1567 Iris Walk · Irondale, GA 30238

$209,000

3 bd · 3.0 ba · 1,454 sqft · Townhouse public records · 59 Days on market

Built 2018 2,099 sqft lot $144/sqft · 11% below area Est $234k · 11% under $50/mo HOA · 3% of rent

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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 +12.3/15.0
• Cash flow +11.4/30.0
• 1% rule +3.8/10.0
• DSCR +3.4/10.0
• Rent growth +3.0/5.0
• Livability +2.9/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Hard to find in Jonesboro with fresh paint, new carpet, and new LVP flooring on the main for a modern touch. End unit with beautiful side/back views and privacy. This move-in-ready townhome offers a bright, open floor plan, perfect for everyday living and entertaining. The stylish kitchen boasts granite countertops and flows seamlessly into the cozy family room and dining area. Step outside to the side yard/backyard, an ideal space for gatherings or outdoor relaxation. Upstairs, a spacious primary suite features a walk-in closet and a tub/shower combo, along with two bedrooms and a convenient laundry room. Additional features include a one-car garage and easy access to the Atlanta airport, along with dining, shopping, and vibrant nightlife. Perfect for first-time homebuyers or investors, as this community has NO rental restrictions.

Key facts

• Fresh paint
• New carpet
• End unit

Tags

• FRESH PAINT
• NEW CARPET
• NEW LVP FLOORING
• END UNIT
• SIDE YARD
• BACKYARD

Property features AI

Finance

• Other:
• Financial info: Single-unit property
• HOA & community: Homeowners association; Association fee $600 annually; Community amenities include playground, trails/greenway, proximity to schools and shopping

Exterior

• Parking: One-car garage; Driveway; Open parking available
• Security:
• Utilities: Public water; Public sewer; 110 volt electric; Cable available; Phone available; Underground utilities
• Home design: Two levels; Brick-front construction; Drive-under main level and driveway access
• Construction: Composition roof; Slab foundation; Resale property; Fee simple ownership
• Exterior features: Private yard; Front porch; Patio; Asphalt road frontage; City street access

Interior

• Kitchen: Kitchen island; Stained cabinets; Pantry; Stone countertops; Open view to family room; Electric range; Dishwasher; Refrigerator
• Bedrooms: Three upstairs bedrooms
• Flooring: Hardwood; Carpet
• Bathrooms: Two full bathrooms; One half bathroom; Master bath with tub/shower combo
• Heating & cooling: Central heating; Zoned heating; Central air conditioning; Zoned cooling; Ceiling fans
• Interior features: Entrance foyer; Recessed lighting; Tray ceilings; Walk-in closets; Double pane windows; 1 common wall; Roommate floor plan
• Laundry & utility: Upper-level laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath townhouse listed at $209k.

Deal economics

• At list price, monthly cash flow is $-71 ($-851/yr) — negative.
• To cash-flow at today's rent, offer at most $196k (6.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $183k (12.3% below list).
• Recommended offer: $183k (12.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 57/100 on livability (#466 in GA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: crime D+, amenities F, commute F.
• Clayton County (suburban): math 11% / reading 20% proficiency, ranked #155 of 174 in GA (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Hawthorne Elementary School (math 5% / reading 17%, grade F, #1,071 of 1,228 statewide, top 88%, 821 students, 90% FRL); Mundys Mill Middle School (math 10% / reading 24%, grade F, #381 of 470 statewide, top 82%, 768 students, 90% FRL); Lovejoy High School (math 7% / reading 8%, grade F, #378 of 424 statewide, top 91%, 2,136 students, 90% FRL).
• Market conditions: Rents rising (+2.1%/yr); 259 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 865 units permitted in Clayton County in 2024 (448 in 5+ unit buildings).
• This rent runs 35% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Clayton County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($203k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago 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: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $183,207 (12.3% 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 59 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. Crime grade is D 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?
7. 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?
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 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: 0.88% ✗
• Cap rate: 5.89%
• Cash-on-cash: -1.45%
• DSCR: 0.94
• GRM: 9.5

CMA / ARV

• ARV (median comp): $234,119
• List price: $209,000
• Delta: -10.73%
• 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
1597 Iris Walk	0.07mi	3/2.5	1,454 (0%)	6mo	$190,000	$131	90
1529 Iris Walk	0.07mi	3/2.5	1,454 (0%)	11mo	$215,000	$148	85
1537 Iris Walk	0.06mi	3/2.5	1,454 (0%)	15mo	$220,000	$151	83
1583 Iris Walk	0.04mi	3/2.5	1,454 (0%)	17mo	$220,000	$151	82
1827 Old Dogwood	0.10mi	3/2.5	1,454 (0%)	14mo	$207,000	$142	82
1886 Old Dogwood	0.11mi	3/2.5	1,454 (0%)	14mo	$219,000	$151	81
1574 Iris Walk	0.04mi	3/2.5	1,454 (0%)	19mo	$212,500	$146	80
1979 Old Dogwood	0.07mi	3/2.5	1,454 (0%)	18mo	$223,404	$154	80
1938 Old Dogwood	0.09mi	3/2.5	1,454 (0%)	18mo	$225,000	$155	79
1946 Old Dogwood #31	0.08mi	3/2.5	1,507 (+4%)	14mo	$200,000	$133	76
1565 Iris Walk	0.00mi	3/3.5	1,634 (+12%)	1mo	$190,000	$116	76
1970 Old Dogwood	0.09mi	3/2.5	1,634 (+12%)	4mo	$189,000	$116	70

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 · 2.06% rent growth · sell at horizon

5-year hold

• IRR: -19.8%
• Equity multiple: 0.32×
• Total profit: $-40,029
• Equity at exit: $31,163

10-year hold

• IRR: -14.8%
• Equity multiple: 0.19×
• Total profit: $-47,289
• Equity at exit: $18,071

Cash invested: $58,520 (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 30238

• Home prices YoY: -33.3%
• Rents YoY: 2.1%
• Active inventory: 259
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,832 high
• Mortgage (P&I): −$1,096
• Tax from tax record: −$285 /mo · $3,422/yr
• Insurance: −$87
• HOA: −$50
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $-71

Break-even live

Break-even rent $1,922

Max offer price $196,469

Occupancy floor 99%

Sensitivity live

Price	-10% $47	-5% $-12	+0% $-71	+5% $-130	+10% $-189
Rent	-10% $-216	-5% $-143	+0% $-71	+5% $1	+10% $74
Rate	-1.0pp $34	-0.5pp $-18	base $-71	+0.5pp $-125	+1.0pp $-180

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: $52,250
• Closing costs: $6,270
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1545 Iris Walk Jonesboro, GA	3.0	3.0	1453	$1,800	$1.24	26d	1	0.04mi
1795 Old Dogwood Jonesboro, GA	3.0	3.0	1454	$1,730	$1.19	45d	1	0.04mi
1779 Old Dogwood Jonesboro, GA	3.0	2.5	1454	$1,730	$1.19	45d	1	0.07mi
1814 Old Dogwood Jonesboro, GA	3.0	2.5	1454	$1,730	$1.19	45d	1	0.07mi
1798 Old Dogwood Jonesboro, GA	3.0	3.0	1454	$1,730	$1.19	26d	1	0.07mi
1585 Iris Walk Jonesboro, GA	3.0	2.5	1497	$1,869	$1.25	0d	1	0.08mi
1786 Old Dogwood Jonesboro, GA	3.0	2.5	1454	$1,730	$1.19	45d	1	0.08mi
1830 Old Dogwood Jonesboro, GA	3.0	2.5	1454	$1,730	$1.19	45d	1	0.08mi
1576 Iris Walk Jonesboro, GA	3.0	2.5	1683	$1,695	$1.01	45d	1	0.08mi
1834 Old Dogwood Jonesboro, GA	3.0	2.5	1454	$1,730	$1.19	45d	1	0.08mi
10346 Wisteria Ln Jonesboro, GA	3.0	2.0	1042	$1,595	$1.53	14d	1	0.22mi
1478 Carriage Ln Jonesboro, GA	3.0	2.0	1436	$1,675	$1.17	23d	1	0.22mi
1485 Bola Ct Jonesboro, GA	4.0	2.0	1300	$1,755	$1.35	0d	1	0.23mi
10299 Wisteria Ln Jonesboro, GA	3.0	2.0	1257	$1,770	$1.41	45d	1	0.25mi
1433 Iron Gate Blvd Jonesboro, GA	3.0	1.5	1075	$1,475	$1.37	14d	1	0.31mi
10357 Briarbay Dr Jonesboro, GA	3.0	2.0	1180	$1,610	$1.36	3d	1	0.31mi
10091 Silent Trl Jonesboro, GA	3.0	1.5	1456	$1,395	$0.96	26d	1	0.38mi
1334 Labelle St Jonesboro, GA	4.0	2.0	1352	$1,521	$1.12	7d	1	0.44mi
1556 Wren Rd Jonesboro, GA	3.0	2.0	1388	$1,715	$1.24	45d	1	0.49mi
10473 Starling Trl Hampton, GA	4.0	3.0	1835	$2,367	$1.29	26d	1	0.50mi
10375 Larrack Trce Jonesboro, GA	3.0	2.0	1340	$1,800	$1.34	19d	1	0.50mi
1442 Starling Ct Hampton, GA	3.0	2.0	1668	$1,885	$1.13	45d	1	0.52mi
1276 Avery Dr Jonesboro, GA	3.0	2.0	1811	$1,755	$0.97	7d	1	0.52mi
1277 Iron Gate Blvd Jonesboro, GA	3.0	2.0	1120	$1,499	$1.34	3d	1	0.54mi
1277 Iron Gate Blvd Jonesboro, GA	3.0	2.0	1120	$1,499	$1.34	0d	1	0.54mi
10507 Starling Trl Hampton, GA	4.0	2.5	1800	$2,131	$1.18	45d	1	0.57mi
1260 Iron Gate Blvd Jonesboro, GA	3.0	2.0	1460	$1,740	$1.19	0d	1	0.57mi
1546 Plover Rd Jonesboro, GA	4.0	3.0	1040	$1,715	$1.65	0d	1	0.59mi
1496 Paladin Ct Hampton, GA	4.0	2.5	1116	$2,045	$1.83	21d	1	0.69mi
10624 Woodcock St Jonesboro, GA	4.0	2.0	1171	$1,670	$1.43	23d	1	0.70mi
10485 Ace Ct Jonesboro, GA	3.0	2.0	1288	$1,611	$1.25	45d	1	0.73mi
1174 Walnut Creek Ln Jonesboro, GA	3.0	2.0	1218	$1,861	$1.53	45d	1	0.82mi
1139 Commons Ct Jonesboro, GA	3.0	2.0	1421	$1,795	$1.26	22d	1	0.84mi
10564 Village Lndg Jonesboro, GA	3.0	2.5	1617	$1,800	$1.11	26d	1	0.87mi
1096 Bonita Cir Jonesboro, GA	3.0	2.0	1442	$1,700	$1.18	26d	1	0.90mi
1108 Sunday Ln Jonesboro, GA	3.0	2.0	1137	$1,625	$1.43	45d	1	0.90mi
10778 Thrasher Rd Jonesboro, GA	3.0	2.0	1392	$1,605	$1.15	0d	1	0.99mi
1117 Village Crk Jonesboro, GA	3.0	2.5	1330	$1,815	$1.36	45d	1	1.02mi
10348 Commons Xing Jonesboro, GA	3.0	2.0	1372	$2,500	$1.82	18d	1	1.04mi
1374 Misty Ridge Ct Hampton, GA	3.0	2.0	1250	$1,775	$1.42	45d	1	1.07mi

HOA detail

• Monthly dues: $50 · $600/yr

Listing history 24 events

1. 2026-06-21
   days on market $209,000 Active 59 DOM
2. 2026-06-18
   days on market $209,000 Active 56 DOM
3. 2026-06-17
   days on market $209,000 Active 55 DOM
4. 2026-06-16
   days on market $209,000 Active 54 DOM
5. 2026-06-15
   days on market $209,000 Active 53 DOM
6. 2026-06-13
   days on market $209,000 Active 51 DOM
7. 2026-06-09
   days on market $209,000 Active 47 DOM
8. 2026-06-08
   days on market $209,000 Active 46 DOM
9. 2026-06-07
   days on market $209,000 Active 45 DOM
10. 2026-06-04
    days on market $209,000 Active 42 DOM
11. 2026-06-03
    days on market $209,000 Active 41 DOM
12. 2026-06-02
    days on market $209,000 Active 40 DOM
13. 2026-06-01
    days on market $209,000 Active 39 DOM
14. 2026-05-31
    days on market $209,000 Active 38 DOM
15. 2026-04-23
    listed $209,000 New 844-char remark

    Show marketing remark (844 chars)

    Hard to find in Jonesboro with fresh paint, new carpet, and new LVP flooring on the main for a modern touch. End unit with beautiful side/back views and privacy. This move-in-ready townhome offers a bright, open floor plan, perfect for everyday living and entertaining. The stylish kitchen boasts granite countertops and flows seamlessly into the cozy family room and dining area. Step outside to the side yard/backyard, an ideal space for gatherings or outdoor relaxation. Upstairs, a spacious primary suite features a walk-in closet and a tub/shower combo, along with two bedrooms and a convenient laundry room. Additional features include a one-car garage and easy access to the Atlanta airport, along with dining, shopping, and vibrant nightlife. Perfect for first-time homebuyers or investors, as this community has NO rental restrictions.

16. 2026-04-23
    listed $209,000 Active 844-char remark

    Show marketing remark (844 chars)

    Hard to find in Jonesboro with fresh paint, new carpet, and new LVP flooring on the main for a modern touch. End unit with beautiful side/back views and privacy. This move-in-ready townhome offers a bright, open floor plan, perfect for everyday living and entertaining. The stylish kitchen boasts granite countertops and flows seamlessly into the cozy family room and dining area. Step outside to the side yard/backyard, an ideal space for gatherings or outdoor relaxation. Upstairs, a spacious primary suite features a walk-in closet and a tub/shower combo, along with two bedrooms and a convenient laundry room. Additional features include a one-car garage and easy access to the Atlanta airport, along with dining, shopping, and vibrant nightlife. Perfect for first-time homebuyers or investors, as this community has NO rental restrictions.

17. 2024-06-30
    historical $1,680
18. 2024-04-12
    listed $1,680
19. 2024-04-10
    historical
20. 2024-04-06
    listed
21. 2024-03-18
    historical
22. 2023-07-30
    listed
23. 2013-09-16
    soldstatus $230,000
24. 2013-04-18
    soldstatus $150,000

ⓘ 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: $3,422 · $285/mo
• Projected year-2 tax: $3,422 · $285/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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,985
• − Mortgage interest: −$11,707
• − Property taxes: −$3,422
• − Insurance: −$1,045
• − Repairs & maintenance: −$1,759
• − Management: −$1,759
• − HOA: −$600
• − Depreciation: −$6,080
• Taxable loss: −$4,387
• Est. tax savings @ 24.0%: +$1,053
• After-tax cash flow: $202/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: Clayton County
• NCES district ID: 1301230
• Math proficiency: 11% ▼ -13.00%
• Reading proficiency: 20% ▼ -9.00%
• Median HH income: $42,266
• Composite: 13.41/100
• National rank: #9527
• State rank: #155 of 174 in GA

Livability — Irondale

• Score: 57/100
• State rank: #466
• US rank: #22025

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Irondale, GA
• County: Clayton County · 230,153 people
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 43,191
• Household income: $62,185
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 1992.0

Population outlook (Clayton County) Hauer SSP2

• Today (2025): 310,777 people
• By 2030: 329,762 · +6.1%
• By 2040: 368,052 · +18.4%
• By 2050: 401,196 · +29.1%
• By 2075: 472,488 · +52.0%
• By 2100: 500,446 · +61.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (71%)
• Race & ethnicity: Black 71% Hispanic / Latino 17% White 7% Two or more races 7%
• Hispanic origin (detail): Mexican 13% Puerto Rican 2%
• Foreign-born: 11% · Canada, United Kingdom
• Languages at home: 83% English-only · Spanish 14% French/Haitian/Cajun 1%

Political lean MEDSL · Clayton

• 2024 margin: Solid D (+69.2) · D 84.3% · R 15.1%
• 2008→2024 swing: +2.8pp toward D · 2008: 66.4pp · 2024: 69.2pp
• All cycles: 2024: D+69.2 2020: D+70.9 2016: D+71.9 2012: D+70.1 2008: D+66.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.48%
• Current HPI: 211.6309
• Rent YoY: ▲ 2.06%
• 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

+39.3% since first listed

10 events — show timeline

• 2026-04-23 Listed $209,000 FMLS
• 2026-04-23 Listed $209,000 GAMLS
• 2024-06-30 Rental Removed $1,680 APPFOLIO
• 2024-04-12 Listed for Rent $1,680 APPFOLIO
• 2024-04-10 Rental Removed — APPFOLIO
• 2024-04-06 Listed for Rent — APPFOLIO
• 2024-03-18 Rental Removed — APPFOLIO
• 2023-07-30 Listed for Rent — APPFOLIO
• 2013-09-16 Sold (Public Records) $230,000 Public Records
• 2013-04-18 Sold (Public Records) $150,000 Public Records

Property tax history

+16.9%/yr

Latest (2025): $3,422 · -1.8% YoY. Source: county tax records.