2173 Castlewood St · East Point, GA
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $963 – $1,789
Heat risk 5/10 · Moderate
- Hot days now (above 104°F)
- 7 days/yr
- Hot days in 30 yrs
- 18 days/yr
Wind risk 6/10 · Moderate
- Chance of severe wind over 30 yrs
- 27.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the C- 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 +17.5/30.0
- ARV discount +9.0/15.0
- DSCR +5.5/10.0
- Appreciation +5.0/10.0
- 1% rule +4.5/10.0
- Schools +4.5/10.0
- Livability +3.6/5.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
$165,000
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome to 2173 Castlewood Street in East Point, Georgia, an excellent investment opportunity with the kind of upside today's buyers are looking for. This classic 3-bedroom, 1-bath ranch offers approximately 1,094 square feet of one-level living on a generous lot, making it a smart option for an investor, first-time buyer, long-term rental owner, or short-term rental operator looking for a property with value-add potential. With light to minor cosmetic upgrades, this home has the ability to become a true standout - the kind of property that can shine with fresh paint, updated finishes, improved curb appeal, modern fixtures, and thoughtful staging. The location is the real story. East Point continues to attract attention because of its access, affordability, and proximity to major Atlanta economic drivers. The property is conveniently positioned near Hartsfield-Jackson Atlanta International Airport, one of the strongest travel and employment anchors in the region, and only a short drive from Mercedes-Benz Stadium, home of the Atlanta Falcons and Atlanta United FC. Mercedes-Benz Stadium is also a major entertainment venue in downtown Atlanta, drawing visitors for sports, concerts, and large-scale events throughout the year. This location also places the property near major employment and activity centers including Delta Air Lines, Hartsfield-Jackson Atlanta International Airport, Porsche Cars North America, Tyler Perry Studios, Downtown Atlanta, Camp Creek Marketplace, and the broader South Fulton/Airport business corridor. East Point is also part of Georgia's growing film-production corridor, with the state noting East Point's location near Tyler Perry Studios, EUE/Screen Gems, and Hartsfield-Jackson Airport as part of its appeal to production professionals. For investors, this property offers multiple possible plays. It could be refreshed and held as a traditional rental, improved for resale, or positioned as a furnished short-term rental targeting travelers, airline employees, event guests, traveling nurses, film-industry workers, and visitors wanting convenient access to the airport, downtown Atlanta, and major venues. Buyers should independently verify all short-term rental rules, licensing requirements, and local regulations with the City of East Point before operating as an Airbnb or similar rental. With its practical ranch layout, strong location, generous lot, and cosmetic upside, 2173 Castlewood Street is not just another East Point property - it is a value-add opportunity in a location that makes sense. Whether you are looking to renovate, rent, furnish, hold, or build long-term equity, this property deserves a serious look. Estimated distance/location language for MLS: The home is approximately 10-15 minutes from Hartsfield-Jackson Atlanta International Airport and approximately 15-25 minutes from Mercedes-Benz Stadium, depending on traffic. Rome2Rio lists the airport-to-Mercedes-Benz Stadium drive at about 10 miles / 17 minutes, which helps show how closely the airport and downtown stadium district are connected.
Key facts
- Generous lot
- Proximity to airport
- Improved curb appeal
Tags
Property features AI
Exterior
- Parking: Three total parking spaces
- Utilities: Public water; Septic tank (shared); 110-volt electric; Cable available; Electricity available; Natural gas available
- Home design: One-level property; Resale home
- Construction: Frame construction; Composition roof; Slab foundation
- Exterior features: Deck
Interior
- Kitchen: Cabinets (other style)
- Bedrooms: Three main-level bedrooms; Primary bedroom on the main level
- Flooring: Wood floors
- Bathrooms: One full bathroom (on main level); Master bath: none specified
- Heating & cooling: Central heating; Central air conditioning
- Interior features: Aluminum frame windows; No shared/common walls; Other interior features
- Laundry & utility: Washer and dryer included; Laundry located in a common area
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $165k.
Deal economics
- At list price, monthly cash flow is $128 ($2k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $158k (4.5% below list).
- Recommended offer: $158k (4.5% below list) — sets the bar for 1% rule.
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+, crime F, amenities 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.
- Zoned schools: Hamilton E. Holmes Elementary (math 12% / reading 17%, grade F, #996 of 1,228 statewide, top 83%, 538 students, 100% FRL); Paul D. West Middle School (math 17% / reading 17%, grade F, #381 of 470 statewide, top 82%, 803 students, 100% FRL); Tri-Cities High School (math 5% / reading 30%, grade F, #264 of 424 statewide, top 63%, 1,483 students, 100% FRL) — zoned schools average 100% FRL vs 41% district-wide (59 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Zoned-school proficiency averages 16% at this address vs 51% district-wide (-35 pts) — the specific schools serving this property underperform the Fulton County average; the district grade overstates school quality for this exact location.
- Market conditions: 1 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 11,565 units permitted in Fulton County in 2024 (8,159 in 5+ unit buildings).
Forward outlook
- In year one you build about $6k of equity ($1k loan paydown + $5k appreciation (3.0% local appreciation)).
- Fulton County population projected at +38% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- At projected returns (3.0% appreciation + 3.0% rent growth), your $46k cash investment doubles in ~6 years — after that, you're playing with house money.
- By year 6, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 22 days — a 2% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 12y ago; this cycle's ask has dropped $24k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major wind risk, 27% 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
- Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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
- 0.95% ✗
- Cap rate
- 7.22%
- Cash-on-cash
- 3.33%
- DSCR
- 1.15
- GRM
- 8.7
CMA / ARV
- ARV (on-the-fly)
- $170,664
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2126 Ivydale St | 0.15mi | 3/1.0 | 1,100 (+0%) | 0mo | $163,000 | $148 | 92 |
| 2028 Wells Dr SW | 0.36mi | 3/1.0 | 1,100 (+0%) | 10mo | $155,000 | $141 | 73 |
| 2818 Connally Dr SW | 0.60mi | 3/1.5 | 1,092 (-0%) | 4mo | $110,000 | $101 | 66 |
| 2665 Ivydale Ct SW | 0.43mi | 3/2.0 | 1,184 (+8%) | 1mo | $250,000 | $211 | 62 |
| 2715 Connally Dr SW | 0.45mi | 3/1.5 | 1,140 (+4%) | 11mo | $170,000 | $149 | 61 |
| 2670 Ivydale Ct SW | 0.41mi | 3/2.0 | 1,184 (+8%) | 4mo | $250,000 | $211 | 60 |
| 2309 Bryant Dr | 0.29mi | 3/1.5 | 1,238 (+13%) | 5mo | $155,000 | $125 | 58 |
| 2537 Bonnybrook Dr SW | 0.62mi | 3/1.5 | 1,050 (-4%) | 10mo | $173,000 | $165 | 54 |
| 2461 Old Colony Rd | 0.72mi | 3/2.5 | 1,139 (+4%) | 7mo | $250,000 | $219 | 47 |
| 1937 Windsor Dr SW | 0.56mi | 3/1.5 | 1,212 (+11%) | 9mo | $188,500 | $156 | 46 |
| 2513 Graywall St | 0.71mi | 3/2.0 | 1,242 (+14%) | 3mo | $175,000 | $141 | 38 |
| 2178 Maxwell Dr SW | 0.71mi | 3/2.0 | 1,246 (+14%) | 8mo | $258,000 | $207 | 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 · 3.0% rent growth · sell at horizon
- IRR
- 10.6%
- Equity multiple
- 1.61×
- Total profit
- $28,041
- Equity at exit
- $74,191
- IRR
- 12.9%
- Equity multiple
- 2.91×
- Total profit
- $88,432
- Equity at exit
- $114,337
Cash invested: $46,200 (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
ZIP-level market 30334
- Active inventory
- 1
- Price-to-rent
- 8.7×
Monthly cashflow live
- Estimated rent
- $1,576 high interval (Pro) →
- Mortgage (P&I)
- −$865
- Tax from tax record
- −$183 /mo · $2,192/yr
- Insurance
- −$69
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$331
- Net cashflow
- $128
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
- $41,250
- Closing costs
- $4,950
- 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 |
|---|---|---|---|---|---|---|---|---|
| 2467 Calvin Ave Atlanta, GA | 3.0 | 2.0 | 1200 | $1,950 | $1.62 | 24d | 1 | 0.06mi |
| 2641 Connally Dr East Point, GA | 2.0 | 1.0 | 1000 | $1,500 | $1.50 | 43d | 1 | 0.31mi |
| 1994 Bent Creek Way SW Atlanta, GA | 1.0–3.0 | 1.0–2.0 | 1041 | $1,455 | $1.40 | 7d | 1 | 0.34mi |
| 2039 Bent Creek Way SW Atlanta, GA | 1.0–2.0 | 1.0 | 898 | $1,200 | $1.34 | 7d | 1 | 0.42mi |
| 2675 Headland Dr Atlanta, GA | 3.0 | 2.0 | 1408 | $1,600 | $1.14 | 17d | 1 | 0.48mi |
| 2400 Campbellton Rd SW Atlanta, GA | 2.0 | 2.0 | 1125 | $1,250 | $1.11 | 24d | 1 | 0.50mi |
| 2400 Campbellton Rd SW Atlanta, GA | 1.0–3.0 | 1.0–2.5 | 1350 | $1,450 | $1.07 | 7d | 2 | 0.50mi |
| 2400 Campbellton Rd SW Atlanta, GA | 2.0–3.0 | 1.5–2.5 | 1237 | $1,450 | $1.17 | 16d | 3 | 0.50mi |
| 2640 Campbellton Rd SW Atlanta, GA | 1.0–2.0 | 1.0 | 775 | $899 | $1.16 | 7d | 1 | 0.51mi |
| 2284 Headland Dr Atlanta, GA | 3.0 | 3.5 | 1117 | $1,502 | $1.34 | 12d | 1 | 0.57mi |
| 2328 Campbellton Rd SW Atlanta, GA | 1.0–3.0 | 1.0–2.0 | 1014 | $1,400 | $1.38 | 24d | 9 | 0.59mi |
| 2514 Riggs Dr Atlanta, GA | 4.0 | 2.0 | 1274 | $2,000 | $1.57 | 43d | 1 | 0.68mi |
| 2186 Delowe Dr Unit 2186J East Point, GA | 2.0 | 1.0 | 860 | $1,050 | $1.22 | 22d | 1 | 0.73mi |
| 2206 Delowe Dr Unit 2206D East Point, GA | 2.0 | 1.0 | 860 | $1,300 | $1.51 | 24d | 1 | 0.73mi |
| 2140 Delowe Dr Unit 2140A East Point, GA | 2.0 | 1.0 | 860 | $1,300 | $1.51 | 24d | 1 | 0.75mi |
| 2124 Delowe Dr Unit 2124J East Point, GA | 3.0 | 1.0 | 920 | $1,500 | $1.63 | 24d | 1 | 0.75mi |
| 1788 Dodson Dr SW Atlanta, GA | 3.0 | 2.0 | 1212 | $1,950 | $1.61 | 14d | 1 | 0.81mi |
| 2610 Harmony Way Atlanta, GA | 3.0 | 1.0 | 1100 | $1,095 | $1.00 | 24d | 1 | 0.81mi |
| 2560 Wood Valley Dr Atlanta, GA | 4.0 | 2.5 | 1141 | $1,900 | $1.67 | 17d | 1 | 0.83mi |
| 2560 Wood Valley Dr Atlanta, GA | 4.0 | 2.5 | 1141 | $1,900 | $1.67 | 24d | 1 | 0.83mi |
| 2909 Campbellton Rd SW Atlanta, GA | 1.0–3.0 | 1.0–2.0 | 917 | $1,299 | $1.42 | 24d | 1 | 0.86mi |
| 2065 Alison Ct SW Unit 7 Atlanta, GA | 2.0 | 1.5 | 760 | $995 | $1.31 | 3d | 1 | 0.87mi |
| 2060 Alison Ct SW Atlanta, GA | 2.0 | 1.0 | 850 | $995 | $1.17 | 22d | 1 | 0.88mi |
| 2055 Alison Ct SW Unit 3 Atlanta, GA | 2.0 | 1.5 | 760 | $995 | $1.31 | 3d | 1 | 0.89mi |
| 1735 Willis Mill Rd SW Atlanta, GA | 3.0 | 2.0 | 1461 | $2,173 | $1.49 | 17d | 1 | 0.90mi |
| 2656 Westchester Dr Atlanta, GA | 3.0 | 1.0 | 1025 | $1,600 | $1.56 | 19d | 1 | 0.90mi |
| 2045 Alison Ct SW Unit 4 Atlanta, GA | 2.0 | 1.5 | 760 | $995 | $1.31 | 3d | 1 | 0.92mi |
| 2900 Landrum Dr SW Atlanta, GA | 2.0–3.0 | 2.0 | 1045 | $1,472 | $1.41 | 17d | 6 | 0.92mi |
| 1867 Myrtle Dr SW #24 Atlanta, GA | 3.0 | 2.5 | 1400 | $1,400 | $1.00 | 18d | 1 | 1.01mi |
| 1867 Myrtle Dr SW Atlanta, GA | 3.0 | 2.5 | 1400 | $1,400 | $1.00 | 24d | 1 | 1.04mi |
| 2523 Ben Hill Rd Atlanta, GA | 3.0 | 1.5 | 1412 | $3,000 | $2.12 | 22d | 1 | 1.04mi |
| 1870 Myrtle Dr SW Atlanta, GA | 1.0–3.0 | 1.0–2.0 | 900 | $1,375 | $1.53 | 22d | 26 | 1.06mi |
| 2764 Riggs Dr Atlanta, GA | 3.0 | 2.0 | 1147 | $2,050 | $1.79 | 43d | 1 | 1.11mi |
| 1902 Connally Dr Atlanta, GA | 2.0 | 1.5 | 993 | $2,450 | $2.47 | 43d | 1 | 1.14mi |
| 1988 Plaza Ln SW Atlanta, GA | 1.0–3.0 | 1.0–2.0 | 990 | $1,299 | $1.31 | 10d | 13 | 1.16mi |
| 1988 Plaza Ln SW Atlanta, GA | 1.0–3.0 | 1.0–2.0 | 990 | $1,299 | $1.31 | 2d | 13 | 1.16mi |
| 1736 Devon Dr SW Atlanta, GA | 3.0 | 2.5 | 1354 | $2,000 | $1.48 | 24d | 1 | 1.16mi |
| 2756 Plantation Dr Atlanta, GA | 3.0 | 2.0 | 1119 | $1,950 | $1.74 | 20d | 1 | 1.16mi |
| 1903 Chattahoochee Pl Atlanta, GA | 3.0 | 2.0 | 1333 | $1,850 | $1.39 | 12d | 1 | 1.16mi |
| 1717 Centra Villa Dr SW Atlanta, GA | 1.0–3.0 | 1.0–2.0 | 1033 | $1,550 | $1.50 | 24d | 1 | 1.19mi |
Listing history 35 events
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2026-06-18days on market $165,000 Active 22 DOM
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2026-06-17days on market $165,000 Active 21 DOM
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2026-06-16days on market $165,000 Active 20 DOM
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2026-06-15days on market $165,000 Active 19 DOM
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2026-06-13days on market $165,000 Active 17 DOM
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2026-06-10price $165,000 Active 13 DOM
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2026-06-09remarks 699-char remark
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2026-06-09days on market $189,000 Active 13 DOM
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2026-06-08days on market $189,000 Active 12 DOM
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2026-06-07days on market $189,000 Active 11 DOM
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2026-06-04days on market $189,000 Active 8 DOM
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2026-06-03days on market $189,000 Active 7 DOM
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2026-06-01days on market $189,000 Active 5 DOM
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2026-05-31days on market $189,000 Active 4 DOM
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2026-05-27$189,000 Active
Show marketing remark (3095 chars)
Welcome to 2173 Castlewood Street in East Point, Georgia, an excellent investment opportunity with the kind of upside today's buyers are looking for. This classic 3-bedroom, 1-bath ranch offers approximately 1,094 square feet of one-level living on a generous lot, making it a smart option for an investor, first-time buyer, long-term rental owner, or short-term rental operator looking for a property with value-add potential. With light to minor cosmetic upgrades, this home has the ability to become a true standout - the kind of property that can shine with fresh paint, updated finishes, improved curb appeal, modern fixtures, and thoughtful staging. The location is the real story. East Point continues to attract attention because of its access, affordability, and proximity to major Atlanta economic drivers. The property is conveniently positioned near Hartsfield-Jackson Atlanta International Airport, one of the strongest travel and employment anchors in the region, and only a short drive from Mercedes-Benz Stadium, home of the Atlanta Falcons and Atlanta United FC. Mercedes-Benz Stadium is also a major entertainment venue in downtown Atlanta, drawing visitors for sports, concerts, and large-scale events throughout the year. This location also places the property near major employment and activity centers including Delta Air Lines, Hartsfield-Jackson Atlanta International Airport, Porsche Cars North America, Tyler Perry Studios, Downtown Atlanta, Camp Creek Marketplace, and the broader South Fulton/Airport business corridor. East Point is also part of Georgia's growing film-production corridor, with the state noting East Point's location near Tyler Perry Studios, EUE/Screen Gems, and Hartsfield-Jackson Airport as part of its appeal to production professionals. For investors, this property offers multiple possible plays. It could be refreshed and held as a traditional rental, improved for resale, or positioned as a furnished short-term rental targeting travelers, airline employees, event guests, traveling nurses, film-industry workers, and visitors wanting convenient access to the airport, downtown Atlanta, and major venues. Buyers should independently verify all short-term rental rules, licensing requirements, and local regulations with the City of East Point before operating as an Airbnb or similar rental. With its practical ranch layout, strong location, generous lot, and cosmetic upside, 2173 Castlewood Street is not just another East Point property - it is a value-add opportunity in a location that makes sense. Whether you are looking to renovate, rent, furnish, hold, or build long-term equity, this property deserves a serious look. Estimated distance/location language for MLS: The home is approximately 10-15 minutes from Hartsfield-Jackson Atlanta International Airport and approximately 15-25 minutes from Mercedes-Benz Stadium, depending on traffic. Rome2Rio lists the airport-to-Mercedes-Benz Stadium drive at about 10 miles / 17 minutes, which helps show how closely the airport and downtown stadium district are connected.
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2026-05-27$189,000 New 3095-char remark
Show marketing remark (3095 chars)
Welcome to 2173 Castlewood Street in East Point, Georgia, an excellent investment opportunity with the kind of upside today's buyers are looking for. This classic 3-bedroom, 1-bath ranch offers approximately 1,094 square feet of one-level living on a generous lot, making it a smart option for an investor, first-time buyer, long-term rental owner, or short-term rental operator looking for a property with value-add potential. With light to minor cosmetic upgrades, this home has the ability to become a true standout - the kind of property that can shine with fresh paint, updated finishes, improved curb appeal, modern fixtures, and thoughtful staging. The location is the real story. East Point continues to attract attention because of its access, affordability, and proximity to major Atlanta economic drivers. The property is conveniently positioned near Hartsfield-Jackson Atlanta International Airport, one of the strongest travel and employment anchors in the region, and only a short drive from Mercedes-Benz Stadium, home of the Atlanta Falcons and Atlanta United FC. Mercedes-Benz Stadium is also a major entertainment venue in downtown Atlanta, drawing visitors for sports, concerts, and large-scale events throughout the year. This location also places the property near major employment and activity centers including Delta Air Lines, Hartsfield-Jackson Atlanta International Airport, Porsche Cars North America, Tyler Perry Studios, Downtown Atlanta, Camp Creek Marketplace, and the broader South Fulton/Airport business corridor. East Point is also part of Georgia's growing film-production corridor, with the state noting East Point's location near Tyler Perry Studios, EUE/Screen Gems, and Hartsfield-Jackson Airport as part of its appeal to production professionals. For investors, this property offers multiple possible plays. It could be refreshed and held as a traditional rental, improved for resale, or positioned as a furnished short-term rental targeting travelers, airline employees, event guests, traveling nurses, film-industry workers, and visitors wanting convenient access to the airport, downtown Atlanta, and major venues. Buyers should independently verify all short-term rental rules, licensing requirements, and local regulations with the City of East Point before operating as an Airbnb or similar rental. With its practical ranch layout, strong location, generous lot, and cosmetic upside, 2173 Castlewood Street is not just another East Point property - it is a value-add opportunity in a location that makes sense. Whether you are looking to renovate, rent, furnish, hold, or build long-term equity, this property deserves a serious look. Estimated distance/location language for MLS: The home is approximately 10-15 minutes from Hartsfield-Jackson Atlanta International Airport and approximately 15-25 minutes from Mercedes-Benz Stadium, depending on traffic. Rome2Rio lists the airport-to-Mercedes-Benz Stadium drive at about 10 miles / 17 minutes, which helps show how closely the airport and downtown stadium district are connected.
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2015-03-25historical
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2015-03-25historical
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2015-03-20price $34,900
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2015-03-19price $34,900
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2015-01-02$39,900 Active
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2014-12-31price $39,900
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2014-12-31price $39,900
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2014-12-30historical
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2014-11-04price $44,900
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2014-11-04price $44,900
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2014-09-24$59,900 New
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2014-09-24$59,900 Active
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2006-07-10soldstatus $155,000
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2006-07-10soldstatus $155,000
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2006-05-03soldstatus $85,000
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2006-05-03soldstatus $77,000
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2004-03-31soldstatus $77,500
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2004-03-31soldstatus $77,500
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2002-06-27soldstatus $64,000
ⓘ 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
- $2,192 · $183/mo
- Projected year-2 tax
- $2,192 · $183/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 5/10 Major 7 d/yr ≥104°F today · 18 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $18,907
- − Mortgage interest
- −$9,243
- − Property taxes
- −$2,192
- − Insurance
- −$825
- − Repairs & maintenance
- −$1,513
- − Management
- −$1,513
- − Depreciation
- −$4,800
- Taxable loss
- −$1,177
- Est. tax savings @ 24.0%
- +$283
- After-tax cash flow
- $1,819/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
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- East Point, GA
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%
Not yet ingested
- Political lean
- —
- Race & ethnicity
- —
- Common origin
- —
- Civics
- —
Market trends
- HPI YoY
- —
- Current HPI
- —
- Rent YoY
- —
- Metro
- —
- 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
+195.3% since first listed21 events — show timeline
- 2026-05-27 Listed $189,000 GAMLS
- 2026-05-27 Listed $189,000 FMLS
- 2015-03-25 Listing Removed — GAMLS
- 2015-03-25 Listing Removed — FMLS
- 2015-03-20 Price Changed $34,900 GAMLS
- 2015-03-19 Price Changed $34,900 FMLS
- 2015-01-02 Listed $39,900 FMLS
- 2014-12-31 Price Changed $39,900 GAMLS
- 2014-12-31 Price Changed $39,900 FMLS
- 2014-12-30 Listing Removed — FMLS
- 2014-11-04 Price Changed $44,900 GAMLS
- 2014-11-04 Price Changed $44,900 FMLS
- 2014-09-24 Listed $59,900 GAMLS
- 2014-09-24 Listed $59,900 FMLS
- 2006-07-10 Sold (Public Records) $155,000 Public Records
- 2006-07-10 Sold (Public Records) $155,000 Public Records
- 2006-05-03 Sold (Public Records) $77,000 Public Records
- 2006-05-03 Sold (Public Records) $85,000 Public Records
- 2004-03-31 Sold (Public Records) $77,500 Public Records
- 2004-03-31 Sold (Public Records) $77,500 Public Records
- 2002-06-27 Sold (Public Records) $64,000 Public Records
Property tax history
+4.9%/yrLatest (2025): $2,192 · -19.4% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…