2837 Gresham Rd SE · Gresham Park, 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 2/10 · Minimal
- Est. fire insurance / yr
- $963 – $1,789
Heat risk 5/10 · Moderate
- Hot days now (above 104°F)
- 7 days/yr
- Hot days in 30 yrs
- 17 days/yr
Wind risk 5/10 · Moderate
- Chance of severe wind over 30 yrs
- 26.0%
Air-quality risk 5/10 · Moderate
- Unhealthy air days now
- 6 days/yr
- Unhealthy air days in 30 yrs
- 8 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 +24.4/30.0
- ARV discount +15.0/15.0
- DSCR +7.9/10.0
- 1% rule +5.3/10.0
- Livability +3.3/5.0
- Rent growth +3.1/5.0
- Condition / age +2.5/5.0
- Schools +2.1/10.0
- Appreciation +0.0/10.0
$199,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome home to this spacious three-bedroom, two-bath ranch offering over 1,500 square feet of comfortable living space. Nestled on a generous lot, this property features a large backyard complete with a charming courtyard, expansive deck, and an outbuilding that can serve as a shed, workshop, or additional storage. Inside, you'll find hardwood floors throughout the main living areas, with select rooms currently carpeted. The layout includes a separate dining room and an eat-in kitchen, providing both formal and casual dining options. The living room offers a welcoming space for gathering, while two ample secondary bedrooms provide flexibility for family, guests, or a home office. The massive primary suite is a true highlight, featuring a spacious sitting area and a large walk-in closet. The roof is less than five years old and the water heater is new and with great bones and a functional floor plan, this home is full of potential and simply needs vision and a little TLC to truly shine. Don't miss the opportunity to transform this ranch into something sp
Key facts
- Outbuilding
- Charming courtyard
- Separate dining room
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $199k.
Deal economics
- At list price, monthly cash flow is $406 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $199k).
- Recommended offer: $181k (9.0% below list) — sets the bar for market timing.
- Cap rate 8.7% vs local median 4.6% in Gresham Park — 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 66/100 on livability (#183 in GA) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, crime B+; Watch: amenities F, commute F, health & safety F.
- Dekalb County (suburban): math 19% / reading 28% proficiency, ranked #125 of 174 in GA (top 72%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
- Zoned schools: Oakcliff Elementary School (math 15% / reading 21%, grade F, #926 of 1,228 statewide, top 76%, 660 students, 94% FRL); Mcnair Middle School (math 5% / reading 8%, grade F, #457 of 470 statewide, top 98%, 857 students, 100% FRL); Mcnair High School (math 2% / reading 5%, grade F, #413 of 424 statewide, top 99%, 768 students, 100% FRL) — zoned schools average 98% FRL vs 68% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 9% at this address vs 24% district-wide (-14 pts) — the specific schools serving this property underperform the Dekalb County average; the district grade overstates school quality for this exact location.
- Market conditions: Rents rising (+2.3%/yr); 470 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); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,240 units permitted in DeKalb County in 2024 (385 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 109 days — a 9% lower offer ($181k) is reasonable based on typical stale-listing flexibility.
- 2 sale attempts; this cycle's ask has dropped $100k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: moderate wind risk, 26% 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 109 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
- 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
- 8.74%
- Cash-on-cash
- 8.74%
- DSCR
- 1.39
- GRM
- 8.1
CMA / ARV
- ARV (median comp)
- $326,317
- List price
- $199,000
- Delta
- -39.02%
- 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 |
|---|---|---|---|---|---|---|---|
| 2693 Larkspur Dr SE | 0.31mi | 3/2.0 | 1,654 (+6%) | 1mo | $321,000 | $194 | 75 |
| 1963 Wee Kirk Rd | 0.36mi | 3/1.5 | 1,498 (-4%) | 3mo | $169,900 | $113 | 72 |
| 1977 Wee Kirk Rd SE | 0.34mi | 3/2.0 | 1,522 (-3%) | 9mo | $275,000 | $181 | 72 |
| 1913 Flintwood Dr SE | 0.39mi | 3/1.5 | 1,554 (-1%) | 9mo | $205,000 | $132 | 71 |
| 1939 Yellow Finch Trl SE | 0.21mi | 3/2.5 | 1,738 (+11%) | 6mo | $467,000 | $269 | 65 |
| 1891 Sahara Dr SE | 0.21mi | 4/3.0 (+1) | 1,450 (-7%) | 5mo | $329,000 | $227 | 65 |
| 2765 Rollingwood Ln SE | 0.40mi | 3/1.5 | 1,453 (-7%) | 5mo | $157,000 | $108 | 63 |
| 2658 Rollingwood Ln SE | 0.34mi | 3/2.0 | 1,391 (-11%) | 7mo | $254,000 | $183 | 60 |
| 2042 Fargo Pl SE | 0.66mi | 3/2.0 | 1,651 (+6%) | 4mo | $245,000 | $148 | 57 |
| 2975 Rollingwood Ln SE | 0.55mi | 4/2.5 (+1) | 1,600 (+2%) | 8mo | $300,000 | $188 | 56 |
| 2996 Corral Dr SE | 0.48mi | 3/2.5 | 1,386 (-11%) | 4mo | $373,000 | $269 | 53 |
| 2552 Boulder Rd SE | 0.66mi | 4/3.0 (+1) | 1,680 (+7%) | 5mo | $315,000 | $188 | 44 |
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 · 2.33% rent growth · sell at horizon
- IRR
- -3.8%
- Equity multiple
- 0.86×
- Total profit
- $-7,831
- Equity at exit
- $29,672
- IRR
- 5.2%
- Equity multiple
- 1.37×
- Total profit
- $20,638
- Equity at exit
- $17,206
Cash invested: $55,720 (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 30316
- Rents YoY
- 2.3%
- Active inventory
- 470
- Price-to-rent
- 8.1×
Monthly cashflow live
- Estimated rent
- $2,052 high interval (Pro) →
- Mortgage (P&I)
- −$1,044
- Tax from tax record
- −$89 /mo · $1,063/yr
- Insurance
- −$83
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$431
- Net cashflow
- $406
Break-even live
Sensitivity live
| Price | -10% $519 | -5% $462 | +0% $406 | +5% $350 | +10% $293 |
|---|---|---|---|---|---|
| Rent | -10% $244 | -5% $325 | +0% $406 | +5% $487 | +10% $568 |
| Rate | -1.0pp $506 | -0.5pp $457 | base $406 | +0.5pp $354 | +1.0pp $302 |
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
- $49,750
- Closing costs
- $5,970
- 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 |
|---|---|---|---|---|---|---|---|---|
| 2842 Zane Grey Dr SE Atlanta, GA | 3.0 | 2.0 | 2225 | $2,065 | $0.93 | 3d | 1 | 0.17mi |
| 2892 Horse Shoe Dr SE Atlanta, GA | 4.0 | 2.0 | 1342 | $1,654 | $1.23 | 23d | 1 | 0.21mi |
| 2731 Larkspur Dr SE Atlanta, GA | 4.0 | 3.0 | 1492 | $2,000 | $1.34 | 45d | 1 | 0.21mi |
| 2913 Horse Shoe Dr SE Atlanta, GA | 3.0 | 1.0 | 1263 | $1,595 | $1.26 | 26d | 1 | 0.26mi |
| 2931 Cloverleaf Dr SE Atlanta, GA | 4.0 | 2.0 | 1371 | $1,985 | $1.45 | 6d | 1 | 0.30mi |
| 2884 Reveille Cir SE Atlanta, GA | 3.0 | 2.0 | 1437 | $2,050 | $1.43 | 45d | 1 | 0.37mi |
| 2019 Knight Ct Atlanta, GA | 4.0 | 2.0 | 1590 | $1,900 | $1.19 | 6d | 1 | 0.38mi |
| 1843 Wee Kirk Rd SE Atlanta, GA | 3.0 | 1.5 | 1154 | $1,751 | $1.52 | 1d | 1 | 0.48mi |
| 2739 Sherlock Dr Decatur, GA | 4.0 | 2.0 | 1763 | $1,886 | $1.07 | 45d | 1 | 0.56mi |
| 3054 Will Rogers Pl SE Atlanta, GA | 3.0 | 2.0 | 1050 | $2,600 | $2.48 | 45d | 1 | 0.58mi |
| 2679 Sherlock Dr Decatur, GA | 3.0 | 1.5 | 1173 | $1,650 | $1.41 | 45d | 1 | 0.62mi |
| 1757 Flintwood Dr SE Atlanta, GA | 3.0 | 2.0 | 1150 | $1,750 | $1.52 | 45d | 1 | 0.67mi |
| 2126 Rexford Dr Decatur, GA | 3.0 | 1.5 | 1092 | $1,400 | $1.28 | 45d | 1 | 0.72mi |
| 2692 Rockcliff Rd SE Atlanta, GA | 3.0 | 2.0 | 1239 | $2,000 | $1.61 | 45d | 1 | 0.73mi |
| 2480 Flat Shoals Rd Decatur, GA | 1.0–3.0 | 1.0–2.0 | 1017 | $2,149 | $2.11 | 3d | 23 | 0.85mi |
| 3190 Clifton Church Rd SE Atlanta, GA | 3.0 | 2.0 | 2004 | $1,818 | $0.91 | 26d | 1 | 0.90mi |
| 2000 Bouldercrest Rd Atlanta, GA | 1.0–3.0 | 1.0–2.0 | 1050 | $1,658 | $1.58 | 1d | 18 | 0.95mi |
| 2000 Bouldercrest Rd Atlanta, GA | 1.0–2.0 | 1.0–2.0 | 925 | $1,520 | $1.64 | 45d | 3 | 0.95mi |
| 2007 Candace Ln SE Atlanta, GA | 3.0 | 3.0 | 1943 | $2,250 | $1.16 | 45d | 1 | 0.97mi |
| 2959 Sugarcreek Ln SE Atlanta, GA | 4.0 | 2.5 | 1478 | $1,940 | $1.31 | 6d | 1 | 1.00mi |
| 2570 Castellan Dr Atlanta, GA | 3.0 | 2.5 | 1576 | $2,700 | $1.71 | 26d | 1 | 1.07mi |
| 2434 Rockcliff Rd SE Atlanta, GA | 3.0 | 2.0 | 1400 | $2,499 | $1.78 | 45d | 1 | 1.07mi |
| 2059 Oak Terrace Dr SE Atlanta, GA | 3.0 | 2.0 | 1606 | $2,055 | $1.28 | 6d | 1 | 1.14mi |
| 2614 Mills Commons Dr Decatur, GA | 4.0 | 2.5 | 1968 | $2,495 | $1.27 | 45d | 1 | 1.15mi |
| 2470 Corner Shoals Dr Decatur, GA | 3.0 | 2.0 | 1149 | $1,800 | $1.57 | 19d | 1 | 1.17mi |
| 2470 Corner Shoals Dr Decatur, GA | 3.0 | 2.0 | 1149 | $2,000 | $1.74 | 20d | 1 | 1.17mi |
| 1878 South Hampton Ln SE Atlanta, GA | 3.0 | 2.5 | 1890 | $2,616 | $1.38 | 26d | 1 | 1.18mi |
| 2435 Aylesbury Loop Decatur, GA | 1.0–3.0 | 1.0–2.0 | 937 | $1,509 | $1.61 | 5d | 12 | 1.18mi |
| 3220 Tarian Way Decatur, GA | 3.0 | 2.5 | 1572 | $2,200 | $1.40 | 14d | 1 | 1.19mi |
| 2435 Bouldercliff Way SE Unit B Atlanta, GA | 2.0 | 1.0 | 1236 | $1,600 | $1.29 | 45d | 1 | 1.21mi |
| 2435 Bouldercliff Way SE Atlanta, GA | 3.0 | 2.0 | 1236 | $1,950 | $1.58 | 45d | 1 | 1.21mi |
| 2612 Dawn Dr Decatur, GA | 4.0 | 3.0 | 1906 | $1,850 | $0.97 | 23d | 1 | 1.22mi |
| 2401 Dawn Ct Decatur, GA | 3.0 | 2.0 | 1350 | $1,950 | $1.44 | 17d | 1 | 1.24mi |
| 2510 Corner Shoals Dr Decatur, GA | 3.0 | 2.0 | 1065 | $1,723 | $1.62 | 22d | 1 | 1.27mi |
| 2283 Scotty Cir Decatur, GA | 3.0 | 2.0 | 1298 | $2,150 | $1.66 | 45d | 1 | 1.28mi |
| 3366 Tarian Way Decatur, GA | 3.0 | 2.5 | 1421 | $2,100 | $1.48 | 45d | 1 | 1.32mi |
| 2537 Corner Shoals Dr Decatur, GA | 3.0 | 2.0 | 1416 | $1,690 | $1.19 | 22d | 1 | 1.33mi |
| 2851 Lloyd Rd Decatur, GA | 3.0 | 2.5 | 1802 | $2,150 | $1.19 | 26d | 1 | 1.36mi |
| 2378 Charleston Pointe SE Atlanta, GA | 3.0 | 3.0 | 1604 | $2,100 | $1.31 | 23d | 1 | 1.36mi |
| 2407 Summerland Dr Decatur, GA | 3.0 | 2.0 | 1515 | $1,800 | $1.19 | 3d | 1 | 1.37mi |
Listing history 21 events
-
2026-06-21days on market $199,000 Active 109 DOM
-
2026-06-18days on market $199,000 Active 106 DOM
-
2026-06-17days on market $199,000 Active 105 DOM
-
2026-06-16days on market $199,000 Active 104 DOM
-
2026-06-15days on market $199,000 Active 103 DOM
-
2026-06-13days on market $199,000 Active 101 DOM
-
2026-06-09days on market $199,000 Active 97 DOM
-
2026-06-08days on market $199,000 Active 96 DOM
-
2026-06-07days on market $199,000 Active 95 DOM
-
2026-06-04days on market $199,000 Active 92 DOM
-
2026-06-03days on market $199,000 Active 91 DOM
-
2026-06-02days on market $199,000 Active 90 DOM
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2026-06-02price $199,000 Active 89 DOM
-
2026-06-01days on market $225,000 Active 89 DOM
-
2026-05-31days on market $225,000 Active 88 DOM
-
2026-04-27price $225,000 1079-char remark
Show marketing remark (1079 chars)
Welcome home to this spacious three-bedroom, two-bath ranch offering over 1,500 square feet of comfortable living space. Nestled on a generous lot, this property features a large backyard complete with a charming courtyard, expansive deck, and an outbuilding that can serve as a shed, workshop, or additional storage. Inside, you'll find hardwood floors throughout the main living areas, with select rooms currently carpeted. The layout includes a separate dining room and an eat-in kitchen, providing both formal and casual dining options. The living room offers a welcoming space for gathering, while two ample secondary bedrooms provide flexibility for family, guests, or a home office. The massive primary suite is a true highlight, featuring a spacious sitting area and a large walk-in closet. The roof is less than five years old and the water heater is new and with great bones and a functional floor plan, this home is full of potential and simply needs vision and a little TLC to truly shine. Don't miss the opportunity to transform this ranch into something sp
-
2026-04-23price $225,000 1091-char remark
Show marketing remark (1091 chars)
Welcome home to this spacious three-bedroom, two-bath ranch offering over 1,500 square feet of comfortable living space. Nestled on a generous lot, this property features a large backyard complete with a charming courtyard, expansive deck, and an outbuilding that can serve as a shed, workshop, or additional storage. Inside, you’ll find hardwood floors throughout the main living areas, with select rooms currently carpeted. The layout includes a separate dining room and an eat-in kitchen, providing both formal and casual dining options. The living room offers a welcoming space for gathering, while two ample secondary bedrooms provide flexibility for family, guests, or a home office. The massive primary suite is a true highlight, featuring a spacious sitting area and a large walk-in closet. The roof is less than five years old and the water heater is new and with great bones and a functional floor plan, this home is full of potential and simply needs vision and a little TLC to truly shine. Don’t miss the opportunity to transform this ranch into something sp
-
2026-04-07price $249,900 1079-char remark
Show marketing remark (1091 chars)
Welcome home to this spacious three-bedroom, two-bath ranch offering over 1,500 square feet of comfortable living space. Nestled on a generous lot, this property features a large backyard complete with a charming courtyard, expansive deck, and an outbuilding that can serve as a shed, workshop, or additional storage. Inside, you’ll find hardwood floors throughout the main living areas, with select rooms currently carpeted. The layout includes a separate dining room and an eat-in kitchen, providing both formal and casual dining options. The living room offers a welcoming space for gathering, while two ample secondary bedrooms provide flexibility for family, guests, or a home office. The massive primary suite is a true highlight, featuring a spacious sitting area and a large walk-in closet. The roof is less than five years old and the water heater is new and with great bones and a functional floor plan, this home is full of potential and simply needs vision and a little TLC to truly shine. Don’t miss the opportunity to transform this ranch into something sp
-
2026-04-07price $249,000 1091-char remark
Show marketing remark (1091 chars)
Welcome home to this spacious three-bedroom, two-bath ranch offering over 1,500 square feet of comfortable living space. Nestled on a generous lot, this property features a large backyard complete with a charming courtyard, expansive deck, and an outbuilding that can serve as a shed, workshop, or additional storage. Inside, you’ll find hardwood floors throughout the main living areas, with select rooms currently carpeted. The layout includes a separate dining room and an eat-in kitchen, providing both formal and casual dining options. The living room offers a welcoming space for gathering, while two ample secondary bedrooms provide flexibility for family, guests, or a home office. The massive primary suite is a true highlight, featuring a spacious sitting area and a large walk-in closet. The roof is less than five years old and the water heater is new and with great bones and a functional floor plan, this home is full of potential and simply needs vision and a little TLC to truly shine. Don’t miss the opportunity to transform this ranch into something sp
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2026-03-04$299,000 New 1079-char remark
Show marketing remark (1091 chars)
Welcome home to this spacious three-bedroom, two-bath ranch offering over 1,500 square feet of comfortable living space. Nestled on a generous lot, this property features a large backyard complete with a charming courtyard, expansive deck, and an outbuilding that can serve as a shed, workshop, or additional storage. Inside, you’ll find hardwood floors throughout the main living areas, with select rooms currently carpeted. The layout includes a separate dining room and an eat-in kitchen, providing both formal and casual dining options. The living room offers a welcoming space for gathering, while two ample secondary bedrooms provide flexibility for family, guests, or a home office. The massive primary suite is a true highlight, featuring a spacious sitting area and a large walk-in closet. The roof is less than five years old and the water heater is new and with great bones and a functional floor plan, this home is full of potential and simply needs vision and a little TLC to truly shine. Don’t miss the opportunity to transform this ranch into something sp
-
2026-03-04$299,000 Active 1091-char remark
Show marketing remark (1091 chars)
Welcome home to this spacious three-bedroom, two-bath ranch offering over 1,500 square feet of comfortable living space. Nestled on a generous lot, this property features a large backyard complete with a charming courtyard, expansive deck, and an outbuilding that can serve as a shed, workshop, or additional storage. Inside, you’ll find hardwood floors throughout the main living areas, with select rooms currently carpeted. The layout includes a separate dining room and an eat-in kitchen, providing both formal and casual dining options. The living room offers a welcoming space for gathering, while two ample secondary bedrooms provide flexibility for family, guests, or a home office. The massive primary suite is a true highlight, featuring a spacious sitting area and a large walk-in closet. The roof is less than five years old and the water heater is new and with great bones and a functional floor plan, this home is full of potential and simply needs vision and a little TLC to truly shine. Don’t miss the opportunity to transform this ranch into something sp
ⓘ 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
- $1,063 · $89/mo
- Projected year-2 tax
- $1,831 · $153/mo
- Expected delta
- +$767/yr (+$64/mo · 72.2%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
- Wildfire 2/10 Low
- Heat 5/10 Major 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
- Wind 5/10 Major 26% chance of damaging wind over 30 yrs
- Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $24,624
- − Mortgage interest
- −$11,147
- − Property taxes
- −$1,063
- − Insurance
- −$995
- − Repairs & maintenance
- −$1,970
- − Management
- −$1,970
- − Depreciation
- −$5,789
- Taxable income
- $1,690
- Est. tax owed @ 24.0%
- −$406
- After-tax cash flow
- $4,466/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 — Gresham Park
- Score
- 66/100
- State rank
- #183
- US rank
- #11376
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Gresham Park, GA
- County
- Dekalb County · 782,738 people
- Metro
- Atlanta-Sandy Springs-Alpharetta, GA
- Population (ZIP)
- 35,107
- Household income
- $102,891
- Rent vs Own
- Severe rent burden
- 1897.0
Population outlook (DeKalb County) Hauer SSP2
- Today (2025)
- 839,977 people
- By 2030
- 891,768 · +6.2%
- By 2040
- 988,894 · +17.7%
- By 2050
- 1,074,583 · +27.9%
- By 2075
- 1,245,026 · +48.2%
- By 2100
- 1,303,135 · +55.1%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.64)
- Race & ethnicity
- Black 47% White 36% Hispanic / Latino 8% Two or more races 7% Asian 4%
- Hispanic origin (detail)
- Mexican 4%
- Common ancestry
- Lithuanian 2% Romanian 2% Slovak 1%
- Foreign-born
- 6% · Canada
- Languages at home
- 93% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 1%
Political lean MEDSL · DeKalb
- 2024 margin
- Solid D (+64.8) · D 81.9% · R 17.1% · Other 1.0%
- 2008→2024 swing
- +6.1pp toward D · 2008: 58.6pp · 2024: 64.8pp
- All cycles
- 2024: D+64.8 2020: D+67.4 2016: D+64.8 2012: D+56.8 2008: D+58.6
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -415.92%
- Current HPI
- 318.454
- Rent YoY
- ▲ 2.33%
- 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
-24.7% since first listed6 events — show timeline
- 2026-04-27 Price Changed $225,000 GAMLS
- 2026-04-23 Price Changed $225,000 FMLS
- 2026-04-07 Price Changed $249,900 GAMLS
- 2026-04-07 Price Changed $249,000 FMLS
- 2026-03-04 Listed $299,000 FMLS
- 2026-03-04 Listed $299,000 GAMLS
Property tax history
-0.5%/yrLatest (2025): $1,063 · -8.2% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…