1885 Monroe Dr NE
Listing Price
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
Nearby Schools
Educational options and performance ratings in the area.
Morningside Elementary School
David T Howard Middle School
Midtown High School
Atlanta, GA Investment Analysis (2026)
Cap Rate Range: 6.2% - 7.5% · Median Rent: $2,650/mo · Effective Tax: 0.91%
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,876/mo net cash flow with a 3.6% cap rate. Underwriting indicates risky fundamentals for long-term hold.
- • Prime residential location in Atlanta, GA
- • Long-term capital appreciation corridor
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-10 | Listed for sale | $850,000 | $394 |
| 2022-02-24 | Sold | $585,000 | $271 |
| 2022-02-15 | Pending sale | $569,900 | $264 |
| 2022-02-09 | Contingent | $569,900 | $264 |
| 2022-02-08 | Listed for sale | $569,900 | $264 |
| 2022-01-10 | Pending sale | $569,900 | $264 |
| 2022-01-04 | Listed for sale | $569,900 | $264 |
| 2020-08-12 | Listing removed | $569,900 | $264 |
| 2020-06-04 | Price change | $569,900 | $264 |
| 2020-04-02 | Price change | $574,900 | $267 |
| 2020-02-11 | Listed for sale | $599,900 | $278 |
| 2016-03-25 | Listing removed | $555,000 | $257 |
| 2016-03-18 | Price change | $555,000 | $257 |
| 2016-03-08 | Price change | $565,000 | $262 |
| 2016-02-16 | Price change | $575,000 | $267 |
| 2016-02-10 | Listed for sale | $589,000 | $273 |
| 1998-10-16 | Sold | $258,900 | $120 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $7,756.99 | $251,200 |
| 2024 | $7,853.57 | $257,400 |
| 2023 | $4,328.07 | $227,880 |
| 2022 | $6,013.77 | $221,880 |
| 2021 | $5,828.42 | $215,400 |
| 2020 | $8,289.94 | $200,240 |
| 2019 | $6,100.99 | $196,680 |
| 2018 | $6,100.99 | $167,320 |
| 2017 | $6,100.99 | $117,240 |
| 2016 | $4,424 | $117,240 |
| 2015 | $4,357.58 | $117,240 |
| 2014 | $4,005.43 | $117,240 |
| 2013 | $3,799.82 | $114,960 |
| 2012 | $3,827.55 | $114,960 |
| 2011 | $0 | $114,960 |
| 2010 | $4,473.17 | $125,560 |
| 2009 | $1,116.15 | $125,560 |
| 2008 | $0 | $125,560 |
| 2007 | $1,175.26 | $111,600 |
| 2005 | $0 | $111,600 |
| 2004 | $1,287.73 | $108,240 |
ARV, Rehab & Maximum Allowable Offer (MAO)
Model contractor scopes, estimated after-repair value (ARV) projections, and determine your purchase price ceiling to protect target margins.
Calculated as (75% × $1,003,000) − $97,020
Investment Numbers & Operating Model
Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.
Multi-factor yield grade
NOI: $30,411/yr
On $195,500 invested
Negative debt coverage
Equity + cumulative cash
Monthly Cash Flow Breakdown
Similar Properties Nearby
Explore other investment opportunities in Atlanta.