For SaleRisky Deal26 days on market

2184 Browns Mill Rd SE

2184 Browns Mill Rd SE, Atlanta, GA 30315, Atlanta, GA 30315
$279,900

Listing Price

Property image 1
2184 Browns Mill Rd SE, Atlanta, GA 30315
Loc: Atlanta, GA
Days Listed
26
Tax Assessed
$201k
Lot Size
10,202 sqft
Rent Estimate
$1,908/mo
Est. Cash Flow base
Type
single family

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.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

2

Dobbs Elementary School

PK-5
0.3 mi away
4

Long Middle School

6-8
2.3 mi away
2

South Atlanta High School

9-12
1.8 mi away
Haven Underwritten Market·Prime (>= 1.25x)

Atlanta, GA Investment Analysis (2026)

Cap Rate Range: 6.2% - 7.5% · Median Rent: $2,650/mo · Effective Tax: 0.91%

Open Atlanta Market Underwrite

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

ranch stylewhite sidingcozywood deckexterior lightingmature treesresidentialsingle-storytraditionalwell-maintainedfront porchsuburbanshadedwelcoming

Haven AI Verdict

Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
5.22%
Total ROI
72.4%
Cash Flow
$-234/mo
DSCR
0.84
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-234/mo net cash flow with a 5.2% cap rate. Underwriting indicates risky fundamentals for long-term hold.

Strengths
  • Prime residential location in Atlanta, GA
  • Long-term capital appreciation corridor
Considerations
  • 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

DateEventPricePrice/sqft
2026-08-31Price change$279,900$262
2026-08-27Price change$285,000$266
2026-08-21Listed for sale$305,000$285
2026-04-07Sold$85,500$80
2026-01-15Sold$93,470$87

Tax History

YearProperty TaxTax Assessment
2025$690.69$80,360
2024$1,071.56$93,680
2023$514.57$85,280
2022$311.48$56,640
2021$284.25$40,880
2020$1,568.23$37,880
2019$381.39$27,360
2018$381.39$16,640
2017$381.39$16,000
2016$373.79$16,000
2015$368.09$16,000
2014$22.2$16,000
2013$13.27$9,360
2012$5.54$3,960
2011$0$13,840
2010$207.44$32,360
2009$5.75$33,000
2008$0$37,240
2007$566.94$37,240
2005$0$30,600
2004$81.86$29,480
2003$282.98$28,400
2002$23.26$24,040
2001$125.9$22,360
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,070
Address-Level Value-Add Underwriting

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.

Modeled value-add projection (+18% baseline) for 3b/2ba in Atlanta
+18% vs. list
$
$48,150
75% Rule
Maximum Allowable Offer (MAO)
$199,562

Calculated as (75% × $330,282) − $48,150

Asking Price is $80,338 (28.7%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $199,562 based on $48,150 in required updates.
Current Asking Price:$279,900
Estimated ARV:$330,282
Estimated Renovation:$48,150
All-In Capital Basis (MAO + Rehab):$247,712
Projected Equity Margin:+$82,570
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Provenance:[Observed] List Price: $279,900[Observed] Rent: $1,908/mo[Estimated] Tax Rate: 0.9% (GA)[Estimated] Hazard Ins: $100/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreRisky
1/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
5.22%

NOI: $14,622/yr

Cash-on-Cash Yield
-4.4%

On $64,377 invested

DSCR Ratio
0.84x

Negative debt coverage

5-Yr Leveraged ROI
+72.4%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
[Estimated]Property Taxes (0.9% of basis)-$151/mo
[Estimated]Homeowner / Hazard Insurance-$100/mo
[Defaulted]Vacancy Reserve (5% of rent)-$95/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$191/mo
[Defaulted]Property Management (8% of rent)-$153/mo
Total Pure Operating Expenses-$690/mo
Net Investor Cash Flow
Gross Scheduled Rent+$1,908/mo
Less: Operating Expenses-$690/mo
Net Operating Income (NOI)+$1,218/mo
Less: Debt Service (30yr @ 6.75%)-$1,452/mo
Net Cash Flow
$-234/mo
$-2,806/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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