3234 Katomarick Dr SE · Atlanta, GA 30354

$139,500

3 bd · 1.5 ba · 1,400 sqft · SingleFamily public records · 22 Days on market

Built 1962 0.27 ac lot Est $245k · 43% 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +9.5/10.0
• 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

Listing remarks MLS

Investor opportunity in a convenient Atlanta location. This 3-bedroom, 1-bath home offers approximately 1,400 square feet, hardwood floors, an eat-in kitchen, and strong potential for renovation. Ideal for fix-and-flip investors, BRRRR buyers, buy-and-hold landlords, or owner-occupants looking to customize a home to their taste. Located near the airport and Downtown Hapeville, this property offers excellent access and long-term appeal for resale or rental strategies. Bring your vision and unlock the value this home has to offer.

Key facts

• 0.27 acre lot
• 2 parking spots
• Built 1962

Property features AI

Exterior

• Parking: Two parking spaces; Driveway parking; Open parking available
• Utilities: Public water; Public sewer; 220-volt electric; Cable available; Electricity available; Natural gas available; Phone available; Sewer available; Water available
• Home design: One-level home
• Construction: Brick 4 sides construction; Composition roof; Slab foundation; Property listed as fixer
• Exterior features: Please use GPS for directions; Asphalt road surface

Interior

• Kitchen: Eat-in kitchen; Electric range; Refrigerator
• Bedrooms: Three main-level bedrooms; Bedroom features: none specified
• Flooring: Hardwood floors; Laminate floors
• Bathrooms: One full bathroom; One half bathroom; One main-level full bathroom; One main-level half bathroom; Master bathroom: none specified
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Other interior features; No shared/common walls
• Laundry & utility: Electric dryer hookup; Laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $614 ($7k/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: $137k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.6% 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; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 26d 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 $964 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 + 5.5% rent growth), your $39k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($137k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 18y 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 $17k; list at $140k implies a 721% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 6→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $137,407 (1.5% below list)

Questions for the listing agent

1. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.45% ✓
• Cap rate: 11.58%
• Cash-on-cash: 18.88%
• DSCR: 1.84
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $245,000
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3267 Donnebrook Ln	0.22mi	3/2.0	1,326 (-5%)	7mo	$258,800	$195	73
982 Forrest Dr	0.44mi	3/2.0	1,400 (0%)	18mo	$265,000	$189	62
633 Sandys Ln SE	0.40mi	3/2.0	1,314 (-6%)	12mo	$200,000	$152	59
881 Forrest Cir SE	0.36mi	4/2.0 (+1)	1,398 (-0%)	22mo	$269,000	$192	58
837 Forrest Cir SE	0.46mi	3/2.0	1,500 (+7%)	13mo	$220,000	$147	54
3130 Forrest Park Rd SE	0.44mi	3/2.0	1,330 (-5%)	21mo	$180,000	$135	51
594 Waynes Ct SE	0.43mi	4/2.5 (+1)	1,500 (+7%)	9mo	$226,500	$151	51
638 Sandys Ln SE	0.40mi	4/2.0 (+1)	1,555 (+11%)	6mo	$230,000	$148	50
886 Forrest Cir SE	0.38mi	4/2.0 (+1)	1,300 (-7%)	20mo	$255,000	$196	47
3589 Eisenhower Cir SE	0.74mi	4/2.0 (+1)	1,400 (0%)	22mo	$245,000	$175	40
631 Sandys Ln SE	0.40mi	4/2.0 (+1)	1,572 (+12%)	18mo	$218,000	$139	38
993 Roosevelt Dr SE	0.73mi	4/2.0 (+1)	1,240 (-11%)	9mo	$229,000	$185	32

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: 13.5%
• Equity multiple: 1.56×
• Total profit: $21,692
• Equity at exit: $20,800

10-year hold

• IRR: 24.2%
• Equity multiple: 3.34×
• Total profit: $91,540
• Equity at exit: $12,061

Cash invested: $39,060 (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: 5.7×

Monthly cashflow live

• Estimated rent: $2,026 high
• Mortgage (P&I): −$732
• Tax from tax record: −$196 /mo · $2,358/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$425
• Net cashflow: $614

Break-even live

Break-even rent $1,248

Max offer price $139,500

Occupancy floor 65%

Sensitivity live

Price	-10% $693	-5% $654	+0% $614	+5% $575	+10% $536
Rent	-10% $454	-5% $534	+0% $614	+5% $695	+10% $775
Rate	-1.0pp $685	-0.5pp $650	base $614	+0.5pp $578	+1.0pp $542

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: $34,875
• Closing costs: $4,185
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
633 Sandys Ln SE Atlanta, GA	3.0	2.0	1314	$1,950	$1.48	7d	1	0.36mi
831 River Gardens Dr Atlanta, GA	3.0	2.5	1680	$2,800	$1.67	26d	1	0.41mi
1006 Hutchens Rd SE Atlanta, GA	3.0	2.0	881	$2,800	$3.18	26d	1	0.44mi
837 Forrest Cir SE Atlanta, GA	3.0	2.0	1500	$1,845	$1.23	26d	1	0.45mi
3080 Forrest Park Rd SE Atlanta, GA	3.0	2.0	1828	$1,950	$1.07	26d	1	0.49mi
500 Hutchens Rd SE Atlanta, GA	4.0	2.0	1248	$2,400	$1.92	18d	1	0.54mi
3450 Forrest Park Rd SE Atlanta, GA	1.0–3.0	1.0–2.0	1002	$1,537	$1.53	26d	11	0.71mi
382 Cologne Dr SE Atlanta, GA	3.0	1.0	1100	$1,400	$1.27	1d	1	0.85mi
454 Oak Dr SE Atlanta, GA	4.0	3.0	1501	$2,300	$1.53	24d	1	0.85mi
324 Macedonia Rd SE Atlanta, GA	3.0	1.0	1000	$1,295	$1.29	9d	1	0.92mi
331 Simca St SE Atlanta, GA	3.0	1.0	1000	$1,700	$1.70	5d	1	0.95mi
445 Cleveland Ave SE Atlanta, GA	2.0–3.0	1.0–2.0	1014	$1,591	$1.57	3d	13	1.12mi
167 Alyson Ct SE Atlanta, GA	4.0	2.0	1344	$1,825	$1.36	26d	1	1.28mi
3188 Ward Dr SW Atlanta, GA	3.0	1.5	1025	$1,800	$1.76	14d	1	1.31mi
210 Oak Dr SE Atlanta, GA	3.0	2.0	1330	$1,400	$1.05	26d	1	1.31mi
585 McWilliams Rd SE #1406 Atlanta, GA	3.0	2.5	1742	$2,400	$1.38	26d	1	1.35mi
2694 Fairlane Dr SE Atlanta, GA	4.0	2.0	1372	$2,800	$2.04	26d	1	1.35mi
871 Hargis St SE Atlanta, GA	2.0	2.0	1040	$1,800	$1.73	26d	1	1.40mi
131 Oak Dr SE Atlanta, GA	3.0	2.0	1848	$1,750	$0.95	26d	1	1.41mi
1037 Rebel Forest Dr SE Atlanta, GA	3.0	2.0	1075	$1,750	$1.63	26d	1	1.43mi
152 Ruzelle Dr SE Atlanta, GA	4.0	1.5	1511	$1,595	$1.06	16d	1	1.45mi
585 McWilliams Rd SE #2402 Atlanta, GA	2.0	2.5	1548	$2,200	$1.42	5d	1	1.48mi

Listing history 17 events

1. 2026-06-10
   status $139,500 Active 22 DOM

   Show marketing remark (534 chars)

   Investor opportunity in a convenient Atlanta location. This 3-bedroom, 1-bath home offers approximately 1,400 square feet, hardwood floors, an eat-in kitchen, and strong potential for renovation. Ideal for fix-and-flip investors, BRRRR buyers, buy-and-hold landlords, or owner-occupants looking to customize a home to their taste. Located near the airport and Downtown Hapeville, this property offers excellent access and long-term appeal for resale or rental strategies. Bring your vision and unlock the value this home has to offer.

2. 2026-05-19
   status Back On Market 534-char remark

   Show marketing remark (534 chars)

   Investor opportunity in a convenient Atlanta location. This 3-bedroom, 1-bath home offers approximately 1,400 square feet, hardwood floors, an eat-in kitchen, and strong potential for renovation. Ideal for fix-and-flip investors, BRRRR buyers, buy-and-hold landlords, or owner-occupants looking to customize a home to their taste. Located near the airport and Downtown Hapeville, this property offers excellent access and long-term appeal for resale or rental strategies. Bring your vision and unlock the value this home has to offer.

3. 2026-05-19
   status Active 594-char remark

   Show marketing remark (534 chars)

   Investor opportunity in a convenient Atlanta location. This 3-bedroom, 1-bath home offers approximately 1,400 square feet, hardwood floors, an eat-in kitchen, and strong potential for renovation. Ideal for fix-and-flip investors, BRRRR buyers, buy-and-hold landlords, or owner-occupants looking to customize a home to their taste. Located near the airport and Downtown Hapeville, this property offers excellent access and long-term appeal for resale or rental strategies. Bring your vision and unlock the value this home has to offer.

4. 2026-05-03
   status Pending 594-char remark

   Show marketing remark (534 chars)

   Investor opportunity in a convenient Atlanta location. This 3-bedroom, 1-bath home offers approximately 1,400 square feet, hardwood floors, an eat-in kitchen, and strong potential for renovation. Ideal for fix-and-flip investors, BRRRR buyers, buy-and-hold landlords, or owner-occupants looking to customize a home to their taste. Located near the airport and Downtown Hapeville, this property offers excellent access and long-term appeal for resale or rental strategies. Bring your vision and unlock the value this home has to offer.

5. 2026-05-03
   status Under Contract 534-char remark

   Show marketing remark (534 chars)

   Investor opportunity in a convenient Atlanta location. This 3-bedroom, 1-bath home offers approximately 1,400 square feet, hardwood floors, an eat-in kitchen, and strong potential for renovation. Ideal for fix-and-flip investors, BRRRR buyers, buy-and-hold landlords, or owner-occupants looking to customize a home to their taste. Located near the airport and Downtown Hapeville, this property offers excellent access and long-term appeal for resale or rental strategies. Bring your vision and unlock the value this home has to offer.

6. 2026-04-20
   listed $139,500 Active 594-char remark
7. 2026-04-20
   historical $139,500 594-char remark
8. 2026-04-19
   listed $139,500 New 534-char remark

   Show marketing remark (534 chars)

   Investor opportunity in a convenient Atlanta location. This 3-bedroom, 1-bath home offers approximately 1,400 square feet, hardwood floors, an eat-in kitchen, and strong potential for renovation. Ideal for fix-and-flip investors, BRRRR buyers, buy-and-hold landlords, or owner-occupants looking to customize a home to their taste. Located near the airport and Downtown Hapeville, this property offers excellent access and long-term appeal for resale or rental strategies. Bring your vision and unlock the value this home has to offer.

9. 2008-08-28
   soldstatus $17,000

   Show marketing remark (171 chars)

   Lender owned. All offers must include preapproval letter from Countrywide Home Loans Inc. Countrywide offers free appraisal/credit check if loan funds and closes with CHL.

10. 2008-07-23
    listed $20,900

    Show marketing remark (171 chars)

    Lender owned. All offers must include preapproval letter from Countrywide Home Loans Inc. Countrywide offers free appraisal/credit check if loan funds and closes with CHL.

11. 2006-10-10
    soldstatus $133,000
12. 1996-03-12
    soldstatus $70,000
13. 1995-09-20
    soldstatus $26,900
14. 1995-09-18
    soldstatus $26,900
15. 1995-06-21
    soldstatus $39,000
16. 1992-10-20
    soldstatus $43,000
17. 1992-08-10
    soldstatus $30,600

ⓘ 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: $2,358 · $196/mo
• Projected year-2 tax: $2,358 · $196/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 6 d/yr ≥104°F today · 15 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 22% 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: $24,314
• − Mortgage interest: −$7,814
• − Property taxes: −$2,358
• − Insurance: −$698
• − Repairs & maintenance: −$1,945
• − Management: −$1,945
• − Depreciation: −$4,058
• Taxable income: $5,496
• Est. tax owed @ 24.0%: −$1,319
• After-tax cash flow: $6,055/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

+355.9% since first listed

25 events — show timeline

• 2026-06-10 Delisted — GAMLS
• 2026-06-10 Relisted — GAMLS
• 2026-06-10 Relisted — FMLS
• 2026-05-30 Pending — FMLS
• 2026-05-30 Pending — GAMLS
• 2026-05-27 Relisted — GAMLS
• 2026-05-27 Relisted — FMLS
• 2026-05-26 Pending — FMLS
• 2026-05-26 Pending — GAMLS
• 2026-05-19 Relisted — GAMLS
• 2026-05-19 Relisted — FMLS
• 2026-05-03 Pending — FMLS
• 2026-05-03 Pending — GAMLS
• 2026-04-20 Listed $139,500 FMLS
• 2026-04-20 Coming Soon — FMLS
• 2026-04-19 Listed $139,500 GAMLS
• 2008-08-28 Sold (MLS) $17,000 FMLS
• 2008-07-23 Listed $20,900 FMLS
• 2006-10-10 Sold (Public Records) $133,000 Public Records
• 1996-03-12 Sold (Public Records) $70,000 Public Records
• 1995-09-20 Sold (Public Records) $26,900 Public Records
• 1995-09-18 Sold (Public Records) $26,900 Public Records
• 1995-06-21 Sold (Public Records) $39,000 Public Records
• 1992-10-20 Sold (Public Records) $43,000 Public Records
• 1992-08-10 Sold (Public Records) $30,600 Public Records

Property tax history

+3.3%/yr

Latest (2025): $2,358 · -20.0% YoY. Source: county tax records.