For SaleRisky Deal27 days on market

953 Ormewood Ave SE

953 Ormewood Ave SE, Atlanta, GA 30316, Atlanta, GA 30316

$1,399,000

Zestimate®:$1,384,500

Listing Price

953 Ormewood Ave SE, Atlanta, GA 30316

Loc: Atlanta, GA

Days Listed

Zestimate®

$1385k

Market Rate

Lot Size

7,536 sqft

Rent Estimate

$5,219/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.

Parkside Elementary School

PK-5

0.5 mi away

King Middle School

6-8

1.4 mi away

Maynard H. Jackson- Jr. High School

9-12

0.5 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

modern architecturecontemporaryboard and batten sidingvertical sidingattached garagesecond-story balconywood deckstaircase entryminimalistdark gray exteriorclean lineslandscaped lawndrivewaymulti-level

Haven AI Verdict

Recommendation

Risky

Confidence Score: 5/10

Exercise caution due to potential market volatility.

Cap Rate

2.20%

Total ROI

6.6%

Cash Flow

$-4,698/mo

DSCR

0.35

Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

Property yields an estimated $-4,698/mo net cash flow with a 2.2% 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

Date	Event	Price	Price/sqft
2026-08-20	Listed for sale	$1,399,000	$356
2026-08-10	Listing removed	$1,399,000	$356
2026-06-20	Listed for sale	$1,399,000	$356
2023-11-01	Listing removed	$385,000	$98
2023-07-28	Listed for sale	$385,000	$98

Getzels Group

Haven Team

CalRE #01884947

Call / Text

818.535.5337

Property Specs

Beds

Baths

Sq Ft

3,932

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.

Estimated After-Repair Value (ARV) [estimated]Modeled value-add projection (+18% baseline) for 5b/4ba in Atlanta

+18% vs. list

Rehab Budget & Scope (3,932 sq ft)$176,940

Institutional Acquisition Rule75% Rule

Maximum Allowable Offer (MAO)

$1,061,175

Calculated as (75% × $1,650,820) − $176,940

Asking Price is $337,825 (24.1%) Above MAO

To achieve your target margin of 25%, submit an initial counteroffer closer to $1,061,175 based on $176,940 in required updates.

Current Asking Price:$1,399,000

Estimated ARV:$1,650,820

Estimated Renovation:$176,940

All-In Capital Basis (MAO + Rehab):$1,238,115

Projected Equity Margin:+$412,705

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: $1,399,000[Observed] Rent: $5,219/mo[Estimated] Tax Rate: 0.9% (GA)[Estimated] Hazard Ins: $408/mo[Defaulted] Reserves: 23% OpEx Baseline

Haven ScoreRisky

0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)

2.20%

NOI: $30,737/yr

Cash-on-Cash Yield

-17.5%

On $321,770 invested

DSCR Ratio

0.35x

Negative debt coverage