2377 Arno Ct NW · Atlanta, GA 30318

$163,400

2 bd · 1.0 ba · 900 sqft · SingleFamily public records · 56 Days on market

Built 1960 8,842 sqft lot $182/sqft · 27% below area Est $223k · 27% 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 +18.8/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +5.2/10.0
• Livability +4.2/5.0
• Rent growth +3.3/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Not a short-sale or foreclosure. Fantastic deal and opportunity for a savvy investor or first-time buyer on a budget. Ranch-style home with 3-bedrooms and 1 full bath. Lots of hardwood flooring. Private Backyard. Sold 'As Is.' No disclosures from seller.

Key facts

• Large level lot
• Updated flooring
• Granite countertops

Tags

• GRANITE COUNTERTOPS
• UPDATED FLOORING
• LARGE LEVEL LOT

Property features AI

Finance

• HOA & community: No association

Exterior

• Parking: Carport (1 parking space)
• Utilities: Public water; Public sewer; Sewer connected
• Home design: Single family residence (house); One story; Resale property
• Construction: Built in 1960; Aluminum siding; Vinyl siding; Composition roof; Crawl space foundation
• Exterior features: Private lot; Wooded vegetation

Interior

• Kitchen: Breakfast area; Dishwasher
• Bedrooms: 3 bedrooms (all on the main level)
• Flooring: Carpet; Hardwood
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Heating (other); Central air conditioning
• Interior features: Accessible approach with ramp; One level; Family room; Crawl space basement; Public-record living area of 900
• Laundry & utility: Laundry in hall

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $163k.

Deal economics

• At list price, monthly cash flow is $164 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $163k).
• Recommended offer: $158k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.5% 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: William J. Scott Elementary School (math 5% / reading 5%, grade F, #1,160 of 1,228 statewide, top 98%, 289 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 5% at this address vs 32% district-wide (-26 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 (+3.3%/yr); 722 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $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 56 days — a 3% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago; this cycle's ask has dropped $9k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: 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 $158,498 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.02% ✓
• Cap rate: 7.50%
• Cash-on-cash: 4.31%
• DSCR: 1.19
• GRM: 8.2

CMA / ARV

• ARV (median comp): $222,754
• List price: $163,400
• Delta: -26.65%
• 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
2625 Abner NW	0.08mi	3/1.0 (+1)	864 (-4%)	3mo	$160,000	$185	83
2446 Abner Pl NW	0.03mi	3/1.0 (+1)	864 (-4%)	18mo	$200,000	$231	72
2465 Abner Pl NW	0.07mi	3/2.0 (+1)	1,004 (+12%)	6mo	$189,000	$188	64
2437 Clarissa Dr NW	0.34mi	3/2.0 (+1)	875 (-3%)	8mo	$158,000	$181	63
1636 NW Bridgeport Dr NW	0.62mi	3/1.0 (+1)	876 (-3%)	4mo	$109,500	$125	58
1636 Mary George Ave NW	0.23mi	3/1.0 (+1)	792 (-12%)	10mo	$150,000	$189	56
2843 Marco Dr NW	0.66mi	3/1.0 (+1)	850 (-6%)	9mo	$175,500	$206	47
2353 Clarissa Dr NW	0.49mi	3/1.0 (+1)	1,008 (+12%)	8mo	$160,000	$159	46
2134 NW Abner Pl NW	0.46mi	3/1.0 (+1)	1,004 (+12%)	11mo	$160,000	$159	45
1938 Main St NW	0.64mi	2/1.0	800 (-11%)	12mo	$251,000	$314	42
2193 Abner Pl	0.43mi	3/1.0 (+1)	792 (-12%)	17mo	$112,000	$141	40
1603 Bridgeport Dr	0.61mi	3/2.0 (+1)	1,024 (+14%)	14mo	$222,000	$217	28

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 · 3.26% rent growth · sell at horizon

5-year hold

• IRR: -9.2%
• Equity multiple: 0.66×
• Total profit: $-15,545
• Equity at exit: $24,363

10-year hold

• IRR: 0.6%
• Equity multiple: 1.04×
• Total profit: $1,896
• Equity at exit: $14,128

Cash invested: $45,752 (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 30318

• Rents YoY: 3.3%
• Active inventory: 722
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,668 high
• Mortgage (P&I): −$857
• Tax from tax record: −$229 /mo · $2,747/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $164

Break-even live

Break-even rent $1,461

Max offer price $163,400

Occupancy floor 85%

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: $40,850
• Closing costs: $4,902
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1648 Mary George Ave NW Atlanta, GA	3.0	2.0	1056	$1,950	$1.85	11d	1	0.17mi
1620 Hollywood Rd NW Atlanta, GA	1.0	1.0	609	$899	$1.48	24d	1	0.29mi
1620 Hollywood Rd NW Atlanta, GA	3.0	1.0	937	$1,199	$1.28	3d	1	0.29mi
2430 Perry Blvd NW Atlanta, GA	2.0	1.0	800	$1,500	$1.88	24d	1	0.34mi
2265 Perry Blvd NW Atlanta, GA	3.0	1.0	645	$1,428	$2.21	3d	24	0.43mi
2019 Claude St NW Atlanta, GA	3.0	1.5	925	$1,900	$2.05	24d	1	0.72mi
2625 Peyton Rd NW Atlanta, GA	3.0	2.0	1100	$2,300	$2.09	18d	1	0.72mi
10 Smith St NW Atlanta, GA	2.0	2.0	1008	$2,395	$2.38	14d	1	0.77mi
2075 Claude St NW Atlanta, GA	3.0	1.0	925	$1,750	$1.89	24d	1	0.83mi
2284 Alvin Dr NW Unit B 1 Atlanta, GA	3.0	1.0	875	$1,025	$1.17	3d	1	0.87mi
2284 Alvin Dr NW Unit D Atlanta, GA	2.0	1.0	868	$995	$1.15	3d	1	0.87mi
2862 Argyle Dr NW Atlanta, GA	3.0	1.0	816	$1,700	$2.08	5d	1	0.91mi
1315 Northwest Dr NW Atlanta, GA	3.0	1.0–2.0	908	$2,059	$2.27	2d	36	0.93mi
2000 James Jackson Pkwy NW Atlanta, GA	1.0–2.0	1.0–2.0	959	$2,240	$2.33	3d	10	0.94mi
2145 Bolton Rd NW Atlanta, GA	1.0–2.0	1.0	800	$1,249	$1.56	2d	2	0.97mi
2130 Main St NW Atlanta, GA	2.0	1.0	768	$1,900	$2.47	24d	1	1.06mi
2888 Parrott Ave NW Unit A Atlanta, GA	2.0	1.0	1020	$1,650	$1.62	20d	1	1.10mi
1110 Cato St NW Atlanta, GA	3.0	1.0	1050	$1,400	$1.33	24d	1	1.16mi
1970 Sumter St NW Atlanta, GA	3.0	1.0	958	$1,795	$1.87	20d	1	1.28mi
929 N Grand Ave NW Atlanta, GA	3.0	2.0	1100	$2,500	$2.27	24d	1	1.37mi
1431 Nash Rd NW Atlanta, GA	1.0	1.0	550	$1,100	$2.00	18d	1	1.41mi
2232 Dunseath Ave NW Atlanta, GA	2.0	1.5	950	$1,800	$1.89	5d	1	1.48mi
2232 Dunseath Ave NW #108 Atlanta, GA	2.0	1.5	950	$1,750	$1.84	5d	1	1.49mi
2232 Dunseath Ave NW #404 Atlanta, GA	2.0	1.5	950	$1,950	$2.05	22d	1	1.49mi
1804 Sumter St NW Atlanta, GA	2.0	1.0	1072	$2,450	$2.29	24d	1	1.49mi

Listing history 24 events

1. 2026-06-18
   days on market $163,400 Active 56 DOM
2. 2026-06-17
   days on market $163,400 Active 55 DOM
3. 2026-06-16
   days on market $163,400 Active 54 DOM
4. 2026-06-15
   days on market $163,400 Active 53 DOM
5. 2026-06-13
   days on market $163,400 Active 51 DOM
6. 2026-06-13
   days on market $163,400 Active 50 DOM
7. 2026-06-09
   days on market $163,400 Active 47 DOM
8. 2026-06-08
   days on market $163,400 Active 46 DOM
9. 2026-06-07
   days on market $163,400 Active 45 DOM
10. 2026-06-04
    days on market $163,400 Active 42 DOM
11. 2026-06-03
    days on market $163,400 Active 41 DOM
12. 2026-06-02
    days on market $163,400 Active 40 DOM
13. 2026-06-01
    days on market $163,400 Active 39 DOM
14. 2026-05-31
    statusdays on market $163,400 Active 38 DOM
15. 2026-04-23
    listed $172,500 New 313-char remark
16. 2020-05-05
    soldstatus $250,000
17. 2016-11-28
    soldstatus $44,900 Sold 254-char remark

    Show marketing remark (254 chars)

    Not a short-sale or foreclosure. Fantastic deal and opportunity for a savvy investor or first-time buyer on a budget. Ranch-style home with 3-bedrooms and 1 full bath. Lots of hardwood flooring. Private Backyard. Sold 'As Is.' No disclosures from seller.

18. 2016-11-23
    soldstatus $44,900 Sold

    Show marketing remark (254 chars)

    Not a short-sale or foreclosure. Fantastic deal and opportunity for a savvy investor or first-time buyer on a budget. Ranch-style home with 3-bedrooms and 1 full bath. Lots of hardwood flooring. Private Backyard. Sold 'As Is.' No disclosures from seller.

19. 2016-11-03
    status Under Contract

    Show marketing remark (254 chars)

    Not a short-sale or foreclosure. Fantastic deal and opportunity for a savvy investor or first-time buyer on a budget. Ranch-style home with 3-bedrooms and 1 full bath. Lots of hardwood flooring. Private Backyard. Sold 'As Is.' No disclosures from seller.

20. 2016-11-03
    historical Pending 254-char remark

    Show marketing remark (254 chars)

    Not a short-sale or foreclosure. Fantastic deal and opportunity for a savvy investor or first-time buyer on a budget. Ranch-style home with 3-bedrooms and 1 full bath. Lots of hardwood flooring. Private Backyard. Sold 'As Is.' No disclosures from seller.

21. 2016-11-02
    listed $44,900 Active 254-char remark

    Show marketing remark (254 chars)

    Not a short-sale or foreclosure. Fantastic deal and opportunity for a savvy investor or first-time buyer on a budget. Ranch-style home with 3-bedrooms and 1 full bath. Lots of hardwood flooring. Private Backyard. Sold 'As Is.' No disclosures from seller.

22. 2016-11-02
    listed $44,900 New

    Show marketing remark (254 chars)

    Not a short-sale or foreclosure. Fantastic deal and opportunity for a savvy investor or first-time buyer on a budget. Ranch-style home with 3-bedrooms and 1 full bath. Lots of hardwood flooring. Private Backyard. Sold 'As Is.' No disclosures from seller.

23. 2016-10-14
    historical
24. 2016-10-06
    listed $34,900 New

ⓘ 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: $2,747 · $229/mo
• Projected year-2 tax: $2,747 · $229/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 3/10 Moderate
• 🌡 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 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,022
• − Mortgage interest: −$9,153
• − Property taxes: −$2,747
• − Insurance: −$817
• − Repairs & maintenance: −$1,602
• − Management: −$1,602
• − Depreciation: −$4,753
• Taxable loss: −$653
• Est. tax savings @ 24.0%: +$157
• After-tax cash flow: $2,127/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): 59,609
• Household income: $83,116
• Rent vs Own: 58.6% rent · 41.4% own
• Severe rent burden: 4182.0

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: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Black 49% White 35% Hispanic / Latino 7% Two or more races 6% Asian 5%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Lithuanian 2% Slovak 2% Romanian 1%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 88% English-only · Spanish 4% Other Indo-European 2% Other Asian/Pacific 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: ▼ -470.82%
• Current HPI: 224.1493
• Rent YoY: ▲ 3.26%
• 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

+368.2% since first listed

11 events — show timeline

• 2026-05-28 Price Changed $163,400 GAMLS
• 2026-04-23 Listed $172,500 GAMLS
• 2020-05-05 Sold (Public Records) $250,000 Public Records
• 2016-11-28 Sold (MLS) $44,900 FMLS
• 2016-11-23 Sold (MLS) $44,900 GAMLS
• 2016-11-03 Pending — GAMLS
• 2016-11-03 Contingent — FMLS
• 2016-11-02 Listed $44,900 FMLS
• 2016-11-02 Listed $44,900 GAMLS
• 2016-10-14 Listing Removed — GAMLS
• 2016-10-06 Listed $34,900 GAMLS

Property tax history

+29.5%/yr

Latest (2025): $2,747 · -0.1% YoY. Source: county tax records.