8997 Norwalk Ct · Riverdale, GA 30238

$159,900

3 bd · 2.0 ba · 1,264 sqft · SingleFamily public records · 23 Days on market

Built 1985 8,712 sqft lot $127/sqft · 32% below area Est $234k · 32% 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 +22.3/30.0
• ARV discount +15.0/15.0
• DSCR +7.1/10.0
• 1% rule +6.1/10.0
• Livability +3.5/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Discover this charming 3-bedroom, 2-bathroom ranch-style home in the heart of Jonesboro. Perfectly situated on a quiet cul-de-sac, this 1,264 sq. ft. residence offers a comfortable, functional layout ideal for easy single-story living. Featuring a bright interior, a spacious living area, and a convenient attached garage, this home provides a solid foundation for your personal touches. Enjoy the convenience of being located near local schools, shopping, and major commuter routes.

Key facts

• Quiet cul-de-sac
• Attached garage
• Spacious living area

Tags

• RANCH-STYLE HOME
• QUIET CUL-DE-SAC
• BRIGHT INTERIOR
• SPACIOUS LIVING AREA
• ATTACHED GARAGE
• NEAR LOCAL SCHOOLS

Property features AI

Finance

• Other: Lot approximately 0.2 acre
• Financial info: Listing accepts Cash, Conventional, FHA, and VA financing
• HOA & community: No homeowners association; No community features

Exterior

• Parking: Attached garage (1 parking space)
• Utilities: Public water; Public sewer; Other utilities
• Home design: Single family residence (house); Resale property; Built in 1985; One story
• Construction: Wood siding; Composition roof; Slab foundation
• Exterior features: Patio; Level lot

Interior

• Kitchen: Dishwasher; Refrigerator
• Bedrooms: 3 bedrooms on the main level
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating; Central air conditioning; Ceiling fan(s)
• Interior features: One-level living; No common walls; Other interior features
• Laundry & utility: Laundry area (other features)

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $263 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $158k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 5.5% in Riverdale — 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 70/100 on livability (#100 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D, amenities F, commute F.
• Clayton County (suburban): math 11% / reading 20% proficiency, ranked #155 of 174 in GA (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Brown Elementary School (math 8% / reading 17%, grade F, #1,032 of 1,228 statewide, top 85%, 700 students, 90% FRL); Pointe South Middle School (math 8% / reading 22%, grade F, #399 of 470 statewide, top 86%, 760 students, 90% FRL).
• Market conditions: Rents rising (+2.1%/yr); 251 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); 865 units permitted in Clayton County in 2024 (448 in 5+ unit buildings).
• This rent runs 34% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Clayton County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y 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

• Climate carrying-cost: moderate flood risk; 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.

Recommended offer $157,501 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 1.11% ✓
• Cap rate: 8.27%
• Cash-on-cash: 7.06%
• DSCR: 1.31
• GRM: 7.5

CMA / ARV

• ARV (median comp): $233,730
• List price: $159,900
• Delta: -31.59%
• 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
9000 Cornell Dr	0.21mi	4/2.0 (+1)	1,275 (+1%)	3mo	$220,000	$173	81
119 Dixboro Dr	0.12mi	4/2.0 (+1)	1,300 (+3%)	5mo	$188,000	$145	80
15 Marissa Cv	0.26mi	3/2.0	1,260 (-0%)	10mo	$207,000	$164	79
59 Burnham Cir	0.46mi	3/2.0	1,279 (+1%)	4mo	$185,000	$145	73
9020 Sterling Ridge Ln	0.30mi	3/1.5	1,344 (+6%)	4mo	$145,000	$108	71
9068 Gatewood Dr	0.20mi	4/2.0 (+1)	1,368 (+8%)	3mo	$255,000	$186	70
338 Fieldgreen Dr	0.50mi	3/2.0	1,351 (+7%)	1mo	$240,000	$178	64
9004 Cornell Dr	0.23mi	3/1.0	1,092 (-14%)	3mo	$117,900	$108	60
8878 Burnham Way	0.38mi	4/2.0 (+1)	1,400 (+11%)	0mo	$245,000	$175	59
90 Inverness Trce	0.57mi	3/2.0	1,393 (+10%)	6mo	$172,000	$123	51
8824 E Bourne	0.42mi	4/2.0 (+1)	1,130 (-11%)	10mo	$230,000	$204	50
259 Independence Dr	0.74mi	3/2.0	1,406 (+11%)	6mo	$245,000	$174	42

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 · 2.06% rent growth · sell at horizon

5-year hold

• IRR: -6.5%
• Equity multiple: 0.76×
• Total profit: $-10,747
• Equity at exit: $23,842

10-year hold

• IRR: 1.9%
• Equity multiple: 1.13×
• Total profit: $5,740
• Equity at exit: $13,825

Cash invested: $44,772 (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 30238

• Home prices YoY: -33.3%
• Rents YoY: 2.1%
• Active inventory: 251
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,779 high
• Mortgage (P&I): −$839
• Tax from tax record: −$236 /mo · $2,837/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$373
• Net cashflow: $263

Break-even live

Break-even rent $1,445

Max offer price $159,900

Occupancy floor 80%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
8970 Cornell Dr Jonesboro, GA	3.0	2.0	1040	$1,585	$1.52	43d	1	0.17mi
8837 Freedom Way Unit 8839 Jonesboro, GA	2.0	1.5	1275	$1,450	$1.14	3d	1	0.40mi
8774 Channing Dr Jonesboro, GA	4.0	2.0	1650	$1,499	$0.91	17d	1	0.40mi
161 Sterling Ridge Dr Riverdale, GA	4.0	2.0	1686	$1,495	$0.89	24d	1	0.41mi
9170 Dorsey Rd Riverdale, GA	2.0	2.0	975	$1,250	$1.28	11d	1	0.42mi
9170 Dorsey Rd Riverdale, GA	2.0	2.0	975	$1,250	$1.28	11d	1	0.42mi
9170 Dorsey Rd Riverdale, GA	4.0	2.0	1358	$1,500	$1.10	12d	1	0.42mi
9138 Clubhouse Dr Riverdale, GA	3.0	2.0	1312	$1,850	$1.41	24d	1	0.46mi
205 Inverness Trce Riverdale, GA	3.0	2.0	1490	$1,719	$1.15	43d	1	0.49mi
9206 Fairway Ct Riverdale, GA	3.0	2.0	1353	$1,690	$1.25	43d	1	0.54mi
9268 Club View Trce Riverdale, GA	3.0	2.5	1224	$2,300	$1.88	24d	1	0.54mi
9245 Club View Trce Riverdale, GA	3.0	2.0	1588	$1,861	$1.17	3d	1	0.54mi
69 Flint River Rd Unit 1UNIT 16 A Riverdale, GA	3.0	2.5	1274	$1,550	$1.22	43d	1	0.56mi
240 Flint River Rd Jonesboro, GA	2.0–3.0	1.0–2.0	918	$1,695	$1.85	2d	67	0.59mi
90 Inverness Trce Riverdale, GA	3.0	2.0	1393	$1,670	$1.20	12d	1	0.59mi
57 Inverness Trce Jonesboro, GA	3.0	2.5	1452	$1,850	$1.27	43d	1	0.64mi
312 Stillwood Ct Jonesboro, GA	4.0	3.0	1598	$2,800	$1.75	43d	1	0.74mi
271 River Chase Dr Jonesboro, GA	3.0	2.0	1148	$1,620	$1.41	24d	1	0.82mi
8542 Taylor Rd Riverdale, GA	3.0	1.0	1120	$1,435	$1.28	5d	1	0.83mi
8931 Wesley Pl Jonesboro, GA	3.0	2.0	1216	$1,498	$1.23	24d	1	0.90mi
222 Peartree Ln Riverdale, GA	3.0	1.5	1028	$1,480	$1.44	24d	1	0.92mi
191 Marsh Glen Dr Jonesboro, GA	4.0	3.0	1550	$2,131	$1.37	4d	1	0.93mi
432 Wesley Park Dr Jonesboro, GA	3.0	2.0	1350	$1,685	$1.25	24d	1	0.98mi
9602 Sleepy Hollow Ln Jonesboro, GA	3.0	2.0	1404	$1,600	$1.14	43d	1	1.00mi
8437 Pineland Dr Jonesboro, GA	2.0	1.5	1031	$1,300	$1.26	10d	1	1.01mi
9430 Sleepy Hollow Ln Jonesboro, GA	3.0	2.0	1320	$1,680	$1.27	5d	1	1.06mi
9360 Thomas Rd Jonesboro, GA	3.0	2.0	1400	$1,700	$1.21	24d	1	1.07mi
9439 Sleepy Hollow Ln Jonesboro, GA	4.0	3.0	1500	$1,745	$1.16	24d	1	1.10mi
9471 Bogey Ct Jonesboro, GA	3.0	2.5	1560	$2,143	$1.37	5d	1	1.11mi
9432 Cypress Ln Jonesboro, GA	2.0	2.0	1253	$1,550	$1.24	24d	1	1.14mi
9432 Cypress Ln Jonesboro, GA	2.0	2.0	1253	$1,550	$1.24	15d	1	1.14mi
9265 Forest Knoll Dr Jonesboro, GA	3.0	2.0	1272	$2,400	$1.89	43d	1	1.15mi
8614 Cedar Creek Rdg Riverdale, GA	3.0	2.5	1728	$1,500	$0.87	43d	1	1.16mi
8584 Guthrie Dr Riverdale, GA	3.0	2.0	1445	$1,650	$1.14	15d	1	1.17mi
8600 Cedar Creek Rdg Riverdale, GA	3.0	2.0	1555	$1,745	$1.12	5d	1	1.18mi
227 Avalon Way Riverdale, GA	4.0	2.0	1812	$2,091	$1.15	4d	1	1.18mi
575 Oak Trace Ct Jonesboro, GA	3.0	2.0	1302	$1,761	$1.35	43d	1	1.23mi
423 Brookfield Way Jonesboro, GA	3.0	2.0	1400	$1,745	$1.25	19d	1	1.23mi
372 Cheri Pl Jonesboro, GA	3.0	2.0	1468	$1,749	$1.19	24d	1	1.24mi
66 Darwin Dr Jonesboro, GA	3.0	2.0	1118	$1,425	$1.27	4d	1	1.24mi

Listing history 21 events

1. 2026-06-08
   status $159,900 Under Contract 23 DOM
2. 2026-06-07
   days on market $159,900 Active 23 DOM
3. 2026-06-04
   days on market $159,900 Active 20 DOM
4. 2026-06-03
   days on market $159,900 Active 19 DOM
5. 2026-06-02
   days on market $159,900 Active 18 DOM
6. 2026-06-01
   days on market $159,900 Active 17 DOM
7. 2026-05-31
   days on market $159,900 Active 16 DOM
8. 2026-05-15
   listed $159,900 New 488-char remark
9. 2022-02-16
   soldstatus $4,857,881
10. 2017-07-31
    soldstatus $2,566,600
11. 2017-01-01
    historical
12. 2016-10-20
    price $84,868
13. 2016-10-10
    price $64,000
14. 2016-09-05
    listed $67,900 New
15. 2014-05-01
    historical
16. 2013-12-07
    price $70,249 Increased
17. 2013-10-28
    listed $63,862 New
18. 2001-07-06
    soldstatus $90,000
19. 1991-09-19
    soldstatus $10,500
20. 1986-04-29
    soldstatus $54,500
21. 1985-10-10
    soldstatus $57,900

ⓘ 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: $2,837 · $236/mo
• Projected year-2 tax: $2,837 · $236/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 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°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

Taxation est. · year 1

• Rental income: $21,343
• − Mortgage interest: −$8,957
• − Property taxes: −$2,837
• − Insurance: −$800
• − Repairs & maintenance: −$1,707
• − Management: −$1,707
• − Depreciation: −$4,652
• Taxable income: $683
• Est. tax owed @ 24.0%: −$164
• After-tax cash flow: $2,998/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Clayton County
• NCES district ID: 1301230
• Math proficiency: 11% ▼ -13.00%
• Reading proficiency: 20% ▼ -9.00%
• Median HH income: $42,266
• Composite: 13.41/100
• National rank: #9527
• State rank: #155 of 174 in GA

Livability — Riverdale

• Score: 70/100
• State rank: #100
• US rank: #7907

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Clayton County · 230,153 people
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 43,191
• Household income: $62,185
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 1992.0

Population outlook (Clayton County) Hauer SSP2

• Today (2025): 310,777 people
• By 2030: 329,762 · +6.1%
• By 2040: 368,052 · +18.4%
• By 2050: 401,196 · +29.1%
• By 2075: 472,488 · +52.0%
• By 2100: 500,446 · +61.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (71%)
• Race & ethnicity: Black 71% Hispanic / Latino 17% White 7% Two or more races 7%
• Hispanic origin (detail): Mexican 13% Puerto Rican 2%
• Foreign-born: 11% · Canada, United Kingdom
• Languages at home: 83% English-only · Spanish 14% French/Haitian/Cajun 1%

Political lean MEDSL · Clayton

• 2024 margin: Solid D (+69.2) · D 84.3% · R 15.1%
• 2008→2024 swing: +2.8pp toward D · 2008: 66.4pp · 2024: 69.2pp
• All cycles: 2024: D+69.2 2020: D+70.9 2016: D+71.9 2012: D+70.1 2008: D+66.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.48%
• Current HPI: 211.6309
• Rent YoY: ▲ 2.06%
• 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

+176.2% since first listed

15 events — show timeline

• 2026-06-08 Pending — GAMLS
• 2026-05-15 Listed $159,900 GAMLS
• 2022-02-16 Sold (Public Records) $4,857,881 Public Records
• 2017-07-31 Sold (Public Records) $2,566,600 Public Records
• 2017-01-01 Listing Removed — GAMLS
• 2016-10-20 Price Changed $84,868 GAMLS
• 2016-10-10 Price Changed $64,000 GAMLS
• 2016-09-05 Listed $67,900 GAMLS
• 2014-05-01 Listing Removed — GAMLS
• 2013-12-07 Price Changed $70,249 GAMLS
• 2013-10-28 Listed $63,862 GAMLS
• 2001-07-06 Sold (Public Records) $90,000 Public Records
• 1991-09-19 Sold (Public Records) $10,500 Public Records
• 1986-04-29 Sold (Public Records) $54,500 Public Records
• 1985-10-10 Sold (Public Records) $57,900 Public Records

Property tax history

+8.4%/yr

Latest (2025): $2,837 · +33.7% YoY. Source: county tax records.