2324 Nelms Dr SW · Atlanta, GA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · 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
- 18 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 6 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B 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 +30.0/30.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- ARV discount +7.5/15.0
- 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
$114,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Don't miss this incredible opportunity to renovate, flip, or add to your rental portfolio! This charming bungalow is ideally located just minutes from downtown Atlanta, major interstates, the airport, and exciting new development in Historic South Atlanta. A welcoming rocking chair front porch leads into a spacious family room with a fireplace and abundant natural light, flowing into a separate formal dining room perfect for entertaining. The large kitchen features an island, wood cabinetry, and ample counter and storage space, with a dedicated laundry room just off the kitchen offering additional pantry/storage. Enjoy the covered back porch overlooking a level, fenced-in backyard-ideal for pets, play, or future enhancements. The primary suite includes a private en suite bath with dual vanities, a soaking tub, separate shower, and generous closet space, while two additional guest bedrooms and a full bath complete the home's functional layout. Opportunities like this don't come around often-act quickly! NO BLIND OFFERS. NO WHOLESALERS. NO CREATIVE FINANCING. CASH OR HARD MONEY ONLY.
Key facts
- Large kitchen
- Covered back porch
- 0.28 acre lot
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.0-bath single-family listed at $115k.
Deal economics
- At list price, monthly cash flow is $535 ($6k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $115k).
- Cap rate 11.9% 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 (+3.2%/yr); 378 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 11,565 units permitted in Fulton County in 2024 (8,159 in 5+ unit buildings).
- At $1,992/mo this rent would consume 47% of the median local household income ($51k/yr) (locally 2962% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $794 of loan paydown is wiped out by about $3k 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.
- At projected returns (-3.0% appreciation + 3.2% rent growth), your $32k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
- 4 sale attempts since 16y 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.
Risks & watch-outs
- Watch-outs: property tax is 4.1% of price.
- 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.
Questions for the listing agent
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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
- 1.73% ✓
- Cap rate
- 11.88%
- Cash-on-cash
- 19.94%
- DSCR
- 1.89
- GRM
- 4.8
CMA / ARV
- ARV (on-the-fly)
- $294,000
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2385 Perkerson Rd SW | 0.66mi | 3/2.0 | 1,624 (-3%) | 2mo | $267,900 | $165 | 62 |
| 500 Pomoma Cir SW | 0.50mi | 3/2.0 | 1,592 (-5%) | 11mo | $290,000 | $182 | 59 |
| 2500 Old Hapeville Rd SW | 0.61mi | 4/3.0 (+1) | 1,728 (+3%) | 1mo | $345,000 | $200 | 57 |
| 2432 Macon Dr SW | 0.65mi | 3/2.0 | 1,700 (+1%) | 18mo | $250,000 | $147 | 53 |
| 2265 Perkerson Rd SW | 0.66mi | 3/2.0 | 1,614 (-4%) | 15mo | $320,000 | $198 | 50 |
| 2293 Polar Rock Ter SW | 0.30mi | 4/2.0 (+1) | 1,544 (-8%) | 21mo | $225,000 | $146 | 50 |
| 2230 Polar Rock Pl SW | 0.44mi | 4/2.5 (+1) | 1,776 (+6%) | 20mo | $310,000 | $175 | 47 |
| 2187 Baywood Dr SE | 0.72mi | 3/2.5 | 1,867 (+11%) | 0mo | $315,000 | $169 | 45 |
| 16 Bromack Dr SE | 0.73mi | 4/1.5 (+1) | 1,775 (+6%) | 12mo | $192,000 | $108 | 39 |
| 733 Pegg Rd SW | 0.71mi | 3/2.0 | 1,429 (-15%) | 3mo | $280,000 | $196 | 39 |
| 85 Polar Rock Rd SW | 0.62mi | 4/3.0 (+1) | 1,782 (+6%) | 18mo | $344,900 | $194 | 37 |
| 54 Brevard Ave SW | 0.70mi | 4/2.0 (+1) | 1,901 (+13%) | 5mo | $147,500 | $78 | 36 |
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 · 3.23% rent growth · sell at horizon
- IRR
- 12.5%
- Equity multiple
- 1.50×
- Total profit
- $16,073
- Equity at exit
- $17,132
- IRR
- 21.7%
- Equity multiple
- 2.88×
- Total profit
- $60,479
- Equity at exit
- $9,934
Cash invested: $32,172 (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 30315
- Rents YoY
- 3.2%
- Active inventory
- 378
- Price-to-rent
- 4.8×
Monthly cashflow live
- Estimated rent
- $1,992 high interval (Pro) →
- Mortgage (P&I)
- −$603
- Tax from tax record
- −$389 /mo · $4,669/yr
- Insurance
- −$48
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$418
- Net cashflow
- $535
Break-even live
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
- $28,725
- Closing costs
- $3,447
- 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 |
|---|---|---|---|---|---|---|---|---|
| 486 Pegg Rd SW Atlanta, GA | 4.0 | 1.5 | 1750 | $2,000 | $1.14 | 24d | 1 | 0.34mi |
| 2019 Pryor Rd SW Atlanta, GA | 2.0 | 2.5 | 1449 | $2,600 | $1.79 | 24d | 1 | 0.55mi |
| 643 Langston Dr SW Atlanta, GA | 3.0 | 2.0 | 1180 | $2,000 | $1.69 | 24d | 1 | 0.63mi |
| 73 Polar Rock Rd SW Atlanta, GA | 3.0 | 1.0 | 1098 | $1,850 | $1.68 | 10d | 1 | 0.65mi |
| 2145 Macon Dr SW Atlanta, GA | 3.0 | 1.0 | 1059 | $1,450 | $1.37 | 24d | 1 | 0.66mi |
| 2000 Rambling Ln Atlanta, GA | 1.0–3.0 | 1.0–2.0 | 1082 | $1,514 | $1.40 | 1d | 8 | 0.71mi |
| 2332 Baywood Dr SE Atlanta, GA | 3.0 | 2.0 | 1100 | $1,400 | $1.27 | 18d | 1 | 0.75mi |
| 751 Yale Pl SW Atlanta, GA | 3.0 | 2.0 | 1230 | $1,499 | $1.22 | 24d | 1 | 0.77mi |
| 136 Hillsdale Dr SE Atlanta, GA | 3.0 | 2.0 | 1075 | $1,995 | $1.86 | 24d | 1 | 0.82mi |
| 2783 Grand Ave SW Atlanta, GA | 4.0 | 2.0 | 1644 | $2,600 | $1.58 | 24d | 1 | 0.84mi |
| 2745 Old Hapeville Rd SW Atlanta, GA | 2.0–3.0 | 2.0 | 1007 | $1,375 | $1.36 | 15d | 1 | 0.85mi |
| 2786 Old Hapeville Rd SW Atlanta, GA | 2.0 | 1.5 | 1050 | $1,150 | $1.10 | 24d | 1 | 0.94mi |
| 2021 Brewer Blvd SW Atlanta, GA | 3.0 | 2.0 | 1178 | $1,795 | $1.52 | 8d | 1 | 0.94mi |
| 309 Pickfair Way SW Atlanta, GA | 3.0 | 2.5 | 1824 | $2,423 | $1.33 | 24d | 1 | 0.94mi |
| 45 Baker Dr SW Atlanta, GA | 3.0 | 2.0 | 1056 | $1,600 | $1.52 | 24d | 1 | 0.99mi |
| 2456 Harwood Dr Atlanta, GA | 2.0 | 2.0 | 1176 | $1,995 | $1.70 | 44d | 1 | 1.00mi |
| 2874 Grand Ave SW Atlanta, GA | 3.0 | 2.0 | 2166 | $3,999 | $1.85 | 24d | 1 | 1.01mi |
| 250 Amal Dr SW #7009 Atlanta, GA | 3.0 | 2.5 | 1440 | $1,850 | $1.28 | 8d | 1 | 1.06mi |
| 245 Amal Dr SW #3004 Atlanta, GA | 2.0 | 2.0 | 1402 | $1,800 | $1.28 | 22d | 1 | 1.07mi |
| 76 Schell Rd SE Atlanta, GA | 3.0 | 1.0 | 1080 | $1,623 | $1.50 | 24d | 1 | 1.12mi |
| 172 Meador Way SE Atlanta, GA | 3.0 | 2.0 | 1100 | $1,950 | $1.77 | 24d | 1 | 1.12mi |
| 2533 Sylvan Rd Atlanta, GA | 3.0 | 2.0 | 1692 | $1,995 | $1.18 | 24d | 1 | 1.14mi |
| 2959 Forrest Hills Dr SW Atlanta, GA | 1.0–2.0 | 1.0–1.5 | 925 | $1,250 | $1.35 | 17d | 2 | 1.17mi |
| 2959 Forrest Hills Dr SW Atlanta, GA | 1.0–2.0 | 1.0–1.5 | 925 | $1,250 | $1.35 | 14d | 1 | 1.17mi |
| 1854 Broadwell St SW Atlanta, GA | 3.0 | 1.0 | 1148 | $1,295 | $1.13 | 22d | 1 | 1.24mi |
| 1790 Brewer Blvd SW Atlanta, GA | 3.0 | 2.0 | 1301 | $2,000 | $1.54 | 22d | 1 | 1.25mi |
| 1875 Conrad Ave SE Atlanta, GA | 3.0 | 2.0 | 1088 | $1,803 | $1.66 | 22d | 1 | 1.33mi |
| 2694 Fairlane Dr SE Atlanta, GA | 4.0 | 2.0 | 1372 | $2,800 | $2.04 | 24d | 1 | 1.33mi |
| 231 Maple St Atlanta, GA | 3.0 | 2.0 | 1068 | $1,645 | $1.54 | 44d | 1 | 1.38mi |
| 1645 Metropolitan Pkwy SW Unit A Atlanta, GA | 3.0 | 1.0 | 1433 | $1,795 | $1.25 | 24d | 1 | 1.38mi |
| 185 Glenrose Cir SW Atlanta, GA | 3.0 | 2.0 | 2000 | $2,150 | $1.07 | 24d | 1 | 1.39mi |
| 2636 Acadia St Atlanta, GA | 3.0 | 2.0 | 1300 | $1,800 | $1.38 | 24d | 1 | 1.39mi |
| 3066 Waters Rd SW Atlanta, GA | 3.0 | 1.0 | 1144 | $1,395 | $1.22 | 20d | 1 | 1.40mi |
| 879 Sylvan Pl SW Atlanta, GA | 3.0 | 2.0 | 1533 | $2,050 | $1.34 | 19d | 1 | 1.41mi |
| 2626 Blount St Atlanta, GA | 2.0 | 1.0 | 1314 | $1,460 | $1.11 | 24d | 1 | 1.42mi |
| 2801 Palm Dr Atlanta, GA | 3.0 | 1.0 | 1064 | $1,550 | $1.46 | 13d | 1 | 1.43mi |
| 340 Adelle St SE Atlanta, GA | 3.0 | 1.0 | 1122 | $1,500 | $1.34 | 3d | 1 | 1.45mi |
| 293 Jordan St SE Atlanta, GA | 3.0 | 2.5 | 1637 | $2,500 | $1.53 | 24d | 1 | 1.46mi |
| 1845 Lakewood Ter SE Atlanta, GA | 3.0 | 2.0 | 1859 | $1,850 | $1.00 | 13d | 1 | 1.46mi |
| 1026 Astor Ave SW Atlanta, GA | 3.0 | 2.0 | 1116 | $2,500 | $2.24 | 24d | 1 | 1.46mi |
Listing history 19 events
-
2026-04-24status Pending
-
2026-04-22status Under Contract 1098-char remark
Show marketing remark (1098 chars)
Don't miss this incredible opportunity to renovate, flip, or add to your rental portfolio! This charming bungalow is ideally located just minutes from downtown Atlanta, major interstates, the airport, and exciting new development in Historic South Atlanta. A welcoming rocking chair front porch leads into a spacious family room with a fireplace and abundant natural light, flowing into a separate formal dining room perfect for entertaining. The large kitchen features an island, wood cabinetry, and ample counter and storage space, with a dedicated laundry room just off the kitchen offering additional pantry/storage. Enjoy the covered back porch overlooking a level, fenced-in backyard-ideal for pets, play, or future enhancements. The primary suite includes a private en suite bath with dual vanities, a soaking tub, separate shower, and generous closet space, while two additional guest bedrooms and a full bath complete the home's functional layout. Opportunities like this don't come around often-act quickly! NO BLIND OFFERS. NO WHOLESALERS. NO CREATIVE FINANCING. CASH OR HARD MONEY ONLY.
-
2026-04-13$114,900 Active
Show marketing remark (1098 chars)
Don't miss this incredible opportunity to renovate, flip, or add to your rental portfolio! This charming bungalow is ideally located just minutes from downtown Atlanta, major interstates, the airport, and exciting new development in Historic South Atlanta. A welcoming rocking chair front porch leads into a spacious family room with a fireplace and abundant natural light, flowing into a separate formal dining room perfect for entertaining. The large kitchen features an island, wood cabinetry, and ample counter and storage space, with a dedicated laundry room just off the kitchen offering additional pantry/storage. Enjoy the covered back porch overlooking a level, fenced-in backyard-ideal for pets, play, or future enhancements. The primary suite includes a private en suite bath with dual vanities, a soaking tub, separate shower, and generous closet space, while two additional guest bedrooms and a full bath complete the home's functional layout. Opportunities like this don't come around often-act quickly! NO BLIND OFFERS. NO WHOLESALERS. NO CREATIVE FINANCING. CASH OR HARD MONEY ONLY.
-
2026-04-13$114,900 New 1098-char remark
Show marketing remark (1098 chars)
Don't miss this incredible opportunity to renovate, flip, or add to your rental portfolio! This charming bungalow is ideally located just minutes from downtown Atlanta, major interstates, the airport, and exciting new development in Historic South Atlanta. A welcoming rocking chair front porch leads into a spacious family room with a fireplace and abundant natural light, flowing into a separate formal dining room perfect for entertaining. The large kitchen features an island, wood cabinetry, and ample counter and storage space, with a dedicated laundry room just off the kitchen offering additional pantry/storage. Enjoy the covered back porch overlooking a level, fenced-in backyard-ideal for pets, play, or future enhancements. The primary suite includes a private en suite bath with dual vanities, a soaking tub, separate shower, and generous closet space, while two additional guest bedrooms and a full bath complete the home's functional layout. Opportunities like this don't come around often-act quickly! NO BLIND OFFERS. NO WHOLESALERS. NO CREATIVE FINANCING. CASH OR HARD MONEY ONLY.
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2019-10-17soldstatus $103,000
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2010-11-05historical 452-char remark
Show marketing remark (452 chars)
Great Foreclosure ready to move in. SOLD AS IS NO DISCLOSURES. Addendums required within 24 hours of accepted agreement. This is a great family home on a large lot with lots of space. Recent construction with a seperate dining and living room. It has a great private back yard and nice front porch. this one is a great home for the right buyer. Investor or first time home buyer bring your PRoof of funds or prequal letter. This one will not last long.
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2010-10-29soldstatus $15,500 Sold 452-char remark
Show marketing remark (452 chars)
Great Foreclosure ready to move in. SOLD AS IS NO DISCLOSURES. Addendums required within 24 hours of accepted agreement. This is a great family home on a large lot with lots of space. Recent construction with a seperate dining and living room. It has a great private back yard and nice front porch. this one is a great home for the right buyer. Investor or first time home buyer bring your PRoof of funds or prequal letter. This one will not last long.
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2010-10-06status Pending 452-char remark
Show marketing remark (452 chars)
Great Foreclosure ready to move in. SOLD AS IS NO DISCLOSURES. Addendums required within 24 hours of accepted agreement. This is a great family home on a large lot with lots of space. Recent construction with a seperate dining and living room. It has a great private back yard and nice front porch. this one is a great home for the right buyer. Investor or first time home buyer bring your PRoof of funds or prequal letter. This one will not last long.
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2010-09-23price $17,900 452-char remark
Show marketing remark (452 chars)
Great Foreclosure ready to move in. SOLD AS IS NO DISCLOSURES. Addendums required within 24 hours of accepted agreement. This is a great family home on a large lot with lots of space. Recent construction with a seperate dining and living room. It has a great private back yard and nice front porch. this one is a great home for the right buyer. Investor or first time home buyer bring your PRoof of funds or prequal letter. This one will not last long.
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2010-09-23price $179,900 452-char remark
Show marketing remark (452 chars)
Great Foreclosure ready to move in. SOLD AS IS NO DISCLOSURES. Addendums required within 24 hours of accepted agreement. This is a great family home on a large lot with lots of space. Recent construction with a seperate dining and living room. It has a great private back yard and nice front porch. this one is a great home for the right buyer. Investor or first time home buyer bring your PRoof of funds or prequal letter. This one will not last long.
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2010-08-31price $19,900 452-char remark
Show marketing remark (452 chars)
Great Foreclosure ready to move in. SOLD AS IS NO DISCLOSURES. Addendums required within 24 hours of accepted agreement. This is a great family home on a large lot with lots of space. Recent construction with a seperate dining and living room. It has a great private back yard and nice front porch. this one is a great home for the right buyer. Investor or first time home buyer bring your PRoof of funds or prequal letter. This one will not last long.
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2010-08-07price $31,900 Active 452-char remark
Show marketing remark (452 chars)
Great Foreclosure ready to move in. SOLD AS IS NO DISCLOSURES. Addendums required within 24 hours of accepted agreement. This is a great family home on a large lot with lots of space. Recent construction with a seperate dining and living room. It has a great private back yard and nice front porch. this one is a great home for the right buyer. Investor or first time home buyer bring your PRoof of funds or prequal letter. This one will not last long.
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2010-08-07status Active 452-char remark
Show marketing remark (452 chars)
Great Foreclosure ready to move in. SOLD AS IS NO DISCLOSURES. Addendums required within 24 hours of accepted agreement. This is a great family home on a large lot with lots of space. Recent construction with a seperate dining and living room. It has a great private back yard and nice front porch. this one is a great home for the right buyer. Investor or first time home buyer bring your PRoof of funds or prequal letter. This one will not last long.
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2010-06-22status Pending 452-char remark
Show marketing remark (452 chars)
Great Foreclosure ready to move in. SOLD AS IS NO DISCLOSURES. Addendums required within 24 hours of accepted agreement. This is a great family home on a large lot with lots of space. Recent construction with a seperate dining and living room. It has a great private back yard and nice front porch. this one is a great home for the right buyer. Investor or first time home buyer bring your PRoof of funds or prequal letter. This one will not last long.
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2010-06-14historical Contingent - Due Diligence 452-char remark
Show marketing remark (452 chars)
Great Foreclosure ready to move in. SOLD AS IS NO DISCLOSURES. Addendums required within 24 hours of accepted agreement. This is a great family home on a large lot with lots of space. Recent construction with a seperate dining and living room. It has a great private back yard and nice front porch. this one is a great home for the right buyer. Investor or first time home buyer bring your PRoof of funds or prequal letter. This one will not last long.
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2010-06-02$34,900 Active 452-char remark
Show marketing remark (452 chars)
Great Foreclosure ready to move in. SOLD AS IS NO DISCLOSURES. Addendums required within 24 hours of accepted agreement. This is a great family home on a large lot with lots of space. Recent construction with a seperate dining and living room. It has a great private back yard and nice front porch. this one is a great home for the right buyer. Investor or first time home buyer bring your PRoof of funds or prequal letter. This one will not last long.
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2005-02-08soldstatus $220,000
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1995-11-10soldstatus $26,000
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1994-01-24soldstatus $7,900
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast GA · Resets to sale price
- Current annual tax
- $4,669 · $389/mo
- Projected year-2 tax
- $4,669 · $389/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 ≥104°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 4 unhealthy d/yr today · 6 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
- $23,910
- − Mortgage interest
- −$6,436
- − Property taxes
- −$4,669
- − Insurance
- −$574
- − Repairs & maintenance
- −$1,913
- − Management
- −$1,913
- − Depreciation
- −$3,343
- Taxable income
- $5,062
- Est. tax owed @ 24.0%
- −$1,215
- After-tax cash flow
- $5,200/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
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)
- 34,264
- Household income
- $50,822
- Rent vs Own
- Severe rent burden
- 2962.0
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 (72%)
- Race & ethnicity
- Black 72% White 14% Hispanic / Latino 10% Two or more races 4%
- Hispanic origin (detail)
- Mexican 4%
- Common ancestry
- Romanian 1% Italian 1% Lithuanian 1%
- Foreign-born
- 5% · Canada
- Languages at home
- 90% English-only · Spanish 9% French/Haitian/Cajun 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
- ▼ -281.87%
- Current HPI
- 176.673
- Rent YoY
- ▲ 3.23%
- 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
+1354.4% since first listed19 events — show timeline
- 2026-04-24 Pending — FMLS
- 2026-04-22 Pending — GAMLS
- 2026-04-13 Listed $114,900 GAMLS
- 2026-04-13 Listed $114,900 FMLS
- 2019-10-17 Sold (Public Records) $103,000 Public Records
- 2010-11-05 Listing Removed — FMLS
- 2010-10-29 Sold (MLS) $15,500 FMLS
- 2010-10-06 Pending — FMLS
- 2010-09-23 Price Changed $17,900 FMLS
- 2010-09-23 Price Changed $179,900 FMLS
- 2010-08-31 Price Changed $19,900 FMLS
- 2010-08-07 Relisted — FMLS
- 2010-08-07 Price Changed $31,900 FMLS
- 2010-06-22 Pending — FMLS
- 2010-06-14 Contingent — FMLS
- 2010-06-02 Listed $34,900 FMLS
- 2005-02-08 Sold (Public Records) $220,000 Public Records
- 1995-11-10 Sold (Public Records) $26,000 Public Records
- 1994-01-24 Sold (Public Records) $7,900 Public Records
Property tax history
+4.6%/yrLatest (2025): $4,669 · -0.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…