3074 Delowe Dr · East Point, GA 30344

$115,000

2 bd · 1.0 ba · 1,210 sqft · SingleFamily public records · 434 Days on market

Built 1950 9,757 sqft lot $95/sqft · 47% below area Est $218k · 47% under

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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 +27.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.7/10.0
• 1% rule +7.5/10.0
• Schools +4.5/10.0
• Livability +3.6/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Prime investment opportunity! This 0.2242-Acre Flat Level Lot in East Point offers an ideal Location close to Dining, Shopping, Sykes Park, and just 4 Miles from Hartsfield-Jackson Airport. Enjoy quick access to interstates for easy commuting. Perfect for savvy buyers or investors looking to build a dream home in a thriving area! Don't miss out on this gem.

Key facts

• 9,757 sq ft lot
• Built 1950
• Listed 434 days

Tags

• 0.2242-ACRE FLAT LEVEL LOT
• QUICK ACCESS TO INTERSTATES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $344 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.9% vs local median 5.1% in East Point — 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 72/100 on livability (#72 in GA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, schools F, crime F.
• Fulton County (suburban): math 49% / reading 53% proficiency, ranked #12 of 174 in GA (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.4%/yr); 283 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $795 of loan paydown is wiped out by about $3k 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 434 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 2y ago; this cycle's ask has dropped $10k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $65k; list at $115k implies a 77% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 27% 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 $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 434 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 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?
7. 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.
8. 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.
9. 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: 1.25% ✓
• Cap rate: 9.88%
• Cash-on-cash: 12.81%
• DSCR: 1.57
• GRM: 6.7

CMA / ARV

• ARV (median comp): $217,645
• List price: $115,000
• Delta: -47.16%
• 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
3020 Washington Rd	0.12mi	2/1.0	1,101 (-9%)	8mo	$155,000	$141	72
1933 Mercer Ave	0.55mi	2/1.0	1,218 (+1%)	1mo	$235,000	$193	72
2894 S Clark Dr	0.33mi	2/2.0	1,278 (+6%)	1mo	$265,000	$207	70
3176 Pollard St	0.20mi	3/2.0 (+1)	1,129 (-7%)	11mo	$275,000	$244	62
2791 Pearl St	0.67mi	2/1.0	1,196 (-1%)	10mo	$264,000	$221	58
3190 E Point St	0.73mi	2/2.0	1,232 (+2%)	3mo	$274,900	$223	56
3045 Church St	0.67mi	2/1.0	1,264 (+4%)	10mo	$105,000	$83	53
1856 Linwood Ave	0.74mi	2/2.0	1,269 (+5%)	1mo	$330,000	$260	53
1857 Walker Ave	0.71mi	3/2.0 (+1)	1,234 (+2%)	6mo	$255,000	$207	50
1792 Center Ave	0.60mi	3/2.0 (+1)	1,266 (+5%)	9mo	$105,000	$83	48
3242 College St	0.53mi	3/2.0 (+1)	1,104 (-9%)	10mo	$224,500	$203	43
1815 Dunlap Ave	0.57mi	3/2.0 (+1)	1,386 (+14%)	9mo	$375,000	$271	33

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 · 1.35% rent growth · sell at horizon

5-year hold

• IRR: 0.8%
• Equity multiple: 1.03×
• Total profit: $931
• Equity at exit: $17,147

10-year hold

• IRR: 8.7%
• Equity multiple: 1.61×
• Total profit: $19,768
• Equity at exit: $9,943

Cash invested: $32,200 (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 30344

• Home prices YoY: -31.0%
• Rents YoY: 1.4%
• Active inventory: 283
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,436 high
• Mortgage (P&I): −$603
• Tax from tax record: −$140 /mo · $1,678/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $344

Break-even live

Break-even rent $1,001

Max offer price $115,000

Occupancy floor 71%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3184 Pollard St Atlanta, GA	3.0	2.0	1400	$1,800	$1.29	43d	1	0.22mi
3100 Larose St Atlanta, GA	3.0	1.0	1121	$1,600	$1.43	43d	1	0.23mi
3158 Cloverhurst Dr Atlanta, GA	3.0	2.0	1196	$1,700	$1.42	43d	1	0.24mi
3128 Chateau Blvd East Point, GA	1.0	1.0	900	$1,295	$1.44	24d	1	0.35mi
3128 Chateau Blvd East Point, GA	1.0–2.0	1.0	1000	$1,395	$1.40	15d	12	0.35mi
3030 Remington St Atlanta, GA	3.0	1.0	1100	$1,200	$1.09	24d	1	0.36mi
3031 Remington St Atlanta, GA	3.0	2.0	1369	$1,200	$0.88	18d	1	0.39mi
1910 Center Ave Atlanta, GA	2.0	1.0	800	$1,300	$1.62	43d	1	0.39mi
3198 Washington Rd Atlanta, GA	2.0	1.5	1000	$1,500	$1.50	43d	1	0.40mi
2956 8th St Atlanta, GA	1.0	1.0	1000	$750	$0.75	15d	1	0.40mi
1940 Dunlap Ave Atlanta, GA	1.0	1.0	950	$750	$0.79	43d	1	0.40mi
2977 Pearl St Unit 2 Atlanta, GA	2.0	1.0	800	$1,390	$1.74	1d	1	0.44mi
1863 Phillips Ave Atlanta, GA	3.0	2.5	1470	$2,115	$1.44	10d	1	0.49mi
1907 Lyle Ave Atlanta, GA	2.0	1.0	736	$1,300	$1.77	43d	1	0.54mi
3207 McKenzie Rd Unit 3211 East Point, GA	2.0	1.0	800	$1,195	$1.49	43d	1	0.55mi
3207 McKenzie Rd Unit 3213 East Point, GA	2.0	1.0	800	$1,195	$1.49	24d	1	0.55mi
3207 McKenzie Rd Unit 3227 East Point, GA	2.0	1.0	800	$1,395	$1.74	43d	1	0.55mi
1836 Dunlap Ave Apt 90 Atlanta, GA	2.0	1.5	1030	$1,150	$1.12	24d	1	0.57mi
3045 Semmes St Atlanta, GA	2.0	1.5	1000	$1,400	$1.40	43d	3	0.57mi
1827 Dunlap Ave Atlanta, GA	3.0	2.0	1250	$3,200	$2.56	43d	1	0.58mi
3241 Turner St Unit 1 East Point, GA	2.0	1.5	1200	$1,295	$1.08	43d	1	0.58mi
3300 College St Unit 5 College Park, GA	2.0	1.0	760	$975	$1.28	2d	1	0.59mi
1861 Lyle Ave Unit 2 Atlanta, GA	2.0	2.0	1250	$1,600	$1.28	43d	1	0.61mi
1818 Vesta Ave Atlanta, GA	1.0–2.0	1.0	811	$1,450	$1.79	43d	5	0.63mi
1923 Thompson Ave Unit 2 East Point, GA	1.0	1.0	1047	$1,000	$0.96	43d	1	0.63mi
1923 Thompson Ave Unit 2 East Point, GA	1.0	1.0	1047	$1,000	$0.96	12d	1	0.63mi
3168 Beech Dr Atlanta, GA	3.0	2.0	1402	$1,500	$1.07	43d	1	0.64mi
2756 Plantation Dr Atlanta, GA	3.0	2.0	1119	$1,950	$1.74	20d	1	0.64mi
2997 Park St Unit 2 Atlanta, GA	2.0	1.5	860	$1,549	$1.80	5d	1	0.65mi
2997 Park St Unit 3 Atlanta, GA	2.0	1.5	860	$1,499	$1.74	43d	1	0.65mi
1915 Walker Ave College Park, GA	1.0	1.0	900	$1,450	$1.61	43d	1	0.67mi
2414 Stone Rd Atlanta, GA	1.0	1.0–1.5	956	$927	$0.97	2d	4	0.71mi
1804 Lyle Ave Unit 4 College Park, GA	2.0	1.5	900	$1,350	$1.50	43d	1	0.71mi
3203 E Point St Apt 4 Atlanta, GA	2.0	1.0	800	$1,350	$1.69	24d	1	0.72mi
3203 E Point St Apt 4 Atlanta, GA	2.0	1.0	800	$1,350	$1.69	10d	1	0.72mi
3193 E Point St Unit 4 Atlanta, GA	2.0	1.0	800	$1,350	$1.69	10d	1	0.72mi
3193 E Point St Unit 4 Atlanta, GA	2.0	1.0	800	$1,350	$1.69	20d	1	0.72mi
3445 Almand Dr Atlanta, GA	2.0	2.0	1018	$1,700	$1.67	20d	1	0.73mi
2040 Cambridge Ave Atlanta, GA	1.0	1.0	900	$1,400	$1.56	21d	1	0.74mi
2420 Heaton Dr Atlanta, GA	1.0–3.0	1.5–2.0	1103	$1,422	$1.29	43d	1	0.74mi

Listing history 29 events

1. 2026-06-18
   days on market $115,000 Active 434 DOM
2. 2026-06-17
   days on market $115,000 Active 433 DOM
3. 2026-06-16
   days on market $115,000 Active 432 DOM
4. 2026-06-15
   days on market $115,000 Active 431 DOM
5. 2026-06-13
   days on market $115,000 Active 429 DOM
6. 2026-06-09
   days on market $115,000 Active 425 DOM
7. 2026-06-08
   days on market $115,000 Active 424 DOM
8. 2026-06-08
   days on market $115,000 Active 423 DOM
9. 2026-06-04
   days on market $115,000 Active 420 DOM
10. 2026-06-03
    days on market $115,000 Active 419 DOM
11. 2026-06-01
    days on market $115,000 Active 417 DOM
12. 2026-05-31
    days on market $115,000 Active 416 DOM
13. 2025-06-11
    price $115,000 359-char remark

    Show marketing remark (359 chars)

    Prime investment opportunity! This 0.2242-Acre Flat Level Lot in East Point offers an ideal Location close to Dining, Shopping, Sykes Park, and just 4 Miles from Hartsfield-Jackson Airport. Enjoy quick access to interstates for easy commuting. Perfect for savvy buyers or investors looking to build a dream home in a thriving area! Don't miss out on this gem.

14. 2025-06-11
    price $115,000 359-char remark

    Show marketing remark (359 chars)

    Prime investment opportunity! This 0.2242-Acre Flat Level Lot in East Point offers an ideal Location close to Dining, Shopping, Sykes Park, and just 4 Miles from Hartsfield-Jackson Airport. Enjoy quick access to interstates for easy commuting. Perfect for savvy buyers or investors looking to build a dream home in a thriving area! Don't miss out on this gem.

15. 2025-04-15
    historical
16. 2025-04-10
    listed $125,000 New 359-char remark

    Show marketing remark (359 chars)

    Prime investment opportunity! This 0.2242-Acre Flat Level Lot in East Point offers an ideal Location close to Dining, Shopping, Sykes Park, and just 4 Miles from Hartsfield-Jackson Airport. Enjoy quick access to interstates for easy commuting. Perfect for savvy buyers or investors looking to build a dream home in a thriving area! Don't miss out on this gem.

17. 2025-04-10
    listed $125,000 Active 359-char remark

    Show marketing remark (359 chars)

    Prime investment opportunity! This 0.2242-Acre Flat Level Lot in East Point offers an ideal Location close to Dining, Shopping, Sykes Park, and just 4 Miles from Hartsfield-Jackson Airport. Enjoy quick access to interstates for easy commuting. Perfect for savvy buyers or investors looking to build a dream home in a thriving area! Don't miss out on this gem.

18. 2025-04-09
    status Back On Market
19. 2024-12-20
    status Under Contract
20. 2024-12-20
    status Pending
21. 2024-12-13
    historical
22. 2024-12-03
    price $125,000
23. 2024-12-03
    price $125,000
24. 2024-11-14
    listed $150,000 New
25. 2024-11-14
    listed $150,000 Active
26. 1997-09-08
    soldstatus $65,000
27. 1997-07-16
    soldstatus $65,000
28. 1989-06-21
    soldstatus $42,000
29. 1987-06-05
    soldstatus $33,500

ⓘ 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: $1,678 · $140/mo
• Projected year-2 tax: $1,678 · $140/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 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,234
• − Mortgage interest: −$6,442
• − Property taxes: −$1,678
• − Insurance: −$575
• − Repairs & maintenance: −$1,379
• − Management: −$1,379
• − Depreciation: −$3,345
• Taxable income: $2,436
• Est. tax owed @ 24.0%: −$585
• After-tax cash flow: $3,540/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: Fulton County
• NCES district ID: 1302280
• Math proficiency: 49% ▼ -2.00%
• Reading proficiency: 53% ▬ 0.00%
• Median HH income: $68,035
• Composite: 45.33/100
• National rank: #2640
• State rank: #12 of 174 in GA

Livability — East Point

• Score: 72/100
• State rank: #72
• US rank: #6314

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: East Point, GA
• County: Fulton County · 1,094,430 people
• City population: 35,456
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 35,456
• Household income: $68,380
• Rent vs Own: 56.9% rent · 43.1% own
• Severe rent burden: 2226.0

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 Black (74%)
• Race & ethnicity: Black 74% White 11% Hispanic / Latino 11% Two or more races 6%
• Hispanic origin (detail): Mexican 7% Puerto Rican 1%
• Common ancestry: Italian 1% Swiss 1% Russian 1%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 87% English-only · Spanish 9% Other Indo-European 1% German/W. Germanic 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: ▼ -113.15%
• Current HPI: 251.7916
• Rent YoY: ▲ 1.35%
• 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

+243.3% since first listed

17 events — show timeline

• 2025-06-11 Price Changed $115,000 GAMLS
• 2025-06-11 Price Changed $115,000 FMLS
• 2025-04-15 Listing Removed — GAMLS
• 2025-04-10 Listed $125,000 FMLS
• 2025-04-10 Listed $125,000 GAMLS
• 2025-04-09 Relisted — GAMLS
• 2024-12-20 Pending — GAMLS
• 2024-12-20 Pending — FMLS
• 2024-12-13 Listing Removed — FMLS
• 2024-12-03 Price Changed $125,000 GAMLS
• 2024-12-03 Price Changed $125,000 FMLS
• 2024-11-14 Listed $150,000 FMLS
• 2024-11-14 Listed $150,000 GAMLS
• 1997-09-08 Sold (Public Records) $65,000 Public Records
• 1997-07-16 Sold (Public Records) $65,000 Public Records
• 1989-06-21 Sold (Public Records) $42,000 Public Records
• 1987-06-05 Sold (Public Records) $33,500 Public Records

Property tax history

+4.7%/yr

Latest (2025): $1,678 · -12.0% YoY. Source: county tax records.