320 Brooks Ave SW · Atlanta, GA 30310

$238,000

4 bd · 2.0 ba · 1,536 sqft · SingleFamily public records · 493 Days on market

Built 1960 5,009 sqft lot $155/sqft · 15% below area Est $281k · 15% 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 +16.8/30.0
• ARV discount +14.4/15.0
• DSCR +5.2/10.0
• 1% rule +4.4/10.0
• 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

**100% FINANCING AVAILABLE ON THIS HOME FOR QUALIFIED BUYERS** A beautifully renovated 4-bedroom, 2-bathroom ranch home This home features stylish updates including stainless steel kitchen appliances, granite countertops, and updated flooring throughout. Conveniently located near shopping, dining, and more! Do not miss this opportunity! Contact SouthState Bank (Amy Buynoski NMLS#545254) at [email protected] for more information on 100% financing options. Advertised product assumes the purchase of a single-family primary residence, 600 minimum FICO, down payment of 0%, and loan amount up to the conforming loan amount limit. Buyer is free to shop financing offers from any lender to choose the best services and best rate.

Key facts

• Large level lot
• Updated flooring
• Granite countertops

Tags

• GRANITE COUNTERTOPS
• UPDATED FLOORING
• LARGE LEVEL LOT

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $238k.

Deal economics

• At list price, monthly cash flow is $152 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $223k (6.2% below list).
• Recommended offer: $209k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.1% 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 (+2.8%/yr); 452 active listings in the ZIP; 35 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 $2,231/mo this rent would consume 50% of the median local household income ($53k/yr) (locally 1676% 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 $2k of loan paydown is wiped out by about $7k 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 493 days — a 12% lower offer ($209k) is reasonable based on typical stale-listing flexibility.
• 15 sale attempts since 10y ago; this cycle's ask has dropped $21k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; list at $238k implies a 138% 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→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $209,440 (12.0% below list)

Questions for the listing agent

1. It's been on market 493 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.94% ✗
• Cap rate: 7.06%
• Cash-on-cash: 2.74%
• DSCR: 1.12
• GRM: 8.9

CMA / ARV

• ARV (median comp): $280,987
• List price: $238,000
• Delta: -15.30%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
325 Betsy Ave SW	0.02mi	3/2.0 (-1)	1,500 (-2%)	21mo	$375,000	$250	72
264 Silver Springs Cir SW	0.39mi	3/2.5 (-1)	1,516 (-1%)	13mo	$275,000	$181	62
279 SW Prairie View Pl	0.55mi	4/2.5	1,608 (+5%)	8mo	$155,000	$96	58
181 Barfield Ave SW	0.33mi	3/1.0 (-1)	1,444 (-6%)	11mo	$90,000	$62	56
208 Silver Springs Cir SW	0.43mi	3/3.0 (-1)	1,630 (+6%)	7mo	$300,000	$184	55
2065 Verbena St	0.58mi	4/2.0	1,640 (+7%)	12mo	$265,000	$162	52
115 Dahlia Ave NW	0.67mi	3/2.0 (-1)	1,500 (-2%)	10mo	$378,000	$252	51
2064 Verbena St NW	0.55mi	3/2.0 (-1)	1,482 (-4%)	18mo	$335,000	$226	48
226 Collum St NW	0.46mi	5/2.0 (+1)	1,688 (+10%)	13mo	$287,500	$170	47
36 Kelso At Peyton Dr SW	0.56mi	3/2.0 (-1)	1,470 (-4%)	20mo	$230,000	$156	45
169 Wadley St NW	0.63mi	4/2.5	1,377 (-10%)	11mo	$335,000	$243	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 · 2.77% rent growth · sell at horizon

5-year hold

• IRR: -12.2%
• Equity multiple: 0.56×
• Total profit: $-29,365
• Equity at exit: $35,487

10-year hold

• IRR: -3.4%
• Equity multiple: 0.77×
• Total profit: $-15,128
• Equity at exit: $20,578

Cash invested: $66,640 (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 30310

• Home prices YoY: -32.8%
• Rents YoY: 2.8%
• Active inventory: 452
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,231 high
• Mortgage (P&I): −$1,248
• Tax from tax record: −$263 /mo · $3,158/yr
• Insurance: −$99
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $152

Break-even live

Break-even rent $2,039

Max offer price $238,000

Occupancy floor 88%

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: $59,500
• Closing costs: $7,140
• Reserves months: —
• Total cash needed: —

Rent comps 35 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2162 Larchwood Rd SW Atlanta, GA	4.0	2.0	1200	$2,550	$2.12	24d	1	0.04mi
364 Brooks Ave SW Atlanta, GA	3.0	2.0	1134	$1,495	$1.32	8d	1	0.09mi
316 Henry Aaron Ave SW Atlanta, GA	3.0	2.0	1740	$1,580	$0.91	24d	1	0.11mi
302 Kelso Dr SW Atlanta, GA	4.0	2.0	1300	$2,200	$1.69	11d	1	0.56mi
302 Kelso Dr SW Atlanta, GA	4.0	2.0	1300	$2,200	$1.69	14d	1	0.56mi
2057 Verbena St NW Atlanta, GA	5.0	3.0	1260	$1,800	$1.43	14d	1	0.60mi
2423 M.L.K. Jr Dr SW Atlanta, GA	1.0–3.0	1.0–2.0	1120	$1,750	$1.56	2d	19	0.65mi
995 Fleetwood Cir SW Atlanta, GA	3.0	2.0	1611	$2,400	$1.49	24d	1	0.69mi
273 Wadley St NW Atlanta, GA	3.0	2.0	1406	$1,990	$1.42	24d	1	0.85mi
1758 Emerald Ave SW Atlanta, GA	4.0	2.0	1873	$2,700	$1.44	11d	1	0.85mi
2111 Martin Luther King Junior Dr NW Atlanta, GA	3.0	1.0	1470	$1,800	$1.22	24d	1	0.92mi
1951 Handley Ave SW Atlanta, GA	3.0	3.0	1589	$3,200	$2.01	24d	1	0.93mi
100 Peyton Pl SW Atlanta, GA	1.0–3.0	1.0–2.0	1040	$1,799	$1.73	2d	26	0.95mi
0 W Lake Ave NW Atlanta, GA	3.0	2.5	1300	$1,900	$1.46	2d	1	0.98mi
1649 Derry Ave SW Atlanta, GA	4.0	2.0	1825	$3,200	$1.75	24d	1	1.02mi
176 Racine St SW Atlanta, GA	3.0	2.0	1423	$2,800	$1.97	24d	1	1.06mi
211 Laurel Ave SW Atlanta, GA	5.0	3.0	2000	$3,100	$1.55	24d	1	1.08mi
1619 Stokes Ave SW Atlanta, GA	3.0	2.0	1332	$2,400	$1.80	3d	1	1.12mi
2590 Godfrey Dr NW Atlanta, GA	3.0	2.0	1308	$1,995	$1.53	16d	1	1.15mi
505 W Ontario Ave SW Atlanta, GA	3.0	2.0	1587	$2,800	$1.76	21d	1	1.16mi
1735 Alvarado Ter SW Atlanta, GA	3.0	2.0	1235	$1,595	$1.29	22d	1	1.19mi
308 Anderson Ave NW Unit A Atlanta, GA	4.0	3.0	1250	$2,200	$1.76	24d	1	1.22mi
198 Wellington St SW Atlanta, GA	3.0	2.5	1787	$2,700	$1.51	24d	1	1.22mi
1770 Springview Rd NW Atlanta, GA	3.0	2.0	1262	$2,000	$1.58	24d	1	1.23mi
195 W Lake Ave NW Unit 1 Atlanta, GA	3.0	2.0	1245	$2,654	$2.13	24d	1	1.26mi
1916 Joseph E. Boone Blvd NW Unit A Atlanta, GA	3.0	1.0	1100	$1,550	$1.41	21d	1	1.28mi
2190 Highview Rd SW Atlanta, GA	3.0	2.5	1305	$2,500	$1.92	2d	1	1.33mi
1462 Lucile Ave SW Atlanta, GA	5.0	3.0	1700	$2,300	$1.35	24d	1	1.38mi
66 Holly Rd NW Atlanta, GA	3.0	2.5	1632	$2,228	$1.37	2d	1	1.39mi
1530 Rogers Ave SW Atlanta, GA	4.0	3.0	2184	$3,300	$1.51	3d	1	1.40mi
1501 Rogers Ave SW Atlanta, GA	3.0	1.0	1980	$2,500	$1.26	24d	1	1.44mi
1578 Linda Way SW Atlanta, GA	3.0	2.0	1343	$2,030	$1.51	14d	1	1.44mi
1948 Detroit Ave NW Unit A Atlanta, GA	3.0	2.5	1205	$1,900	$1.58	24d	1	1.45mi
2507 Dale Creek Dr NW Atlanta, GA	3.0	1.0	1795	$1,900	$1.06	24d	1	1.47mi
1420 Ralph David Abernathy Blvd SW Atlanta, GA	3.0	2.0	1306	$2,400	$1.84	24d	1	1.48mi

Listing history 50 events

1. 2026-06-18
   days on market $238,000 Active 493 DOM
2. 2026-06-17
   days on market $238,000 Active 492 DOM
3. 2026-06-16
   days on market $238,000 Active 491 DOM
4. 2026-06-15
   days on market $238,000 Active 490 DOM
5. 2026-06-13
   days on market $238,000 Active 488 DOM
6. 2026-06-13
   days on market $238,000 Active 487 DOM
7. 2026-06-09
   days on market $238,000 Active 484 DOM
8. 2026-06-08
   days on market $238,000 Active 483 DOM
9. 2026-06-07
   days on market $238,000 Active 482 DOM
10. 2026-06-04
    days on market $238,000 Active 479 DOM
11. 2026-06-03
    days on market $238,000 Active 478 DOM
12. 2026-06-02
    days on market $238,000 Active 477 DOM
13. 2026-06-01
    days on market $238,000 Active 476 DOM
14. 2026-05-31
    days on market $238,000 Active 475 DOM
15. 2025-07-22
    price $238,000 744-char remark

    Show marketing remark (744 chars)

    **100% FINANCING AVAILABLE ON THIS HOME FOR QUALIFIED BUYERS** A beautifully renovated 4-bedroom, 2-bathroom ranch home This home features stylish updates including stainless steel kitchen appliances, granite countertops, and updated flooring throughout. Conveniently located near shopping, dining, and more! Do not miss this opportunity! Contact SouthState Bank (Amy Buynoski NMLS#545254) at [email protected] for more information on 100% financing options. Advertised product assumes the purchase of a single-family primary residence, 600 minimum FICO, down payment of 0%, and loan amount up to the conforming loan amount limit. Buyer is free to shop financing offers from any lender to choose the best services and best rate.

16. 2025-06-17
    price $251,000 744-char remark

    Show marketing remark (744 chars)

    **100% FINANCING AVAILABLE ON THIS HOME FOR QUALIFIED BUYERS** A beautifully renovated 4-bedroom, 2-bathroom ranch home This home features stylish updates including stainless steel kitchen appliances, granite countertops, and updated flooring throughout. Conveniently located near shopping, dining, and more! Do not miss this opportunity! Contact SouthState Bank (Amy Buynoski NMLS#545254) at [email protected] for more information on 100% financing options. Advertised product assumes the purchase of a single-family primary residence, 600 minimum FICO, down payment of 0%, and loan amount up to the conforming loan amount limit. Buyer is free to shop financing offers from any lender to choose the best services and best rate.

17. 2025-02-10
    listed $259,000 New 744-char remark

    Show marketing remark (744 chars)

    **100% FINANCING AVAILABLE ON THIS HOME FOR QUALIFIED BUYERS** A beautifully renovated 4-bedroom, 2-bathroom ranch home This home features stylish updates including stainless steel kitchen appliances, granite countertops, and updated flooring throughout. Conveniently located near shopping, dining, and more! Do not miss this opportunity! Contact SouthState Bank (Amy Buynoski NMLS#545254) at [email protected] for more information on 100% financing options. Advertised product assumes the purchase of a single-family primary residence, 600 minimum FICO, down payment of 0%, and loan amount up to the conforming loan amount limit. Buyer is free to shop financing offers from any lender to choose the best services and best rate.

18. 2019-07-17
    soldstatus $100,000
19. 2019-07-17
    soldstatus $115,000
20. 2017-06-05
    soldstatus $58,800
21. 2017-05-23
    soldstatus $58,750 Sold 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

22. 2017-05-03
    historical Pending 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

23. 2017-05-03
    status Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

24. 2017-04-30
    historical 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

25. 2017-03-30
    status Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

26. 2017-03-30
    historical 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

27. 2017-03-15
    status Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

28. 2017-03-15
    historical 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

29. 2017-02-25
    status Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

30. 2017-02-25
    historical 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

31. 2017-01-26
    status Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

32. 2017-01-25
    historical 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

33. 2017-01-16
    status Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

34. 2017-01-16
    historical 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

35. 2016-12-31
    status Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

36. 2016-12-31
    historical 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

37. 2016-12-16
    status Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

38. 2016-12-16
    historical 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

39. 2016-12-07
    price $60,553 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

40. 2016-12-01
    status Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

41. 2016-12-01
    historical 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

42. 2016-11-19
    status Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

43. 2016-11-16
    historical 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

44. 2016-10-31
    status Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

45. 2016-10-30
    historical 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

46. 2016-10-03
    price $69,425 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

47. 2016-10-03
    price $86,667 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

48. 2016-09-30
    status Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

49. 2016-09-30
    historical 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

50. 2016-08-19
    listed $70,582 Active 202-char remark

    Show marketing remark (202 chars)

    Spacious 4/2 in Florida Heights...Section 8 tenanted for $735 and the Atlanta Housing Authority pays 100% or the rent. Great Cash Flow Property with a tremendous upside. No showings until under contract

ⓘ 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: $3,158 · $263/mo
• Projected year-2 tax: $3,158 · $263/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: $26,777
• − Mortgage interest: −$13,332
• − Property taxes: −$3,158
• − Insurance: −$1,190
• − Repairs & maintenance: −$2,142
• − Management: −$2,142
• − Depreciation: −$6,924
• Taxable loss: −$2,111
• Est. tax savings @ 24.0%: +$507
• After-tax cash flow: $2,335/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): 27,186
• Household income: $53,037
• Rent vs Own: 47.0% rent · 53.0% own
• Severe rent burden: 1676.0

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 (76%)
• Race & ethnicity: Black 76% White 14% Two or more races 4% Hispanic / Latino 4% Asian 2%
• Common ancestry: Lithuanian 1% Slovak 1% Serbian 0%
• Foreign-born: 5% · Canada, South Korea, Vietnam
• Languages at home: 92% English-only · Spanish 4% French/Haitian/Cajun 1% Other Indo-European 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: ▼ -204.00%
• Current HPI: 418.7297
• Rent YoY: ▲ 2.77%
• 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

+1090.0% since first listed

40 events — show timeline

• 2025-07-22 Price Changed $238,000 GAMLS
• 2025-06-17 Price Changed $251,000 GAMLS
• 2025-02-10 Listed $259,000 GAMLS
• 2019-07-17 Sold (Public Records) $115,000 Public Records
• 2019-07-17 Sold (Public Records) $100,000 Public Records
• 2017-06-05 Sold (Public Records) $58,800 Public Records
• 2017-05-23 Sold (MLS) $58,750 FMLS
• 2017-05-03 Contingent — FMLS
• 2017-05-03 Relisted — FMLS
• 2017-04-30 Listing Removed — FMLS
• 2017-03-30 Relisted — FMLS
• 2017-03-30 Listing Removed — FMLS
• 2017-03-15 Relisted — FMLS
• 2017-03-15 Listing Removed — FMLS
• 2017-02-25 Relisted — FMLS
• 2017-02-25 Listing Removed — FMLS
• 2017-01-26 Relisted — FMLS
• 2017-01-25 Listing Removed — FMLS
• 2017-01-16 Relisted — FMLS
• 2017-01-16 Listing Removed — FMLS
• 2016-12-31 Relisted — FMLS
• 2016-12-31 Listing Removed — FMLS
• 2016-12-16 Relisted — FMLS
• 2016-12-16 Listing Removed — FMLS
• 2016-12-07 Price Changed $60,553 FMLS
• 2016-12-01 Relisted — FMLS
• 2016-12-01 Listing Removed — FMLS
• 2016-11-19 Relisted — FMLS
• 2016-11-16 Listing Removed — FMLS
• 2016-10-31 Relisted — FMLS
• 2016-10-30 Listing Removed — FMLS
• 2016-10-03 Price Changed $69,425 FMLS
• 2016-10-03 Price Changed $86,667 FMLS
• 2016-09-30 Relisted — FMLS
• 2016-09-30 Listing Removed — FMLS
• 2016-08-19 Listed $70,582 FMLS
• 2016-07-13 Listing Removed — GAMLS
• 2016-05-24 Listed $72,800 GAMLS
• 2013-04-08 Sold (Public Records) $54,600 Public Records
• 2010-05-14 Price Changed $20,000 GAMLS

Property tax history

+4.3%/yr

Latest (2025): $3,158 · -0.1% YoY. Source: county tax records.