2744 Fairlane Dr SE · Atlanta, GA 30354

$162,500

3 bd · 1.0 ba · 1,014 sqft · SingleFamily public records · 93 Days on market

Built 1958 0.27 ac lot $160/sqft · 21% below area Est $205k · 21% 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 +25.4/30.0
• ARV discount +15.0/15.0
• DSCR +8.4/10.0
• 1% rule +6.9/10.0
• 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

Listing remarks MLS

Brand Bathroom and New LVP Through out the house Fully refreshed and move-in ready! This charming home features brand-new flooring, fresh interior paint, and a modern double vanity in the bathroom for a sleek, updated look. Enjoy a bright, open layout that's perfect for everyday living and entertaining. Conveniently located near downtown Atlanta and major highways, this property offers both comfort and accessibility-whether you're a first-time buyer or investor.

Key facts

• New flooring
• Modern double vanity
• Open layout

Tags

• NEW FLOORING
• MODERN DOUBLE VANITY
• OPEN LAYOUT
• CONVENIENTLY LOCATED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $162k.

Deal economics

• At list price, monthly cash flow is $374 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $162k).
• Recommended offer: $148k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.1% 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: Kipp Ways Primary Charter School (math 5% / reading 5%, grade F, #1,160 of 1,228 statewide, top 98%, 477 students, 100% FRL, charter); Crawford Long Middle School (math 2% / reading 8%, grade F, #462 of 470 statewide, top 99%, 705 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 5% at this address vs 32% district-wide (-26 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; 38 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

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 $46k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 17y ago; this cycle's ask is 11549% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• 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 $147,875 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1958 — 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. 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.
6. 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.
7. 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: 1.19% ✓
• Cap rate: 9.05%
• Cash-on-cash: 9.86%
• DSCR: 1.44
• GRM: 7.0

CMA / ARV

• ARV (median comp): $205,473
• List price: $162,500
• Delta: -20.91%
• 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
2786 Altaview Dr SE	0.11mi	4/2.0 (+1)	990 (-2%)	7mo	$225,400	$228	76
305 Banberry Dr SE	0.51mi	3/1.0	1,000 (-1%)	3mo	$135,000	$135	72
287 Banberry Dr	0.53mi	3/2.0	1,025 (+1%)	0mo	$225,000	$220	69
233 Banberry Dr SE	0.57mi	3/2.0	1,025 (+1%)	5mo	$185,000	$180	64
2599 Browns Mill Rd SE	0.30mi	3/1.5	1,080 (+6%)	12mo	$200,000	$185	63
2651 Lois Ln SE	0.48mi	3/1.5	986 (-3%)	11mo	$195,000	$198	62
51 Springside Dr SE	0.49mi	2/1.0 (-1)	1,000 (-1%)	10mo	$165,000	$165	61
251 Banberry Dr SE	0.56mi	3/1.0	1,025 (+1%)	14mo	$135,000	$132	61
2608 Macon Dr SW	0.55mi	3/1.5	1,080 (+6%)	13mo	$204,000	$189	51
2920 Springside Pl SE	0.46mi	3/2.0	1,100 (+8%)	14mo	$196,000	$178	48
245 Bromack Dr SE	0.62mi	3/2.0	1,100 (+8%)	10mo	$170,000	$155	45
2800 Macon Dr SE	0.45mi	3/2.0	1,161 (+14%)	10mo	$215,000	$185	42

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: 1.3%
• Equity multiple: 1.05×
• Total profit: $2,392
• Equity at exit: $24,229

10-year hold

• IRR: 13.3%
• Equity multiple: 2.19×
• Total profit: $53,954
• Equity at exit: $14,050

Cash invested: $45,500 (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 30354

• Home prices YoY: -17.5%
• Rents YoY: 5.5%
• Active inventory: 179
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,930 high
• Mortgage (P&I): −$852
• Tax from tax record: −$231 /mo · $2,775/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $374

Break-even live

Break-even rent $1,457

Max offer price $162,500

Occupancy floor 76%

Sensitivity live

Price	-10% $466	-5% $420	+0% $374	+5% $328	+10% $282
Rent	-10% $221	-5% $297	+0% $374	+5% $450	+10% $526
Rate	-1.0pp $456	-0.5pp $415	base $374	+0.5pp $332	+1.0pp $289

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: $40,625
• Closing costs: $4,875
• Reserves months: —
• Total cash needed: —

Rent comps 38 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2694 Fairlane Dr SE Atlanta, GA	4.0	2.0	1372	$2,800	$2.04	26d	1	0.09mi
445 Cleveland Ave SE Atlanta, GA	2.0–3.0	1.0–2.0	1014	$1,591	$1.57	3d	13	0.21mi
305 Banberry Dr SE Atlanta, GA	3.0	1.0	1000	$1,550	$1.55	0d	1	0.50mi
167 Alyson Ct SE Atlanta, GA	4.0	2.0	1344	$1,825	$1.36	26d	1	0.66mi
136 Hillsdale Dr SE Atlanta, GA	3.0	2.0	1075	$1,995	$1.86	26d	1	0.67mi
2786 Old Hapeville Rd SW Atlanta, GA	2.0	1.5	1050	$1,150	$1.10	26d	1	0.73mi
500 Hutchens Rd SE Atlanta, GA	4.0	2.0	1248	$2,400	$1.92	18d	1	0.75mi
2745 Old Hapeville Rd SW Atlanta, GA	2.0–3.0	2.0	1007	$1,375	$1.36	17d	1	0.78mi
585 McWilliams Rd SE #104 Atlanta, GA	2.0	3.0	1500	$2,078	$1.39	21d	1	0.84mi
210 Oak Dr SE Atlanta, GA	3.0	2.0	1330	$1,400	$1.05	26d	1	0.87mi
2332 Baywood Dr SE Atlanta, GA	3.0	2.0	1100	$1,400	$1.27	19d	1	0.88mi
3188 Ward Dr SW Atlanta, GA	3.0	1.5	1025	$1,800	$1.76	13d	1	0.91mi
633 Sandys Ln SE Atlanta, GA	3.0	2.0	1314	$1,950	$1.48	7d	1	0.93mi
45 Baker Dr SW Atlanta, GA	3.0	2.0	1056	$1,600	$1.52	26d	1	0.95mi
324 Macedonia Rd SE Atlanta, GA	3.0	1.0	1000	$1,295	$1.29	9d	1	1.04mi
386 Lindsey Dr SE Atlanta, GA	3.0	1.0	1040	$1,793	$1.72	0d	1	1.05mi
76 Schell Rd SE Atlanta, GA	3.0	1.0	1080	$1,623	$1.50	26d	1	1.08mi
3054 Waters Rd SW Atlanta, GA	3.0	1.0	891	$1,800	$2.02	9d	1	1.13mi
3066 Waters Rd SW Atlanta, GA	3.0	1.0	1144	$1,395	$1.22	21d	1	1.15mi
2800 Grand Ave SW Atlanta, GA	3.0	1.0	1052	$1,600	$1.52	0d	1	1.15mi
2268 Polar Rock Pl SW Atlanta, GA	3.0	1.0	925	$1,575	$1.70	26d	1	1.17mi
382 Cologne Dr SE Atlanta, GA	3.0	1.0	1100	$1,400	$1.27	0d	1	1.19mi
871 Hargis St SE Atlanta, GA	2.0	2.0	1040	$1,800	$1.73	26d	1	1.20mi
2959 Forrest Hills Dr SW Atlanta, GA	1.0–2.0	1.0–1.5	925	$1,250	$1.35	15d	1	1.21mi
2959 Forrest Hills Dr SW Atlanta, GA	1.0–2.0	1.0–1.5	925	$1,250	$1.35	18d	2	1.21mi
2145 Macon Dr SW Atlanta, GA	3.0	1.0	1059	$1,450	$1.37	26d	1	1.22mi
331 Simca St SE Atlanta, GA	3.0	1.0	1000	$1,700	$1.70	4d	1	1.25mi
172 Meador Way SE Atlanta, GA	3.0	2.0	1100	$1,950	$1.77	26d	1	1.26mi
2197 Polar Rock Pl SW Atlanta, GA	3.0	2.5	1000	$2,700	$2.70	22d	1	1.27mi
73 Polar Rock Rd SW Atlanta, GA	3.0	1.0	1098	$1,850	$1.68	12d	1	1.30mi
2087 Lakewood Trl SE Atlanta, GA	3.0	2.5	1056	$2,256	$2.14	26d	1	1.33mi
837 Forrest Cir SE Atlanta, GA	3.0	2.0	1500	$1,845	$1.23	26d	1	1.35mi
231 Maple St Atlanta, GA	3.0	2.0	1068	$1,645	$1.54	45d	1	1.37mi
1037 Rebel Forest Dr SE Atlanta, GA	3.0	2.0	1075	$1,750	$1.63	26d	1	1.38mi
2875 3rd Ave SW Unit A Atlanta, GA	2.0	1.0	900	$1,245	$1.38	3d	1	1.41mi
436 Grady Pl Atlanta, GA	3.0	2.0	1425	$2,100	$1.47	17d	1	1.45mi
278 Moreland Way Atlanta, GA	3.0	2.0	1000	$1,945	$1.95	26d	1	1.45mi
340 Adelle St SE Atlanta, GA	3.0	1.0	1122	$1,500	$1.34	4d	1	1.46mi

Listing history 44 events

1. 2026-06-21
   days on market $162,500 Active 93 DOM
2. 2026-06-18
   days on market $162,500 Active 90 DOM
3. 2026-06-17
   days on market $162,500 Active 89 DOM
4. 2026-06-16
   days on market $162,500 Active 88 DOM
5. 2026-06-15
   days on market $162,500 Active 87 DOM
6. 2026-06-13
   days on market $162,500 Active 85 DOM
7. 2026-06-13
   days on market $162,500 Active 84 DOM
8. 2026-06-09
   days on market $162,500 Active 81 DOM
9. 2026-06-08
   days on market $162,500 Active 80 DOM
10. 2026-06-07
    days on market $162,500 Active 79 DOM
11. 2026-06-04
    days on market $162,500 Active 76 DOM
12. 2026-06-03
    days on market $162,500 Active 75 DOM
13. 2026-06-02
    days on market $162,500 Active 74 DOM
14. 2026-06-01
    days on market $162,500 Active 73 DOM
15. 2026-05-31
    days on market $162,500 Active 72 DOM
16. 2026-04-23
    historical $1,395
17. 2026-04-21
    listed $1,395
18. 2026-04-20
    historical $1,395
19. 2026-04-10
    price $1,395
20. 2026-03-20
    listed $165,000 New 469-char remark

    Show marketing remark (481 chars)

    Brand Bathroom and New LVP Through out the house Fully refreshed and move-in ready! This charming home features brand-new flooring, fresh interior paint, and a modern double vanity in the bathroom for a sleek, updated look. Enjoy a bright, open layout that’s perfect for everyday living and entertaining. Conveniently located near downtown Atlanta and major highways, this property offers both comfort and accessibility—whether you're a first-time buyer or investor.

21. 2026-03-20
    listed $165,000 Active 481-char remark

    Show marketing remark (481 chars)

    Brand Bathroom and New LVP Through out the house Fully refreshed and move-in ready! This charming home features brand-new flooring, fresh interior paint, and a modern double vanity in the bathroom for a sleek, updated look. Enjoy a bright, open layout that’s perfect for everyday living and entertaining. Conveniently located near downtown Atlanta and major highways, this property offers both comfort and accessibility—whether you're a first-time buyer or investor.

22. 2026-03-19
    historical
23. 2026-02-20
    price $174,900
24. 2026-01-13
    price $179,900
25. 2025-12-24
    price $1,495
26. 2025-11-30
    price $189,900
27. 2025-11-26
    price $1,595
28. 2025-11-05
    price $1,695
29. 2025-10-31
    price $1,795
30. 2025-10-17
    listed $1,895
31. 2025-10-16
    price $194,900
32. 2025-10-06
    price $199,900
33. 2025-10-05
    status Back On Market
34. 2025-09-05
    historical On Hold
35. 2025-08-26
    price $204,900
36. 2025-08-20
    price $209,500
37. 2025-08-05
    price $214,900
38. 2025-07-28
    listed $219,000 New
39. 2021-07-14
    soldstatus $264,697
40. 2016-11-14
    soldstatus $45,000
41. 2009-12-07
    soldstatus $15,500
42. 2009-10-28
    listed $15,500
43. 2002-06-05
    soldstatus $71,100
44. 1980-09-12
    soldstatus $33,000

ⓘ 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: $2,775 · $231/mo
• Projected year-2 tax: $2,775 · $231/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 6/10 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: $23,163
• − Mortgage interest: −$9,103
• − Property taxes: −$2,775
• − Insurance: −$812
• − Repairs & maintenance: −$1,853
• − Management: −$1,853
• − Depreciation: −$4,727
• Taxable income: $2,039
• Est. tax owed @ 24.0%: −$489
• After-tax cash flow: $3,995/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
▸Paper / Packaging	2	$29B
▸Retail	1	$160B
▸Transportation / Logistics	1	$91B
▸Airlines	1	$62B
▸Consumer Goods	1	$47B
▸Utilities	1	$25B

Price history

-95.8% since first listed

29 events — show timeline

• 2026-04-23 Rental Removed $1,395 RENTSPREE
• 2026-04-21 Listed for Rent $1,395 RENTSPREE
• 2026-04-20 Rental Removed $1,395 FMLS
• 2026-04-10 Price Changed $1,395 FMLS
• 2026-03-20 Listed $165,000 FMLS
• 2026-03-20 Listed $165,000 GAMLS
• 2026-03-19 Listing Removed — GAMLS
• 2026-02-20 Price Changed $174,900 GAMLS
• 2026-01-13 Price Changed $179,900 GAMLS
• 2025-12-24 Price Changed $1,495 FMLS
• 2025-11-30 Price Changed $189,900 GAMLS
• 2025-11-26 Price Changed $1,595 FMLS
• 2025-11-05 Price Changed $1,695 FMLS
• 2025-10-31 Price Changed $1,795 FMLS
• 2025-10-17 Listed for Rent $1,895 FMLS
• 2025-10-16 Price Changed $194,900 GAMLS
• 2025-10-06 Price Changed $199,900 GAMLS
• 2025-10-05 Relisted — GAMLS
• 2025-09-05 Delisted — GAMLS
• 2025-08-26 Price Changed $204,900 GAMLS
• 2025-08-20 Price Changed $209,500 GAMLS
• 2025-08-05 Price Changed $214,900 GAMLS
• 2025-07-28 Listed $219,000 GAMLS
• 2021-07-14 Sold (Public Records) $264,697 Public Records
• 2016-11-14 Sold (Public Records) $45,000 Public Records
• 2009-12-07 Sold (MLS) $15,500 FMLS
• 2009-10-28 Listed $15,500 FMLS
• 2002-06-05 Sold (Public Records) $71,100 Public Records
• 1980-09-12 Sold (Public Records) $33,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $2,775 · -0.1% YoY. Source: county tax records.