2311 Jernigan St SE · Atlanta, GA 30315

$140,000

3 bd · 1.0 ba · 990 sqft · SingleFamily public records · 127 Days on market

Built 1960 9,234 sqft lot $141/sqft · 44% below area Est $251k · 44% 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 +26.6/30.0
• ARV discount +15.0/15.0
• DSCR +9.1/10.0
• 1% rule +8.2/10.0
• Livability +4.2/5.0
• Rent growth +3.3/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Amazing opportunity to invest in this highly desirable area for first time homebuyers, legacy owner-occupants, and investors. Check out the comps! Atlanta Housing pays up to $2400 for a 3 BR in this census tract. Property is vacant. Interior pictures available upon request. In current condition, may not qualify for FHA, but feel free to make that assessment yourself. This is a quiet, mature neighborhood, with many legacy owners and renovated homes with new owners. We have other tenant-occupied and vacant properties available.

Key facts

• 9,234 sq ft lot
• Built 1960
• Listed 127 days

🏷️ Possibly a rental listed for sale. The $140,000 price doesn't fit this home's estimated sale value (~$250,903) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $373 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.5% 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: schools C-, 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.
• Market conditions: Rents rising (+3.2%/yr); 378 active listings in the ZIP; 19 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).
• This rent runs 44% of the median local income ($51k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k 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 + 3.2% rent growth), your $39k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 127 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 10y ago; this cycle's ask has dropped $30k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $94k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price.
• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $123,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 127 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 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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.
7. 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.
8. 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: 1.32% ✓
• Cap rate: 9.49%
• Cash-on-cash: 11.41%
• DSCR: 1.51
• GRM: 6.3

CMA / ARV

• ARV (median comp): $250,903
• List price: $140,000
• Delta: -44.20%
• 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
2286 Carey Dr SE	0.19mi	3/1.0	1,048 (+6%)	1mo	$102,500	$98	81
305 Banberry Dr SE	0.46mi	3/1.0	1,000 (+1%)	3mo	$135,000	$135	75
445 Carey Dr SE	0.19mi	3/2.0	1,064 (+8%)	0mo	$234,000	$220	74
287 Banberry Dr	0.48mi	3/2.0	1,025 (+4%)	0mo	$225,000	$220	67
2239 Carey Dr SE	0.20mi	3/1.0	1,110 (+12%)	4mo	$145,000	$131	67
2203 Jernigan Dr SE	0.20mi	3/1.0	1,114 (+12%)	4mo	$177,000	$159	66
847 Midway St SE	0.64mi	3/1.0	1,014 (+2%)	8mo	$110,000	$108	60
233 Banberry Dr SE	0.58mi	3/2.0	1,025 (+4%)	5mo	$185,000	$180	59
172 Meador Way SE	0.74mi	3/2.0	1,000 (+1%)	3mo	$138,900	$139	57
209 Harper Rd SE	0.64mi	3/2.0	1,059 (+7%)	2mo	$253,000	$239	53
2294 Forrest Park Rd SE	0.75mi	3/2.0	1,008 (+2%)	9mo	$175,000	$174	50
2016 Conrad Ave SE	0.74mi	2/1.0 (-1)	878 (-11%)	6mo	$107,500	$122	36

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 · 3.23% rent growth · sell at horizon

5-year hold

• IRR: 1.1%
• Equity multiple: 1.04×
• Total profit: $1,580
• Equity at exit: $20,874

10-year hold

• IRR: 11.0%
• Equity multiple: 1.87×
• Total profit: $34,131
• Equity at exit: $12,105

Cash invested: $39,200 (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 30315

• Rents YoY: 3.2%
• Active inventory: 378
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,854 high
• Mortgage (P&I): −$734
• Tax from tax record: −$299 /mo · $3,590/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $373

Break-even live

Break-even rent $1,382

Max offer price $140,000

Occupancy floor 75%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
386 Lindsey Dr SE Atlanta, GA	3.0	1.0	1040	$1,808	$1.74	14d	1	0.33mi
2087 Lakewood Trl SE Atlanta, GA	3.0	2.5	1056	$2,256	$2.14	24d	1	0.57mi
76 Schell Rd SE Atlanta, GA	3.0	1.0	1080	$1,623	$1.50	24d	1	0.58mi
871 Hargis St SE Atlanta, GA	2.0	2.0	1040	$1,800	$1.73	24d	1	0.73mi
172 Meador Way SE Atlanta, GA	3.0	2.0	1100	$1,950	$1.77	24d	1	0.74mi
340 Adelle St SE Atlanta, GA	3.0	1.0	1122	$1,500	$1.34	3d	1	0.74mi
136 Hillsdale Dr SE Atlanta, GA	3.0	2.0	1075	$1,995	$1.86	24d	1	0.78mi
2332 Baywood Dr SE Atlanta, GA	3.0	2.0	1100	$1,400	$1.27	17d	1	0.80mi
445 Cleveland Ave SE Atlanta, GA	2.0–3.0	1.0–2.0	1014	$1,591	$1.57	1d	13	0.81mi
1037 Rebel Forest Dr SE Atlanta, GA	3.0	2.0	1075	$1,750	$1.63	24d	1	0.94mi
1875 Conrad Ave SE Atlanta, GA	3.0	2.0	1088	$1,803	$1.66	22d	1	0.98mi
2145 Macon Dr SW Atlanta, GA	3.0	1.0	1059	$1,450	$1.37	24d	1	1.03mi
73 Polar Rock Rd SW Atlanta, GA	3.0	1.0	1098	$1,850	$1.68	10d	1	1.10mi
1979 Turner Rd SE Atlanta, GA	3.0	1.0	808	$1,595	$1.97	10d	1	1.18mi
2268 Polar Rock Pl SW Atlanta, GA	3.0	1.0	925	$1,575	$1.70	24d	1	1.21mi
2197 Polar Rock Pl SW Atlanta, GA	3.0	2.5	1000	$2,700	$2.70	20d	1	1.22mi
52 Claire Dr SE Atlanta, GA	2.0	2.0	800	$1,750	$2.19	18d	1	1.25mi
2786 Old Hapeville Rd SW Atlanta, GA	2.0	1.5	1050	$1,150	$1.10	24d	1	1.40mi
2745 Old Hapeville Rd SW Atlanta, GA	2.0–3.0	2.0	1007	$1,375	$1.36	15d	1	1.41mi

Listing history 50 events

1. 2026-06-18
   days on market $140,000 Active 127 DOM
2. 2026-06-17
   days on market $140,000 Active 126 DOM
3. 2026-06-16
   days on market $140,000 Active 125 DOM
4. 2026-06-15
   days on market $140,000 Active 124 DOM
5. 2026-06-13
   days on market $140,000 Active 122 DOM
6. 2026-06-13
   days on market $140,000 Active 121 DOM
7. 2026-06-09
   days on market $140,000 Active 118 DOM
8. 2026-06-08
   days on market $140,000 Active 117 DOM
9. 2026-06-07
   days on market $140,000 Active 116 DOM
10. 2026-06-04
    days on market $140,000 Active 113 DOM
11. 2026-06-03
    days on market $140,000 Active 112 DOM
12. 2026-06-02
    days on market $140,000 Active 111 DOM
13. 2026-06-01
    days on market $140,000 Active 110 DOM
14. 2026-05-31
    days on market $140,000 Active 109 DOM
15. 2026-05-11
    status Back On Market 531-char remark

    Show marketing remark (531 chars)

    Amazing opportunity to invest in this highly desirable area for first time homebuyers, legacy owner-occupants, and investors. Check out the comps! Atlanta Housing pays up to $2400 for a 3 BR in this census tract. Property is vacant. Interior pictures available upon request. In current condition, may not qualify for FHA, but feel free to make that assessment yourself. This is a quiet, mature neighborhood, with many legacy owners and renovated homes with new owners. We have other tenant-occupied and vacant properties available.

16. 2026-05-10
    historical 531-char remark

    Show marketing remark (531 chars)

    Amazing opportunity to invest in this highly desirable area for first time homebuyers, legacy owner-occupants, and investors. Check out the comps! Atlanta Housing pays up to $2400 for a 3 BR in this census tract. Property is vacant. Interior pictures available upon request. In current condition, may not qualify for FHA, but feel free to make that assessment yourself. This is a quiet, mature neighborhood, with many legacy owners and renovated homes with new owners. We have other tenant-occupied and vacant properties available.

17. 2026-03-27
    price $140,000 531-char remark

    Show marketing remark (531 chars)

    Amazing opportunity to invest in this highly desirable area for first time homebuyers, legacy owner-occupants, and investors. Check out the comps! Atlanta Housing pays up to $2400 for a 3 BR in this census tract. Property is vacant. Interior pictures available upon request. In current condition, may not qualify for FHA, but feel free to make that assessment yourself. This is a quiet, mature neighborhood, with many legacy owners and renovated homes with new owners. We have other tenant-occupied and vacant properties available.

18. 2026-02-24
    price $150,000 531-char remark

    Show marketing remark (531 chars)

    Amazing opportunity to invest in this highly desirable area for first time homebuyers, legacy owner-occupants, and investors. Check out the comps! Atlanta Housing pays up to $2400 for a 3 BR in this census tract. Property is vacant. Interior pictures available upon request. In current condition, may not qualify for FHA, but feel free to make that assessment yourself. This is a quiet, mature neighborhood, with many legacy owners and renovated homes with new owners. We have other tenant-occupied and vacant properties available.

19. 2026-02-10
    listed $170,000 New 531-char remark

    Show marketing remark (531 chars)

    Amazing opportunity to invest in this highly desirable area for first time homebuyers, legacy owner-occupants, and investors. Check out the comps! Atlanta Housing pays up to $2400 for a 3 BR in this census tract. Property is vacant. Interior pictures available upon request. In current condition, may not qualify for FHA, but feel free to make that assessment yourself. This is a quiet, mature neighborhood, with many legacy owners and renovated homes with new owners. We have other tenant-occupied and vacant properties available.

20. 2024-10-28
    historical
21. 2024-07-17
    listed $169,000 Active
22. 2019-04-05
    soldstatus $94,000
23. 2019-03-29
    soldstatus $94,000 Closed
24. 2019-03-28
    soldstatus $94,000 Sold
25. 2019-02-06
    status Pending
26. 2019-01-28
    status Pending
27. 2019-01-28
    status Under Contract
28. 2019-01-11
    price $105,000
29. 2019-01-11
    price $105,000
30. 2018-12-12
    listed $110,000 Active
31. 2018-12-12
    listed $110,000 New
32. 2017-07-11
    soldstatus $57,500
33. 2017-06-27
    soldstatus $57,500 Sold
34. 2017-06-27
    soldstatus $57,500 Sold
35. 2017-06-24
    status Under Contract
36. 2017-06-24
    historical Pending
37. 2017-06-12
    status Pending Offer Approval
38. 2017-06-02
    listed $64,275 Active
39. 2017-06-02
    listed $64,275 New
40. 2017-06-01
    historical
41. 2017-04-25
    status Back on Market
42. 2017-04-19
    status Under Contract
43. 2017-02-26
    price $64,275
44. 2016-12-19
    listed $66,775 New
45. 2016-11-30
    historical
46. 2016-09-09
    price $70,290
47. 2016-08-10
    price $72,464
48. 2016-07-12
    price $73,943
49. 2016-06-21
    listed $76,230 New
50. 2013-02-14
    soldstatus $46,100

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast GA · Resets to sale price

• Current annual tax: $3,590 · $299/mo
• Projected year-2 tax: $3,590 · $299/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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,243
• − Mortgage interest: −$7,842
• − Property taxes: −$3,590
• − Insurance: −$700
• − Repairs & maintenance: −$1,779
• − Management: −$1,779
• − Depreciation: −$4,073
• Taxable income: $2,479
• Est. tax owed @ 24.0%: −$595
• After-tax cash flow: $3,876/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): 34,264
• Household income: $50,822
• Rent vs Own: 56.7% rent · 43.3% own
• Severe rent burden: 2962.0

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 (72%)
• Race & ethnicity: Black 72% White 14% Hispanic / Latino 10% Two or more races 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 1% Italian 1% Lithuanian 1%
• Foreign-born: 5% · Canada
• Languages at home: 90% English-only · Spanish 9% French/Haitian/Cajun 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: ▼ -281.87%
• Current HPI: 176.673
• Rent YoY: ▲ 3.23%
• 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

+748.5% since first listed

38 events — show timeline

• 2026-05-11 Relisted — GAMLS
• 2026-05-10 Listing Removed — GAMLS
• 2026-03-27 Price Changed $140,000 GAMLS
• 2026-02-24 Price Changed $150,000 GAMLS
• 2026-02-10 Listed $170,000 GAMLS
• 2024-10-28 Listing Removed — FMLS
• 2024-07-17 Listed $169,000 FMLS
• 2019-04-05 Sold (Public Records) $94,000 Public Records
• 2019-03-29 Sold (MLS) $94,000 FMLS
• 2019-03-28 Sold (MLS) $94,000 GAMLS
• 2019-02-06 Pending — FMLS
• 2019-01-28 Pending — FMLS
• 2019-01-28 Pending — GAMLS
• 2019-01-11 Price Changed $105,000 GAMLS
• 2019-01-11 Price Changed $105,000 FMLS
• 2018-12-12 Listed $110,000 GAMLS
• 2018-12-12 Listed $110,000 FMLS
• 2017-07-11 Sold (Public Records) $57,500 Public Records
• 2017-06-27 Sold (MLS) $57,500 GAMLS
• 2017-06-27 Sold (MLS) $57,500 FMLS
• 2017-06-24 Pending — GAMLS
• 2017-06-24 Contingent — FMLS
• 2017-06-12 Pending — FMLS
• 2017-06-02 Listed $64,275 FMLS
• 2017-06-02 Listed $64,275 GAMLS
• 2017-06-01 Listing Removed — GAMLS
• 2017-04-25 Relisted — GAMLS
• 2017-04-19 Pending — GAMLS
• 2017-02-26 Price Changed $64,275 GAMLS
• 2016-12-19 Listed $66,775 GAMLS
• 2016-11-30 Listing Removed — GAMLS
• 2016-09-09 Price Changed $70,290 GAMLS
• 2016-08-10 Price Changed $72,464 GAMLS
• 2016-07-12 Price Changed $73,943 GAMLS
• 2016-06-21 Listed $76,230 GAMLS
• 2013-02-14 Sold (Public Records) $46,100 Public Records
• 2003-01-07 Sold (Public Records) $124,000 Public Records
• 1976-04-01 Sold (Public Records) $16,500 Public Records

Property tax history

+4.2%/yr

Latest (2025): $3,590 · -13.4% YoY. Source: county tax records.