2907 Palm Dr Unit A&B · East Point, GA 30344

$275,000

None bd · None ba · — sqft · MultiFamily · 226 Days on market

Built 1962 Fair condition 6,969 sqft lot Est $351k · 22% under ↓ 5% since listing

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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 +27.4/30.0
• ARV discount +15.0/15.0
• DSCR +9.6/10.0
• 1% rule +7.4/10.0
• Schools +4.5/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

This Amazing Opportunity Is Waiting For You!! You have found your investment / house-hack property minutes from Hartsfield Jackson International Airport. With this property being minutes from the airport, it is perfect for frequent travelers, savvy investors, or a professional looking to house hack --live in one unit and rent the other! Each unit offers two bedrooms / one full bathroom?hardwood flooring. There is an open-concept living and kitchen area with two entrances, one on each side. Each unit has its private driveway. Located across from the Cleveland Ave Walmart, new Chase bank, and car wash-- there is new development all around! Also within 2-3 miles of the Georgia International Convention Center, Cultured South Brewery, and the Legacy Event Center. A little TLC will make this the perfect property.

Key facts

• 6,969 sq ft lot
• 2 parking spots
• Built 1962

What this means for you Summary

Snapshot

• This is a multifamily listed at $275k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $802 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $275k).
• Recommended offer: $242k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.8% vs local median 5.1% in East Point — 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 72/100 on livability (#72 in GA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, schools F, crime 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 (+1.4%/yr); 283 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 $3,421/mo this rent would consume 60% of the median local household income ($68k/yr) (locally 2226% 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 $8k 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 226 days — a 12% lower offer ($242k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $15k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major flood risk; moderate wind risk, 25% 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 $242,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 226 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. Crime grade is F 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?
8. 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.
9. 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.
10. 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: 1.24% ✓
• Cap rate: 9.79%
• Cash-on-cash: 12.50%
• DSCR: 1.56
• GRM: 6.7

CMA / ARV

• ARV (median comp): $351,132
• List price: $275,000
• Delta: -21.68%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2928 Harlan Dr	0.04mi	2/2.0	—	14mo	$220,000	—	74
2747 Miles Cir	0.35mi	5/3.0	—	11mo	$415,000	—	62
918 Jefferson Ave	0.68mi	4/—	—	4mo	$340,000	—	53
2744 Miles Cir	0.34mi	8/4.0	3,420	23mo	$540,000	$158	52
1331 Pine Ave	0.75mi	4/2.0	—	2mo	$300,000	—	51

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 · 1.35% rent growth · sell at horizon

5-year hold

• IRR: 0.3%
• Equity multiple: 1.01×
• Total profit: $990
• Equity at exit: $41,003

10-year hold

• IRR: 8.2%
• Equity multiple: 1.58×
• Total profit: $44,674
• Equity at exit: $23,777

Cash invested: $77,000 (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 30344

• Home prices YoY: -31.0%
• Rents YoY: 1.4%
• Active inventory: 283
• Price-to-rent: 13.4×

Monthly cashflow live

• Estimated rent: $3,421 high
• Mortgage (P&I): −$1,442
• Tax est. 1.5%: −$344 /mo · $4,125/yr
• Insurance: −$115
• HOA: −$0
• Vacancy / Maint / Mgmt: −$718
• Net cashflow: $802

Break-even live

Break-even rent $2,406

Max offer price $275,000

Occupancy floor 72%

Sensitivity live

Price	-10% $992	-5% $897	+0% $802	+5% $707	+10% $612
Rent	-10% $532	-5% $667	+0% $802	+5% $937	+10% $1,072
Rate	-1.0pp $941	-0.5pp $872	base $802	+0.5pp $731	+1.0pp $658

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,422
Total (2 units)			$3,421

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2932 Palm Dr Atlanta, GA	3.0	2.5	1589	$3,200	$2.01	5d	1	0.07mi
2952 Palm Dr Atlanta, GA	3.0	2.0	1120	$1,875	$1.67	5d	1	0.11mi
2874 Blount St Atlanta, GA	3.0	1.0	1190	$1,750	$1.47	5d	1	0.13mi
2801 Palm Dr Atlanta, GA	3.0	1.0	1064	$1,550	$1.46	13d	1	0.18mi
2935 Akron St Atlanta, GA	1.0	1.0	400	$1,500	$3.75	25d	1	0.25mi
2744 Miles Cir Unit 2746 Atlanta, GA	2.0	1.0	800	$1,295	$1.62	2d	1	0.32mi
2748 Blount St Atlanta, GA	3.0	1.0	1068	$1,850	$1.73	44d	1	0.34mi
2718 Miles Cir Unit 1 Atlanta, GA	2.0	1.0	750	$1,300	$1.73	15d	1	0.38mi
1100 Washington Cir Atlanta, GA	1.0–4.0	1.0–1.5	1000	$1,333	$1.33	3d	1	0.48mi
2663 Blount St Atlanta, GA	3.0	2.0	1168	$1,650	$1.41	17d	1	0.49mi
2636 Acadia St Atlanta, GA	3.0	2.0	1300	$1,800	$1.38	25d	1	0.51mi
2626 Blount St Atlanta, GA	2.0	1.0	1314	$1,460	$1.11	25d	1	0.54mi
2611 Springdale Rd SW Atlanta, GA	1.0	1.0	546	$1,071	$1.96	25d	1	0.55mi
1244 Calhoun Ave Atlanta, GA	3.0	1.5	1072	$1,673	$1.56	44d	1	0.59mi
1255 Pine Ave Unit 2 East Point, GA	2.0	1.0	700	$1,400	$2.00	44d	1	0.60mi
1275 Calhoun Ave Atlanta, GA	3.0	2.0	—	$2,700	—	44d	1	0.63mi
3162 Oakdale Rd Atlanta, GA	3.0	1.0	1040	$3,200	$3.08	44d	1	0.65mi
2710 Winburn Ter Atlanta, GA	3.0	2.0	1500	$1,800	$1.20	44d	1	0.66mi
3041 North St Unit B East Point, GA	2.0	1.0	650	$895	$1.38	44d	1	0.67mi
2533 Sylvan Rd Atlanta, GA	3.0	2.0	1692	$1,995	$1.18	25d	1	0.68mi
2541 Jewel St Unit B East Point, GA	1.0	1.0	600	$1,000	$1.67	44d	1	0.74mi
1347 Washington Rd Unit A East Point, GA	2.0	1.0	1250	$1,049	$0.84	44d	1	0.75mi
735 Oak Dr Hapeville, GA	2.0	1.0	1053	$1,550	$1.47	22d	1	0.78mi
735 Oak Dr Hapeville, GA	2.0	1.0	—	$1,600	—	25d	1	0.78mi
3028 Grand Ave SW Atlanta, GA	1.0	1.0	1048	$900	$0.86	5d	1	0.82mi
1377 Pine Ave Atlanta, GA	3.0	2.0	1100	$1,675	$1.52	22d	1	0.83mi
3018 Grand Ave SW Atlanta, GA	2.0	1.0	825	$1,400	$1.70	5d	1	0.83mi
2456 Harwood Dr Atlanta, GA	2.0	2.0	1176	$1,995	$1.70	44d	1	0.83mi
625 Coleman St Atlanta, GA	2.0	1.5	—	$1,495	—	17d	1	0.85mi
532 Cleveland Ave SW Atlanta, GA	2.0	1.0	836	$925	$1.11	22d	1	0.86mi
532 Cleveland Ave SW Atlanta, GA	2.0	1.0	836	$950	$1.14	15d	1	0.86mi
1408 Lyle Ave Unit A Atlanta, GA	2.0	1.0	842	$1,350	$1.60	25d	1	0.86mi
905 Willingham Dr #23 Atlanta, GA	3.0	2.5	2050	$2,850	$1.39	18d	1	0.88mi
3116 Jackson St Atlanta, GA	2.0	2.0	1016	$1,900	$1.87	44d	1	0.89mi
1344 Winburn Dr Atlanta, GA	3.0	2.0	1388	$2,100	$1.51	25d	1	0.91mi
2875 3rd Ave SW Unit A Atlanta, GA	2.0	1.0	900	$1,245	$1.38	2d	1	0.92mi
1354 Winburn Dr Atlanta, GA	2.0	1.0	1089	$1,750	$1.61	25d	1	0.92mi
1354 Winburn Dr Atlanta, GA	3.0	1.0	1000	$1,850	$1.85	5d	1	0.92mi
3327 Sims St Atlanta, GA	1.0	1.0	—	$772	—	22d	1	0.93mi
3327 Sims St Atlanta, GA	1.0	1.0	—	$1,092	—	15d	1	0.93mi

Listing history 12 events

1. 2026-06-09
   days on market $275,000 Active 226 DOM
2. 2026-06-08
   days on market $275,000 Active 225 DOM
3. 2026-06-07
   days on market $275,000 Active 224 DOM
4. 2026-06-04
   days on market $275,000 Active 221 DOM
5. 2026-06-03
   days on market $275,000 Active 220 DOM
6. 2026-06-01
   days on market $275,000 Active 218 DOM
7. 2026-05-31
   days on market $275,000 Active 217 DOM
8. 2026-02-04
   price $275,000 820-char remark

   Show marketing remark (820 chars)

   This Amazing Opportunity Is Waiting For You!! You have found your investment / house-hack property minutes from Hartsfield Jackson International Airport. With this property being minutes from the airport, it is perfect for frequent travelers, savvy investors, or a professional looking to house hack --live in one unit and rent the other! Each unit offers two bedrooms / one full bathroom?hardwood flooring. There is an open-concept living and kitchen area with two entrances, one on each side. Each unit has its private driveway. Located across from the Cleveland Ave Walmart, new Chase bank, and car wash-- there is new development all around! Also within 2-3 miles of the Georgia International Convention Center, Cultured South Brewery, and the Legacy Event Center. A little TLC will make this the perfect property.

9. 2025-12-29
   status Back On Market 820-char remark

   Show marketing remark (820 chars)

   This Amazing Opportunity Is Waiting For You!! You have found your investment / house-hack property minutes from Hartsfield Jackson International Airport. With this property being minutes from the airport, it is perfect for frequent travelers, savvy investors, or a professional looking to house hack --live in one unit and rent the other! Each unit offers two bedrooms / one full bathroom?hardwood flooring. There is an open-concept living and kitchen area with two entrances, one on each side. Each unit has its private driveway. Located across from the Cleveland Ave Walmart, new Chase bank, and car wash-- there is new development all around! Also within 2-3 miles of the Georgia International Convention Center, Cultured South Brewery, and the Legacy Event Center. A little TLC will make this the perfect property.

10. 2025-12-12
    status Under Contract 820-char remark

    Show marketing remark (820 chars)

    This Amazing Opportunity Is Waiting For You!! You have found your investment / house-hack property minutes from Hartsfield Jackson International Airport. With this property being minutes from the airport, it is perfect for frequent travelers, savvy investors, or a professional looking to house hack --live in one unit and rent the other! Each unit offers two bedrooms / one full bathroom?hardwood flooring. There is an open-concept living and kitchen area with two entrances, one on each side. Each unit has its private driveway. Located across from the Cleveland Ave Walmart, new Chase bank, and car wash-- there is new development all around! Also within 2-3 miles of the Georgia International Convention Center, Cultured South Brewery, and the Legacy Event Center. A little TLC will make this the perfect property.

11. 2025-10-10
    listed $290,000 New 820-char remark

    Show marketing remark (820 chars)

    This Amazing Opportunity Is Waiting For You!! You have found your investment / house-hack property minutes from Hartsfield Jackson International Airport. With this property being minutes from the airport, it is perfect for frequent travelers, savvy investors, or a professional looking to house hack --live in one unit and rent the other! Each unit offers two bedrooms / one full bathroom?hardwood flooring. There is an open-concept living and kitchen area with two entrances, one on each side. Each unit has its private driveway. Located across from the Cleveland Ave Walmart, new Chase bank, and car wash-- there is new development all around! Also within 2-3 miles of the Georgia International Convention Center, Cultured South Brewery, and the Legacy Event Center. A little TLC will make this the perfect property.

12. 2025-10-06
    historical $290,000 820-char remark

    Show marketing remark (820 chars)

    This Amazing Opportunity Is Waiting For You!! You have found your investment / house-hack property minutes from Hartsfield Jackson International Airport. With this property being minutes from the airport, it is perfect for frequent travelers, savvy investors, or a professional looking to house hack --live in one unit and rent the other! Each unit offers two bedrooms / one full bathroom?hardwood flooring. There is an open-concept living and kitchen area with two entrances, one on each side. Each unit has its private driveway. Located across from the Cleveland Ave Walmart, new Chase bank, and car wash-- there is new development all around! Also within 2-3 miles of the Georgia International Convention Center, Cultured South Brewery, and the Legacy Event Center. A little TLC will make this the perfect property.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% 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: $41,052
• − Mortgage interest: −$15,404
• − Property taxes: −$4,125
• − Insurance: −$1,375
• − Repairs & maintenance: −$3,284
• − Management: −$3,284
• − Depreciation: −$8,000
• Taxable income: $5,579
• Est. tax owed @ 24.0%: −$1,339
• After-tax cash flow: $8,286/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.

Condition & rehab AI · 1 photo

Fair 45/100 Moderate rehab

This multi-family property requires moderate renovations, focusing on exterior repairs and painting to enhance its curb appeal and value.

Repairs flagged

• Major exterior siding — Significant wear and tear
• Major interior walls and paint — No visible photos, but likely in poor condition

Value-add opportunities

• Both paint exterior — Enhances curb appeal and value
• Both repair driveway — Improves accessibility and aesthetics

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Significant wear and tear	Major	$15,000–50,000
interior walls and paint · No visible photos, but likely in poor condition	Major	$15,000–50,000
Total estimated repair cost · 2 items		$30,000–100,000

Value-add ROI direction

• Both paint exterior — Enhances curb appeal and value ↑
• Both repair driveway — Improves accessibility and aesthetics ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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 — East Point

• Score: 72/100
• State rank: #72
• US rank: #6314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Point, GA
• County: Fulton County · 1,094,430 people
• City population: 35,456
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 35,456
• Household income: $68,380
• Rent vs Own: 56.9% rent · 43.1% own
• Severe rent burden: 2226.0

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 (74%)
• Race & ethnicity: Black 74% White 11% Hispanic / Latino 11% Two or more races 6%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1%
• Common ancestry: Italian 1% Swiss 1% Russian 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 87% English-only · Spanish 9% Other Indo-European 1% German/W. Germanic 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: ▼ -113.15%
• Current HPI: 251.7916
• Rent YoY: ▲ 1.35%
• 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

-5.2% since first listed

5 events — show timeline

• 2026-02-04 Price Changed $275,000 GAMLS
• 2025-12-29 Relisted — GAMLS
• 2025-12-12 Pending — GAMLS
• 2025-10-10 Listed $290,000 GAMLS
• 2025-10-06 Coming Soon $290,000 GAMLS