🏷️ Likely Rental
5445 Waterfall Ct · College Park, GA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $963 – $1,789
Heat risk 6/10 · Moderate
- Hot days now (above 104°F)
- 7 days/yr
- Hot days in 30 yrs
- 18 days/yr
Wind risk 5/10 · Moderate
- Chance of severe wind over 30 yrs
- 26.0%
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 4 days/yr
- Unhealthy air days in 30 yrs
- 7 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B- 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 +20.9/30.0
- ARV discount +15.0/15.0
- Appreciation +10.0/10.0
- DSCR +6.7/10.0
- 1% rule +6.3/10.0
- Livability +3.0/5.0
- Rent growth +2.7/5.0
- Condition / age +2.5/5.0
- Schools +1.3/10.0
$166,250
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Calling all investors! This is a prime opportunity for cash and conventional loan buyers to acquire a below-market, fixer-upper property at 5445 Waterfall Ct, Atlanta, GA 30349. This 1,776 sq ft single-family residence, built in 2007, offers 3 bedrooms and 2.5 bathrooms, presenting significant potential for a high return on investment.The property features a spacious living room, an oversized kitchen, and a two-car garage. The master suite is a standout, boasting a separate tub and shower, an oversized closet, and a private master bathroom. Additionally, there's a versatile loft area and two other secondary bedrooms, providing ample space for renovation and customization to maximize rental income or resale value.Located in a balanced market (30349), this property offers an estimated rental income of $2,053 per month, indicating strong cash flow potential post-renovation. With a Redfin estimate of $233,179, this listing is strategically priced for investors seeking to capitalize on sweat equity and market appreciation. The stucco siding provides a durable exterior, ready for cosmetic upgrades.Don't miss this chance to transform a diamond in the rough into a lucrative asset in the Atlanta real estate market. This property is ideal for investors looking for a value-add project with substantial upside. SOLD AS IS
Key facts
- Stucco siding
- Oversized kitchen
- Versatile loft area
Tags
Property features AI
Finance
- HOA & community: Monthly association fee of $38 that includes grounds maintenance; Association present
Exterior
- Utilities: Public water; Public sewer
- Home design: Two levels; Resale property; Composition roof
- Construction: Other construction materials
- Exterior features: Asphalt road access; Other exterior/lot features
Interior
- Kitchen: Dishwasher; Refrigerator; Other kitchen features
- Bedrooms: Three bedrooms on the upper level; Loft
- Flooring: Other flooring
- Bathrooms: Two full bathrooms; One half bathroom; Master bathroom with separate tub and shower
- Heating & cooling: Central heating
- Interior features: Double pane windows; No common walls; Other interior features
- Laundry & utility: Other laundry features
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/3.0-bath single-family listed at $166k.
Deal economics
- At list price, monthly cash flow is $232 ($3k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($2k rent vs $166k).
- Cap rate 8.0% vs local median 3.8% in College Park — 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 59/100 on livability (#408 in GA) — a working-class tenant base; expect higher turnover. Strengths: commute A+, cost of living A+, housing A-; Watch: crime F, amenities F, employment D-.
- 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: West Clayton Elementary School (math 10% / reading 10%, grade F, #1,076 of 1,228 statewide, top 89%, 488 students, 90% FRL); North Clayton Middle School (math 12% / reading 27%, grade F, #356 of 470 statewide, top 78%, 767 students, 90% FRL); North Clayton High School (math 2% / reading 22%, grade F, #336 of 424 statewide, top 80%, 1,206 students, 90% FRL).
- Market conditions: Rents flat; 651 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 865 units permitted in Clayton County in 2024 (448 in 5+ unit buildings).
- This rent runs 34% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.
Forward outlook
- In year one you build about $18k of equity ($1k loan paydown + $17k appreciation (10.0% local appreciation)).
- Clayton County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (10.0% appreciation + 0.9% rent growth), your $47k cash investment doubles in ~3 years — after that, you're playing with house money.
- By year 3, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
- 3 sale attempts since 17y 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, 26% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 1.13% ✓
- Cap rate
- 7.96%
- Cash-on-cash
- 5.97%
- DSCR
- 1.27
- GRM
- 7.4
CMA / ARV
- ARV (on-the-fly)
- $225,552
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 5445 Waterfall Ct | 0.00mi | 3/2.5 | 1,776 (0%) | 1mo | $165,000 | $93 | 97 |
| 1267 Brookstone Rd | 0.08mi | 3/2.5 | 1,826 (+3%) | 4mo | $199,900 | $109 | 86 |
| 1250 Brookstone Rd | 0.06mi | 3/2.5 | 1,826 (+3%) | 9mo | $228,000 | $125 | 83 |
| 5639 Isleworth Ct | 0.53mi | 3/2.0 | 1,750 (-2%) | 0mo | $245,000 | $140 | 68 |
| 1263 Shoreham Dr | 0.57mi | 4/2.0 (+1) | 1,645 (-7%) | 2mo | $199,900 | $122 | 51 |
| 1544 Northcut Ct | 0.69mi | 3/2.0 | 1,908 (+7%) | 2mo | $189,250 | $99 | 50 |
| 5467 Northcut Dr | 0.73mi | 4/2.5 (+1) | 1,872 (+5%) | 2mo | $246,100 | $131 | 49 |
| 5228 Kirk Dr | 0.53mi | 4/2.5 (+1) | 1,900 (+7%) | 10mo | $241,000 | $127 | 48 |
| 883 Pine Shoals Dr | 0.62mi | 3/2.5 | 1,881 (+6%) | 13mo | $190,000 | $101 | 48 |
| 842 Shoals Ct | 0.68mi | 3/2.5 | 1,662 (-6%) | 10mo | $239,999 | $144 | 47 |
| 5517 Rock Shoals Way | 0.67mi | 3/2.0 | 1,617 (-9%) | 7mo | $242,000 | $150 | 44 |
| 870 Pine Shoals Dr | 0.66mi | 3/2.5 | 1,617 (-9%) | 10mo | $205,000 | $127 | 44 |
Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.
Projected returns pro-forma
10.0% appreciation · 0.95% rent growth · sell at horizon
- IRR
- 27.8%
- Equity multiple
- 3.18×
- Total profit
- $101,583
- Equity at exit
- $149,771
- IRR
- 23.6%
- Equity multiple
- 7.03×
- Total profit
- $280,632
- Equity at exit
- $322,987
Cash invested: $46,550 (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
ZIP-level market 30349
- Home prices YoY
- 4.6%
- Rents YoY
- 0.9%
- Active inventory
- 651
- Price-to-rent
- 7.4×
Monthly cashflow live
- Estimated rent
- $1,885 high interval (Pro) →
- Mortgage (P&I)
- −$872
- Tax from tax record
- −$278 /mo · $3,336/yr
- Insurance
- −$69
- HOA
- −$38
- Vacancy / Maint / Mgmt
- −$396
- Net cashflow
- $232
Break-even live
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
- $41,562
- Closing costs
- $4,988
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1263 Brookstone Rd Atlanta, GA | 3.0 | 2.5 | 1902 | $1,900 | $1.00 | 18d | 1 | 0.07mi |
| 1136 Summer Brook Rd Atlanta, GA | 3.0 | 2.0 | 1416 | $1,599 | $1.13 | 4d | 1 | 0.08mi |
| 1270 Brookstone Rd Atlanta, GA | 3.0 | 2.5 | 1826 | $1,920 | $1.05 | 5d | 1 | 0.08mi |
| 5405 Glen Haven Dr Unit Labs Atlanta, GA | 4.0 | 2.0 | 1392 | $2,700 | $1.94 | 43d | 1 | 0.12mi |
| 1194 Crystal Lake Rd Atlanta, GA | 3.0 | 2.0 | 1623 | $1,545 | $0.95 | 24d | 1 | 0.14mi |
| 1086 Summer Brook Rd Atlanta, GA | 3.0 | 2.0 | 1400 | $1,600 | $1.14 | 43d | 1 | 0.16mi |
| 5589 Glen Haven Dr Atlanta, GA | 4.0 | 2.0 | 1400 | $1,725 | $1.23 | 43d | 1 | 0.22mi |
| 1201 Shoreham Dr Atlanta, GA | 3.0 | 2.0 | 1888 | $1,595 | $0.84 | 43d | 1 | 0.31mi |
| 5543 Pine Gate Dr Atlanta, GA | 3.0 | 2.0 | 1352 | $1,615 | $1.19 | 43d | 1 | 0.37mi |
| 5543 Pine Gate Dr Atlanta, GA | 3.0 | 2.0 | 1352 | $1,895 | $1.40 | 12d | 1 | 0.37mi |
| 5665 Hidden Brook Cir Atlanta, GA | 4.0 | 2.5 | 2228 | $2,149 | $0.96 | 12d | 1 | 0.39mi |
| 5388 Kirk Dr Atlanta, GA | 3.0 | 2.5 | 1556 | $1,990 | $1.28 | 5d | 1 | 0.39mi |
| 5569 Pine Gate Dr Atlanta, GA | 3.0 | 2.0 | 1400 | $2,350 | $1.68 | 20d | 1 | 0.40mi |
| 1100 Hidden Brook Trl Atlanta, GA | 4.0 | 2.5 | 1516 | $1,850 | $1.22 | 43d | 1 | 0.41mi |
| 1048 Flat Shoals Rd Atlanta, GA | 1.0–3.0 | 1.0–2.0 | 996 | $1,586 | $1.59 | 1d | 11 | 0.41mi |
| 1076 Hidden Brook Trl Atlanta, GA | 4.0 | 3.0 | 2211 | $2,145 | $0.97 | 22d | 1 | 0.43mi |
| 5689 Isleworth Way Atlanta, GA | 3.0 | 2.0 | 1248 | $1,800 | $1.44 | 15d | 1 | 0.51mi |
| 5683 Pine Gate Dr Atlanta, GA | 4.0 | 2.5 | 2002 | $1,975 | $0.99 | 43d | 1 | 0.55mi |
| 5599 Rock Shoals Way Atlanta, GA | 3.0 | 2.5 | 1510 | $1,840 | $1.22 | 1d | 1 | 0.59mi |
| 945 Silverwood Dr Unit 945 Atlanta, GA | 2.0 | 2.5 | 1232 | $1,275 | $1.03 | 3d | 1 | 0.59mi |
| 5612 Windwood Rd Unit 5614 Atlanta, GA | 2.0 | 2.5 | 1232 | $1,250 | $1.01 | 24d | 1 | 0.60mi |
| 5614 Windwood Rd Unit 5614 Atlanta, GA | 2.0 | 2.5 | 1232 | $1,295 | $1.05 | 44d | 1 | 0.60mi |
| 907 Silverwood Dr Atlanta, GA | 2.0 | 2.5 | 1276 | $1,225 | $0.96 | 20d | 1 | 0.65mi |
| 907 Silverwood Dr #907 Atlanta, GA | 2.0 | 2.5 | 1276 | $1,250 | $0.98 | 20d | 1 | 0.65mi |
| 907 Silverwood Dr #907 Atlanta, GA | 2.0 | 2.5 | 1276 | $1,225 | $0.96 | 43d | 1 | 0.65mi |
| 1533 Northcut Ct Atlanta, GA | 3.0 | 2.5 | 1872 | $1,938 | $1.04 | 12d | 1 | 0.68mi |
| 5205 Heather Ln Atlanta, GA | 4.0 | 2.0 | 1530 | $2,100 | $1.37 | 15d | 1 | 0.68mi |
| 5205 Heather Ln Atlanta, GA | 4.0 | 2.0 | 1530 | $2,010 | $1.31 | 24d | 1 | 0.68mi |
| 5205 Heather Ln Atlanta, GA | 4.0 | 2.0 | 1530 | $2,310 | $1.51 | 16d | 1 | 0.68mi |
| 1110 Garden Walk Blvd Atlanta, GA | 1.0–3.0 | 1.0–2.0 | 1016 | $1,720 | $1.69 | 2d | 22 | 0.69mi |
| 5626 Norman Ct Atlanta, GA | 3.0 | 2.0 | 1344 | $1,790 | $1.33 | 43d | 1 | 0.69mi |
| 5443 Northcut Dr Atlanta, GA | 3.0 | 2.0 | 1872 | $1,751 | $0.94 | 43d | 1 | 0.72mi |
| 845 Rock Shoals Ct Atlanta, GA | 3.0 | 2.0 | 1504 | $1,740 | $1.16 | 4d | 1 | 0.74mi |
| 5327 Riverwalk Dr Atlanta, GA | 1.0–3.0 | 1.0–1.5 | 972 | $1,380 | $1.42 | 4d | 340 | 0.77mi |
| 1561 Norman Xing Atlanta, GA | 3.0 | 2.5 | 1436 | $1,699 | $1.18 | 43d | 1 | 0.77mi |
| 5692 Norman Ct Atlanta, GA | 3.0 | 2.5 | 1770 | $1,806 | $1.02 | 5d | 1 | 0.80mi |
| 1507 Pine Dr Atlanta, GA | 1.0–3.0 | 1.0–2.0 | 1050 | $1,576 | $1.50 | 2d | 9 | 0.88mi |
| 5505 Park Pl S Atlanta, GA | 2.0 | 2.0 | 1680 | $1,800 | $1.07 | 43d | 1 | 0.89mi |
| 1410 Willow Dr Riverdale, GA | 3.0 | 2.0 | 1365 | $1,599 | $1.17 | 43d | 1 | 1.02mi |
| 1605 Chattahoochee Ct Atlanta, GA | 4.0 | 2.5 | 2156 | $2,210 | $1.03 | 43d | 1 | 1.02mi |
HOA detail
- Monthly dues
- $38 · $456/yr
- Likely covers
- water
Listing history 11 events
-
2026-05-14soldstatus $165,000 Sold 1330-char remark
Show marketing remark (1330 chars)
Calling all investors! This is a prime opportunity for cash and conventional loan buyers to acquire a below-market, fixer-upper property at 5445 Waterfall Ct, Atlanta, GA 30349. This 1,776 sq ft single-family residence, built in 2007, offers 3 bedrooms and 2.5 bathrooms, presenting significant potential for a high return on investment.The property features a spacious living room, an oversized kitchen, and a two-car garage. The master suite is a standout, boasting a separate tub and shower, an oversized closet, and a private master bathroom. Additionally, there's a versatile loft area and two other secondary bedrooms, providing ample space for renovation and customization to maximize rental income or resale value.Located in a balanced market (30349), this property offers an estimated rental income of $2,053 per month, indicating strong cash flow potential post-renovation. With a Redfin estimate of $233,179, this listing is strategically priced for investors seeking to capitalize on sweat equity and market appreciation. The stucco siding provides a durable exterior, ready for cosmetic upgrades.Don't miss this chance to transform a diamond in the rough into a lucrative asset in the Atlanta real estate market. This property is ideal for investors looking for a value-add project with substantial upside. SOLD AS IS
-
2026-04-14status Under Contract 1330-char remark
Show marketing remark (1330 chars)
Calling all investors! This is a prime opportunity for cash and conventional loan buyers to acquire a below-market, fixer-upper property at 5445 Waterfall Ct, Atlanta, GA 30349. This 1,776 sq ft single-family residence, built in 2007, offers 3 bedrooms and 2.5 bathrooms, presenting significant potential for a high return on investment.The property features a spacious living room, an oversized kitchen, and a two-car garage. The master suite is a standout, boasting a separate tub and shower, an oversized closet, and a private master bathroom. Additionally, there's a versatile loft area and two other secondary bedrooms, providing ample space for renovation and customization to maximize rental income or resale value.Located in a balanced market (30349), this property offers an estimated rental income of $2,053 per month, indicating strong cash flow potential post-renovation. With a Redfin estimate of $233,179, this listing is strategically priced for investors seeking to capitalize on sweat equity and market appreciation. The stucco siding provides a durable exterior, ready for cosmetic upgrades.Don't miss this chance to transform a diamond in the rough into a lucrative asset in the Atlanta real estate market. This property is ideal for investors looking for a value-add project with substantial upside. SOLD AS IS
-
2026-04-14status Pending
Show marketing remark (1330 chars)
Calling all investors! This is a prime opportunity for cash and conventional loan buyers to acquire a below-market, fixer-upper property at 5445 Waterfall Ct, Atlanta, GA 30349. This 1,776 sq ft single-family residence, built in 2007, offers 3 bedrooms and 2.5 bathrooms, presenting significant potential for a high return on investment.The property features a spacious living room, an oversized kitchen, and a two-car garage. The master suite is a standout, boasting a separate tub and shower, an oversized closet, and a private master bathroom. Additionally, there's a versatile loft area and two other secondary bedrooms, providing ample space for renovation and customization to maximize rental income or resale value.Located in a balanced market (30349), this property offers an estimated rental income of $2,053 per month, indicating strong cash flow potential post-renovation. With a Redfin estimate of $233,179, this listing is strategically priced for investors seeking to capitalize on sweat equity and market appreciation. The stucco siding provides a durable exterior, ready for cosmetic upgrades.Don't miss this chance to transform a diamond in the rough into a lucrative asset in the Atlanta real estate market. This property is ideal for investors looking for a value-add project with substantial upside. SOLD AS IS
-
2026-04-09price $166,250 1330-char remark
Show marketing remark (1330 chars)
Calling all investors! This is a prime opportunity for cash and conventional loan buyers to acquire a below-market, fixer-upper property at 5445 Waterfall Ct, Atlanta, GA 30349. This 1,776 sq ft single-family residence, built in 2007, offers 3 bedrooms and 2.5 bathrooms, presenting significant potential for a high return on investment.The property features a spacious living room, an oversized kitchen, and a two-car garage. The master suite is a standout, boasting a separate tub and shower, an oversized closet, and a private master bathroom. Additionally, there's a versatile loft area and two other secondary bedrooms, providing ample space for renovation and customization to maximize rental income or resale value.Located in a balanced market (30349), this property offers an estimated rental income of $2,053 per month, indicating strong cash flow potential post-renovation. With a Redfin estimate of $233,179, this listing is strategically priced for investors seeking to capitalize on sweat equity and market appreciation. The stucco siding provides a durable exterior, ready for cosmetic upgrades.Don't miss this chance to transform a diamond in the rough into a lucrative asset in the Atlanta real estate market. This property is ideal for investors looking for a value-add project with substantial upside. SOLD AS IS
-
2026-04-09price $166,250
Show marketing remark (1330 chars)
Calling all investors! This is a prime opportunity for cash and conventional loan buyers to acquire a below-market, fixer-upper property at 5445 Waterfall Ct, Atlanta, GA 30349. This 1,776 sq ft single-family residence, built in 2007, offers 3 bedrooms and 2.5 bathrooms, presenting significant potential for a high return on investment.The property features a spacious living room, an oversized kitchen, and a two-car garage. The master suite is a standout, boasting a separate tub and shower, an oversized closet, and a private master bathroom. Additionally, there's a versatile loft area and two other secondary bedrooms, providing ample space for renovation and customization to maximize rental income or resale value.Located in a balanced market (30349), this property offers an estimated rental income of $2,053 per month, indicating strong cash flow potential post-renovation. With a Redfin estimate of $233,179, this listing is strategically priced for investors seeking to capitalize on sweat equity and market appreciation. The stucco siding provides a durable exterior, ready for cosmetic upgrades.Don't miss this chance to transform a diamond in the rough into a lucrative asset in the Atlanta real estate market. This property is ideal for investors looking for a value-add project with substantial upside. SOLD AS IS
-
2026-04-01$175,000 New 1330-char remark
Show marketing remark (1330 chars)
Calling all investors! This is a prime opportunity for cash and conventional loan buyers to acquire a below-market, fixer-upper property at 5445 Waterfall Ct, Atlanta, GA 30349. This 1,776 sq ft single-family residence, built in 2007, offers 3 bedrooms and 2.5 bathrooms, presenting significant potential for a high return on investment.The property features a spacious living room, an oversized kitchen, and a two-car garage. The master suite is a standout, boasting a separate tub and shower, an oversized closet, and a private master bathroom. Additionally, there's a versatile loft area and two other secondary bedrooms, providing ample space for renovation and customization to maximize rental income or resale value.Located in a balanced market (30349), this property offers an estimated rental income of $2,053 per month, indicating strong cash flow potential post-renovation. With a Redfin estimate of $233,179, this listing is strategically priced for investors seeking to capitalize on sweat equity and market appreciation. The stucco siding provides a durable exterior, ready for cosmetic upgrades.Don't miss this chance to transform a diamond in the rough into a lucrative asset in the Atlanta real estate market. This property is ideal for investors looking for a value-add project with substantial upside. SOLD AS IS
-
2026-04-01$175,000 Active
Show marketing remark (1330 chars)
Calling all investors! This is a prime opportunity for cash and conventional loan buyers to acquire a below-market, fixer-upper property at 5445 Waterfall Ct, Atlanta, GA 30349. This 1,776 sq ft single-family residence, built in 2007, offers 3 bedrooms and 2.5 bathrooms, presenting significant potential for a high return on investment.The property features a spacious living room, an oversized kitchen, and a two-car garage. The master suite is a standout, boasting a separate tub and shower, an oversized closet, and a private master bathroom. Additionally, there's a versatile loft area and two other secondary bedrooms, providing ample space for renovation and customization to maximize rental income or resale value.Located in a balanced market (30349), this property offers an estimated rental income of $2,053 per month, indicating strong cash flow potential post-renovation. With a Redfin estimate of $233,179, this listing is strategically priced for investors seeking to capitalize on sweat equity and market appreciation. The stucco siding provides a durable exterior, ready for cosmetic upgrades.Don't miss this chance to transform a diamond in the rough into a lucrative asset in the Atlanta real estate market. This property is ideal for investors looking for a value-add project with substantial upside. SOLD AS IS
-
2010-01-15soldstatus $50,500
-
2009-11-30soldstatus $50,500 221-char remark
Show marketing remark (221 chars)
COME ONE, COME ALL BUYERS!!! NEVER BEEN LIVED IN - ALL APPLIANCES INCLUDED. SELLER PAYS 3% TOWARDS CLOSING COST. DON'T MISS OUT, WONT LAST LONG. SELLER VERY MOTIVATED. LEASE OPTIONS AVAILABLE. OWNER'S FINANCING AVAILABLE.
-
2009-08-05$89,900 221-char remark
Show marketing remark (221 chars)
COME ONE, COME ALL BUYERS!!! NEVER BEEN LIVED IN - ALL APPLIANCES INCLUDED. SELLER PAYS 3% TOWARDS CLOSING COST. DON'T MISS OUT, WONT LAST LONG. SELLER VERY MOTIVATED. LEASE OPTIONS AVAILABLE. OWNER'S FINANCING AVAILABLE.
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2008-11-25soldstatus $115,000
ⓘ 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
- $3,336 · $278/mo
- Projected year-2 tax
- $3,336 · $278/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 1/10 Low
- Heat 6/10 Major 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
- Wind 5/10 Major 26% chance of damaging wind over 30 yrs
- Air quality 4/10 Moderate 4 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
- $22,614
- − Mortgage interest
- −$9,313
- − Property taxes
- −$3,336
- − Insurance
- −$831
- − Repairs & maintenance
- −$1,809
- − Management
- −$1,809
- − HOA
- −$456
- − Depreciation
- −$4,836
- Taxable income
- $223
- Est. tax owed @ 24.0%
- −$54
- After-tax cash flow
- $2,726/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 — College Park
- Score
- 59/100
- State rank
- #408
- US rank
- #20212
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- County
- Fulton County · 1,094,430 people
- City population
- 127,674
- Metro
- Atlanta-Sandy Springs-Alpharetta, GA
- Population (ZIP)
- 79,872
- Household income
- $67,023
- Rent vs Own
- Severe rent burden
- 4258.0
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 (89%)
- Race & ethnicity
- Black 89% Hispanic / Latino 5% Two or more races 4% White 3%
- Foreign-born
- 9% · Canada
- Languages at home
- 88% English-only · Spanish 6% 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
- ▲ 18.01%
- Current HPI
- 407.99
- Rent YoY
- ▲ 0.95%
- 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 |
|
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| Retail | 1 | $160B |
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| Transportation / Logistics | 1 | $91B |
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| Airlines | 1 | $62B |
|
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| Consumer Goods | 1 | $47B |
|
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| Utilities | 1 | $25B |
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Price history
+43.5% since first listed11 events — show timeline
- 2026-05-14 Sold (MLS) $165,000 GAMLS
- 2026-04-14 Pending — GAMLS
- 2026-04-14 Pending — FMLS
- 2026-04-09 Price Changed $166,250 GAMLS
- 2026-04-09 Price Changed $166,250 FMLS
- 2026-04-01 Listed $175,000 FMLS
- 2026-04-01 Listed $175,000 GAMLS
- 2010-01-15 Sold (Public Records) $50,500 Public Records
- 2009-11-30 Sold (MLS) $50,500 FMLS
- 2009-08-05 Listed $89,900 FMLS
- 2008-11-25 Sold (Public Records) $115,000 Public Records
Property tax history
+4.0%/yrLatest (2025): $3,336 · -2.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…