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148 Waverly Way #6
D Composite 40.67
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).

  • Cash flow +12.9/30.0
  • ARV discount +7.5/15.0
  • Livability +4.2/5.0
  • 1% rule +4.1/10.0
  • DSCR +3.9/10.0
  • Rent growth +2.9/5.0
  • Schools +2.7/10.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$269,900

148 Waverly Way #6 · Atlanta, GA 30307
2 bd · 1.0 ba · 754 sqft · Condo public records · 104 Days on market
Built 1965 $280/mo HOA · 11% of rent

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

Listing remarks MLS

Welcome to this beautifully updated 2-bedroom, 1-bath condominium in the heart of Historic Inman Park, directly across from Springvale Park. Located on the first floor, this charming home features a private patio that opens to a shared, fenced-in backyard-ideal for dog owners, relaxing outdoors, or entertaining guests. Inside, the recently renovated kitchen is bright and airy, offering modern finishes and a functional layout that flows seamlessly into the living space. The unit includes one assigned off-street parking space for added convenience. Enjoy the best of intown living with easy access to the Atlanta Beltline and just a short walk to Cabbagetown, Little Five Points, Reynoldstown, and Old Fourth Ward. Experience all that Inman Park has to offer in one of Atlanta's most beloved neighborhoods.

Key facts

  • Private patio
  • $280 HOA
  • Parking

Tags

PRIVATE PATIORECENTLY RENOVATED KITCHENASSIGNED OFF-STREET PARKINGSHORT WALK TO CABBAGETOWNSHORT WALK TO REYNOLDSTOWNSHORT WALK TO OLD FOURTH WARD

Property features AI

Finance

  • HOA & community: Monthly association fee ($280) covering water, grounds and structure maintenance, and reserve fund; Gated community with homeowners association; Community amenities include proximity to Beltline, public transport, schools, shopping, trails/greenway, park, sidewalks, and street lights; 12 units in the community

Exterior

  • Parking: Assigned parking plus driveway and parking lot spaces; One total parking space; Open parking available
  • Utilities: Public water; Public sewer; Electricity available; Natural gas available; Cable available
  • Home design: Condominium; One level; Brick construction (brick 4 sides); Composition roof; Resale condition
  • Construction: Brick construction (brick 4 sides); Composition roof
  • Exterior features: Patio; Fenced front and back yard; Located across from Springdale Park; City street frontage

Interior

  • Kitchen: Gas oven and gas range; Microwave; Refrigerator; Disposal; Other kitchen features
  • Bedrooms: Two main-level bedrooms; Roommate floor plan
  • Flooring: Laminate flooring
  • Bathrooms: One full bathroom with tub-only master bath
  • Heating & cooling: Forced air heating; Central air conditioning
  • Interior features: Private entrance; 2+ common walls; Other interior features
  • Laundry & utility: Washer and dryer; Laundry located in kitchen; Gas water heater

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath condo listed at $270k.

Deal economics

  • At list price, monthly cash flow is $-21 ($-250/yr) — negative.
  • To cash-flow at today's rent, offer at most $266k (1.4% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $246k (8.9% below list).
  • Recommended offer: $246k (9.0% below list) — sets the bar for market timing.
  • Cap rate 6.2% 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: Springdale Park Elementary School (math 72% / reading 75%, grade A, #37 of 1,228 statewide, top 3%, 742 students, 11% FRL); David T Howard Middle School (math 58% / reading 63%, grade B+, #39 of 470 statewide, top 8%, 1,119 students, 19% FRL); Midtown High School (math 22% / reading 34%, grade F, #151 of 424 statewide, top 36%, 1,602 students, 19% FRL) — zoned schools average 16% FRL vs 71% district-wide (55 pts lower); this property's tenant base skews higher-income than the district average.
  • Zoned-school proficiency averages 54% at this address vs 32% district-wide (+23 pts) — the actual schools serving this property are materially stronger than the Atlanta Public Schools average implies; a family-tenant draw the district grade alone would hide.
  • Market conditions: Rents rising (+1.8%/yr); 174 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 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 $8k 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 104 days — a 9% lower offer ($246k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 7y 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.
  • Current owner paid $210k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Climate carrying-cost: moderate wind risk, 26% 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 $245,609 (9.0% 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 104 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
  6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

1% rule
0.91%
Cap rate
6.20%
Cash-on-cash
-0.33%
DSCR
0.99
GRM
9.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.79% rent growth · sell at horizon

5-year hold
IRR
-18.2%
Equity multiple
0.37×
Total profit
$-47,921
Equity at exit
$40,243
10-year hold
IRR
-13.1%
Equity multiple
0.27×
Total profit
$-54,885
Equity at exit
$23,336

Cash invested: $75,572 (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.

ZIP-level market 30307

Rents YoY
1.8%
Active inventory
174
Price-to-rent
9.1×

Monthly cashflow live

Estimated rent
$2,459 high interval (Pro) →
Mortgage (P&I)
$1,415
Tax from tax record
$155 /mo · $1,866/yr
Insurance
$112
HOA
$280
Vacancy / Maint / Mgmt
$516
Net cashflow
$-21

Break-even live

Break-even rent $2,485
Max offer price $266,226
Occupancy floor 96%

Sensitivity live

Price -10% $132 -5% $56 +0% $-21 +5% $-97 +10% $-174
Rent -10% $-215 -5% $-118 +0% $-21 +5% $76 +10% $173
Rate -1.0pp $115 -0.5pp $48 base $-21 +0.5pp $-91 +1.0pp $-162

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
$67,475
Closing costs
$8,097
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

AddressBedsBaths SqftRent$/sqft DOM Units Dist
794 Dixie Ave NE Atlanta, GA 2.0 1.0 750 $1,720 $2.29 26d 2 0.17mi
780 Dixie Ave NE Apt 3 Atlanta, GA 1.0 1.0 700 $1,575 $2.25 0d 1 0.19mi
44 Delta Pl NE Unit 11 Atlanta, GA 2.0 1.0 900 $1,425 $1.58 26d 1 0.20mi
185 Montag Cir Ste 100 Atlanta, GA 2.0 1.0–2.0 973 $3,257 $3.35 0d 16 0.22mi
600 Brickworks Cir NE Atlanta, GA 1.0 1.0 906 $2,295 $2.53 0d 1 0.23mi
600 Brickworks Cir NE Atlanta, GA 1.0 1.0 906 $2,295 $2.53 15d 1 0.23mi
972 DeKalb Ave NE #202 Atlanta, GA 1.0 1.0 973 $2,270 $2.33 0d 1 0.24mi
245 N Highland Ave NE Atlanta, GA 1.0 1.0 795 $3,250 $4.09 26d 2 0.26mi
240 N Highland Ave NE Atlanta, GA 1.0 1.0 1029 $2,199 $2.14 0d 1 0.28mi
240 N Highland Ave NE Atlanta, GA 1.0 1.0 854 $1,979 $2.32 26d 1 0.28mi
299 N Highland Ave NE Atlanta, GA 1.0 1.0 856 $2,495 $2.91 0d 1 0.32mi
15 Waddell St NE #104 Atlanta, GA 1.0 1.0 1032 $2,550 $2.47 20d 1 0.34mi
44 Krog St NE Atlanta, GA 2.0 2.0 842 $3,645 $4.33 3d 11 0.38mi
658 John Wesley Dobbs Ave NE Unit 02 Atlanta, GA 2.0 1.0 750 $1,525 $2.03 22d 1 0.41mi
1065 Seaboard Ave NE Atlanta, GA 2.0 1.0 780 $1,095 $1.40 26d 1 0.42mi
1031 Austin Ave NE Unit 1 Atlanta, GA 2.0 1.0 877 $3,700 $4.22 22d 1 0.42mi
1031 Austin Ave NE Unit 2 Atlanta, GA 2.0 1.0 925 $3,900 $4.22 22d 1 0.42mi
48 Moda Ln Atlanta, GA 2.0 2.0 1000 $2,600 $2.60 4d 1 0.43mi
1085 Hardee St NE Unit A Atlanta, GA 2.0 2.0 1026 $4,700 $4.58 22d 1 0.44mi
659 Auburn Ave NE Atlanta, GA 1.0–2.0 1.0 935 $4,800 $5.13 0d 2 0.44mi
659 Auburn Ave NE Atlanta, GA 1.0–2.0 1.0 935 $4,800 $5.13 4d 2 0.44mi
665 Auburn Ave NE Unit 610 Atlanta, GA 1.0 1.0 598 $3,800 $6.35 24d 1 0.45mi
347 Sinclair Ave NE Atlanta, GA 2.0 1.0 800 $4,600 $5.75 24d 1 0.49mi
670 DeKalb Ave NE Atlanta, GA 3.0 1.0–2.0 1098 $3,382 $3.08 0d 44 0.49mi
1054 Euclid Ave NE Unit CH Atlanta, GA 1.0 1.0 650 $3,200 $4.92 24d 1 0.49mi
352 Sinclair Ave NE Atlanta, GA 1.0 1.0 650 $4,300 $6.62 26d 1 0.50mi
1125 Hardee St NE Unit A Atlanta, GA 2.0 2.0 1000 $5,000 $5.00 26d 1 0.51mi
1065 Washita Ave NE Unit B Atlanta, GA 2.0 1.0 750 $3,200 $4.27 24d 1 0.51mi
22 Airline St NE Atlanta, GA 1.0 1.0 642 $2,099 $3.27 26d 1 0.52mi
626 DeKalb Ave SE Atlanta, GA 1.0–2.0 1.0–2.0 971 $2,404 $2.47 0d 12 0.55mi
214 Randolph St NE Atlanta, GA 1.0 1.0 675 $1,550 $2.30 9d 1 0.55mi
214 Randolph St NE Atlanta, GA 1.0–2.0 1.0 753 $1,400 $1.86 24d 10 0.55mi
271 Glen Iris Dr NE Unit 2a Atlanta, GA 2.0 1.0 850 $1,450 $1.71 3d 1 0.55mi
144 Moreland Ave NE Atlanta, GA 2.0 1.0–2.0 895 $2,326 $2.60 0d 17 0.56mi
271 Glen Iris Dr NE Atlanta, GA 2.0 1.0 850 $1,472 $1.73 0d 2 0.56mi
1164 Alta Ave NE Unit 3 Atlanta, GA 2.0 1.0 800 $1,700 $2.12 0d 1 0.57mi
747 Ralph McGill Blvd NE Atlanta, GA 1.0–2.0 1.0–2.0 875 $2,981 $3.41 0d 20 0.58mi
940 Mauldin St SE Atlanta, GA 2.0 2.0 750 $2,495 $3.33 0d 1 0.61mi
940 Mauldin St SE Atlanta, GA 1.0 1.0 550 $1,795 $3.26 26d 1 0.61mi
443 N Highland Ave NE Unit 443-4 Atlanta, GA 1.0 1.0 850 $1,725 $2.03 14d 1 0.63mi

HOA detail condo

Monthly dues
$280 · $3,360/yr
Assessments
None detected in remarks — confirm with the listing agent.

Listing history 17 events

  1. 2026-05-13
    status Pending
  2. 2026-05-12
    status Under Contract 810-char remark
    Show marketing remark (810 chars)

    Welcome to this beautifully updated 2-bedroom, 1-bath condominium in the heart of Historic Inman Park, directly across from Springvale Park. Located on the first floor, this charming home features a private patio that opens to a shared, fenced-in backyard-ideal for dog owners, relaxing outdoors, or entertaining guests. Inside, the recently renovated kitchen is bright and airy, offering modern finishes and a functional layout that flows seamlessly into the living space. The unit includes one assigned off-street parking space for added convenience. Enjoy the best of intown living with easy access to the Atlanta Beltline and just a short walk to Cabbagetown, Little Five Points, Reynoldstown, and Old Fourth Ward. Experience all that Inman Park has to offer in one of Atlanta's most beloved neighborhoods.

  3. 2026-05-12
    historical Active Under Contract
    Show marketing remark (810 chars)

    Welcome to this beautifully updated 2-bedroom, 1-bath condominium in the heart of Historic Inman Park, directly across from Springvale Park. Located on the first floor, this charming home features a private patio that opens to a shared, fenced-in backyard-ideal for dog owners, relaxing outdoors, or entertaining guests. Inside, the recently renovated kitchen is bright and airy, offering modern finishes and a functional layout that flows seamlessly into the living space. The unit includes one assigned off-street parking space for added convenience. Enjoy the best of intown living with easy access to the Atlanta Beltline and just a short walk to Cabbagetown, Little Five Points, Reynoldstown, and Old Fourth Ward. Experience all that Inman Park has to offer in one of Atlanta's most beloved neighborhoods.

  4. 2026-04-17
    price $269,900
    Show marketing remark (810 chars)

    Welcome to this beautifully updated 2-bedroom, 1-bath condominium in the heart of Historic Inman Park, directly across from Springvale Park. Located on the first floor, this charming home features a private patio that opens to a shared, fenced-in backyard-ideal for dog owners, relaxing outdoors, or entertaining guests. Inside, the recently renovated kitchen is bright and airy, offering modern finishes and a functional layout that flows seamlessly into the living space. The unit includes one assigned off-street parking space for added convenience. Enjoy the best of intown living with easy access to the Atlanta Beltline and just a short walk to Cabbagetown, Little Five Points, Reynoldstown, and Old Fourth Ward. Experience all that Inman Park has to offer in one of Atlanta's most beloved neighborhoods.

  5. 2026-04-17
    price $269,900 810-char remark
    Show marketing remark (810 chars)

    Welcome to this beautifully updated 2-bedroom, 1-bath condominium in the heart of Historic Inman Park, directly across from Springvale Park. Located on the first floor, this charming home features a private patio that opens to a shared, fenced-in backyard-ideal for dog owners, relaxing outdoors, or entertaining guests. Inside, the recently renovated kitchen is bright and airy, offering modern finishes and a functional layout that flows seamlessly into the living space. The unit includes one assigned off-street parking space for added convenience. Enjoy the best of intown living with easy access to the Atlanta Beltline and just a short walk to Cabbagetown, Little Five Points, Reynoldstown, and Old Fourth Ward. Experience all that Inman Park has to offer in one of Atlanta's most beloved neighborhoods.

  6. 2026-03-24
    price $275,000 810-char remark
    Show marketing remark (810 chars)

    Welcome to this beautifully updated 2-bedroom, 1-bath condominium in the heart of Historic Inman Park, directly across from Springvale Park. Located on the first floor, this charming home features a private patio that opens to a shared, fenced-in backyard-ideal for dog owners, relaxing outdoors, or entertaining guests. Inside, the recently renovated kitchen is bright and airy, offering modern finishes and a functional layout that flows seamlessly into the living space. The unit includes one assigned off-street parking space for added convenience. Enjoy the best of intown living with easy access to the Atlanta Beltline and just a short walk to Cabbagetown, Little Five Points, Reynoldstown, and Old Fourth Ward. Experience all that Inman Park has to offer in one of Atlanta's most beloved neighborhoods.

  7. 2026-03-24
    price $275,000
    Show marketing remark (810 chars)

    Welcome to this beautifully updated 2-bedroom, 1-bath condominium in the heart of Historic Inman Park, directly across from Springvale Park. Located on the first floor, this charming home features a private patio that opens to a shared, fenced-in backyard-ideal for dog owners, relaxing outdoors, or entertaining guests. Inside, the recently renovated kitchen is bright and airy, offering modern finishes and a functional layout that flows seamlessly into the living space. The unit includes one assigned off-street parking space for added convenience. Enjoy the best of intown living with easy access to the Atlanta Beltline and just a short walk to Cabbagetown, Little Five Points, Reynoldstown, and Old Fourth Ward. Experience all that Inman Park has to offer in one of Atlanta's most beloved neighborhoods.

  8. 2026-01-28
    listed $280,000 Active
    Show marketing remark (810 chars)

    Welcome to this beautifully updated 2-bedroom, 1-bath condominium in the heart of Historic Inman Park, directly across from Springvale Park. Located on the first floor, this charming home features a private patio that opens to a shared, fenced-in backyard-ideal for dog owners, relaxing outdoors, or entertaining guests. Inside, the recently renovated kitchen is bright and airy, offering modern finishes and a functional layout that flows seamlessly into the living space. The unit includes one assigned off-street parking space for added convenience. Enjoy the best of intown living with easy access to the Atlanta Beltline and just a short walk to Cabbagetown, Little Five Points, Reynoldstown, and Old Fourth Ward. Experience all that Inman Park has to offer in one of Atlanta's most beloved neighborhoods.

  9. 2026-01-28
    listed $280,000 New 810-char remark
    Show marketing remark (810 chars)

    Welcome to this beautifully updated 2-bedroom, 1-bath condominium in the heart of Historic Inman Park, directly across from Springvale Park. Located on the first floor, this charming home features a private patio that opens to a shared, fenced-in backyard-ideal for dog owners, relaxing outdoors, or entertaining guests. Inside, the recently renovated kitchen is bright and airy, offering modern finishes and a functional layout that flows seamlessly into the living space. The unit includes one assigned off-street parking space for added convenience. Enjoy the best of intown living with easy access to the Atlanta Beltline and just a short walk to Cabbagetown, Little Five Points, Reynoldstown, and Old Fourth Ward. Experience all that Inman Park has to offer in one of Atlanta's most beloved neighborhoods.

  10. 2019-05-20
    soldstatus $210,000
  11. 2019-05-17
    soldstatus $210,000 Closed 410-char remark
    Show marketing remark (410 chars)

    Awesome opportunity for a first time home buyer to get into historic Inman Park. Steps off the beltline, Krog Street Market, restaurants, shopping, multiple grocery stores, and best yet across the street from Springvale Park, you truly can't beat this location. Unit has new Pella windows and hardwood flooring. Building just put on a new roof in February 2019. Only 12 units in this rarely available building.

  12. 2019-05-17
    soldstatus $210,000 Sold
    Show marketing remark (410 chars)

    Awesome opportunity for a first time home buyer to get into historic Inman Park. Steps off the beltline, Krog Street Market, restaurants, shopping, multiple grocery stores, and best yet across the street from Springvale Park, you truly can't beat this location. Unit has new Pella windows and hardwood flooring. Building just put on a new roof in February 2019. Only 12 units in this rarely available building.

  13. 2019-04-08
    status Under Contract
    Show marketing remark (410 chars)

    Awesome opportunity for a first time home buyer to get into historic Inman Park. Steps off the beltline, Krog Street Market, restaurants, shopping, multiple grocery stores, and best yet across the street from Springvale Park, you truly can't beat this location. Unit has new Pella windows and hardwood flooring. Building just put on a new roof in February 2019. Only 12 units in this rarely available building.

  14. 2019-04-08
    status Pending 410-char remark
    Show marketing remark (410 chars)

    Awesome opportunity for a first time home buyer to get into historic Inman Park. Steps off the beltline, Krog Street Market, restaurants, shopping, multiple grocery stores, and best yet across the street from Springvale Park, you truly can't beat this location. Unit has new Pella windows and hardwood flooring. Building just put on a new roof in February 2019. Only 12 units in this rarely available building.

  15. 2019-04-03
    listed $209,900 Active 410-char remark
    Show marketing remark (410 chars)

    Awesome opportunity for a first time home buyer to get into historic Inman Park. Steps off the beltline, Krog Street Market, restaurants, shopping, multiple grocery stores, and best yet across the street from Springvale Park, you truly can't beat this location. Unit has new Pella windows and hardwood flooring. Building just put on a new roof in February 2019. Only 12 units in this rarely available building.

  16. 2019-04-03
    listed $209,900 New
    Show marketing remark (410 chars)

    Awesome opportunity for a first time home buyer to get into historic Inman Park. Steps off the beltline, Krog Street Market, restaurants, shopping, multiple grocery stores, and best yet across the street from Springvale Park, you truly can't beat this location. Unit has new Pella windows and hardwood flooring. Building just put on a new roof in February 2019. Only 12 units in this rarely available building.

  17. 1984-03-27
    soldstatus $50,000

ⓘ 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
$1,866 · $155/mo
Projected year-2 tax
$2,483 · $207/mo
Expected delta
+$617/yr (+$51/mo · 33.1%)

ⓘ 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 5/10 Major 7 d/yr ≥104°F today · 17 d/yr by 30 yrs out
  • 💨 Wind 5/10 Major 26% 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
$29,507
− Mortgage interest
−$15,119
− Property taxes
−$1,866
− Insurance
−$1,350
− Repairs & maintenance
−$2,361
− Management
−$2,361
− HOA
−$3,360
− Depreciation
−$7,852
Taxable loss
−$4,760
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,142
After-tax cash flow
$893/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
Dekalb County · 782,738 people
City population
629,525
Metro
Atlanta-Sandy Springs-Alpharetta, GA
Population (ZIP)
21,709
Household income
$140,677
Rent vs Own
41.7% rent · 58.3% own
Severe rent burden
919.0

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 White (68%)
Race & ethnicity
White 68% Black 14% Two or more races 10% Hispanic / Latino 6% Asian 5%
Hispanic origin (detail)
Mexican 1%
Common ancestry
Lithuanian 4% Slovak 4% Italian 3%
Foreign-born
8% · Canada, China, Vietnam
Languages at home
90% English-only · Spanish 4% Other Indo-European 1% Chinese 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
▼ -702.06%
Current HPI
252.7207
Rent YoY
▲ 1.79%
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

Price history

+439.8% since first listed
17 events — show timeline
  • 2026-05-13 Pending FMLS
  • 2026-05-12 Pending GAMLS
  • 2026-05-12 Contingent FMLS
  • 2026-04-17 Price Changed $269,900 FMLS
  • 2026-04-17 Price Changed $269,900 GAMLS
  • 2026-03-24 Price Changed $275,000 GAMLS
  • 2026-03-24 Price Changed $275,000 FMLS
  • 2026-01-28 Listed $280,000 GAMLS
  • 2026-01-28 Listed $280,000 FMLS
  • 2019-05-20 Sold (Public Records) $210,000 Public Records
  • 2019-05-17 Sold (MLS) $210,000 GAMLS
  • 2019-05-17 Sold (MLS) $210,000 FMLS
  • 2019-04-08 Pending GAMLS
  • 2019-04-08 Pending FMLS
  • 2019-04-03 Listed $209,900 GAMLS
  • 2019-04-03 Listed $209,900 FMLS
  • 1984-03-27 Sold (Public Records) $50,000 Public Records

Property tax history

+5.0%/yr

Latest (2025): $1,866 · -1.8% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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