🏷️ Likely Rental
6354 Shannon Pkwy Unit 2D · Union City, 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 3/10 · Minor
- Est. fire insurance / yr
- $963 – $1,789
Heat risk 6/10 · Moderate
- Hot days now (above 104°F)
- 7 days/yr
- Hot days in 30 yrs
- 19 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 A 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
- ARV discount +15.0/15.0
- 1% rule +10.0/10.0
- DSCR +10.0/10.0
- Appreciation +10.0/10.0
- Schools +4.5/10.0
- Rent growth +3.1/5.0
- Livability +2.9/5.0
- Condition / age +2.5/5.0
$60,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
|| INVESTOR SPECIAL || || PRICED BELOW POTENTIAL || || 3 BED / 3 BATH || || 2-STORY WITH VALUE-ADD UPSIDE || || PRIME LOCATION IN COMMUNITY || || STRONG RENTAL OR RESALE PLAY || This is the kind of deal investors wait for—and the reason they move fast. Located in Old Virginia Condominiums, this 3 BEDROOM, 3 BATH, TWO-STORY condo is PRICED TO REFLECT THE WORK NEEDED, giving you immediate entry at a number that leaves room for real upside. With a SPACIOUS LAYOUT and solid previous renovations already in place, the foundation is here—you’re simply unlocking the next level of value. Positioned NEAR THE ENTRANCE of the community (a HIGH-DEMAND LOCATION within the complex), this unit offers added convenience and long-term desirability—two things that matter when it comes to resale and rental performance. Yes, it needs TLC—but that’s exactly why the opportunity exists. Run the numbers: light to moderate updates could quickly transform this into a strong RENTAL PROPERTY or a profitable resale. The 3 BED / 3 BATH layout is ideal for maximizing rental income, roommate scenarios, or appealing to larger households—EXPANDING YOUR BUYER OR TENANT POOL instantly. During the day, future tenants or owners will enjoy the space and functionality. Evenings and weekends? That’s where your investment works for you—UPGRADES THAT BUILD EQUITY, improvements that increase rents, and a property that becomes more valuable with every smart decision. SOLD AS IS, this is a TRUE VALUE-ADD OPPORTUNITY in a location that supports it. Deals where PRICE, SIZE, LOCATION, and UPSIDE all align like this are getting harder to find—especially in established communities. If you’re looking for your next flip, rental, or long-term hold… this is one to run toward, not wait on.
Key facts
- $220 HOA
- 2 parking spots
- Built 1974
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/2.5-bath condo listed at $60k.
Deal economics
- At list price, monthly cash flow is $840 ($10k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $60k).
- Recommended offer: $58k (3.0% below list) — sets the bar for market timing.
- Cap rate 23.1% vs local median 5.4% in Union City — 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 58/100 on livability (#443 in GA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D+, schools 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.
- Market conditions: Rents rising (+2.2%/yr); 167 active listings in the ZIP; 39 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 44% of comp listings sitting > 30 days — soft ceiling on asking rent; 11,565 units permitted in Fulton County in 2024 (8,159 in 5+ unit buildings).
- At $1,888/mo this rent would consume 47% of the median local household income ($48k/yr) (locally 1778% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- In year one you build about $6k of equity ($415 loan paydown + $6k appreciation (10.0% local appreciation)).
- Fulton County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (10.0% appreciation + 2.2% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.
- By year 6, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 34 days — a 3% lower offer ($58k) 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 $40k; list at $60k implies a 50% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→19/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 34 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- Crime grade is D 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?
- 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 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
- 3.15% ✓
- Cap rate
- 23.09%
- Cash-on-cash
- 59.98%
- DSCR
- 3.67
- GRM
- 2.6
CMA / ARV
- ARV (median comp)
- $102,389
- List price
- $60,000
- Delta
- -41.40%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
10.0% appreciation · 2.2% rent growth · sell at horizon
- IRR
- 71.5%
- Equity multiple
- 6.05×
- Total profit
- $84,827
- Equity at exit
- $54,053
- IRR
- 65.0%
- Equity multiple
- 13.21×
- Total profit
- $205,129
- Equity at exit
- $116,567
Cash invested: $16,800 (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 30291
- Home prices YoY
- 11.1%
- Rents YoY
- 2.2%
- Active inventory
- 167
- Price-to-rent
- 2.6×
Monthly cashflow live
- Estimated rent
- $1,888 high interval (Pro) →
- Mortgage (P&I)
- −$315
- Tax from tax record
- −$92 /mo · $1,102/yr
- Insurance
- −$25
- HOA
- −$220
- Vacancy / Maint / Mgmt
- −$396
- Net cashflow
- $840
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
- $15,000
- Closing costs
- $1,800
- 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 39 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 4500 Shannon Blvd Unit 7A Union City, GA | 3.0 | 2.5 | 2205 | $2,000 | $0.91 | 43d | 1 | 0.21mi |
| 4500 Shannon Blvd Unit 7 Union City, GA | 3.0 | 2.5 | 1503 | $1,750 | $1.16 | 4d | 1 | 0.21mi |
| 4500 Shannon Blvd Unit 7A Union City, GA | 3.0 | 2.5 | 2205 | $1,750 | $0.79 | 24d | 1 | 0.21mi |
| 5400 Oakley Commons Blvd Union City, GA | 2.0 | 2.0 | 1258 | $1,257 | $1.00 | 43d | 1 | 0.24mi |
| 4701 Flat Shoals Rd Union City, GA | 3.0 | 2.5–3.0 | 1600 | $1,775 | $1.11 | 2d | 1 | 0.32mi |
| 4659 Shannon Ct Union City, GA | 3.0 | 2.5 | 2030 | $1,945 | $0.96 | 43d | 1 | 0.34mi |
| 5150 Oakley Commons Blvd Union City, GA | 3.0 | 2.5 | 1375 | $1,675 | $1.22 | 24d | 1 | 0.42mi |
| 6425 Oakley Rd Union City, GA | 1.0–3.0 | 1.0–2.0 | 1037 | $1,502 | $1.45 | 4d | 18 | 0.46mi |
| 4483 Flat Shoals Rd Union City, GA | 1.0–2.0 | 1.0–2.5 | 957 | $1,495 | $1.56 | 43d | 1 | 0.48mi |
| 3285 Oakley Pl Union City, GA | 3.0 | 2.5 | 1350 | $1,500 | $1.11 | 43d | 1 | 0.48mi |
| 5201 Summer Brooke Ct Union City, GA | 3.0 | 2.5 | 1484 | $2,000 | $1.35 | 1d | 1 | 0.51mi |
| 6350 Oakley Rd Union City, GA | 3.0 | 2.0–2.5 | 1472 | $1,796 | $1.22 | 1d | 4 | 0.52mi |
| 5205 Alexander St Union City, GA | 3.0 | 2.0 | 1326 | $1,681 | $1.27 | 43d | 1 | 0.59mi |
| 6340 Westbrook Ave Union City, GA | 3.0 | 2.0 | 1800 | $2,100 | $1.17 | 43d | 1 | 0.60mi |
| 5200 Alexander St Union City, GA | 3.0 | 2.0 | 1221 | $1,695 | $1.39 | 43d | 1 | 0.61mi |
| 6085 Mallory Rdg #32 Union City, GA | 3.0 | 3.5 | 1540 | $2,300 | $1.49 | 43d | 1 | 0.63mi |
| 4312 Smithgall Ct Union City, GA | 3.0 | 2.5 | 1433 | $2,000 | $1.40 | 18d | 1 | 0.74mi |
| 6596 Woodwell Dr Union City, GA | 3.0 | 2.5 | 1804 | $2,215 | $1.23 | 12d | 1 | 0.78mi |
| 3791 Shenfield Dr Union City, GA | 3.0 | 2.5 | 1784 | $2,086 | $1.17 | 10d | 1 | 0.85mi |
| 6150 Mallory Rd Atlanta, GA | 3.0 | 2.0 | 1681 | $1,695 | $1.01 | 11d | 1 | 0.98mi |
| 4128 Flat Trl Union City, GA | 3.0 | 2.5 | 1450 | $1,700 | $1.17 | 43d | 1 | 1.03mi |
| 3855 Shenfield Dr Union City, GA | 3.0 | 2.5 | 1626 | $1,895 | $1.17 | 43d | 1 | 1.08mi |
| 6120 Longino Dr Union City, GA | 4.0 | 2.0 | 1608 | $1,835 | $1.14 | 12d | 1 | 1.08mi |
| 5207 Dixie Lake Rd Union City, GA | 3.0 | 2.0 | 1516 | $1,950 | $1.29 | 43d | 1 | 1.08mi |
| 3859 Shenfield Dr Union City, GA | 4.0 | 2.5 | 1850 | $2,000 | $1.08 | 5d | 1 | 1.09mi |
| 4014 Carisbrook Dr Union City, GA | 4.0 | 2.5 | 1795 | $2,295 | $1.28 | 22d | 1 | 1.15mi |
| 4014 Carisbrook Dr Union City, GA | 4.0 | 2.5 | 1795 | $2,295 | $1.28 | 24d | 1 | 1.15mi |
| 4014 Carisbrook Dr Union City, GA | 4.0 | 2.5 | 1795 | $2,195 | $1.22 | 5d | 1 | 1.15mi |
| 6225 Shenfield Ln Union City, GA | 3.0 | 2.5 | 1821 | $2,000 | $1.10 | 43d | 1 | 1.16mi |
| 6325 Raymond Ter Union City, GA | 2.0 | 1.0 | 1624 | $1,150 | $0.71 | 43d | 1 | 1.22mi |
| 5140 Highpoint Rd Apt 27 Union City, GA | 2.0 | 2.5 | 1290 | $1,295 | $1.00 | 12d | 1 | 1.27mi |
| 5950 Stonewall Dr Unit 4 Union City, GA | 3.0 | 1.0 | 1320 | $1,445 | $1.09 | 2d | 1 | 1.36mi |
| 5950 Stonewall Dr Unit 2 Union City, GA | 3.0 | 1.5 | 1320 | $1,495 | $1.13 | 15d | 1 | 1.36mi |
| 313 Ashigan St Union City, GA | 3.0 | 2.5 | 1529 | $1,775 | $1.16 | 22d | 1 | 1.40mi |
| 306 Ashigan St Union City, GA | 3.0 | 2.5 | 1560 | $1,695 | $1.09 | 43d | 1 | 1.42mi |
| 7200 Grosbeak St Union City, GA | 2.0 | 2.5 | 1560 | $1,500 | $0.96 | 43d | 1 | 1.42mi |
| 7190 Gotland St Union City, GA | 2.0 | 2.5 | 1500 | $1,450 | $0.97 | 12d | 1 | 1.42mi |
| 4456 Pinscher St Union City, GA | 3.0 | 2.5 | 1560 | $1,600 | $1.03 | 43d | 1 | 1.45mi |
| 4050 Morgan Rd Union City, GA | 1.0–3.0 | 1.0–2.0 | 988 | $1,750 | $1.77 | 5d | 21 | 1.47mi |
HOA detail condo
- Monthly dues
- $220 · $2,640/yr
- Likely covers
- pool
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 8 events
-
2026-06-18days on market $60,000 Active 34 DOM
-
2026-06-17statusdays on market $60,000 Active 33 DOM
-
2026-05-16status Pending 1844-char remark
Show marketing remark (1844 chars)
|| INVESTOR SPECIAL || || PRICED BELOW POTENTIAL || || 3 BED / 3 BATH || || 2-STORY WITH VALUE-ADD UPSIDE || || PRIME LOCATION IN COMMUNITY || || STRONG RENTAL OR RESALE PLAY || This is the kind of deal investors wait for—and the reason they move fast. Located in Old Virginia Condominiums, this 3 BEDROOM, 3 BATH, TWO-STORY condo is PRICED TO REFLECT THE WORK NEEDED, giving you immediate entry at a number that leaves room for real upside. With a SPACIOUS LAYOUT and solid previous renovations already in place, the foundation is here—you’re simply unlocking the next level of value. Positioned NEAR THE ENTRANCE of the community (a HIGH-DEMAND LOCATION within the complex), this unit offers added convenience and long-term desirability—two things that matter when it comes to resale and rental performance. Yes, it needs TLC—but that’s exactly why the opportunity exists. Run the numbers: light to moderate updates could quickly transform this into a strong RENTAL PROPERTY or a profitable resale. The 3 BED / 3 BATH layout is ideal for maximizing rental income, roommate scenarios, or appealing to larger households—EXPANDING YOUR BUYER OR TENANT POOL instantly. During the day, future tenants or owners will enjoy the space and functionality. Evenings and weekends? That’s where your investment works for you—UPGRADES THAT BUILD EQUITY, improvements that increase rents, and a property that becomes more valuable with every smart decision. SOLD AS IS, this is a TRUE VALUE-ADD OPPORTUNITY in a location that supports it. Deals where PRICE, SIZE, LOCATION, and UPSIDE all align like this are getting harder to find—especially in established communities. If you’re looking for your next flip, rental, or long-term hold… this is one to run toward, not wait on.
-
2026-05-11status Under Contract 1773-char remark
Show marketing remark (1844 chars)
|| INVESTOR SPECIAL || || PRICED BELOW POTENTIAL || || 3 BED / 3 BATH || || 2-STORY WITH VALUE-ADD UPSIDE || || PRIME LOCATION IN COMMUNITY || || STRONG RENTAL OR RESALE PLAY || This is the kind of deal investors wait for—and the reason they move fast. Located in Old Virginia Condominiums, this 3 BEDROOM, 3 BATH, TWO-STORY condo is PRICED TO REFLECT THE WORK NEEDED, giving you immediate entry at a number that leaves room for real upside. With a SPACIOUS LAYOUT and solid previous renovations already in place, the foundation is here—you’re simply unlocking the next level of value. Positioned NEAR THE ENTRANCE of the community (a HIGH-DEMAND LOCATION within the complex), this unit offers added convenience and long-term desirability—two things that matter when it comes to resale and rental performance. Yes, it needs TLC—but that’s exactly why the opportunity exists. Run the numbers: light to moderate updates could quickly transform this into a strong RENTAL PROPERTY or a profitable resale. The 3 BED / 3 BATH layout is ideal for maximizing rental income, roommate scenarios, or appealing to larger households—EXPANDING YOUR BUYER OR TENANT POOL instantly. During the day, future tenants or owners will enjoy the space and functionality. Evenings and weekends? That’s where your investment works for you—UPGRADES THAT BUILD EQUITY, improvements that increase rents, and a property that becomes more valuable with every smart decision. SOLD AS IS, this is a TRUE VALUE-ADD OPPORTUNITY in a location that supports it. Deals where PRICE, SIZE, LOCATION, and UPSIDE all align like this are getting harder to find—especially in established communities. If you’re looking for your next flip, rental, or long-term hold… this is one to run toward, not wait on.
-
2026-05-11historical Active Under Contract 1844-char remark
Show marketing remark (1844 chars)
|| INVESTOR SPECIAL || || PRICED BELOW POTENTIAL || || 3 BED / 3 BATH || || 2-STORY WITH VALUE-ADD UPSIDE || || PRIME LOCATION IN COMMUNITY || || STRONG RENTAL OR RESALE PLAY || This is the kind of deal investors wait for—and the reason they move fast. Located in Old Virginia Condominiums, this 3 BEDROOM, 3 BATH, TWO-STORY condo is PRICED TO REFLECT THE WORK NEEDED, giving you immediate entry at a number that leaves room for real upside. With a SPACIOUS LAYOUT and solid previous renovations already in place, the foundation is here—you’re simply unlocking the next level of value. Positioned NEAR THE ENTRANCE of the community (a HIGH-DEMAND LOCATION within the complex), this unit offers added convenience and long-term desirability—two things that matter when it comes to resale and rental performance. Yes, it needs TLC—but that’s exactly why the opportunity exists. Run the numbers: light to moderate updates could quickly transform this into a strong RENTAL PROPERTY or a profitable resale. The 3 BED / 3 BATH layout is ideal for maximizing rental income, roommate scenarios, or appealing to larger households—EXPANDING YOUR BUYER OR TENANT POOL instantly. During the day, future tenants or owners will enjoy the space and functionality. Evenings and weekends? That’s where your investment works for you—UPGRADES THAT BUILD EQUITY, improvements that increase rents, and a property that becomes more valuable with every smart decision. SOLD AS IS, this is a TRUE VALUE-ADD OPPORTUNITY in a location that supports it. Deals where PRICE, SIZE, LOCATION, and UPSIDE all align like this are getting harder to find—especially in established communities. If you’re looking for your next flip, rental, or long-term hold… this is one to run toward, not wait on.
-
2026-04-13$60,000 Active 1844-char remark
Show marketing remark (1773 chars)
|| INVESTOR SPECIAL || || PRICED BELOW POTENTIAL || || 3 BED / 3 BATH || || 2-STORY WITH VALUE-ADD UPSIDE || || PRIME LOCATION IN COMMUNITY || || STRONG RENTAL OR RESALE PLAY || This is the kind of deal investors wait for-and the reason they move fast. Located in Old Virginia Condominiums, this 3 BEDROOM, 3 BATH, TWO-STORY condo is PRICED TO REFLECT THE WORK NEEDED, giving you immediate entry at a number that leaves room for real upside. With a SPACIOUS LAYOUT and solid previous renovations already in place, the foundation is here-you're simply unlocking the next level of value. Positioned NEAR THE ENTRANCE of the community (a HIGH-DEMAND LOCATION within the complex), this unit offers added convenience and long-term desirability-two things that matter when it comes to resale and rental performance. Yes, it needs TLC-but that's exactly why the opportunity exists. Run the numbers: light to moderate updates could quickly transform this into a strong RENTAL PROPERTY or a profitable resale. The 3 BED / 3 BATH layout is ideal for maximizing rental income, roommate scenarios, or appealing to larger households-EXPANDING YOUR BUYER OR TENANT POOL instantly. During the day, future tenants or owners will enjoy the space and functionality. Evenings and weekends? That's where your investment works for you-UPGRADES THAT BUILD EQUITY, improvements that increase rents, and a property that becomes more valuable with every smart decision. SOLD AS IS, this is a TRUE VALUE-ADD OPPORTUNITY in a location that supports it. Deals where PRICE, SIZE, LOCATION, and UPSIDE all align like this are getting harder to find-especially in established communities. If you're looking for your next flip, rental, or long-term hold... this is one to run toward, not wait on.
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2026-04-13$60,000 New 1773-char remark
Show marketing remark (1773 chars)
|| INVESTOR SPECIAL || || PRICED BELOW POTENTIAL || || 3 BED / 3 BATH || || 2-STORY WITH VALUE-ADD UPSIDE || || PRIME LOCATION IN COMMUNITY || || STRONG RENTAL OR RESALE PLAY || This is the kind of deal investors wait for-and the reason they move fast. Located in Old Virginia Condominiums, this 3 BEDROOM, 3 BATH, TWO-STORY condo is PRICED TO REFLECT THE WORK NEEDED, giving you immediate entry at a number that leaves room for real upside. With a SPACIOUS LAYOUT and solid previous renovations already in place, the foundation is here-you're simply unlocking the next level of value. Positioned NEAR THE ENTRANCE of the community (a HIGH-DEMAND LOCATION within the complex), this unit offers added convenience and long-term desirability-two things that matter when it comes to resale and rental performance. Yes, it needs TLC-but that's exactly why the opportunity exists. Run the numbers: light to moderate updates could quickly transform this into a strong RENTAL PROPERTY or a profitable resale. The 3 BED / 3 BATH layout is ideal for maximizing rental income, roommate scenarios, or appealing to larger households-EXPANDING YOUR BUYER OR TENANT POOL instantly. During the day, future tenants or owners will enjoy the space and functionality. Evenings and weekends? That's where your investment works for you-UPGRADES THAT BUILD EQUITY, improvements that increase rents, and a property that becomes more valuable with every smart decision. SOLD AS IS, this is a TRUE VALUE-ADD OPPORTUNITY in a location that supports it. Deals where PRICE, SIZE, LOCATION, and UPSIDE all align like this are getting harder to find-especially in established communities. If you're looking for your next flip, rental, or long-term hold... this is one to run toward, not wait on.
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1986-10-14soldstatus $40,000
ⓘ 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
- $1,102 · $92/mo
- Projected year-2 tax
- $1,102 · $92/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 3/10 Moderate
- Heat 6/10 Major 7 d/yr ≥104°F today · 19 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
- $22,652
- − Mortgage interest
- −$3,361
- − Property taxes
- −$1,102
- − Insurance
- −$300
- − Repairs & maintenance
- −$1,812
- − Management
- −$1,812
- − HOA
- −$2,640
- − Depreciation
- −$1,745
- Taxable income
- $9,879
- Est. tax owed @ 24.0%
- −$2,371
- After-tax cash flow
- $7,706/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 — Union City
- Score
- 58/100
- State rank
- #443
- US rank
- #21281
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Union City, GA
- County
- Fulton County · 1,094,430 people
- City population
- 25,130
- Metro
- Atlanta-Sandy Springs-Alpharetta, GA
- Population (ZIP)
- 25,130
- Household income
- $48,184
- Rent vs Own
- Severe rent burden
- 1778.0
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 (86%)
- Race & ethnicity
- Black 86% Hispanic / Latino 7% Two or more races 6% White 3%
- Hispanic origin (detail)
- Mexican 4%
- Common ancestry
- Italian 1%
- Foreign-born
- 5% · Canada
- Languages at home
- 92% English-only · Spanish 6%
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
- ▲ 23.98%
- Current HPI
- 239.3471
- Rent YoY
- ▲ 2.20%
- 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
+50.0% since first listed6 events — show timeline
- 2026-05-16 Pending — FMLS
- 2026-05-11 Pending — GAMLS
- 2026-05-11 Contingent — FMLS
- 2026-04-13 Listed $60,000 GAMLS
- 2026-04-13 Listed $60,000 FMLS
- 1986-10-14 Sold (Public Records) $40,000 Public Records
Property tax history
+1.8%/yrLatest (2025): $1,102 · +44.1% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…