2215 Bonner Rd · East Point, GA 30344

$178,000

3 bd · 1.5 ba · 1,355 sqft · SingleFamily public records · 27 Days on market

Built 1955 0.30 ac lot $131/sqft · 28% below area Est $246k · 28% 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 +19.5/30.0
• ARV discount +15.0/15.0
• DSCR +6.2/10.0
• 1% rule +5.3/10.0
• Schools +4.5/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming 4-sided brick ranch in East Point's Conley Hills! This updated gem features an open layout with gleaming hardwoods, recessed lighting, and a chef's kitchen with granite counters and shaker cabinets. Enjoy a newer roof (2022) and HVAC (2023). The spacious deck overlooks a large, level, fully fenced backyard-perfect for entertaining. Minutes from the Airport, Tyler Perry Studios, and Downtown Atlanta. Move-in ready and waiting for you! Schedule your tour today.

Key facts

• 0.3 acre lot
• 2 parking spots
• Built 1955

Property features AI

Exterior

• Parking: Driveway parking; Two total parking spaces; Open parking available
• Utilities: Private water source; Public sewer; 220-volt electric; Cable available; Electricity available; Natural gas available
• Home design: One-and-one-half level home; Aluminum siding and brick exterior; Slab foundation; Asbestos shingle roof
• Construction: Aluminum siding; Brick construction; Slab foundation; Asbestos shingle roof; Resale condition
• Exterior features: Front porch; Deck; Back yard fencing; Other exterior features

Interior

• Kitchen: Eat-in kitchen with breakfast area; Stained cabinets; View to family room; Dishwasher; Gas range; Microwave; Range hood; Refrigerator
• Bedrooms: Master bedroom on main level; Three main-level bedrooms
• Flooring: Hardwood; Laminate; Concrete
• Bathrooms: One full bathroom; One half bathroom; Master bathroom with separate tub and shower; One main-level full bathroom; One main-level half bathroom
• Heating & cooling: Forced air heating; Ceiling fan(s) for cooling
• Interior features: Entrance foyer; High-speed internet available; Track lighting; Disappearing attic stairs; Walk-in closets; Brick fireplace in master bedroom; One fireplace total; Storm shutters and storm windows; No common walls
• Laundry & utility: Laundry located on lower level and in a bathroom; Dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $178k.

Deal economics

• At list price, monthly cash flow is $203 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $178k).
• Recommended offer: $175k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 5.1% in East Point — 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 72/100 on livability (#72 in GA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, crime F, amenities F.
• Fulton County (suburban): math 49% / reading 53% proficiency, ranked #12 of 174 in GA (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Paul D. West Middle School (math 17% / reading 17%, grade F, #381 of 470 statewide, top 82%, 803 students, 100% FRL); Tri-Cities High School (math 5% / reading 30%, grade F, #264 of 424 statewide, top 63%, 1,483 students, 100% FRL) — zoned schools average 100% FRL vs 41% district-wide (59 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 17% at this address vs 51% district-wide (-34 pts) — the specific schools serving this property underperform the Fulton County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+1.4%/yr); 283 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); 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 27 days — a 2% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 2 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.
• Current owner paid $69k; list at $178k implies a 158% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — 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 $175,330 (1.5% below list)

Questions for the listing agent

1. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.03% ✓
• Cap rate: 7.66%
• Cash-on-cash: 4.90%
• DSCR: 1.22
• GRM: 8.1

CMA / ARV

• ARV (median comp): $246,240
• List price: $178,000
• Delta: -27.71%
• 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
2513 Graywall St	0.38mi	3/2.0	1,242 (-8%)	3mo	$175,000	$141	64
2576 Wood Valley Dr	0.45mi	4/1.5 (+1)	1,443 (+6%)	1mo	$195,000	$135	63
2607 Farley St	0.49mi	3/2.0	1,261 (-7%)	1mo	$145,000	$115	62
2272 Dodson Dr	0.74mi	3/2.0	1,382 (+2%)	4mo	$219,000	$158	57
2024 Neely Ave	0.69mi	3/1.5	1,256 (-7%)	0mo	$190,000	$151	55
2309 Bryant Dr	0.65mi	3/1.5	1,238 (-9%)	5mo	$155,000	$125	51
2345 Old Colony Rd	0.48mi	3/1.0	1,178 (-13%)	8mo	$280,000	$238	47
1884 Spring Ave	0.69mi	2/1.0 (-1)	1,241 (-8%)	2mo	$249,900	$201	45
2162 Westover Dr	0.66mi	3/1.0	1,184 (-13%)	5mo	$201,570	$170	42
2194 Ivydale St	0.49mi	4/2.0 (+1)	1,210 (-11%)	13mo	$160,000	$132	41
2000 Grove Ave	0.59mi	3/2.5	1,511 (+12%)	13mo	$350,000	$232	38
2023 Montrose Dr	0.73mi	2/2.0 (-1)	1,500 (+11%)	7mo	$275,000	$183	35

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.35% rent growth · sell at horizon

5-year hold

• IRR: -10.6%
• Equity multiple: 0.62×
• Total profit: $-18,846
• Equity at exit: $26,540

10-year hold

• IRR: -3.7%
• Equity multiple: 0.77×
• Total profit: $-11,463
• Equity at exit: $15,390

Cash invested: $49,840 (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 30344

• Home prices YoY: -31.0%
• Rents YoY: 1.4%
• Active inventory: 283
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,832 high
• Mortgage (P&I): −$933
• Tax from tax record: −$237 /mo · $2,839/yr
• Insurance: −$74
• HOA: −$0
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $203

Break-even live

Break-even rent $1,575

Max offer price $178,000

Occupancy floor 84%

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: $44,500
• Closing costs: $5,340
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2284 Headland Dr Atlanta, GA	3.0	3.5	1117	$1,502	$1.34	12d	1	0.15mi
2287 Mulberry St Unit B Atlanta, GA	3.0	1.0	1700	$2,500	$1.47	24d	1	0.30mi
2560 Wood Valley Dr Atlanta, GA	4.0	2.5	1141	$1,900	$1.67	17d	1	0.39mi
2560 Wood Valley Dr Atlanta, GA	4.0	2.5	1141	$1,900	$1.67	24d	1	0.39mi
2514 Riggs Dr Atlanta, GA	4.0	2.0	1274	$2,000	$1.57	43d	1	0.41mi
2124 Delowe Dr Unit 2124J East Point, GA	3.0	1.0	920	$1,500	$1.63	24d	1	0.47mi
2467 Calvin Ave Atlanta, GA	3.0	2.0	1200	$1,950	$1.62	24d	1	0.56mi
1917 Connally Dr Atlanta, GA	3.0	2.0	1534	$1,850	$1.21	12d	1	0.57mi
2450 Hillcrest Dr Atlanta, GA	2.0	1.5	918	$2,400	$2.61	16d	1	0.58mi
1902 Connally Dr Atlanta, GA	2.0	1.5	993	$2,450	$2.47	43d	1	0.59mi
1903 Chattahoochee Pl Atlanta, GA	3.0	2.0	1333	$1,850	$1.39	12d	1	0.59mi
2610 Harmony Way Atlanta, GA	3.0	1.0	1100	$1,095	$1.00	24d	1	0.65mi
2656 Westchester Dr Atlanta, GA	3.0	1.0	1025	$1,600	$1.56	19d	1	0.66mi
2039 Bent Creek Way SW Atlanta, GA	1.0–2.0	1.0	898	$1,200	$1.34	7d	1	0.67mi
1994 Bent Creek Way SW Atlanta, GA	1.0–3.0	1.0–2.0	1041	$1,455	$1.40	7d	1	0.68mi
2756 Plantation Dr Atlanta, GA	3.0	2.0	1119	$1,950	$1.74	20d	1	0.76mi
2250 Dodson Dr Atlanta, GA	4.0	2.0	1522	$4,200	$2.76	43d	1	0.77mi
2481 Semmes St Atlanta, GA	3.0	1.0	1500	$1,850	$1.23	43d	1	0.81mi
2764 Riggs Dr Atlanta, GA	3.0	2.0	1147	$2,050	$1.79	43d	1	0.82mi
1932 Montrose Dr Atlanta, GA	3.0	1.0	1200	$1,750	$1.46	18d	1	0.82mi
2400 Campbellton Rd SW Atlanta, GA	2.0	2.0	1125	$1,250	$1.11	24d	1	0.83mi
2400 Campbellton Rd SW Atlanta, GA	1.0–3.0	1.0–2.5	1350	$1,450	$1.07	7d	2	0.83mi
2400 Campbellton Rd SW Atlanta, GA	2.0–3.0	1.5–2.5	1237	$1,450	$1.17	16d	3	0.83mi
1914 Montrose Dr Atlanta, GA	2.0	1.0	1216	$2,000	$1.64	43d	1	0.85mi
2641 Connally Dr East Point, GA	2.0	1.0	1000	$1,500	$1.50	43d	1	0.85mi
2328 Campbellton Rd SW Atlanta, GA	1.0–3.0	1.0–2.0	1014	$1,400	$1.38	24d	9	0.86mi
2675 Headland Dr Atlanta, GA	3.0	2.0	1408	$1,600	$1.14	17d	1	0.88mi
2523 Ben Hill Rd Atlanta, GA	3.0	1.5	1412	$3,000	$2.12	22d	1	0.90mi
2730 Pearl St Unit 1 East Point, GA	2.0	1.0	910	$1,175	$1.29	43d	1	0.96mi
1870 Myrtle Dr SW Atlanta, GA	1.0–3.0	1.0–2.0	900	$1,375	$1.53	22d	26	0.98mi
1867 Myrtle Dr SW #24 Atlanta, GA	3.0	2.5	1400	$1,400	$1.00	18d	1	0.98mi
1867 Myrtle Dr SW Atlanta, GA	3.0	2.5	1400	$1,400	$1.00	24d	1	0.99mi
1742 Ware Ave Atlanta, GA	2.0	1.0	916	$1,300	$1.42	24d	1	1.03mi
1988 Plaza Ln SW Atlanta, GA	1.0–3.0	1.0–2.0	990	$1,299	$1.31	1d	13	1.09mi
1988 Plaza Ln SW Atlanta, GA	1.0–3.0	1.0–2.0	990	$1,299	$1.31	10d	13	1.09mi
2933 Cloverhurst Dr Atlanta, GA	4.0	3.0	1550	$2,500	$1.61	20d	1	1.13mi
1932 Stanton Rd East Point, GA	1.0–3.0	1.0–2.0	1045	$1,599	$1.53	43d	1	1.16mi
1656 Ware Ave Atlanta, GA	3.0	2.0	1866	$2,150	$1.15	43d	1	1.20mi
3004 Bayrose Cir Unit 102B Atlanta, GA	3.0	3.0	1564	$2,250	$1.44	4d	1	1.21mi
3004 Bayrose Cir East Point, GA	3.0	3.0	1564	$2,350	$1.50	43d	1	1.21mi

Listing history 19 events

1. 2026-06-18
   days on market $178,000 Active 27 DOM
2. 2026-06-17
   days on market $178,000 Active 26 DOM
3. 2026-06-16
   days on market $178,000 Active 25 DOM
4. 2026-06-15
   days on market $178,000 Active 24 DOM
5. 2026-06-13
   days on market $178,000 Active 22 DOM
6. 2026-06-09
   days on market $178,000 Active 18 DOM
7. 2026-06-08
   days on market $178,000 Active 17 DOM
8. 2026-06-07
   days on market $178,000 Active 16 DOM
9. 2026-06-04
   days on market $178,000 Active 13 DOM
10. 2026-06-03
    days on market $178,000 Active 12 DOM
11. 2026-06-01
    days on market $178,000 Active 10 DOM
12. 2026-05-31
    days on market $178,000 Active 9 DOM
13. 2026-05-15
    historical $178,000 472-char remark

    Show marketing remark (472 chars)

    Charming 4-sided brick ranch in East Point's Conley Hills! This updated gem features an open layout with gleaming hardwoods, recessed lighting, and a chef's kitchen with granite counters and shaker cabinets. Enjoy a newer roof (2022) and HVAC (2023). The spacious deck overlooks a large, level, fully fenced backyard-perfect for entertaining. Minutes from the Airport, Tyler Perry Studios, and Downtown Atlanta. Move-in ready and waiting for you! Schedule your tour today.

14. 2026-05-15
    historical $178,000 490-char remark

    Show marketing remark (472 chars)

    Charming 4-sided brick ranch in East Point's Conley Hills! This updated gem features an open layout with gleaming hardwoods, recessed lighting, and a chef's kitchen with granite counters and shaker cabinets. Enjoy a newer roof (2022) and HVAC (2023). The spacious deck overlooks a large, level, fully fenced backyard-perfect for entertaining. Minutes from the Airport, Tyler Perry Studios, and Downtown Atlanta. Move-in ready and waiting for you! Schedule your tour today.

15. 2011-12-12
    soldstatus $69,000
16. 2005-08-24
    soldstatus $91,000
17. 2005-07-01
    soldstatus $82,500
18. 2001-07-19
    soldstatus $93,000
19. 1986-02-26
    soldstatus $55,000

ⓘ 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: $2,839 · $237/mo
• Projected year-2 tax: $2,839 · $237/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 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,988
• − Mortgage interest: −$9,971
• − Property taxes: −$2,839
• − Insurance: −$890
• − Repairs & maintenance: −$1,759
• − Management: −$1,759
• − Depreciation: −$5,178
• Taxable loss: −$407
• Est. tax savings @ 24.0%: +$98
• After-tax cash flow: $2,539/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: Fulton County
• NCES district ID: 1302280
• Math proficiency: 49% ▼ -2.00%
• Reading proficiency: 53% ▬ 0.00%
• Median HH income: $68,035
• Composite: 45.33/100
• National rank: #2640
• State rank: #12 of 174 in GA

Livability — East Point

• Score: 72/100
• State rank: #72
• US rank: #6314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Point, GA
• County: Fulton County · 1,094,430 people
• City population: 35,456
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 35,456
• Household income: $68,380
• Rent vs Own: 56.9% rent · 43.1% own
• Severe rent burden: 2226.0

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: Predominantly Black (74%)
• Race & ethnicity: Black 74% White 11% Hispanic / Latino 11% Two or more races 6%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1%
• Common ancestry: Italian 1% Swiss 1% Russian 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 87% English-only · Spanish 9% Other Indo-European 1% German/W. Germanic 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: ▼ -113.15%
• Current HPI: 251.7916
• Rent YoY: ▲ 1.35%
• 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

+223.6% since first listed

9 events — show timeline

• 2026-05-22 Listed $178,000 FMLS
• 2026-05-22 Listed $178,000 GAMLS
• 2026-05-15 Coming Soon $178,000 GAMLS
• 2026-05-15 Coming Soon $178,000 FMLS
• 2011-12-12 Sold (Public Records) $69,000 Public Records
• 2005-08-24 Sold (Public Records) $91,000 Public Records
• 2005-07-01 Sold (Public Records) $82,500 Public Records
• 2001-07-19 Sold (Public Records) $93,000 Public Records
• 1986-02-26 Sold (Public Records) $55,000 Public Records

Property tax history

+3.8%/yr

Latest (2025): $2,839 · +2.3% YoY. Source: county tax records.