3597 Fairlane Dr NW · Atlanta, GA 30331

$129,900

3 bd · 1.0 ba · 875 sqft · SingleFamily public records · 80 Days on market

Built 1960 9,182 sqft lot $148/sqft · 41% below area Est $219k · 41% 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 +25.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.3/10.0
• 1% rule +6.9/10.0
• Livability +4.2/5.0
• Rent growth +3.2/5.0
• Schools +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enjoy one level living in this 3 bedroom 1 bath home located conveniently to city amenities. Fresh paint throughout. Stainless steel appliances, granite counters and white cabinets in the kitchen.

Key facts

• White cabinets
• Granite counters
• 9,182 sq ft lot

Tags

• STAINLESS STEEL APPLIANCES
• GRANITE COUNTERS
• WHITE CABINETS

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $295 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $122k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.0% 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); Frederick Douglass High School (math 24%, 1,112 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 (+2.6%/yr); 489 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 19d 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 $898 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.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 16y ago; this cycle's ask has dropped $16k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $87k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $122,106 (6.0% below list)

Questions for the listing agent

1. It's been on market 80 days. Have you received any prior offers? Is the seller open to a 6% 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. 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: 9.02%
• Cash-on-cash: 9.75%
• DSCR: 1.43
• GRM: 7.0

CMA / ARV

• ARV (median comp): $218,554
• List price: $129,900
• Delta: -40.56%
• 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
3683 Fairlane Dr NW	0.17mi	3/1.0	875 (0%)	1mo	$120,000	$137	91
3512 Fairlane Dr NW	0.19mi	3/1.0	875 (0%)	10mo	$224,500	$257	83
474 Fairlock Ln NW	0.18mi	3/1.0	875 (0%)	13mo	$224,000	$256	81
3828 Collier Dr	0.42mi	2/1.0 (-1)	800 (-9%)	2mo	$90,000	$113	59
679 Bolton Rd NW	0.43mi	3/1.0	1,000 (+14%)	5mo	$123,000	$123	52
3519 Adkins Rd NW	0.40mi	3/1.0	1,000 (+14%)	8mo	$170,000	$170	51
3395 Lake Valley Rd NW	0.40mi	2/2.0 (-1)	954 (+9%)	12mo	$185,000	$194	47
774 Alfred Rd NW	0.69mi	3/1.0	825 (-6%)	15mo	$108,700	$132	46
3494 Thompson Dr	0.40mi	2/1.0 (-1)	980 (+12%)	14mo	$110,000	$112	45
3731 Adkins Rd NW	0.54mi	3/1.0	1,000 (+14%)	8mo	$150,000	$150	44
3730 Clovis Ct NW	0.61mi	3/2.0	1,000 (+14%)	2mo	$211,999	$212	42
439 Oakside Dr SW	0.66mi	3/1.0	1,000 (+14%)	12mo	$140,000	$140	35

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 · 2.63% rent growth · sell at horizon

5-year hold

• IRR: -2.0%
• Equity multiple: 0.92×
• Total profit: $-2,766
• Equity at exit: $19,369

10-year hold

• IRR: 7.3%
• Equity multiple: 1.54×
• Total profit: $19,650
• Equity at exit: $11,231

Cash invested: $36,372 (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 30331

• Home prices YoY: -34.2%
• Rents YoY: 2.6%
• Active inventory: 489
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,549 high
• Mortgage (P&I): −$681
• Tax from tax record: −$193 /mo · $2,317/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $295

Break-even live

Break-even rent $1,175

Max offer price $129,900

Occupancy floor 76%

Sensitivity live

Price	-10% $369	-5% $332	+0% $295	+5% $259	+10% $222
Rent	-10% $173	-5% $234	+0% $295	+5% $357	+10% $418
Rate	-1.0pp $361	-0.5pp $328	base $295	+0.5pp $262	+1.0pp $228

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3590 Collier Dr NW Atlanta, GA	4.0	4.0	1110	$1,100	$0.99	13d	1	0.07mi
3466 Fairlane Dr NW Atlanta, GA	3.0	1.0	950	$1,495	$1.57	26d	1	0.25mi
470 Bolton Rd NW Unit D1 Atlanta, GA	2.0	1.5	1100	$1,395	$1.27	26d	1	0.27mi
3669 Martin Luther King Jr Dr SW Atlanta, GA	2.0	1.5	800	$1,300	$1.62	7d	2	0.32mi
3456 Thompson Dr NW Atlanta, GA	3.0	1.0	975	$1,750	$1.79	26d	1	0.46mi
3774 Clovis Ct NW Atlanta, GA	3.0	1.0	1000	$1,425	$1.43	1d	1	0.58mi
842 Bonneville Ter NW Atlanta, GA	2.0	2.0	1100	$1,855	$1.69	26d	1	0.81mi
942 Fairburn Rd NW Atlanta, GA	3.0	2.0	900	$1,623	$1.80	24d	1	0.87mi
875 Fairburn Rd NW Atlanta, GA	3.0	1.0	850	$1,375	$1.62	19d	1	0.90mi
586 Oakside Dr SW Unit B Atlanta, GA	2.0	1.0	1075	$1,065	$0.99	17d	1	0.92mi
586 Oakside Dr SW Unit A Atlanta, GA	3.0	1.0	1075	$1,325	$1.23	17d	1	0.92mi
3188 Delmar Ln NW Atlanta, GA	3.0	2.0	1124	$2,400	$2.14	26d	1	1.09mi
40 Candlelight Ln SW Unit A Atlanta, GA	2.0	2.0	1098	$1,500	$1.37	26d	1	1.24mi
3440 Boulder Park Dr SW Atlanta, GA	2.0	1.0	800	$1,050	$1.31	1d	2	1.25mi
1021 Harwell Rd NW Atlanta, GA	1.0–2.0	1.0–1.5	1002	$1,534	$1.53	10d	15	1.26mi
1070 Bolton Rd NW Atlanta, GA	1.0–3.0	1.0–3.0	1094	$2,196	$2.01	4d	12	1.32mi
294 Brownlee Rd SW Atlanta, GA	2.0	1.5	950	$1,050	$1.11	19d	2	1.37mi
2875 Hedgewood Dr NW Atlanta, GA	3.0	2.0	1100	$1,700	$1.55	19d	1	1.46mi
3136 Martin Luther King Jr Dr SW Atlanta, GA	1.0–2.0	1.0–1.5	800	$1,250	$1.56	22d	5	1.48mi

Listing history 34 events

1. 2026-06-10
   status $129,900 Pending 80 DOM
2. 2026-06-09
   days on market $129,900 Active 80 DOM
3. 2026-06-08
   days on market $129,900 Active 79 DOM
4. 2026-06-07
   days on market $129,900 Active 78 DOM
5. 2026-06-04
   days on market $129,900 Active 75 DOM
6. 2026-06-03
   days on market $129,900 Active 74 DOM
7. 2026-06-02
   days on market $129,900 Active 73 DOM
8. 2026-06-02
   price $129,900 Active 72 DOM
9. 2026-06-01
   days on market $146,000 Active 72 DOM
10. 2026-05-31
    days on market $146,000 Active 71 DOM
11. 2026-04-10
    status Back On Market 196-char remark

    Show marketing remark (196 chars)

    Enjoy one level living in this 3 bedroom 1 bath home located conveniently to city amenities. Fresh paint throughout. Stainless steel appliances, granite counters and white cabinets in the kitchen.

12. 2026-04-10
    status Active 196-char remark

    Show marketing remark (196 chars)

    Enjoy one level living in this 3 bedroom 1 bath home located conveniently to city amenities. Fresh paint throughout. Stainless steel appliances, granite counters and white cabinets in the kitchen.

13. 2026-04-02
    status Under Contract 196-char remark

    Show marketing remark (196 chars)

    Enjoy one level living in this 3 bedroom 1 bath home located conveniently to city amenities. Fresh paint throughout. Stainless steel appliances, granite counters and white cabinets in the kitchen.

14. 2026-04-02
    status Pending 196-char remark

    Show marketing remark (196 chars)

    Enjoy one level living in this 3 bedroom 1 bath home located conveniently to city amenities. Fresh paint throughout. Stainless steel appliances, granite counters and white cabinets in the kitchen.

15. 2026-03-12
    listed $146,000 New 196-char remark

    Show marketing remark (196 chars)

    Enjoy one level living in this 3 bedroom 1 bath home located conveniently to city amenities. Fresh paint throughout. Stainless steel appliances, granite counters and white cabinets in the kitchen.

16. 2026-03-12
    listed $146,000 Active 196-char remark

    Show marketing remark (196 chars)

    Enjoy one level living in this 3 bedroom 1 bath home located conveniently to city amenities. Fresh paint throughout. Stainless steel appliances, granite counters and white cabinets in the kitchen.

17. 2026-03-10
    historical
18. 2025-07-19
    price $166,000
19. 2025-07-10
    status Back On Market
20. 2025-06-26
    historical
21. 2025-05-30
    price $185,000
22. 2024-12-26
    listed $210,000 New
23. 2019-04-29
    soldstatus $87,400
24. 2019-04-23
    soldstatus $87,400 Sold
25. 2019-04-23
    status Under Contract
26. 2019-02-14
    listed $89,700 New
27. 2010-06-10
    historical
28. 2010-03-11
    soldstatus $15,500 Sold
29. 2010-02-25
    status Pending
30. 2010-02-16
    historical
31. 2010-02-15
    status Active
32. 2010-01-22
    historical
33. 2010-01-21
    listed $14,000 Active
34. 2005-10-12
    soldstatus $80,000

ⓘ 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: $2,317 · $193/mo
• Projected year-2 tax: $2,317 · $193/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 ≥103°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,590
• − Mortgage interest: −$7,276
• − Property taxes: −$2,317
• − Insurance: −$650
• − Repairs & maintenance: −$1,487
• − Management: −$1,487
• − Depreciation: −$3,779
• Taxable income: $1,594
• Est. tax owed @ 24.0%: −$382
• After-tax cash flow: $3,163/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): 62,567
• Household income: $62,623
• Rent vs Own: 46.8% rent · 53.2% own
• Severe rent burden: 3748.0

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 (94%)
• Race & ethnicity: Black 94% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Hispanic 1%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 1% 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: ▼ -106.38%
• Current HPI: 204.5402
• Rent YoY: ▲ 2.63%
• 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

+82.5% since first listed

24 events — show timeline

• 2026-04-10 Relisted — GAMLS
• 2026-04-10 Relisted — FMLS
• 2026-04-02 Pending — GAMLS
• 2026-04-02 Pending — FMLS
• 2026-03-12 Listed $146,000 FMLS
• 2026-03-12 Listed $146,000 GAMLS
• 2026-03-10 Listing Removed — GAMLS
• 2025-07-19 Price Changed $166,000 GAMLS
• 2025-07-10 Relisted — GAMLS
• 2025-06-26 Listing Removed — GAMLS
• 2025-05-30 Price Changed $185,000 GAMLS
• 2024-12-26 Listed $210,000 GAMLS
• 2019-04-29 Sold (Public Records) $87,400 Public Records
• 2019-04-23 Sold (MLS) $87,400 GAMLS
• 2019-04-23 Pending — GAMLS
• 2019-02-14 Listed $89,700 GAMLS
• 2010-06-10 Listing Removed — FMLS
• 2010-03-11 Sold (MLS) $15,500 FMLS
• 2010-02-25 Pending — FMLS
• 2010-02-16 Listing Removed — FMLS
• 2010-02-15 Relisted — FMLS
• 2010-01-22 Listing Removed — FMLS
• 2010-01-21 Listed $14,000 FMLS
• 2005-10-12 Sold (Public Records) $80,000 Public Records

Property tax history

+3.3%/yr

Latest (2025): $2,317 · -0.1% YoY. Source: county tax records.