6437 Stone Way · Morrow, GA 30260

$118,000

2 bd · 2.0 ba · 1,344 sqft · Condo public records · 81 Days on market

Built 1972 $220/mo HOA · 14% of rent ↓ 16% since listing

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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 +25.6/30.0
• DSCR +8.5/10.0
• 1% rule +8.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

Key facts

• $220 HOA
• Parking
• Built 1972

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $118k.

Deal economics

• At list price, monthly cash flow is $279 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $118k).
• Recommended offer: $111k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.1% vs local median 5.0% 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: Morrow Elementary School (454 students, 90% FRL); Babb Middle School (math 24% / reading 34%, grade F, #249 of 470 statewide, top 55%, 888 students, 90% FRL); Charles R. Drew High School (math 8% / reading 22%, grade F, #297 of 424 statewide, top 74%, 1,652 students, 91% FRL).
• Market conditions: Rents soft (-1.0%/yr); 166 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 20d 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 35% of the median local income ($53k/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 $816 of loan paydown is wiped out by about $4k 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 81 days — a 6% lower offer ($111k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts 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: 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 $110,920 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.30% ✓
• Cap rate: 9.13%
• Cash-on-cash: 10.12%
• DSCR: 1.45
• GRM: 6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -4.8%
• Equity multiple: 0.83×
• Total profit: $-5,764
• Equity at exit: $17,594

10-year hold

• IRR: 0.5%
• Equity multiple: 1.03×
• Total profit: $890
• Equity at exit: $10,202

Cash invested: $33,040 (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 30260

• Home prices YoY: -33.8%
• Rents YoY: -1.0%
• Active inventory: 166
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,529 high
• Mortgage (P&I): −$619
• Tax from tax record: −$42 /mo · $498/yr
• Insurance: −$49
• HOA: −$220
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $279

Break-even live

Break-even rent $1,177

Max offer price $118,000

Occupancy floor 77%

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: $29,500
• Closing costs: $3,540
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1327 Woodstone Ter Unit 1327 Morrow, GA	2.0	2.0	1344	$1,500	$1.12	24d	1	0.08mi
1327 Woodstone Ter Morrow, GA	2.0	2.0	1344	$1,600	$1.19	24d	1	0.08mi
1227 Dove Ct Morrow, GA	3.0	2.0	1634	$1,750	$1.07	44d	1	0.16mi
6290 Flamingo Way Morrow, GA	3.0	1.5	1152	$1,495	$1.30	44d	1	0.26mi
1270 Morrow Rd Morrow, GA	3.0	2.0	1161	$1,800	$1.55	44d	1	0.28mi
6273 Graceland Cir Morrow, GA	2.0	2.0	1657	$1,695	$1.02	21d	1	0.41mi
6548 King George Way Morrow, GA	2.0	2.0	1100	$1,295	$1.18	44d	1	0.63mi
6252 N Lee St Apt 54 Morrow, GA	2.0	1.0	900	$1,249	$1.39	24d	1	0.68mi
6252 N Lee St Unit 56 Morrow, GA	2.0	1.0	900	$1,279	$1.42	3d	1	0.68mi
6252 N Lee St Unit 42 Morrow, GA	2.0	1.0	900	$1,249	$1.39	3d	1	0.68mi
6252 N Lee St Unit 30 Morrow, GA	2.0	1.0	900	$1,279	$1.42	24d	1	0.68mi
6252 N Lee St Morrow, GA	1.0–2.0	1.0	850	$1,279	$1.50	5d	3	0.69mi
6616 King George Way Morrow, GA	3.0	2.0	1200	$1,600	$1.33	44d	1	0.77mi
985 Mount Zion Rd Morrow, GA	2.0–3.0	1.5–2.0	1157	$1,051	$0.91	2d	9	0.92mi
855 Mount Zion Rd Apt C1 Jonesboro, GA	3.0	1.5	1280	$1,199	$0.94	5d	1	0.97mi
855 Mount Zion Rd Apt G6 Jonesboro, GA	2.0	1.5	1159	$1,249	$1.08	5d	1	0.98mi
855 Mount Zion Rd Apt E2 Jonesboro, GA	2.0	1.5	1159	$999	$0.86	5d	1	0.99mi
850 Mount Zion Rd Jonesboro, GA	2.0–3.0	1.0–1.5	1040	$1,032	$0.99	1d	7	0.99mi
855 Mount Zion Rd Jonesboro, GA	2.0–3.0	1.5	1219	$999	$0.82	15d	5	1.01mi
855 Mount Zion Rd Jonesboro, GA	2.0	1.5	1159	$1,249	$1.08	44d	1	1.01mi
956 Slash Pine Rd Unit 2 Forest Park, GA	2.0	1.0	1134	$1,150	$1.01	13d	1	1.01mi
1811 Wendell Way Morrow, GA	3.0	2.0	1285	$1,574	$1.22	22d	1	1.02mi
6577 Ardmoor Dr Jonesboro, GA	3.0	2.0	1286	$1,700	$1.32	44d	1	1.20mi
701 Mt Zion Rd Jonesboro, GA	2.0–3.0	1.5–2.0	1136	$1,315	$1.16	3d	8	1.24mi
1932 Carla Dr Morrow, GA	3.0	2.0	1324	$1,730	$1.31	2d	1	1.24mi
752 Georgetown Ct Jonesboro, GA	3.0	2.5	1548	$1,680	$1.09	5d	1	1.28mi
6726 Tara Blvd Jonesboro, GA	3.0	1.0–2.5	1147	$1,299	$1.13	13d	1	1.30mi
6137 Harvard Ct Morrow, GA	3.0	2.0	1320	$1,556	$1.18	22d	1	1.33mi
7000 Southlake Pkwy Morrow, GA	1.0–2.0	1.0–2.0	927	$1,394	$1.50	2d	9	1.34mi
686 Morrow Rd Forest Park, GA	3.0	2.0	1320	$1,950	$1.48	18d	1	1.35mi
686 Morrow Rd Forest Park, GA	3.0	2.0	1400	$1,950	$1.39	24d	1	1.35mi
681 Mount Zion Rd Jonesboro, GA	1.0	1.0	985	$775	$0.79	20d	1	1.37mi
672 Georgetown Ct Jonesboro, GA	3.0	2.5	1700	$1,700	$1.00	44d	1	1.41mi
626 Hickory Ct Forest Park, GA	3.0	2.0	1664	$1,595	$0.96	3d	1	1.41mi

HOA detail condo

• Monthly dues: $220 · $2,640/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 27 events

1. 2026-04-28
   status Under Contract 979-char remark

   Show marketing remark (979 chars)

   Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

2. 2026-04-28
   status Pending

   Show marketing remark (979 chars)

   Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

3. 2026-04-18
   status Back On Market 979-char remark

   Show marketing remark (979 chars)

   Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

4. 2026-04-18
   status Active

   Show marketing remark (979 chars)

   Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

5. 2026-04-15
   status Pending

   Show marketing remark (979 chars)

   Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

6. 2026-04-15
   status Under Contract 979-char remark

   Show marketing remark (979 chars)

   Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

7. 2026-04-03
   status Back On Market 979-char remark

   Show marketing remark (979 chars)

   Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

8. 2026-04-03
   status Active

   Show marketing remark (979 chars)

   Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

9. 2026-03-18
   historical Active Under Contract 979-char remark

   Show marketing remark (979 chars)

   Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

10. 2026-03-12
    historical Active Under Contract
11. 2026-02-04
    listed $118,000 Active

    Show marketing remark (979 chars)

    Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

12. 2026-02-04
    listed $118,000 New 979-char remark

    Show marketing remark (979 chars)

    Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

13. 2026-02-03
    historical $118,000 979-char remark

    Show marketing remark (979 chars)

    Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

14. 2026-02-03
    historical $118,000

    Show marketing remark (979 chars)

    Back on market, at no fault of the seller. If you have been looking for tranquil living while living near the exciting lifestyle that Atlanta has to offer, here's the home for you. This recently refreshed 2 Bedroom, 1.5 Bath Condo is just a stone's throw from shopping, restaurants and I-75, giving you unmatched convenience in regards to your commute. On the main floor, you'll have a bright, spacious living room, renovated kitchen with all new flooring and countertops and a large refurbished deck, perfect for dining or entertaining. Upstairs, two huge bedrooms - one with a walk-in closet and the other with two separate closet - connected by a Jack and Jill bathroom. Moreover, two extra closets for storage outside of the bedrooms and laundry conveniently placed so you'll never have to carry a basket up or down stairs again. In the basement, tons of potential and/or storage space, whichever works best for your lifestyle. Schedule a tour and come meet your future home!

15. 2025-12-31
    historical
16. 2025-11-08
    price $129,900
17. 2025-10-21
    price $139,900
18. 2025-09-26
    price $144,900
19. 2025-07-28
    price $149,900
20. 2025-07-01
    status Price Change
21. 2025-07-01
    price $154,500
22. 2025-06-30
    historical
23. 2025-06-04
    price $159,000
24. 2025-05-01
    status Back On Market
25. 2025-04-30
    historical
26. 2025-04-21
    price $165,000
27. 2025-03-07
    listed $140,000 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: $498 · $42/mo
• Projected year-2 tax: $1,086 · $90/mo
• Expected delta: +$587/yr (+$49/mo · 117.9%)

ⓘ 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 6/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,351
• − Mortgage interest: −$6,610
• − Property taxes: −$498
• − Insurance: −$590
• − Repairs & maintenance: −$1,468
• − Management: −$1,468
• − HOA: −$2,640
• − Depreciation: −$3,433
• Taxable income: $1,644
• Est. tax owed @ 24.0%: −$395
• After-tax cash flow: $2,949/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

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Morrow, GA
• County: Clayton County · 230,153 people
• City population: 28,693
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 28,693
• Household income: $52,666
• Rent vs Own: 52.6% rent · 47.4% own
• Severe rent burden: 1956.0

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 0.67)
• Race & ethnicity: Black 50% Asian 20% Hispanic / Latino 19% Two or more races 7% White 7%
• Hispanic origin (detail): Mexican 11% Dominican 1%
• Foreign-born: 24% · Vietnam, Canada, South Korea
• Languages at home: 63% English-only · Spanish 17% Vietnamese 16% Other Asian/Pacific 1%

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: ▼ -98.24%
• Current HPI: 192.3741
• Rent YoY: ▼ -1.00%
• 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

-15.7% since first listed

27 events — show timeline

• 2026-04-28 Pending — GAMLS
• 2026-04-28 Pending — FMLS
• 2026-04-18 Relisted — GAMLS
• 2026-04-18 Relisted — FMLS
• 2026-04-15 Pending — FMLS
• 2026-04-15 Pending — GAMLS
• 2026-04-03 Relisted — GAMLS
• 2026-04-03 Relisted — FMLS
• 2026-03-18 Contingent — GAMLS
• 2026-03-12 Contingent — FMLS
• 2026-02-04 Listed $118,000 FMLS
• 2026-02-04 Listed $118,000 GAMLS
• 2026-02-03 Coming Soon $118,000 GAMLS
• 2026-02-03 Coming Soon $118,000 FMLS
• 2025-12-31 Listing Removed — GAMLS
• 2025-11-08 Price Changed $129,900 GAMLS
• 2025-10-21 Price Changed $139,900 GAMLS
• 2025-09-26 Price Changed $144,900 GAMLS
• 2025-07-28 Price Changed $149,900 GAMLS
• 2025-07-01 Relisted — GAMLS
• 2025-07-01 Price Changed $154,500 GAMLS
• 2025-06-30 Listing Removed — GAMLS
• 2025-06-04 Price Changed $159,000 GAMLS
• 2025-05-01 Relisted — GAMLS
• 2025-04-30 Listing Removed — GAMLS
• 2025-04-21 Price Changed $165,000 GAMLS
• 2025-03-07 Listed $140,000 GAMLS

Property tax history

+18.7%/yr

Latest (2025): $498 · +3.5% YoY. Source: county tax records.