3145 Hazelwood Dr SW · Atlanta, GA 30311

$240,000

3 bd · 3.0 ba · 1,533 sqft · SingleFamily public records · 23 Days on market

Built 1972 0.41 ac lot $157/sqft · 34% below area Est $364k · 34% 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 +20.8/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +4.2/10.0
• Livability +4.2/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 4-sided brick home on a basement is located in one of Atlanta's most Iconic neighborhoods. This is true Cascade, home to so many notable contributors to Atlanta History through the Civil Rights Movement, The Atlanta University Center, famous sports legends and entertainers. The home has the quintessential 3-bedroom. 2-bathroom, formal living and dining room with a den floorplan. There is a bonus screened porch on the main level. There is a huge basement with a fireplace and full bathroom. All of this needs extensive repairs and updating making this home a fabulous investment. Beautiful half acre lot with private a private, serene backyard. This is one of those neighborhoods that continue to stand the test of time. This property requires extensive renovation and updating, The Comps will support a high value flip. Proof of funds (or lender letter for hard money) No due diligence or short inspection period preferred, As-Is offers only Seller will prioritize clean terms, strong pricing, and quick closing timelines. Decision to be made quickly.

Key facts

• Huge basement
• Basement
• Screened porch

Tags

• 4 SIDED BRICK HOME
• BASEMENT
• SCREENED PORCH
• HUGE BASEMENT
• PRIVATE SERENE BACKYARD

Property features AI

Finance

• HOA & community: Near public transportation; Sidewalks; Street lights

Exterior

• Parking: Attached carport with space for two vehicles; Kitchen-level access to parking
• Utilities: Public water; Public sewer; Electric service (other); Cable available; Natural gas available; Phone available
• Home design: One-level home; Brick on all four sides; Composition roof; Resale condition; See remarks for foundation details
• Construction: Brick 4-sides construction; Composition roof; Finished full basement
• Exterior features: Private yard; Chain link fenced yard; Screened porch

Interior

• Kitchen: Electric range; Refrigerator; Stained cabinets; Laminate countertops; Separate dining room adjacent to the kitchen
• Bedrooms: Three main-level bedrooms; Primary suite on the main level
• Flooring: Hardwood floors
• Bathrooms: Three full bathrooms; Two full bathrooms on the main level; One full bathroom in the lower level; Primary bathroom with shower (no tub)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Two fireplaces (one factory-built in the family room and one in the basement); Finished full basement; No shared/common walls; Other interior updates/features
• Laundry & utility: Main-level laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $331 ($4k/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 $222k (7.5% below list).
• Recommended offer: $222k (7.5% below list) — sets the bar for 1% rule.
• Cap rate 7.9% 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: West Manor Elementary School (math 24% / reading 24%, grade F, #753 of 1,228 statewide, top 64%, 248 students, 100% FRL); Jean Childs Young Middle School (math 2% / reading 12%, grade F, #449 of 470 statewide, top 97%, 747 students, 100% FRL); Benjamin E. Mays High School (math 22% / reading 15%, grade F, #254 of 424 statewide, top 61%, 1,337 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 17% at this address vs 32% district-wide (-15 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 soft (-0.2%/yr); 245 active listings in the ZIP; 27 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 $2,219/mo this rent would consume 53% of the median local household income ($51k/yr) (locally 2825% 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 23 days — a 2% lower offer ($236k) 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.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $221,908 (7.5% below list)

Questions for the listing agent

1. Built in 1972 — 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: 0.92% ✗
• Cap rate: 7.95%
• Cash-on-cash: 5.91%
• DSCR: 1.26
• GRM: 9.0

CMA / ARV

• ARV (median comp): $364,124
• List price: $240,000
• Delta: -34.09%
• 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
835 Lynn Cir SW	0.45mi	3/3.0	1,634 (+7%)	1mo	$363,000	$222	67
3137 Ardley Rd SW	0.08mi	4/2.0 (+1)	1,665 (+9%)	8mo	$259,900	$156	66
3330 SW Pamlico Dr	0.54mi	3/2.0	1,502 (-2%)	6mo	$280,000	$186	63
3457 Spreading Oak Dr SW	0.64mi	3/2.0	1,564 (+2%)	7mo	$205,000	$131	57
970 Tuckawanna Dr	0.36mi	3/1.0	1,471 (-4%)	16mo	$250,000	$170	55
1026 Lynhurst Dr SW	0.17mi	3/2.0	1,728 (+13%)	15mo	$285,000	$165	54
3219 W Manor Ln	0.65mi	3/2.0	1,592 (+4%)	9mo	$349,000	$219	52
3281 Annelaine Dr SW	0.65mi	3/2.5	1,733 (+13%)	2mo	$330,000	$190	44
3209 W Manor Cir SW	0.65mi	2/1.0 (-1)	1,389 (-9%)	0mo	$160,000	$115	41
2873 Bob White Dr SW	0.55mi	4/3.5 (+1)	1,721 (+12%)	10mo	$535,000	$311	38
591 Lynn Cir SW	0.73mi	3/1.5	1,685 (+10%)	15mo	$195,000	$116	31
722 Lynn Cir SW	0.62mi	4/3.0 (+1)	1,758 (+15%)	17mo	$324,675	$185	27

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -10.2%
• Equity multiple: 0.64×
• Total profit: $-24,435
• Equity at exit: $35,785

10-year hold

• IRR: -5.1%
• Equity multiple: 0.71×
• Total profit: $-19,732
• Equity at exit: $20,751

Cash invested: $67,200 (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 30311

• Home prices YoY: -33.3%
• Rents YoY: -0.2%
• Active inventory: 245
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,219 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$64 /mo · $764/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$466
• Net cashflow: $331

Break-even live

Break-even rent $1,800

Max offer price $240,000

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1026 Lynhurst Dr SW Atlanta, GA	3.0	2.0	1728	$2,500	$1.45	13d	1	0.16mi
871 Laurelmont Dr SW Atlanta, GA	3.0	2.0	1210	$2,000	$1.65	24d	1	0.30mi
1284 Lynhurst Dr SW Atlanta, GA	3.0	2.0	1978	$2,050	$1.04	19d	1	0.55mi
3039 Lynn Dr SW Atlanta, GA	3.0	2.0	1756	$2,300	$1.31	24d	1	0.66mi
3311 Rabun Dr SW Atlanta, GA	3.0	2.0	1523	$2,350	$1.54	24d	1	0.89mi
1580 Childress Dr SW Atlanta, GA	4.0	2.0	1746	$2,250	$1.29	14d	1	1.05mi
3616 Utoy Dr SW Atlanta, GA	3.0	3.5	1496	$1,950	$1.30	44d	1	1.16mi
513 Constellation Overlook SW Atlanta, GA	3.0	2.5	1446	$2,300	$1.59	24d	1	1.17mi
3606 Ginnis Dr SW #8 Atlanta, GA	2.0	2.5	1224	$1,411	$1.15	8d	1	1.22mi
658 Providence Pl SW Atlanta, GA	3.0	3.5	1571	$2,100	$1.34	24d	1	1.25mi
460 Peyton Rd SW Unit B Atlanta, GA	2.0	2.0	1500	$2,000	$1.33	24d	1	1.26mi
648 Providence Pl SW #37 Atlanta, GA	3.0	3.5	1416	$2,195	$1.55	24d	1	1.27mi
200 Suttles Dr SW Atlanta, GA	3.0	2.5	1900	$2,123	$1.12	24d	1	1.29mi
778 Nehemiah Ln SW Atlanta, GA	2.0	2.5	1576	$1,950	$1.24	24d	1	1.29mi
975 Society Cir SW Atlanta, GA	4.0	3.5	1700	$2,350	$1.38	2d	1	1.36mi
708 Crestwell Cir SW Atlanta, GA	2.0	2.5	1236	$1,645	$1.33	24d	1	1.36mi
722 Crestwell Cir #722 Atlanta, GA	2.0	3.0	1440	$2,279	$1.58	21d	1	1.38mi
897 Ambient Way SW Atlanta, GA	2.0	2.5	1500	$2,155	$1.44	24d	1	1.39mi
1736 Devon Dr SW Atlanta, GA	3.0	2.5	1354	$2,000	$1.48	24d	1	1.40mi
887 Ambient Way SW Atlanta, GA	2.0	2.5	1344	$2,250	$1.67	24d	1	1.41mi
755 Crestwell Cir SW Atlanta, GA	2.0	2.5	1546	$1,800	$1.16	24d	1	1.41mi
3230 Cushman Cir SW Atlanta, GA	2.0	1.0	1143	$1,200	$1.05	8d	1	1.42mi
751 Fairburn Rd SW Atlanta, GA	1.0–3.0	1.0–2.0	1162	$2,170	$1.87	3d	32	1.45mi
832 Ambient Way SW Atlanta, GA	2.0	2.5	1500	$2,250	$1.50	24d	1	1.45mi
900 Society Cir SW Atlanta, GA	4.0	3.5	1710	$2,500	$1.46	24d	1	1.46mi
841 Ambient Way SW Atlanta, GA	2.0	2.5	1344	$1,895	$1.41	17d	1	1.46mi
2367 Cascade Rd Unit G27 Atlanta, GA	2.0	1.0	1815	$1,300	$0.72	24d	1	1.50mi

Listing history 2 events

1. 2026-05-06
   listed $240,000 Active 1092-char remark

   Show marketing remark (1062 chars)

   This 4-sided brick home on a basement is located in one of Atlanta's most Iconic neighborhoods. This is true Cascade, home to so many notable contributors to Atlanta History through the Civil Rights Movement, The Atlanta University Center, famous sports legends and entertainers. The home has the quintessential 3-bedroom. 2-bathroom, formal living and dining room with a den floorplan. There is a bonus screened porch on the main level. There is a huge basement with a fireplace and full bathroom. All of this needs extensive repairs and updating making this home a fabulous investment. Beautiful half acre lot with private a private, serene backyard. This is one of those neighborhoods that continue to stand the test of time. This property requires extensive renovation and updating, The Comps will support a high value flip. Proof of funds (or lender letter for hard money) No due diligence or short inspection period preferred, As-Is offers only Seller will prioritize clean terms, strong pricing, and quick closing timelines. Decision to be made quickly.

2. 2026-05-06
   listed $240,000 New 1062-char remark

   Show marketing remark (1062 chars)

   This 4-sided brick home on a basement is located in one of Atlanta's most Iconic neighborhoods. This is true Cascade, home to so many notable contributors to Atlanta History through the Civil Rights Movement, The Atlanta University Center, famous sports legends and entertainers. The home has the quintessential 3-bedroom. 2-bathroom, formal living and dining room with a den floorplan. There is a bonus screened porch on the main level. There is a huge basement with a fireplace and full bathroom. All of this needs extensive repairs and updating making this home a fabulous investment. Beautiful half acre lot with private a private, serene backyard. This is one of those neighborhoods that continue to stand the test of time. This property requires extensive renovation and updating, The Comps will support a high value flip. Proof of funds (or lender letter for hard money) No due diligence or short inspection period preferred, As-Is offers only Seller will prioritize clean terms, strong pricing, and quick closing timelines. Decision to be made quickly.

ⓘ 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: $764 · $64/mo
• Projected year-2 tax: $2,208 · $184/mo
• Expected delta: +$1,444/yr (+$120/mo · 189.0%)

ⓘ 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 5/10 Major 7 d/yr ≥103°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 23% 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: $26,629
• − Mortgage interest: −$13,444
• − Property taxes: −$764
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,130
• − Management: −$2,130
• − Depreciation: −$6,982
• Taxable loss: −$21
• Est. tax savings @ 24.0%: +$5
• After-tax cash flow: $3,975/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): 34,953
• Household income: $50,649
• Rent vs Own: 57.1% rent · 42.9% own
• Severe rent burden: 2825.0

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 (89%)
• Race & ethnicity: Black 89% Hispanic / Latino 4% Two or more races 4% White 3%
• Common ancestry: Hispanic 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 3% French/Haitian/Cajun 1% Korean 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: ▼ -129.99%
• Current HPI: 259.954
• Rent YoY: ▼ -0.19%
• 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

+0.0% since first listed

4 events — show timeline

• 2026-05-29 Pending — GAMLS
• 2026-05-29 Pending — FMLS
• 2026-05-06 Listed $240,000 FMLS
• 2026-05-06 Listed $240,000 GAMLS

Property tax history

+1.2%/yr

Latest (2025): $764 · -25.7% YoY. Source: county tax records.