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2901 Lenox Way NE #902
D Composite 43.28
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 +15.0/15.0
  • 1% rule +6.4/10.0
  • Cash flow +6.3/30.0
  • Schools +4.2/10.0
  • Livability +4.2/5.0
  • Condition / age +4.0/5.0
  • Rent growth +2.5/5.0
  • DSCR +0.7/10.0
  • Appreciation +0.0/10.0

$175,000

2901 Lenox Way NE #902 · Atlanta, GA 30324
2 bd · 1.0 ba · 1,021 sqft · Townhouse · 9 Days on market
Built 1980 Good condition 1,019 sqft lot $171/sqft · 34% below area Est $264k · 34% under $679/mo HOA · 34% of rent

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Beautifully updated, step-free condo in prime Buckhead location. Freshly painted with gleaming hardwoods, this 2/1 offers ample space and storage throughout. The kitchen is large and features an eat-in area, white cabinets, granite counters, & SS appliances. The separate dining area is open to the cozy, fireside living area. This unit has great outdoor space, with a large covered patio off the living area. The bathroom features an updated vanity w/ double sinks and a tub/shower combo. The primary suite is spacious and features 2 closet spaces, including a large walk-in.

Key facts

  • Double sinks
  • Large covered patio
  • Updated vanity

Tags

PRIME BUCKHEAD LOCATIONLARGE COVERED PATIOUPDATED VANITYDOUBLE SINKS

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath townhouse listed at $175k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-307 ($-4k/yr) — negative.
  • To cash-flow at today's rent, offer at most $131k (25.4% below list).
  • Meets the 1% rule at list price ($2k rent vs $175k).
  • Recommended offer: $131k (25.4% below list) — sets the bar for cash-flow.
  • Cap rate 4.2% vs local median 3.2% 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: Sara Rawson Smith Elementary School (math 57% / reading 59%, grade C+, #143 of 1,228 statewide, top 12%, 865 students, 26% FRL); Willis A. Sutton Middle School (math 36% / reading 55%, grade D+, #97 of 470 statewide, top 22%, 1,548 students, 34% FRL); North Atlanta High School (math 27% / reading 17%, grade F, #213 of 424 statewide, top 51%, 2,316 students, 24% FRL) — zoned schools average 28% FRL vs 71% district-wide (43 pts lower); this property's tenant base skews higher-income than the district average.
  • Market conditions: Rents flat; 393 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 53d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; 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

  • Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

  • Watch-outs: HOA is 34% of rent.
  • 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 $130,537 (25.4% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  4. 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?
  5. 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.
  6. 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.
  7. 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
1.14%
Cap rate
4.19%
Cash-on-cash
-7.53%
DSCR
0.67
GRM
7.3

CMA / ARV

ARV (median comp)
$264,118
List price
$175,000
Delta
-33.74%
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
2901 Lenox Rd NE #901 0.10mi 2/1.0 1,162 (+14%) 4mo $220,000 $189 69
2657 Lenox Rd Unit B23 0.49mi 1/1.0 (-1) 1,000 (-2%) 2mo $154,000 $154 67
1419 Summit North Dr NE 0.55mi 1/1.0 (-1) 998 (-2%) 3mo $195,000 $195 63
2657 Lenox Rd #3 0.45mi 2/2.0 964 (-6%) 4mo $192,000 $199 63
2657 Lenox Rd NE Apt 110 0.45mi 2/2.0 949 (-7%) 3mo $190,000 $200 60
1119 Summit North Dr NE #1119 0.54mi 1/1.0 (-1) 998 (-2%) 8mo $187,500 $188 59
1207 Summit North Dr NE #1207 0.55mi 1/1.0 (-1) 998 (-2%) 10mo $205,000 $205 57
2657 Lenox Rd Apt 218P 0.45mi 2/2.0 949 (-7%) 8mo $206,000 $217 56
2700 Pine Tree Rd N #1318 0.42mi 2/2.0 1,130 (+11%) 9mo $255,000 $226 51
970 Sidney Marcus Blvd NE #1204 0.57mi 2/2.0 1,165 (+14%) 2mo $245,000 $210 44
970 Sidney Marcus Blvd NE #1301 0.57mi 2/2.0 1,165 (+14%) 8mo $263,000 $226 39
3275 Lenox Rd NE #110 0.75mi 2/2.0 1,141 (+12%) 13mo $285,000 $250 31

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 · 0.04% rent growth · sell at horizon

5-year hold
IRR
-35.0%
Equity multiple
-0.09×
Total profit
$-53,270
Equity at exit
$26,093
10-year hold
IRR
-87.6%
Equity multiple
-0.88×
Total profit
$-92,160
Equity at exit
$15,131

Cash invested: $49,000 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
60 active · 8 under contract
Months of supply
21.2 mo (5%/mo absorbed)
Median asking
$245,000 ($229/sqft)
Median days on market
91 d
This list price
8% of active listings are priced below it
ARV vs active asking
+13.0% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 30324

Rents YoY
0.0%
Active inventory
393
Price-to-rent
7.3×

Monthly cashflow live

Estimated rent
$2,001 high interval (Pro) →
Mortgage (P&I)
$918
Tax est. 1.5%
$219 /mo · $2,625/yr
Insurance
$73
HOA
$679
Vacancy / Maint / Mgmt
$420
Net cashflow
$-307

Break-even live

Break-even rent $2,390
Max offer price $130,537
Occupancy floor

Sensitivity live

Price -10% $-186 -5% $-247 +0% $-307 +5% $-368 +10% $-428
Rent -10% $-465 -5% $-386 +0% $-307 +5% $-228 +10% $-149
Rate -1.0pp $-219 -0.5pp $-263 base $-307 +0.5pp $-353 +1.0pp $-399

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
$43,750
Closing costs
$5,250
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
201 Lenox Way NE Atlanta, GA 2.0 2.0 1228 $2,000 $1.63 73d 1 0.03mi
2921 Lenox Rd NE Atlanta, GA 1.0–2.0 1.0–2.0 1177 $2,000 $1.70 71d 2 0.07mi
2921 Lenox Rd NE #407 Atlanta, GA 1.0 1.0 1000 $2,000 $2.00 66d 1 0.07mi
207 Lenox Rd NE Unit 207 Atlanta, GA 2.0 2.0 1105 $2,250 $2.04 73d 1 0.08mi
207 Lenox Rd NE Unit 207 Atlanta, GA 2.0 2.0 1105 $2,250 $2.04 7d 1 0.08mi
2901 Lenox Rd NE #508 Atlanta, GA 2.0 2.0 1187 $2,150 $1.81 25d 1 0.12mi
2865 Lenox Rd NE Atlanta, GA 2.0 2.0 1659 $2,798 $1.69 57d 2 0.12mi
2848 Lenox Rd NE Atlanta, GA 2.0 1.0–2.0 603 $2,600 $4.31 4d 27 0.20mi
25312 Plantation Dr NE Atlanta, GA 2.0 2.0 1318 $2,350 $1.78 53d 1 0.21mi
25216 Plantation Dr NE Atlanta, GA 2.0 2.0 1462 $2,600 $1.78 73d 1 0.21mi
23311 Plantation Dr NE Atlanta, GA 2.0 2.0 1224 $2,000 $1.63 73d 1 0.22mi
23212 Plantation Dr NE Atlanta, GA 2.0 2.0 1224 $2,100 $1.72 73d 1 0.22mi
24307 Plantation Dr NE Atlanta, GA 1.0 1.0 816 $1,995 $2.44 64d 1 0.22mi
2770 Lenox Rd NE Atlanta, GA 1.0–2.0 1.0–2.0 1033 $1,930 $1.87 3d 2 0.27mi
4111 Pine Heights Dr NE Atlanta, GA 2.0 2.0 1249 $2,100 $1.68 7d 1 0.29mi
2301 Pine Heights Dr NE Atlanta, GA 2.0 2.0 1249 $2,100 $1.68 68d 1 0.31mi
3115 Pine Heights Dr NE Atlanta, GA 2.0 2.0 1249 $2,100 $1.68 9d 1 0.34mi
3312 Pine Heights Dr NE Atlanta, GA 2.0 2.0 1249 $1,995 $1.60 73d 1 0.36mi
3104 Pine Heights Dr NE #3104 Atlanta, GA 2.0 2.0 1249 $2,450 $1.96 7d 1 0.36mi
2700 Pine Tree Rd NE #1115 Atlanta, GA 1.0 1.0 784 $1,695 $2.16 53d 1 0.45mi
2700 Pine Tree Rd NE #1115 Atlanta, GA 1.0 1.0 784 $1,695 $2.16 3d 1 0.45mi
2657 Lenox Rd NE #110 Atlanta, GA 2.0 2.0 949 $1,850 $1.95 73d 1 0.47mi
2657 Lenox Rd NE Atlanta, GA 2.0 2.0 949 $1,750 $1.84 25d 2 0.51mi
2657 Lenox Rd NE Atlanta, GA 2.0 2.0 949 $1,850 $1.95 53d 2 0.51mi
925 Canterbury Rd NE Atlanta, GA 1.0–2.0 1.0–2.0 1045 $2,335 $2.23 22d 10 0.53mi
925 Canterbury Rd NE Atlanta, GA 1.0–3.0 1.0–2.0 1547 $2,100 $1.36 23d 30 0.53mi
1333 Victor Rd NE Atlanta, GA 3.0 2.0 1422 $6,500 $4.57 3d 1 0.56mi
603 Summit North Dr NE #603 Atlanta, GA 2.0 2.0 1280 $1,800 $1.41 57d 1 0.57mi
603 Summit North Dr NE #603 Atlanta, GA 2.0 2.0 1280 $1,800 $1.41 51d 1 0.57mi
2500 Pine Tree Rd NE Atlanta, GA 1.0–2.0 1.0–2.0 875 $1,799 $2.06 2d 1 0.58mi
970 Sidney Marcus Blvd NE Atlanta, GA 1.0–2.0 1.0–2.0 1002 $1,975 $1.97 2d 3 0.60mi
2716 Buford Hwy NE Atlanta, GA 2.0 1.0 595 $2,000 $3.36 73d 1 0.61mi
2572 Lenox Rd NE Atlanta, GA 1.0–3.0 1.0–2.0 936 $1,600 $1.71 73d 1 0.65mi
2572 Lenox Rd NE Atlanta, GA 1.0–3.0 1.0–2.0 936 $1,600 $1.71 27d 1 0.65mi
740 Sidney Marcus Blvd NE Atlanta, GA 1.0–2.0 1.0–2.0 882 $1,799 $2.04 1d 14 0.66mi
3200 Lenox Rd NE Atlanta, GA 3.0 1.0–2.0 1047 $1,828 $1.75 0d 27 0.67mi
3275 Lenox Rd NE Atlanta, GA 1.0–2.0 1.5 1469 $2,300 $1.57 46d 2 0.72mi
3275 Lenox Rd NE #214 Atlanta, GA 1.0 1.5 1469 $2,300 $1.57 69d 1 0.74mi
1277 Goodwin Rd NE Unit 1273 Atlanta, GA 2.0 2.5 1200 $1,800 $1.50 43d 1 0.76mi
1277 Goodwin Rd NE Unit 1275 Atlanta, GA 2.0 2.5 1200 $1,800 $1.50 93d 1 0.76mi

Property features AI

Finance

Other
Asphalt road surface
HOA & community
Monthly association feeAssociation fee covers grounds maintenance and waterHomeowners associationCommunity poolNear public transport

Exterior

Parking
Parking lot
Security
Gated community
Utilities
Public waterPublic sewerCable availableElectricity availableNatural gas availablePhone availableUnderground utilitiesWater availableSewer available
Home design
CondominiumOne level
Construction
Other construction materialsOther roofResale property
Exterior features
Covered patioPatioOther exterior features

Interior

Kitchen
White cabinetsEat-in kitchenPantryStone countersOpen view to family roomDishwasherMicrowaveRefrigerator
Bedrooms
Master on mainRoommate floor plan2 main level bedrooms
Flooring
CarpetHardwood
Bathrooms
1 full bathroomMaster bath with tub/shower combo1 main level bathroom
Heating & cooling
Central heatingCentral airCeiling fan(s)
Interior features
Crown moldingEntrance foyerWalk-in closet(s)Gas-starter fireplace2+ common walls
Laundry & utility
Laundry in hall

Listing history 37 events

  1. 2026-07-18
    days on market $175,000 Active 9 DOM
  2. 2026-07-18
    days on market $175,000 Active 8 DOM
  3. 2026-07-16
    days on market $175,000 Active 7 DOM
  4. 2026-07-15
    days on market $175,000 Active 6 DOM
  5. 2026-07-14
    days on market $175,000 Active 5 DOM
  6. 2026-07-13
    days on market $175,000 Active 4 DOM
  7. 2026-07-13
    days on market $175,000 Active 3 DOM
  8. 2026-07-11
    days on market $175,000 Active 2 DOM
  9. 2026-07-10
    pricedays on marketlisting id $175,000 Active 1 DOM
  10. 2026-07-06
    days on market $199,900 Active 8 DOM
  11. 2026-07-06
    days on market $199,900 Active 7 DOM
  12. 2026-07-05
    days on market $199,900 Active 6 DOM
  13. 2026-07-03
    days on market $199,900 Active 5 DOM
  14. 2026-07-02
    days on market $199,900 Active 4 DOM
  15. 2026-07-01
    days on market $199,900 Active 3 DOM
  16. 2026-06-30
    days on market $199,900 Active 2 DOM
  17. 2026-06-28
    days on marketlisting id $199,900 Active 1 DOM
  18. 2026-06-26
    days on market $199,900 Active 34 DOM
  19. 2026-06-24
    days on market $199,900 Active 32 DOM
  20. 2026-06-22
    days on market $199,900 Active 30 DOM
  21. 2026-06-21
    days on market $199,900 Active 29 DOM
  22. 2026-06-18
    days on market $199,900 Active 26 DOM
  23. 2026-06-17
    price $199,900 Active 25 DOM
  24. 2026-06-17
    days on market $200,000 Active 25 DOM
  25. 2026-06-16
    days on market $200,000 Active 24 DOM
  26. 2026-06-15
    days on market $200,000 Active 23 DOM
  27. 2026-06-13
    days on market $200,000 Active 21 DOM
  28. 2026-06-13
    days on market $200,000 Active 20 DOM
  29. 2026-06-09
    days on market $200,000 Active 17 DOM
  30. 2026-06-08
    days on market $200,000 Active 16 DOM
  31. 2026-06-07
    days on market $200,000 Active 15 DOM
  32. 2026-06-04
    days on market $200,000 Active 12 DOM
  33. 2026-06-03
    days on market $200,000 Active 11 DOM
  34. 2026-06-02
    days on market $200,000 Active 10 DOM
  35. 2026-06-01
    days on market $200,000 Active 9 DOM
  36. 2026-05-31
    days on market $200,000 Active 8 DOM
  37. 2026-05-23
    listed $200,000 Active

ⓘ 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 2/10 Low
  • 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
  • 💨 Wind 4/10 Moderate 20% chance of damaging wind over 30 yrs
  • 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$24,017
− Mortgage interest
−$9,803
− Property taxes
−$2,625
− Insurance
−$875
− Repairs & maintenance
−$1,921
− Management
−$1,921
− HOA
−$8,148
− Depreciation
−$5,091
Taxable loss
−$6,367
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,528
After-tax cash flow
$-2,159/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 · 30 photos

Good 80/100 Cosmetic rehab Est. rehab $5,105–$15,315 screening

This well-maintained, updated townhouse in Buckhead offers a good condition with fresh paint and modern finishes. It's ready for move-in and has potential for further value increases with exterior painting and landscaping.

Value-add opportunities

  • Both Painting the exterior siding — Enhances curb appeal and can increase both resale and rental value.
  • Both Landscaping the patio area — Improves the outdoor living space and adds to the overall appeal of the property.

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 42/100

Zoned Schools

Elementary Sara Rawson Smith Elementary School C+ GA #143/1,228 Nat'l #8,292/41,679 Middle Willis A. Sutton Middle School D+ GA #97/470 Nat'l #4,522/14,009 High North Atlanta High School F GA #213/424 Nat'l #13,673/17,239

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
A Composite livability gradescore 83/100

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 · 1,203,707 people
City population
629,525
Metro
Atlanta-Sandy Springs-Alpharetta, GA
Population (ZIP)
29,073
Household income
$92,122
Rent vs Own
61.7% rent · 38.3% own
Severe rent burden
11% of renters

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 0.66)
Race & ethnicity
White 51% Black 24% Asian 12% Two or more races 9% Hispanic / Latino 8%
Hispanic origin (detail)
Mexican 3% Puerto Rican 1%
Common ancestry
Lithuanian 3% Italian 2% Serbian 2%
Foreign-born
17% · Canada, China, Jamaica
Languages at home
80% English-only · Spanish 5% Other Indo-European 4% Other Asian/Pacific 3%

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

Price history

2 events — show timeline
  • 2026-07-20 Listing Removed FMLS
  • 2026-07-09 Listed $175,000 FMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…