437 Fairlock Ln · Atlanta, GA 30331

$156,000

3 bd · 1.0 ba · 875 sqft · SingleFamily public records · 28 Days on market

Built 1950 7,535 sqft lot Est $149k · at est.

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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 +22.6/30.0
• DSCR +7.3/10.0
• ARV discount +5.3/15.0
• 1% rule +5.0/10.0
• Livability +4.2/5.0
• Rent growth +3.2/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this perfect Atlanta bungalow, where modern updates meet timeless charm. Tucked away on a quiet street, this move-in ready home offers an inviting open-concept layout with beautifully maintained hardwood floors and natural flow throughout the main living spaces. The updated eat-in kitchen is designed for both function and style, featuring contemporary finishes, for casual dining or entertaining. The refreshed bathroom delivers a clean, modern aesthetic with bright finishes and designer touches. An attached carport adds everyday convenience. Step outside to enjoy a privately fenced backyard, offering the perfect setting for pets, gatherings, or simply relaxing outdoors. Ideally located with convenient access to public transportation, Hartsfield-Jackson Atlanta International Airport, dining, shopping, schools, and major commuter routes, this home combines comfort, practicality, and location in one compelling package.

Key facts

• Attached carport
• Refreshed bathroom
• Hardwood floors

Tags

• OPEN-CONCEPT LAYOUT
• HARDWOOD FLOORS
• UPDATED EAT-IN KITCHEN
• REFRESHED BATHROOM
• ATTACHED CARPORT
• PRIVATELY FENCED BACKYARD

Property features AI

Exterior

• Parking: Carport with one space; Garage (faces rear and side); Parking pad
• Utilities: Public water; Public sewer; 220-volt electric service; Cable available; Electricity available; Natural gas available
• Home design: One-level home; Resale property; Brick construction; Composition roof; Fee simple ownership
• Construction: Brick construction; Composition roof; Foundation details: see remarks
• Exterior features: Covered patio/porch; Fenced yard; Crawl space basement (unfinished, dirt floor)

Interior

• Kitchen: Breakfast bar; Eat-in kitchen; Dishwasher
• Bedrooms: Three main-level bedrooms; Bedrooms with no special built-in features listed
• Flooring: Laminate flooring; Other flooring
• Bathrooms: One full bathroom (main level); Master bath: none listed
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Disappearing attic stairs; High-speed internet available; Other built-in features
• Laundry & utility: Laundry located in hall

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $156k.

Deal economics

• At list price, monthly cash flow is $266 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $156k).
• Recommended offer: $154k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.3% 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: 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.
• Zoned schools: Harper-Archer Elementary School (math 2% / reading 8%, grade F, #1,160 of 1,228 statewide, top 98%, 641 students, 100% FRL); John Lewis Invictus Academy (math 2% / reading 2%, grade F, #470 of 470 statewide, top 100%, 825 students, 100% FRL); Frederick Douglass High School (math 24%, 1,112 students, 100% FRL) — zoned schools average 100% FRL vs 71% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 4% at this address vs 32% district-wide (-28 pts) — the specific schools serving this property underperform the Atlanta Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.6%/yr); 483 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 11,565 units permitted in Fulton County in 2024 (8,159 in 5+ unit buildings).
• This rent runs 30% of the median local income ($63k/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.
• 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 28 days — a 2% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y ago; this cycle's ask has dropped $33k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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.

Recommended offer $153,660 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — 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. 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.
4. 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.
5. 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: 1.00% ✓
• Cap rate: 8.34%
• Cash-on-cash: 7.32%
• DSCR: 1.33
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $148,750
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3683 Fairlane Dr NW	0.05mi	3/1.0	875 (0%)	1mo	$120,000	$137	96
474 Fairlock Ln NW	0.07mi	3/1.0	875 (0%)	13mo	$224,000	$256	86
3512 Fairlane Dr NW	0.32mi	3/1.0	875 (0%)	10mo	$224,500	$257	77
3828 Collier Dr	0.30mi	2/1.0 (-1)	800 (-9%)	2mo	$90,000	$113	65
851 Amber Pl NW	0.72mi	3/1.0	825 (-6%)	1mo	$150,000	$182	56
679 Bolton Rd NW	0.39mi	3/1.0	1,000 (+14%)	5mo	$123,000	$123	54
3519 Adkins Rd NW	0.39mi	3/1.0	1,000 (+14%)	8mo	$170,000	$170	51
3731 Adkins Rd NW	0.47mi	3/1.0	1,000 (+14%)	8mo	$150,000	$150	48
3730 Clovis Ct NW	0.55mi	3/2.0	1,000 (+14%)	2mo	$211,999	$212	45
3395 Lake Valley Rd NW	0.52mi	2/2.0 (-1)	954 (+9%)	12mo	$185,000	$194	42
3494 Thompson Dr	0.49mi	2/1.0 (-1)	980 (+12%)	14mo	$110,000	$112	41
439 Oakside Dr SW	0.62mi	3/1.0	1,000 (+14%)	12mo	$140,000	$140	37

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 · 2.63% rent growth · sell at horizon

5-year hold

• IRR: -5.5%
• Equity multiple: 0.80×
• Total profit: $-8,929
• Equity at exit: $23,260

10-year hold

• IRR: 3.7%
• Equity multiple: 1.26×
• Total profit: $11,541
• Equity at exit: $13,488

Cash invested: $43,680 (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 30331

• Home prices YoY: -34.2%
• Rents YoY: 2.6%
• Active inventory: 483
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,566 high
• Mortgage (P&I): −$818
• Tax from tax record: −$87 /mo · $1,047/yr
• Insurance: −$65
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $266

Break-even live

Break-even rent $1,228

Max offer price $156,000

Occupancy floor 78%

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: $39,000
• Closing costs: $4,680
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
470 Bolton Rd NW Unit D1 Atlanta, GA	2.0	1.5	1100	$1,395	$1.27	24d	1	0.09mi
3590 Collier Dr NW Atlanta, GA	4.0	4.0	1110	$1,100	$0.99	11d	1	0.18mi
3669 Martin Luther King Jr Dr SW Atlanta, GA	2.0	1.5	800	$1,300	$1.62	5d	2	0.32mi
3466 Fairlane Dr NW Atlanta, GA	3.0	1.0	950	$1,495	$1.57	24d	1	0.43mi
3774 Clovis Ct NW Atlanta, GA	3.0	1.0	1000	$1,445	$1.45	22d	1	0.53mi
3456 Thompson Dr NW Atlanta, GA	3.0	1.0	975	$1,750	$1.79	24d	1	0.57mi
842 Bonneville Ter NW Atlanta, GA	2.0	2.0	1100	$1,855	$1.69	24d	1	0.83mi
586 Oakside Dr SW Unit A Atlanta, GA	3.0	1.0	1075	$1,325	$1.23	15d	1	0.86mi
586 Oakside Dr SW Unit B Atlanta, GA	2.0	1.0	1075	$1,065	$0.99	15d	1	0.86mi
942 Fairburn Rd NW Atlanta, GA	3.0	2.0	900	$1,623	$1.80	22d	1	0.91mi
875 Fairburn Rd NW Atlanta, GA	3.0	1.0	850	$1,375	$1.62	17d	1	0.97mi
40 Candlelight Ln SW Unit A Atlanta, GA	2.0	2.0	1098	$1,500	$1.37	24d	1	1.11mi
3188 Delmar Ln NW Atlanta, GA	3.0	2.0	1124	$2,400	$2.14	24d	1	1.22mi
3440 Boulder Park Dr SW Atlanta, GA	2.0	1.0	800	$1,050	$1.31	10d	3	1.29mi
1021 Harwell Rd NW Atlanta, GA	1.0–2.0	1.0–1.5	1002	$1,534	$1.53	8d	15	1.36mi
1070 Bolton Rd NW Atlanta, GA	1.0–3.0	1.0–3.0	1094	$2,196	$2.01	2d	12	1.39mi
294 Brownlee Rd SW Atlanta, GA	2.0	1.5	950	$1,050	$1.11	17d	2	1.44mi

Listing history 30 events

1. 2026-06-18
   days on market $156,000 Active 28 DOM
2. 2026-06-17
   days on market $156,000 Active 27 DOM
3. 2026-06-16
   days on market $156,000 Active 26 DOM
4. 2026-06-15
   price $156,000 Active 25 DOM
5. 2026-06-15
   days on market $169,000 Active 25 DOM
6. 2026-06-13
   days on market $169,000 Active 23 DOM
7. 2026-06-13
   days on market $169,000 Active 22 DOM
8. 2026-06-09
   pricedays on market $169,000 Active 19 DOM
9. 2026-06-08
   days on market $189,000 Active 18 DOM
10. 2026-06-07
    days on market $189,000 Active 17 DOM
11. 2026-06-04
    days on market $189,000 Active 14 DOM
12. 2026-06-03
    days on market $189,000 Active 13 DOM
13. 2026-06-02
    days on market $189,000 Active 12 DOM
14. 2026-06-01
    days on market $189,000 Active 11 DOM
15. 2026-05-31
    days on market $189,000 Active 10 DOM
16. 2026-05-15
    listed $189,000 New 944-char remark

    Show marketing remark (944 chars)

    Welcome home to this perfect Atlanta bungalow, where modern updates meet timeless charm. Tucked away on a quiet street, this move-in ready home offers an inviting open-concept layout with beautifully maintained hardwood floors and natural flow throughout the main living spaces. The updated eat-in kitchen is designed for both function and style, featuring contemporary finishes, for casual dining or entertaining. The refreshed bathroom delivers a clean, modern aesthetic with bright finishes and designer touches. An attached carport adds everyday convenience. Step outside to enjoy a privately fenced backyard, offering the perfect setting for pets, gatherings, or simply relaxing outdoors. Ideally located with convenient access to public transportation, Hartsfield-Jackson Atlanta International Airport, dining, shopping, schools, and major commuter routes, this home combines comfort, practicality, and location in one compelling package.

17. 2026-05-15
    listed $189,000 Active

    Show marketing remark (944 chars)

    Welcome home to this perfect Atlanta bungalow, where modern updates meet timeless charm. Tucked away on a quiet street, this move-in ready home offers an inviting open-concept layout with beautifully maintained hardwood floors and natural flow throughout the main living spaces. The updated eat-in kitchen is designed for both function and style, featuring contemporary finishes, for casual dining or entertaining. The refreshed bathroom delivers a clean, modern aesthetic with bright finishes and designer touches. An attached carport adds everyday convenience. Step outside to enjoy a privately fenced backyard, offering the perfect setting for pets, gatherings, or simply relaxing outdoors. Ideally located with convenient access to public transportation, Hartsfield-Jackson Atlanta International Airport, dining, shopping, schools, and major commuter routes, this home combines comfort, practicality, and location in one compelling package.

18. 2026-05-04
    historical
19. 2026-01-06
    price $169,000
20. 2025-12-03
    price $190,000
21. 2025-11-02
    listed $265,000 New
22. 2021-08-31
    soldstatus $195,000
23. 2021-08-26
    soldstatus $195,000 Sold
24. 2021-08-05
    status Under Contract
25. 2021-07-11
    listed $195,000 New
26. 2021-03-10
    soldstatus $87,000
27. 2021-03-10
    soldstatus $87,000
28. 2021-01-29
    historical
29. 2021-01-21
    listed $105,000 New
30. 2002-06-25
    soldstatus $35,000

ⓘ 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: $1,047 · $87/mo
• Projected year-2 tax: $1,435 · $120/mo
• Expected delta: +$388/yr (+$32/mo · 37.1%)

ⓘ 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 · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,787
• − Mortgage interest: −$8,738
• − Property taxes: −$1,047
• − Insurance: −$780
• − Repairs & maintenance: −$1,503
• − Management: −$1,503
• − Depreciation: −$4,538
• Taxable income: $678
• Est. tax owed @ 24.0%: −$163
• After-tax cash flow: $3,035/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

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

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): 62,567
• Household income: $62,623
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 3748.0

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 (94%)
• Race & ethnicity: Black 94% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Hispanic 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 1% 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: ▼ -106.38%
• Current HPI: 204.5402
• Rent YoY: ▲ 2.63%
• 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

+440.0% since first listed

15 events — show timeline

• 2026-05-15 Listed $189,000 FMLS
• 2026-05-15 Listed $189,000 GAMLS
• 2026-05-04 Listing Removed — GAMLS
• 2026-01-06 Price Changed $169,000 GAMLS
• 2025-12-03 Price Changed $190,000 GAMLS
• 2025-11-02 Listed $265,000 GAMLS
• 2021-08-31 Sold (Public Records) $195,000 Public Records
• 2021-08-26 Sold (MLS) $195,000 GAMLS
• 2021-08-05 Pending — GAMLS
• 2021-07-11 Listed $195,000 GAMLS
• 2021-03-10 Sold (Public Records) $87,000 Public Records
• 2021-03-10 Sold (Public Records) $87,000 Public Records
• 2021-01-29 Listing Removed — GAMLS
• 2021-01-21 Listed $105,000 GAMLS
• 2002-06-25 Sold (Public Records) $35,000 Public Records

Property tax history

-1.0%/yr

Latest (2025): $1,047 · +10.3% YoY. Source: county tax records.