3049 Cloverhurst Dr · East Point, GA 30344

$230,000

2 bd · 1.0 ba · 1,368 sqft · SingleFamily public records · 227 Days on market

Built 1950 8,820 sqft lot $168/sqft · 14% below area Est $266k · 14% under

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Why this score? — see what drove the D- 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).

• ARV discount +13.6/15.0
• Cash flow +6.8/30.0
• Schools +4.5/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• DSCR +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 3049 Clovehurst Dr - a classic, charming East Point home offering comfort, character, and incredible flexibility. This property features beautiful hardwood floors, updated windows, a tiled bath with walk-in tiled shower, and a spacious, inviting layout perfect for everyday living. A rare bonus, the oversized 24x24 space above the 2-car garage provides endless possibilities - ideal as an in-law suite, studio apartment, teen retreat, home office, workshop, theater or game room, and more. The double-wide driveway offers ample parking, and the home sits in an established, highly desirable neighborhood close to shopping, parks, schools, and major commuter routes. Whether you're seeking multi-generational living, rental potential, or room to spread out, this home delivers exceptional opportunity and charm. Call the Powell Real Estate Team today to schedule your private tour and learn more

Key facts

• Walk-in tiled shower
• Updated windows
• Double-wide driveway

Tags

• HARDWOOD FLOORS
• UPDATED WINDOWS
• TILED BATH
• WALK-IN TILED SHOWER
• DOUBLE-WIDE DRIVEWAY
• ESTABLISHED NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $-359 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $178k (22.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $156k (32.3% below list).
• Recommended offer: $156k (32.3% below list) — sets the bar for 1% rule.

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 lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; 11,565 units permitted in Fulton County in 2024 (8,159 in 5+ unit buildings).

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 227 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $70k (23%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $23k; list at $230k implies a 918% gain — meaningful room to come down on a strong offer.

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 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $155,817 (32.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 227 days. Have you received any prior offers? Is the seller open to a 32% concession, seller financing, or rate buy-down credit?
3. Built in 1950 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 0.68% ✗
• Cap rate: 4.42%
• Cash-on-cash: -6.68%
• DSCR: 0.70
• GRM: 12.3

CMA / ARV

• ARV (median comp): $265,969
• List price: $230,000
• Delta: -13.52%
• 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
2949 Pearl St	0.35mi	2/2.0	1,410 (+3%)	2mo	$186,500	$132	73
2894 S Clark Dr	0.28mi	2/2.0	1,278 (-7%)	1mo	$265,000	$207	71
2852 Kimmeridge Dr	0.39mi	3/1.0 (+1)	1,459 (+7%)	4mo	$195,000	$134	63
1933 Mercer Ave	0.54mi	2/1.0	1,218 (-11%)	1mo	$235,000	$193	56
1759 Thompson Ave	0.72mi	3/1.0 (+1)	1,420 (+4%)	1mo	$306,000	$215	54
1856 Linwood Ave	0.65mi	2/2.0	1,269 (-7%)	1mo	$330,000	$260	53
1866 Thompson Ave	0.59mi	3/2.0 (+1)	1,475 (+8%)	1mo	$279,000	$189	50
3190 E Point St	0.65mi	2/2.0	1,232 (-10%)	3mo	$274,900	$223	46
2024 Neely Ave	0.74mi	3/1.5 (+1)	1,256 (-8%)	1mo	$190,000	$151	44
2023 Montrose Dr	0.69mi	2/2.0	1,500 (+10%)	7mo	$275,000	$183	42
1857 Walker Ave	0.68mi	3/2.0 (+1)	1,234 (-10%)	6mo	$255,000	$207	38
2985 Meadow Lark Dr	0.70mi	3/2.0 (+1)	1,520 (+11%)	3mo	$299,000	$197	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 · 1.35% rent growth · sell at horizon

5-year hold

• IRR: -29.7%
• Equity multiple: 0.03×
• Total profit: $-62,626
• Equity at exit: $34,294

10-year hold

• IRR: -39.3%
• Equity multiple: -0.46×
• Total profit: $-93,944
• Equity at exit: $19,886

Cash invested: $64,400 (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: 12.3×

Monthly cashflow live

• Estimated rent: $1,558 high
• Mortgage (P&I): −$1,206
• Tax est. 1.5%: −$288 /mo · $3,450/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$327
• Net cashflow: $-359

Break-even live

Break-even rent $2,012

Max offer price $178,121

Occupancy floor —

Sensitivity live

Price	-10% $-200	-5% $-279	+0% $-359	+5% $-438	+10% $-517
Rent	-10% $-482	-5% $-420	+0% $-359	+5% $-297	+10% $-235
Rate	-1.0pp $-243	-0.5pp $-300	base $-359	+0.5pp $-418	+1.0pp $-479

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: $57,500
• Closing costs: $6,900
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3100 Larose St Atlanta, GA	3.0	1.0	1121	$1,600	$1.43	44d	1	0.12mi
3158 Cloverhurst Dr Atlanta, GA	3.0	2.0	1196	$1,700	$1.42	44d	1	0.19mi
3184 Pollard St Atlanta, GA	3.0	2.0	1400	$1,800	$1.29	44d	1	0.27mi
2956 8th St Atlanta, GA	1.0	1.0	1000	$750	$0.75	16d	1	0.30mi
1940 Dunlap Ave Atlanta, GA	1.0	1.0	950	$750	$0.79	44d	1	0.32mi
1863 Phillips Ave Atlanta, GA	3.0	2.5	1470	$2,115	$1.44	11d	1	0.37mi
1875 Dunlap Ave Atlanta, GA	2.0	1.0	1650	$1,875	$1.14	44d	1	0.39mi
3128 Chateau Blvd East Point, GA	1.0–2.0	1.0	1000	$1,395	$1.40	16d	12	0.44mi
3128 Chateau Blvd East Point, GA	1.0	1.0	900	$1,295	$1.44	25d	1	0.44mi
3045 Semmes St Atlanta, GA	2.0	1.5	1000	$1,400	$1.40	44d	3	0.46mi
1836 Dunlap Ave Apt 90 Atlanta, GA	2.0	1.5	1030	$1,150	$1.12	25d	1	0.47mi
3030 Remington St Atlanta, GA	3.0	1.0	1100	$1,200	$1.09	25d	1	0.47mi
1827 Dunlap Ave Atlanta, GA	3.0	2.0	1250	$3,200	$2.56	44d	1	0.47mi
3241 Turner St Unit 1 East Point, GA	2.0	1.5	1200	$1,295	$1.08	44d	1	0.48mi
1845 Vesta Ave Atlanta, GA	3.0	2.0	1581	$2,128	$1.35	25d	1	0.49mi
3198 Washington Rd Atlanta, GA	2.0	1.5	1000	$1,500	$1.50	44d	1	0.49mi
3031 Remington St Atlanta, GA	3.0	2.0	1369	$1,200	$0.88	19d	1	0.50mi
1861 Lyle Ave Unit 2 Atlanta, GA	2.0	2.0	1250	$1,600	$1.28	44d	1	0.52mi
1818 Vesta Ave Atlanta, GA	1.0–2.0	1.0	811	$1,450	$1.79	44d	5	0.53mi
3181 Church St Unit A Atlanta, GA	2.0	2.0	1646	$1,750	$1.06	22d	1	0.54mi
1809 Vesta Ave Atlanta, GA	2.0	1.0	1768	$2,900	$1.64	44d	1	0.55mi
1923 Thompson Ave Unit 2 East Point, GA	1.0	1.0	1047	$1,000	$0.96	13d	1	0.57mi
1923 Thompson Ave Unit 2 East Point, GA	1.0	1.0	1047	$1,000	$0.96	44d	1	0.57mi
1915 Walker Ave College Park, GA	1.0	1.0	900	$1,450	$1.61	44d	1	0.62mi
1804 Lyle Ave Unit 4 College Park, GA	2.0	1.5	900	$1,350	$1.50	44d	1	0.62mi
2874 Cheney St Atlanta, GA	2.0	1.0	900	$1,300	$1.44	44d	1	0.66mi
2756 Plantation Dr Atlanta, GA	3.0	2.0	1119	$1,950	$1.74	21d	1	0.70mi
2730 Pearl St Unit 1 East Point, GA	2.0	1.0	910	$1,175	$1.29	44d	1	0.71mi
1932 Montrose Dr Atlanta, GA	3.0	1.0	1200	$1,750	$1.46	19d	1	0.71mi
1914 Montrose Dr Atlanta, GA	2.0	1.0	1216	$2,000	$1.64	44d	1	0.72mi
2040 Cambridge Ave Atlanta, GA	1.0	1.0	900	$1,400	$1.56	22d	1	0.73mi
3447 Pierce St Atlanta, GA	2.0	1.0	1560	$1,345	$0.86	44d	1	0.74mi
3168 Beech Dr Atlanta, GA	3.0	2.0	1402	$1,500	$1.07	44d	1	0.75mi
3445 Almand Dr Atlanta, GA	2.0	2.0	1018	$1,700	$1.67	21d	1	0.76mi
3437 Harris Dr Atlanta, GA	3.0	1.0	1556	$1,650	$1.06	44d	1	0.77mi
3483 Napoleon St Atlanta, GA	3.0	2.0	1749	$2,589	$1.48	44d	1	0.80mi
2414 Stone Rd Atlanta, GA	1.0	1.0–1.5	956	$927	$0.97	3d	4	0.81mi
2764 Riggs Dr Atlanta, GA	3.0	2.0	1147	$2,050	$1.79	44d	1	0.82mi
2420 Heaton Dr Atlanta, GA	1.0–3.0	1.5–2.0	1103	$1,422	$1.29	44d	1	0.83mi
3526 Conley St College Park, GA	3.0	1.0	952	$1,425	$1.50	25d	1	0.90mi

Listing history 18 events

1. 2026-06-18
   days on market $230,000 Active 227 DOM
2. 2026-06-17
   days on market $230,000 Active 226 DOM
3. 2026-06-16
   days on market $230,000 Active 225 DOM
4. 2026-06-15
   days on market $230,000 Active 224 DOM
5. 2026-06-13
   days on market $230,000 Active 222 DOM
6. 2026-06-09
   days on market $230,000 Active 218 DOM
7. 2026-06-08
   days on market $230,000 Active 217 DOM
8. 2026-06-07
   days on market $230,000 Active 216 DOM
9. 2026-06-04
   days on market $230,000 Active 213 DOM
10. 2026-06-03
    days on market $230,000 Active 212 DOM
11. 2026-06-01
    days on market $230,000 Active 210 DOM
12. 2026-05-31
    days on market $230,000 Active 209 DOM
13. 2026-05-20
    price $230,000 906-char remark

    Show marketing remark (906 chars)

    Welcome to 3049 Clovehurst Dr - a classic, charming East Point home offering comfort, character, and incredible flexibility. This property features beautiful hardwood floors, updated windows, a tiled bath with walk-in tiled shower, and a spacious, inviting layout perfect for everyday living. A rare bonus, the oversized 24x24 space above the 2-car garage provides endless possibilities - ideal as an in-law suite, studio apartment, teen retreat, home office, workshop, theater or game room, and more. The double-wide driveway offers ample parking, and the home sits in an established, highly desirable neighborhood close to shopping, parks, schools, and major commuter routes. Whether you're seeking multi-generational living, rental potential, or room to spread out, this home delivers exceptional opportunity and charm. Call the Powell Real Estate Team today to schedule your private tour and learn more

14. 2025-11-18
    price $274,900 906-char remark

    Show marketing remark (906 chars)

    Welcome to 3049 Clovehurst Dr - a classic, charming East Point home offering comfort, character, and incredible flexibility. This property features beautiful hardwood floors, updated windows, a tiled bath with walk-in tiled shower, and a spacious, inviting layout perfect for everyday living. A rare bonus, the oversized 24x24 space above the 2-car garage provides endless possibilities - ideal as an in-law suite, studio apartment, teen retreat, home office, workshop, theater or game room, and more. The double-wide driveway offers ample parking, and the home sits in an established, highly desirable neighborhood close to shopping, parks, schools, and major commuter routes. Whether you're seeking multi-generational living, rental potential, or room to spread out, this home delivers exceptional opportunity and charm. Call the Powell Real Estate Team today to schedule your private tour and learn more

15. 2025-11-18
    price $274,900 906-char remark

    Show marketing remark (906 chars)

    Welcome to 3049 Clovehurst Dr - a classic, charming East Point home offering comfort, character, and incredible flexibility. This property features beautiful hardwood floors, updated windows, a tiled bath with walk-in tiled shower, and a spacious, inviting layout perfect for everyday living. A rare bonus, the oversized 24x24 space above the 2-car garage provides endless possibilities - ideal as an in-law suite, studio apartment, teen retreat, home office, workshop, theater or game room, and more. The double-wide driveway offers ample parking, and the home sits in an established, highly desirable neighborhood close to shopping, parks, schools, and major commuter routes. Whether you're seeking multi-generational living, rental potential, or room to spread out, this home delivers exceptional opportunity and charm. Call the Powell Real Estate Team today to schedule your private tour and learn more

16. 2025-10-30
    listed $299,900 Active 906-char remark

    Show marketing remark (906 chars)

    Welcome to 3049 Clovehurst Dr - a classic, charming East Point home offering comfort, character, and incredible flexibility. This property features beautiful hardwood floors, updated windows, a tiled bath with walk-in tiled shower, and a spacious, inviting layout perfect for everyday living. A rare bonus, the oversized 24x24 space above the 2-car garage provides endless possibilities - ideal as an in-law suite, studio apartment, teen retreat, home office, workshop, theater or game room, and more. The double-wide driveway offers ample parking, and the home sits in an established, highly desirable neighborhood close to shopping, parks, schools, and major commuter routes. Whether you're seeking multi-generational living, rental potential, or room to spread out, this home delivers exceptional opportunity and charm. Call the Powell Real Estate Team today to schedule your private tour and learn more

17. 2025-10-29
    listed $299,900 New 906-char remark

    Show marketing remark (906 chars)

    Welcome to 3049 Clovehurst Dr - a classic, charming East Point home offering comfort, character, and incredible flexibility. This property features beautiful hardwood floors, updated windows, a tiled bath with walk-in tiled shower, and a spacious, inviting layout perfect for everyday living. A rare bonus, the oversized 24x24 space above the 2-car garage provides endless possibilities - ideal as an in-law suite, studio apartment, teen retreat, home office, workshop, theater or game room, and more. The double-wide driveway offers ample parking, and the home sits in an established, highly desirable neighborhood close to shopping, parks, schools, and major commuter routes. Whether you're seeking multi-generational living, rental potential, or room to spread out, this home delivers exceptional opportunity and charm. Call the Powell Real Estate Team today to schedule your private tour and learn more

18. 1976-09-30
    soldstatus $22,600

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 6 d/yr ≥103°F today · 16 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: $18,698
• − Mortgage interest: −$12,884
• − Property taxes: −$3,450
• − Insurance: −$1,150
• − Repairs & maintenance: −$1,496
• − Management: −$1,496
• − Depreciation: −$6,691
• Taxable loss: −$8,468
• Est. tax savings @ 24.0%: +$2,032
• After-tax cash flow: $-2,270/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: 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

+917.7% since first listed

6 events — show timeline

• 2026-05-20 Price Changed $230,000 GAMLS
• 2025-11-18 Price Changed $274,900 FMLS
• 2025-11-18 Price Changed $274,900 GAMLS
• 2025-10-30 Listed $299,900 FMLS
• 2025-10-29 Listed $299,900 GAMLS
• 1976-09-30 Sold (Public Records) $22,600 Public Records

Property tax history

-22.3%/yr

Latest (2025): $8 · -15.7% YoY. Source: county tax records.