2,803/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $244

Break-even live

Break-even rent $1,550

Max offer price $175,000

Occupancy floor 82%

Sensitivity live

Price	-10% $343	-5% $294	+0% $244	+5% $195	+10% $145
Rent	-10% $97	-5% $171	+0% $244	+5% $317	+10% $391
Rate	-1.0pp $332	-0.5pp $289	base $244	+0.5pp $199	+1.0pp $153

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1595 Carlisle St NW Unit 1 Atlanta, GA	2.0	1.0	900	$1,200	$1.33	25d	1	0.06mi
427 Holly St NW Atlanta, GA	2.0	2.0	900	$2,100	$2.33	25d	1	0.11mi
390 W Lake Ave NW Unit B9 Atlanta, GA	2.0	1.5	1256	$1,275	$1.02	25d	1	0.21mi
390 W Lake Ave NW Apt A1 Atlanta, GA	3.0	1.5	1256	$1,299	$1.03	25d	1	0.21mi
390 W Lake Ave NW Unit A10 Atlanta, GA	3.0	1.5	1256	$1,275	$1.02	25d	1	0.21mi
280 Holly Rd NW Unit B Atlanta, GA	2.0	2.0	1100	$1,650	$1.50	25d	1	0.21mi
1448 Rome Dr NW Unit 1448 Atlanta, GA	3.0	2.5	1400	$2,300	$1.64	14d	1	0.30mi
557 W Lake Ave NW Atlanta, GA	1.0–3.0	1.0–2.0	1190	$1,556	$1.31	6d	9	0.35mi
636 Francis Pl NW Unit A Atlanta, GA	2.0	2.0	1380	$1,800	$1.30	25d	1	0.43mi
557 Chappell Rd NW Atlanta, GA	3.0	2.0	1264	$1,850	$1.46	6d	1	0.43mi
195 W Lake Ave NW Unit 1 Atlanta, GA	3.0	2.0	1245	$2,850	$2.29	0d	1	0.49mi
195 W Lake Ave NW Unit 1 Atlanta, GA	3.0	2.0	1245	$2,654	$2.13	25d	1	0.49mi
1770 Springview Rd NW Atlanta, GA	3.0	2.0	1262	$2,000	$1.58	25d	1	0.51mi
1894 North Ave NW Atlanta, GA	2.0	1.5	1098	$1,995	$1.82	25d	1	0.62mi
66 Holly Rd NW Atlanta, GA	3.0	2.5	1632	$2,228	$1.37	3d	1	0.62mi
725 Matilda Pl NW Atlanta, GA	2.0	1.0	1225	$1,450	$1.18	25d	1	0.64mi
1916 Joseph E. Boone Blvd NW Unit B Atlanta, GA	2.0	1.0	1000	$1,195	$1.20	25d	1	0.65mi
1916 Joseph E. Boone Blvd NW Unit A Atlanta, GA	3.0	1.0	1100	$1,550	$1.41	22d	1	0.65mi
687 S Evelyn Pl NW Atlanta, GA	3.0	2.5	1200	$1,943	$1.62	0d	1	0.66mi
1948 Detroit Ave NW Unit A Atlanta, GA	3.0	2.5	1205	$1,900	$1.58	25d	1	0.68mi
1332 Akridge St NW Atlanta, GA	3.0	2.0	1400	$1,775	$1.27	25d	1	0.69mi
511 Emily Pl NW Atlanta, GA	3.0	1.0	1101	$1,745	$1.58	25d	1	0.73mi
308 Anderson Ave NW Unit A Atlanta, GA	4.0	3.0	1250	$2,200	$1.76	25d	1	0.74mi
120 Burbank Dr NW Atlanta, GA	3.0	2.0	1331	$1,795	$1.35	25d	1	0.75mi
29 Chappell Rd NW Atlanta, GA	3.0	2.0	1670	$1,953	$1.17	23d	1	0.83mi
0 W Lake Ave NW Atlanta, GA	3.0	2.5	1300	$1,900	$1.46	3d	1	0.87mi
1839 Penelope Rd NW Atlanta, GA	3.0	1.0	988	$1,400	$1.42	25d	1	0.95mi
2060 Baker Rd NW Atlanta, GA	2.0	2.0	1436	$2,100	$1.46	5d	1	0.97mi
714 Emily Pl NW Atlanta, GA	3.0	2.0	1492	$2,700	$1.81	4d	1	0.97mi
5 Burbank Dr SW Unit B Atlanta, GA	2.0	1.0	1000	$1,300	$1.30	18d	1	0.99mi
15 Burbank Dr SW Unit 3 Atlanta, GA	2.0	1.0	900	$1,350	$1.50	12d	1	1.01mi
24 S Eugenia Pl NW Atlanta, GA	4.0	2.5	1410	$1,725	$1.22	25d	1	1.02mi
1064 Westmoor Dr NW Atlanta, GA	3.0	3.0	1770	$2,300	$1.30	25d	1	1.04mi
2111 Martin Luther King Junior Dr NW Atlanta, GA	3.0	1.0	1470	$1,800	$1.22	25d	1	1.06mi
176 Racine St SW Atlanta, GA	3.0	2.0	1423	$2,800	$1.97	25d	1	1.08mi
198 Wellington St SW Atlanta, GA	3.0	2.5	1787	$2,700	$1.51	25d	1	1.11mi
1005 Westmoor Dr NW Unit A Atlanta, GA	4.0	2.0	1348	$1,695	$1.26	25d	1	1.14mi
273 Wadley St NW Atlanta, GA	3.0	2.0	1406	$1,990	$1.42	25d	1	1.20mi
1004 Desoto St NW Atlanta, GA	3.0	2.0	1550	$1,995	$1.29	25d	1	1.22mi
2199 Tiger Flowers Dr NW Atlanta, GA	3.0	1.0	936	$1,325	$1.42	25d	1	1.23mi

Listing history 50 events

1. 2026-06-13
   statusdays on market $175,000 Pending 191 DOM
2. 2026-06-09
   days on market $175,000 Active 189 DOM
3. 2026-06-08
   days on market $175,000 Active 188 DOM
4. 2026-06-07
   days on market $175,000 Active 187 DOM
5. 2026-06-04
   days on market $175,000 Active 184 DOM
6. 2026-06-03
   days on market $175,000 Active 183 DOM
7. 2026-06-02
   days on market $175,000 Active 182 DOM
8. 2026-06-01
   days on market $175,000 Active 181 DOM
9. 2026-05-31
   days on market $175,000 Active 180 DOM
10. 2026-05-13
    status Active 1369-char remark

    Show marketing remark (1369 chars)

    Fantastic Investment Opportunity in Grove Park! This Charming Ranch offers 2 Bedrooms, 2 Bathrooms, with the Potential to Add an Additional Bedroom and Bathroom Downstairs, and an enclosed front Flex Space, and is already about 50% Renovated the perfect chance for an Investor to step in and complete the project to their liking. Inside, you'll find an Open Kitchen, Dining, and Fireside Living Room layout with great natural light and updated Windows throughout. The Kitchen features newer Cabinetry already installed and a spacious footprint ready for finishing touches. Both Bedrooms are generous in size, and the Bathrooms have begun their updates as well. The Unfinished Basement offers incredible value-add flexibility expand the home's footprint, create additional living space, or build out a full lower-level suite for increased rental income or resale value. Located just Minutes from Downtown Atlanta, Westside Park, the Atlanta BeltLine, MARTA West Lake Station, Mercedes-Benz Stadium, GA Tech, and a growing collection of Parks, Dining, Breweries, and Shopping throughout Grove Park, West End, and West Midtown. Enjoy Easy Highway Access for a quick commute to the Airport and beyond. Don't miss your chance to secure a Fantastic Income-Generating Property in one of Atlanta's fastest-growing pockets finish the renovation and watch your investment thrive!

11. 2026-05-13
    status Back On Market 1369-char remark

    Show marketing remark (1369 chars)

    Fantastic Investment Opportunity in Grove Park! This Charming Ranch offers 2 Bedrooms, 2 Bathrooms, with the Potential to Add an Additional Bedroom and Bathroom Downstairs, and an enclosed front Flex Space, and is already about 50% Renovated the perfect chance for an Investor to step in and complete the project to their liking. Inside, you'll find an Open Kitchen, Dining, and Fireside Living Room layout with great natural light and updated Windows throughout. The Kitchen features newer Cabinetry already installed and a spacious footprint ready for finishing touches. Both Bedrooms are generous in size, and the Bathrooms have begun their updates as well. The Unfinished Basement offers incredible value-add flexibility expand the home's footprint, create additional living space, or build out a full lower-level suite for increased rental income or resale value. Located just Minutes from Downtown Atlanta, Westside Park, the Atlanta BeltLine, MARTA West Lake Station, Mercedes-Benz Stadium, GA Tech, and a growing collection of Parks, Dining, Breweries, and Shopping throughout Grove Park, West End, and West Midtown. Enjoy Easy Highway Access for a quick commute to the Airport and beyond. Don't miss your chance to secure a Fantastic Income-Generating Property in one of Atlanta's fastest-growing pockets finish the renovation and watch your investment thrive!

12. 2025-12-16
    status Under Contract 1369-char remark

    Show marketing remark (1369 chars)

    Fantastic Investment Opportunity in Grove Park! This Charming Ranch offers 2 Bedrooms, 2 Bathrooms, with the Potential to Add an Additional Bedroom and Bathroom Downstairs, and an enclosed front Flex Space, and is already about 50% Renovated the perfect chance for an Investor to step in and complete the project to their liking. Inside, you'll find an Open Kitchen, Dining, and Fireside Living Room layout with great natural light and updated Windows throughout. The Kitchen features newer Cabinetry already installed and a spacious footprint ready for finishing touches. Both Bedrooms are generous in size, and the Bathrooms have begun their updates as well. The Unfinished Basement offers incredible value-add flexibility expand the home's footprint, create additional living space, or build out a full lower-level suite for increased rental income or resale value. Located just Minutes from Downtown Atlanta, Westside Park, the Atlanta BeltLine, MARTA West Lake Station, Mercedes-Benz Stadium, GA Tech, and a growing collection of Parks, Dining, Breweries, and Shopping throughout Grove Park, West End, and West Midtown. Enjoy Easy Highway Access for a quick commute to the Airport and beyond. Don't miss your chance to secure a Fantastic Income-Generating Property in one of Atlanta's fastest-growing pockets finish the renovation and watch your investment thrive!

13. 2025-12-16
    historical Active Under Contract 1369-char remark

    Show marketing remark (1369 chars)

    Fantastic Investment Opportunity in Grove Park! This Charming Ranch offers 2 Bedrooms, 2 Bathrooms, with the Potential to Add an Additional Bedroom and Bathroom Downstairs, and an enclosed front Flex Space, and is already about 50% Renovated the perfect chance for an Investor to step in and complete the project to their liking. Inside, you'll find an Open Kitchen, Dining, and Fireside Living Room layout with great natural light and updated Windows throughout. The Kitchen features newer Cabinetry already installed and a spacious footprint ready for finishing touches. Both Bedrooms are generous in size, and the Bathrooms have begun their updates as well. The Unfinished Basement offers incredible value-add flexibility expand the home's footprint, create additional living space, or build out a full lower-level suite for increased rental income or resale value. Located just Minutes from Downtown Atlanta, Westside Park, the Atlanta BeltLine, MARTA West Lake Station, Mercedes-Benz Stadium, GA Tech, and a growing collection of Parks, Dining, Breweries, and Shopping throughout Grove Park, West End, and West Midtown. Enjoy Easy Highway Access for a quick commute to the Airport and beyond. Don't miss your chance to secure a Fantastic Income-Generating Property in one of Atlanta's fastest-growing pockets finish the renovation and watch your investment thrive!

14. 2025-12-02
    listed $175,000 New 1369-char remark

    Show marketing remark (1369 chars)

    Fantastic Investment Opportunity in Grove Park! This Charming Ranch offers 2 Bedrooms, 2 Bathrooms, with the Potential to Add an Additional Bedroom and Bathroom Downstairs, and an enclosed front Flex Space, and is already about 50% Renovated the perfect chance for an Investor to step in and complete the project to their liking. Inside, you'll find an Open Kitchen, Dining, and Fireside Living Room layout with great natural light and updated Windows throughout. The Kitchen features newer Cabinetry already installed and a spacious footprint ready for finishing touches. Both Bedrooms are generous in size, and the Bathrooms have begun their updates as well. The Unfinished Basement offers incredible value-add flexibility expand the home's footprint, create additional living space, or build out a full lower-level suite for increased rental income or resale value. Located just Minutes from Downtown Atlanta, Westside Park, the Atlanta BeltLine, MARTA West Lake Station, Mercedes-Benz Stadium, GA Tech, and a growing collection of Parks, Dining, Breweries, and Shopping throughout Grove Park, West End, and West Midtown. Enjoy Easy Highway Access for a quick commute to the Airport and beyond. Don't miss your chance to secure a Fantastic Income-Generating Property in one of Atlanta's fastest-growing pockets finish the renovation and watch your investment thrive!

15. 2025-12-02
    listed $175,000 Active 1369-char remark

    Show marketing remark (1369 chars)

    Fantastic Investment Opportunity in Grove Park! This Charming Ranch offers 2 Bedrooms, 2 Bathrooms, with the Potential to Add an Additional Bedroom and Bathroom Downstairs, and an enclosed front Flex Space, and is already about 50% Renovated the perfect chance for an Investor to step in and complete the project to their liking. Inside, you'll find an Open Kitchen, Dining, and Fireside Living Room layout with great natural light and updated Windows throughout. The Kitchen features newer Cabinetry already installed and a spacious footprint ready for finishing touches. Both Bedrooms are generous in size, and the Bathrooms have begun their updates as well. The Unfinished Basement offers incredible value-add flexibility expand the home's footprint, create additional living space, or build out a full lower-level suite for increased rental income or resale value. Located just Minutes from Downtown Atlanta, Westside Park, the Atlanta BeltLine, MARTA West Lake Station, Mercedes-Benz Stadium, GA Tech, and a growing collection of Parks, Dining, Breweries, and Shopping throughout Grove Park, West End, and West Midtown. Enjoy Easy Highway Access for a quick commute to the Airport and beyond. Don't miss your chance to secure a Fantastic Income-Generating Property in one of Atlanta's fastest-growing pockets finish the renovation and watch your investment thrive!

16. 2019-02-06
    status Pending
17. 2018-11-29
    soldstatus $70,000 Closed
18. 2018-11-29
    soldstatus $70,000 Sold
19. 2018-07-11
    status Under Contract
20. 2018-07-11
    status Pending
21. 2018-07-03
    status Back on Market
22. 2018-07-03
    status Active
23. 2018-05-31
    status Pending
24. 2018-05-21
    status Under Contract
25. 2018-05-21
    historical Contingent - Due Diligence
26. 2018-03-21
    status Back on Market
27. 2018-03-21
    status Active
28. 2018-03-13
    status Pending
29. 2018-02-23
    status Under Contract
30. 2018-02-23
    historical Contingent - Due Diligence
31. 2018-02-16
    status Back on Market
32. 2018-02-16
    status Active
33. 2018-02-16
    status Under Contract
34. 2018-02-16
    status Pending
35. 2018-02-09
    status Back on Market
36. 2018-02-09
    status Active
37. 2018-01-08
    historical Contingent - Due Diligence
38. 2017-12-22
    status Under Contract
39. 2017-12-14
    status Pending Offer Approval
40. 2017-12-14
    status Pending Offer Approval
41. 2017-11-15
    status Back on Market
42. 2017-11-15
    listed $35,000 Active
43. 2017-10-21
    historical
44. 2017-10-20
    status Back on Market
45. 2017-05-10
    status Under Contract
46. 2017-05-02
    status Back on Market
47. 2017-04-21
    status Under Contract
48. 2016-10-13
    status Back on Market
49. 2016-10-03
    status Under Contract
50. 2016-04-23
    price $35,000

ⓘ 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: $2,803 · $234/mo
• Projected year-2 tax: $2,803 · $234/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 ≥103°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,303
• − Mortgage interest: −$9,803
• − Property taxes: −$2,803
• − Insurance: −$875
• − Repairs & maintenance: −$1,784
• − Management: −$1,784
• − Depreciation: −$5,091
• Taxable income: $163
• Est. tax owed @ 24.0%: −$39
• After-tax cash flow: $2,889/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: Atlanta Public Schools
• NCES district ID: 1300120
• Math proficiency: 28% ▼ -6.00%
• Reading proficiency: 35% ▼ -2.00%
• Median HH income: $48,306
• Composite: 27.27/100
• National rank: #7006
• State rank: #80 of 174 in GA

Livability — Atlanta

• Score: 83/100
• State rank: #6
• US rank: #919

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Atlanta, GA
• County: Fulton County · 1,094,430 people
• City population: 629,525
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 59,609
• Household income: $83,116
• Rent vs Own: 58.6% rent · 41.4% own
• Severe rent burden: 4182.0

Population outlook (Fulton County) Hauer SSP2

• Today (2025): 1,203,707 people
• By 2030: 1,299,706 · +8.0%
• By 2040: 1,488,256 · +23.6%
• By 2050: 1,664,580 · +38.3%
• By 2075: 2,036,072 · +69.2%
• By 2100: 2,222,402 · +84.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Black 49% White 35% Hispanic / Latino 7% Two or more races 6% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 1%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 88% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 1%

Political lean MEDSL · Fulton

• 2024 margin: Solid D (+44.9) · D 71.9% · R 27.0% · Other 1.1%
• 2008→2024 swing: +9.8pp toward D · 2008: 35.0pp · 2024: 44.9pp
• All cycles: 2024: D+44.9 2020: D+46.4 2016: D+42.1 2012: D+29.6 2008: D+35.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -470.82%
• Current HPI: 224.1493
• Rent YoY: ▲ 3.26%
• 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

+1066.7% since first listed

48 events — show timeline

• 2026-05-13 Relisted — FMLS
• 2026-05-13 Relisted — GAMLS
• 2025-12-16 Pending — GAMLS
• 2025-12-16 Contingent — FMLS
• 2025-12-02 Listed $175,000 FMLS
• 2025-12-02 Listed $175,000 GAMLS
• 2019-02-06 Pending — FMLS
• 2018-11-29 Sold (MLS) $70,000 GAMLS
• 2018-11-29 Sold (MLS) $70,000 FMLS
• 2018-07-11 Pending — GAMLS
• 2018-07-11 Pending — FMLS
• 2018-07-03 Relisted — GAMLS
• 2018-07-03 Relisted — FMLS
• 2018-05-31 Pending — FMLS
• 2018-05-21 Pending — GAMLS
• 2018-05-21 Contingent — FMLS
• 2018-03-21 Relisted — GAMLS
• 2018-03-21 Relisted — FMLS
• 2018-03-13 Pending — FMLS
• 2018-02-23 Pending — GAMLS
• 2018-02-23 Contingent — FMLS
• 2018-02-16 Relisted — GAMLS
• 2018-02-16 Relisted — FMLS
• 2018-02-16 Pending — GAMLS
• 2018-02-16 Pending — FMLS
• 2018-02-09 Relisted — GAMLS
• 2018-02-09 Relisted — FMLS
• 2018-01-08 Contingent — FMLS
• 2017-12-22 Pending — GAMLS
• 2017-12-14 Pending — GAMLS
• 2017-12-14 Pending — FMLS
• 2017-11-15 Relisted — GAMLS
• 2017-11-15 Listed $35,000 FMLS
• 2017-10-21 Listing Removed — GAMLS
• 2017-10-20 Relisted — GAMLS
• 2017-05-10 Pending — GAMLS
• 2017-05-02 Relisted — GAMLS
• 2017-04-21 Pending — GAMLS
• 2016-10-13 Relisted — GAMLS
• 2016-10-03 Pending — GAMLS
• 2016-04-23 Price Changed $35,000 GAMLS
• 2016-04-11 Listed $225,000 GAMLS
• 2013-07-12 Listing Removed — FMLS
• 2013-07-06 Pending — FMLS
• 2013-06-28 Sold (MLS) $9,000 FMLS
• 2013-05-18 Price Changed $9,000 FMLS
• 2013-02-21 Price Changed $10,000 FMLS
• 2013-02-19 Listed $15,000 FMLS

Property tax history

+6.3%/yr

Latest (2025): $2,803 · +3.1% YoY. Source: county tax records.