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638 Waynes Ct SE
C+ Composite 62.35
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 +25.0/30.0
  • ARV discount +10.4/15.0
  • DSCR +8.2/10.0
  • 1% rule +5.5/10.0
  • Livability +4.2/5.0
  • Rent growth +3.9/5.0
  • Schools +2.7/10.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$219,000

638 Waynes Ct SE · Atlanta, GA 30354
3 bd · 2.5 ba · 1,581 sqft · SingleFamily public records · 44 Days on market
Built 1993 5,819 sqft lot $139/sqft · 7% below area Est $234k · 7% under

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

Listing remarks MLS

Welcome to this charming and spacious 3-bedroom, 2-bath home tucked away on a quiet cul-de-sac in Southeast Atlanta! Featuring over 1,500 square feet of living space, this well-maintained home offers a bright open layout with a large family room, eat-in kitchen, separate dining area, and a desirable primary suite on the main level. The oversized secondary bedrooms provide plenty of flexibility for guests, a home office, or growing households. Enjoy outdoor living in the private fenced backyard with room to relax, entertain, or garden. Conveniently located near schools, shopping, MARTA, Downtown Atlanta, Hartsfield-Jackson Airport, and major interstates, this property is perfect for first-time buyers or savvy investors looking for strong rental potential. Don't miss this incredible opportunity!

Key facts

  • Bright open layout
  • Large family room
  • Eat-in kitchen

Tags

PRIVATE FENCED BACKYARDBRIGHT OPEN LAYOUTLARGE FAMILY ROOMEAT-IN KITCHENSEPARATE DINING AREAPRIMARY SUITE ON MAIN LEVEL

Property features AI

Exterior

  • Parking: Garage (2-car)
  • Utilities: Public water; Public sewer; 110-volt electrical service; Cable available; Electricity available; Sewer available; Underground utilities; Water available
  • Home design: Two levels; Brick front with vinyl siding; Composition roof; Resale property; Slab foundation
  • Construction: Brick front and vinyl siding construction; Composition roof; Slab foundation
  • Exterior features: Private yard; Deck

Interior

  • Kitchen: Eat-in kitchen with a view to the family room; Dishwasher; Refrigerator
  • Bedrooms: Three upper-level bedrooms; Oversized primary/ master bedroom
  • Flooring: Laminate flooring
  • Bathrooms: Two full bathrooms; One main-level bathroom; Primary bath with tub/shower combo
  • Heating & cooling: Central heating; Central air
  • Interior features: Walk-in closet(s); Insulated windows; One fireplace in the family room
  • Laundry & utility: Dedicated laundry room

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 3-bed/2.5-bath single-family listed at $219k.

Deal economics

  • At list price, monthly cash flow is $477 ($6k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $219k).
  • Recommended offer: $212k (3.0% below list) — sets the bar for market timing.
  • Cap rate 8.9% 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: Joseph Humphries Elementary School (math 5% / reading 15%, grade F, #1,076 of 1,228 statewide, top 89%, 262 students, 100% FRL); Crawford Long Middle School (math 2% / reading 8%, grade F, #462 of 470 statewide, top 99%, 705 students, 100% FRL); South Atlanta High School (math 2% / reading 12%, grade F, #385 of 424 statewide, top 92%, 928 students, 100% FRL) — zoned schools average 100% FRL vs 71% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Zoned-school proficiency averages 7% at this address vs 32% district-wide (-24 pts) — the specific schools serving this property underperform the Atlanta Public Schools average; the district grade overstates school quality for this exact location.
  • Market conditions: Rents rising fast (+5.5%/yr); 179 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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.
  • At projected returns (-3.0% appreciation + 5.5% rent growth), your $61k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 44 days — a 3% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
  • 8 sale attempts since 15y 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 $56k; list at $219k implies a 291% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • 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.
Recommended offer $212,430 (3.0% below list)

Questions for the listing agent

  1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
  2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  3. 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.
  4. 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.
  5. 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
1.05%
Cap rate
8.91%
Cash-on-cash
9.33%
DSCR
1.42
GRM
7.9

CMA / ARV

ARV (median comp)
$234,228
List price
$219,000
Delta
-6.50%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
620 Waynes Ct SE 0.13mi 3/2.5 1,623 (+3%) 9mo $230,000 $142 82
638 Sandys Ln SE 0.10mi 4/2.0 (+1) 1,555 (-2%) 6mo $230,000 $148 80
831 River Gardens Dr SE 0.04mi 3/2.5 1,680 (+6%) 16mo $365,000 $217 74
763 Tara Cir SE 0.33mi 3/2.5 1,620 (+2%) 12mo $186,000 $115 70
594 Waynes Ct SE 0.20mi 4/2.5 (+1) 1,500 (-5%) 9mo $226,500 $151 70
712 River Gardens Dr 0.18mi 3/2.5 1,680 (+6%) 17mo $419,990 $250 67
591 River Gardens Dr SE 0.34mi 3/2.5 1,680 (+6%) 11mo $363,110 $216 65
816 River Gardens Dr SE 0.34mi 3/2.5 1,665 (+5%) 16mo $359,990 $216 62
820 River Gardens Dr SE 0.34mi 3/2.5 1,680 (+6%) 15mo $349,990 $208 62
585 River Gardens Dr SE 0.34mi 3/2.5 1,680 (+6%) 16mo $349,990 $208 61
837 Forrest Cir SE 0.48mi 3/2.0 1,500 (-5%) 13mo $220,000 $147 56
1004 Forrest Dr SE 0.58mi 4/2.0 (+1) 1,639 (+4%) 17mo $250,000 $153 45

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 · 5.45% rent growth · sell at horizon

5-year hold
IRR
0.3%
Equity multiple
1.01×
Total profit
$643
Equity at exit
$32,654
10-year hold
IRR
12.1%
Equity multiple
2.05×
Total profit
$64,539
Equity at exit
$18,935

Cash invested: $61,320 (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 30354

Home prices YoY
-17.5%
Rents YoY
5.5%
Active inventory
179
Price-to-rent
7.9×

Monthly cashflow live

Estimated rent
$2,308 high interval (Pro) →
Mortgage (P&I)
$1,148
Tax from tax record
$107 /mo · $1,281/yr
Insurance
$91
HOA
$0
Vacancy / Maint / Mgmt
$485
Net cashflow
$477

Break-even live

Break-even rent $1,704
Max offer price $219,000
Occupancy floor 74%

Sensitivity live

Price -10% $601 -5% $539 +0% $477 +5% $415 +10% $353
Rent -10% $294 -5% $386 +0% $477 +5% $568 +10% $659
Rate -1.0pp $587 -0.5pp $533 base $477 +0.5pp $420 +1.0pp $362

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
$54,750
Closing costs
$6,570
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 27 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
831 River Gardens Dr Atlanta, GA 3.0 2.5 1680 $2,800 $1.67 25d 1 0.05mi
633 Sandys Ln SE Atlanta, GA 3.0 2.0 1314 $1,950 $1.48 6d 1 0.12mi
725 River Gardens Dr Atlanta, GA 4.0 2.5 2235 $3,100 $1.39 25d 1 0.20mi
500 Hutchens Rd SE Atlanta, GA 4.0 2.0 1248 $2,400 $1.92 17d 1 0.25mi
837 Forrest Cir SE Atlanta, GA 3.0 2.0 1500 $1,845 $1.23 25d 1 0.48mi
3080 Forrest Park Rd SE Atlanta, GA 3.0 2.0 1828 $1,950 $1.07 25d 1 0.63mi
454 Oak Dr SE Atlanta, GA 4.0 3.0 1501 $2,300 $1.53 23d 1 0.74mi
445 Cleveland Ave SE Atlanta, GA 2.0–3.0 1.0–2.0 1014 $1,591 $1.57 2d 13 0.75mi
382 Cologne Dr SE Atlanta, GA 3.0 1.0 1100 $1,400 $1.27 0d 1 0.89mi
537 Jefferson Chase St SE Atlanta, GA 3.0 2.5 1891 $2,450 $1.30 25d 1 0.93mi
585 McWilliams Rd SE #1406 Atlanta, GA 3.0 2.5 1742 $2,400 $1.38 25d 1 0.97mi
2694 Fairlane Dr SE Atlanta, GA 4.0 2.0 1372 $2,800 $2.04 25d 1 0.99mi
402 Mulberry Row SE Atlanta, GA 3.0 2.5 2032 $2,500 $1.23 19d 1 1.02mi
473 Mulberry Row SE Atlanta, GA 3.0 2.5 2096 $2,400 $1.15 20d 1 1.03mi
167 Alyson Ct SE Atlanta, GA 4.0 2.0 1344 $1,825 $1.36 25d 1 1.07mi
3450 Forrest Park Rd SE Atlanta, GA 1.0–3.0 1.0–2.0 1002 $1,537 $1.53 25d 11 1.08mi
585 McWilliams Rd SE #2402 Atlanta, GA 2.0 2.5 1548 $2,200 $1.42 4d 1 1.11mi
585 McWilliams Rd SE #104 Atlanta, GA 2.0 3.0 1500 $2,078 $1.39 21d 1 1.14mi
210 Oak Dr SE Atlanta, GA 3.0 2.0 1330 $1,400 $1.05 25d 1 1.15mi
1037 Rebel Forest Dr SE Atlanta, GA 3.0 2.0 1075 $1,750 $1.63 25d 1 1.17mi
131 Oak Dr SE Atlanta, GA 3.0 2.0 1848 $1,750 $0.95 25d 1 1.26mi
1317 Redford Dr SE Atlanta, GA 3.0 2.0 1137 $2,100 $1.85 25d 1 1.29mi
153 Werner Brook Way SW Atlanta, GA 4.0 3.5 1940 $2,750 $1.42 5d 1 1.29mi
152 Ruzelle Dr SE Atlanta, GA 4.0 1.5 1511 $1,595 $1.06 15d 1 1.31mi
78 Werner Brook Way SW Atlanta, GA 3.0 2.5 1941 $2,300 $1.18 25d 1 1.33mi
3203 Bateman DR SE Hapeville, GA 4.0 3.5 1941 $2,700 $1.39 4d 1 1.38mi
88 Werner Brook Way SW Unit 29 Atlanta, GA 4.0 3.5 1941 $3,100 $1.60 8d 1 1.43mi

Listing history 38 events

  1. 2026-06-21
    days on market $219,000 Active 44 DOM
  2. 2026-06-18
    days on market $219,000 Active 41 DOM
  3. 2026-06-17
    days on market $219,000 Active 40 DOM
  4. 2026-06-16
    days on market $219,000 Active 39 DOM
  5. 2026-06-15
    days on market $219,000 Active 38 DOM
  6. 2026-06-13
    days on market $219,000 Active 36 DOM
  7. 2026-06-13
    days on market $219,000 Active 35 DOM
  8. 2026-06-09
    days on market $219,000 Active 32 DOM
  9. 2026-06-08
    pricedays on market $219,000 Active 31 DOM
    Show marketing remark (804 chars)

    Welcome to this charming and spacious 3-bedroom, 2-bath home tucked away on a quiet cul-de-sac in Southeast Atlanta! Featuring over 1,500 square feet of living space, this well-maintained home offers a bright open layout with a large family room, eat-in kitchen, separate dining area, and a desirable primary suite on the main level. The oversized secondary bedrooms provide plenty of flexibility for guests, a home office, or growing households. Enjoy outdoor living in the private fenced backyard with room to relax, entertain, or garden. Conveniently located near schools, shopping, MARTA, Downtown Atlanta, Hartsfield-Jackson Airport, and major interstates, this property is perfect for first-time buyers or savvy investors looking for strong rental potential. Don't miss this incredible opportunity!

  10. 2026-06-07
    days on market $230,000 Active 30 DOM
  11. 2026-06-04
    days on market $230,000 Active 27 DOM
  12. 2026-06-03
    days on market $230,000 Active 26 DOM
  13. 2026-06-02
    days on market $230,000 Active 25 DOM
  14. 2026-06-01
    days on market $230,000 Active 24 DOM
  15. 2026-05-31
    days on market $230,000 Active 23 DOM
  16. 2026-05-08
    listed $230,000 New 804-char remark
    Show marketing remark (804 chars)

    Welcome to this charming and spacious 3-bedroom, 2-bath home tucked away on a quiet cul-de-sac in Southeast Atlanta! Featuring over 1,500 square feet of living space, this well-maintained home offers a bright open layout with a large family room, eat-in kitchen, separate dining area, and a desirable primary suite on the main level. The oversized secondary bedrooms provide plenty of flexibility for guests, a home office, or growing households. Enjoy outdoor living in the private fenced backyard with room to relax, entertain, or garden. Conveniently located near schools, shopping, MARTA, Downtown Atlanta, Hartsfield-Jackson Airport, and major interstates, this property is perfect for first-time buyers or savvy investors looking for strong rental potential. Don't miss this incredible opportunity!

  17. 2026-05-08
    listed $230,000 Active 810-char remark
    Show marketing remark (804 chars)

    Welcome to this charming and spacious 3-bedroom, 2-bath home tucked away on a quiet cul-de-sac in Southeast Atlanta! Featuring over 1,500 square feet of living space, this well-maintained home offers a bright open layout with a large family room, eat-in kitchen, separate dining area, and a desirable primary suite on the main level. The oversized secondary bedrooms provide plenty of flexibility for guests, a home office, or growing households. Enjoy outdoor living in the private fenced backyard with room to relax, entertain, or garden. Conveniently located near schools, shopping, MARTA, Downtown Atlanta, Hartsfield-Jackson Airport, and major interstates, this property is perfect for first-time buyers or savvy investors looking for strong rental potential. Don't miss this incredible opportunity!

  18. 2015-03-05
    price $56,000
    Show marketing remark (438 chars)

    RENOVATED AWESOME HOME, WELL KEPT, MORE SPACIOUS THAN IT APPEARS. LARGE FAMILY ROOM, EAT IN KITCHEN, DINING AREA, MASTER ON THE MAIN. ALL BEDROOMS ARE LARGE,PRIVATE FENCED BACKYARD. NEW ROOF. HOMES SHOWS LIKE IT LOOKS. GREAT HOME FOR FIRST TIME BUYER OR INVESTOR. NOT A SHORT SALE OR FORECLOSURE. SOLD AS IT. MUST USE SELLERS LENDER TO PREQUAL AND SELLERS CLOSING ATTY. CLOSING ATTY HOLDS EARNEST MONEY. VACANT, SEE PRIVATE REMARKS.

  19. 2015-03-02
    soldstatus $56,000
  20. 2015-02-17
    soldstatus $56,000 Sold
    Show marketing remark (438 chars)

    RENOVATED AWESOME HOME, WELL KEPT, MORE SPACIOUS THAN IT APPEARS. LARGE FAMILY ROOM, EAT IN KITCHEN, DINING AREA, MASTER ON THE MAIN. ALL BEDROOMS ARE LARGE,PRIVATE FENCED BACKYARD. NEW ROOF. HOMES SHOWS LIKE IT LOOKS. GREAT HOME FOR FIRST TIME BUYER OR INVESTOR. NOT A SHORT SALE OR FORECLOSURE. SOLD AS IT. MUST USE SELLERS LENDER TO PREQUAL AND SELLERS CLOSING ATTY. CLOSING ATTY HOLDS EARNEST MONEY. VACANT, SEE PRIVATE REMARKS.

  21. 2015-01-21
    status Under Contract
    Show marketing remark (438 chars)

    RENOVATED AWESOME HOME, WELL KEPT, MORE SPACIOUS THAN IT APPEARS. LARGE FAMILY ROOM, EAT IN KITCHEN, DINING AREA, MASTER ON THE MAIN. ALL BEDROOMS ARE LARGE,PRIVATE FENCED BACKYARD. NEW ROOF. HOMES SHOWS LIKE IT LOOKS. GREAT HOME FOR FIRST TIME BUYER OR INVESTOR. NOT A SHORT SALE OR FORECLOSURE. SOLD AS IT. MUST USE SELLERS LENDER TO PREQUAL AND SELLERS CLOSING ATTY. CLOSING ATTY HOLDS EARNEST MONEY. VACANT, SEE PRIVATE REMARKS.

  22. 2015-01-21
    price $60,000
    Show marketing remark (438 chars)

    RENOVATED AWESOME HOME, WELL KEPT, MORE SPACIOUS THAN IT APPEARS. LARGE FAMILY ROOM, EAT IN KITCHEN, DINING AREA, MASTER ON THE MAIN. ALL BEDROOMS ARE LARGE,PRIVATE FENCED BACKYARD. NEW ROOF. HOMES SHOWS LIKE IT LOOKS. GREAT HOME FOR FIRST TIME BUYER OR INVESTOR. NOT A SHORT SALE OR FORECLOSURE. SOLD AS IT. MUST USE SELLERS LENDER TO PREQUAL AND SELLERS CLOSING ATTY. CLOSING ATTY HOLDS EARNEST MONEY. VACANT, SEE PRIVATE REMARKS.

  23. 2014-10-14
    price $60,000
    Show marketing remark (438 chars)

    RENOVATED AWESOME HOME, WELL KEPT, MORE SPACIOUS THAN IT APPEARS. LARGE FAMILY ROOM, EAT IN KITCHEN, DINING AREA, MASTER ON THE MAIN. ALL BEDROOMS ARE LARGE,PRIVATE FENCED BACKYARD. NEW ROOF. HOMES SHOWS LIKE IT LOOKS. GREAT HOME FOR FIRST TIME BUYER OR INVESTOR. NOT A SHORT SALE OR FORECLOSURE. SOLD AS IT. MUST USE SELLERS LENDER TO PREQUAL AND SELLERS CLOSING ATTY. CLOSING ATTY HOLDS EARNEST MONEY. VACANT, SEE PRIVATE REMARKS.

  24. 2014-07-03
    listed $66,999 New
    Show marketing remark (438 chars)

    RENOVATED AWESOME HOME, WELL KEPT, MORE SPACIOUS THAN IT APPEARS. LARGE FAMILY ROOM, EAT IN KITCHEN, DINING AREA, MASTER ON THE MAIN. ALL BEDROOMS ARE LARGE,PRIVATE FENCED BACKYARD. NEW ROOF. HOMES SHOWS LIKE IT LOOKS. GREAT HOME FOR FIRST TIME BUYER OR INVESTOR. NOT A SHORT SALE OR FORECLOSURE. SOLD AS IT. MUST USE SELLERS LENDER TO PREQUAL AND SELLERS CLOSING ATTY. CLOSING ATTY HOLDS EARNEST MONEY. VACANT, SEE PRIVATE REMARKS.

  25. 2014-05-24
    historical
  26. 2013-10-24
    status Back On Market
  27. 2013-10-22
    status Under Contract
  28. 2013-06-25
    status Back On Market
  29. 2013-06-05
    historical Pending Approval
  30. 2013-06-02
    listed $65,000 New
  31. 2011-12-22
    soldstatus $45,000
  32. 2011-05-13
    historical
  33. 2011-04-29
    soldstatus $17,000 Sold
  34. 2011-04-21
    status Pending
  35. 2011-02-21
    status Active
  36. 2011-02-16
    status Pending
  37. 2011-01-03
    listed $20,900 Active
  38. 1994-02-25
    soldstatus $83,000

ⓘ 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
$1,281 · $107/mo
Projected year-2 tax
$2,015 · $168/mo
Expected delta
+$733/yr (+$61/mo · 57.2%)

ⓘ 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 3/10 Moderate
  • 🌡 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 4/10 Moderate 4 unhealthy d/yr today · 6 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
$27,696
− Mortgage interest
−$12,267
− Property taxes
−$1,281
− Insurance
−$1,095
− Repairs & maintenance
−$2,216
− Management
−$2,216
− Depreciation
−$6,371
Taxable income
$2,250
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$540
After-tax cash flow
$5,182/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
Fulton County · 1,094,430 people
City population
629,525
Metro
Atlanta-Sandy Springs-Alpharetta, GA
Population (ZIP)
16,182
Household income
$63,189
Rent vs Own
49.8% rent · 50.2% own
Severe rent burden
930.0

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 (68%)
Race & ethnicity
Black 68% Hispanic / Latino 16% White 10% Two or more races 9% Native American 2% Asian 1%
Hispanic origin (detail)
Mexican 13%
Common ancestry
Italian 2% Romanian 1% Swedish 1%
Foreign-born
11% · Canada, Vietnam, Guatemala
Languages at home
81% English-only · Spanish 15% German/W. Germanic 1% Vietnamese 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
▼ -67.78%
Current HPI
320.1111
Rent YoY
▲ 5.45%
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

+163.9% since first listed
25 events — show timeline
  • 2026-06-08 Price Changed $219,000 GAMLS
  • 2026-06-08 Price Changed $219,000 FMLS
  • 2026-05-08 Listed $230,000 FMLS
  • 2026-05-08 Listed $230,000 GAMLS
  • 2015-03-05 Price Changed $56,000 GAMLS
  • 2015-03-02 Sold (Public Records) $56,000 Public Records
  • 2015-02-17 Sold (MLS) $56,000 GAMLS
  • 2015-01-21 Pending GAMLS
  • 2015-01-21 Price Changed $60,000 GAMLS
  • 2014-10-14 Price Changed $60,000 GAMLS
  • 2014-07-03 Listed $66,999 GAMLS
  • 2014-05-24 Listing Removed GAMLS
  • 2013-10-24 Relisted GAMLS
  • 2013-10-22 Pending GAMLS
  • 2013-06-25 Relisted GAMLS
  • 2013-06-05 Contingent GAMLS
  • 2013-06-02 Listed $65,000 GAMLS
  • 2011-12-22 Sold (Public Records) $45,000 Public Records
  • 2011-05-13 Listing Removed FMLS
  • 2011-04-29 Sold (MLS) $17,000 FMLS
  • 2011-04-21 Pending FMLS
  • 2011-02-21 Relisted FMLS
  • 2011-02-16 Pending FMLS
  • 2011-01-03 Listed $20,900 FMLS
  • 1994-02-25 Sold (Public Records) $83,000 Public Records

Property tax history

-1.9%/yr

Latest (2025): $1,281 · -66.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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