PendingAverage Deal20 days on market

2229 Bicknell St SW

2229 Bicknell St SW, Atlanta, GA 30315, Atlanta, GA 30315
$295,900
Zestimate®:$288,100

Listing Price

Property image 1
2229 Bicknell St SW, Atlanta, GA 30315
Loc: Atlanta, GA
Days Listed
20
Tax Assessed
$344k
Zestimate®
$288k
Market Rate
Lot Size
0.44 acres
Rent Estimate
$3,120/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.

4

Slater Elementary School

PK-5
1.8 mi away
5

Price Middle School

6-8
1.2 mi away
1

Carver 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

modern farmhouseboard and batten sidingcovered front porchhip roofdormer windowminimalist aestheticblack trim accentssymmetrical designlarge front yardranch styleclean linesoutdoor seating areacontemporary colonialcurb appeal

Haven AI Verdict

Recommendation
Average
Confidence Score: 6/10
Exercise caution due to potential market volatility.
Cap Rate
8.29%
Total ROI
139.1%
Cash Flow
$509/mo
DSCR
1.33
Was this AI Verdict accurate?

Data provided by Haven AI. Disclaimer

Haven AI

At a $295,900 price point with a reported 8.29% yield, this Atlanta property offers modest cash flow potential. However, the $509/mo net cash flow is fragile; it provides a thin margin for unexpected capital expenditures, vacancy spikes, or rising insurance costs in the Georgia market. While the 4% appreciation forecast is historically plausible, it should not be relied upon for primary ROI. The property is suitable for long-term buy-and-hold investors seeking stable entry-level assets, but investors must perform rigorous due diligence on local crime statistics and renovation history. The slim monthly surplus dictates a high-maintenance management style to prevent erosion of returns.

Strengths
  • Attractive price point for the Atlanta metropolitan area
  • Positive cash flow profile
  • Reasonable rental yield for a single-family asset
Considerations
  • Thin cash flow margin offers little buffer for emergency repairs
  • Rising property taxes and insurance premiums in Georgia could compress net income
  • Dependent on appreciation to reach meaningful total returns

10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2026-09-16Pending sale$295,900$183
2026-08-27Listed for sale$295,900$183
2021-03-12Sold$70,000$43
2021-02-04Price change$79,900$49
2021-01-14Listed for sale$89,000$55
2019-08-23Sold$23,000$14
2019-08-11Pending sale$25,000$15
2019-07-22Price change$25,000$15
2019-06-04Listed for sale$35,000$22
2018-12-21Sold$8,220$5
2018-12-17Pending sale$10,000$6
2018-12-08Listed for sale$10,000$6
2010-02-10Sold$5,000$3
2008-09-16Sold$6,000$4
2008-05-25Listed for sale$16,000$10
2007-08-27Sold$73,000$45
2000-02-14Sold$74,968$46
1998-08-25Sold$71,500$44
1998-06-16Sold$32,500$20
1998-02-17Sold$47,100$29
1995-09-28Sold$57,000$35

Tax History

YearProperty TaxTax Assessment
2025$5,629.07$137,600
2024$5,633.34$137,600
2023$3,077.71$153,680
2022$3,904.55$96,480
2021$870.71$21,080
2020$380.88$9,200
2019$754.63$10,360
2018$754.63$3,320
2017$754.63$2,800
2016$617.19$2,800
2015$730.73$2,800
2014$126.96$2,800
2013$60.01$1,360
2012$152.85$3,440
2011$739.57$14,600
2010$644.8$14,600
2009$649.71$14,600
2008$997.46$41,920
2007$135.38$41,920
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
2
Sq Ft
1,616
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
$
$72,720
75% Rule
Maximum Allowable Offer (MAO)
$189,152

Calculated as (75% × $349,162) − $72,720

Asking Price is $106,748 (36.1%) Above MAO
To achieve your target margin of 25%, submit an initial counteroffer closer to $189,152 based on $72,720 in required updates.
Current Asking Price:$295,900
Estimated ARV:$349,162
Estimated Renovation:$72,720
All-In Capital Basis (MAO + Rehab):$261,872
Projected Equity Margin:+$87,290
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: $295,900[Observed] Rent: $3,120/mo[Estimated] Tax Rate: 0.9% (GA)[Estimated] Hazard Ins: $100/mo[Defaulted] Reserves: 23% OpEx Baseline
Haven ScoreExcellent
9/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
8.29%

NOI: $24,533/yr

Cash-on-Cash Yield
9.0%

On $68,057 invested

DSCR Ratio
1.33x

Prime loan qualification

5-Yr Leveraged ROI
+139.1%

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)-$258/mo
[Estimated]Homeowner / Hazard Insurance-$100/mo
[Defaulted]Vacancy Reserve (5% of rent)-$156/mo
[Defaulted]Repairs & Maintenance (10% of rent)-$312/mo
[Defaulted]Property Management (8% of rent)-$250/mo
Total Pure Operating Expenses-$1,076/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,120/mo
Less: Operating Expenses-$1,076/mo
Net Operating Income (NOI)+$2,044/mo
Less: Debt Service (30yr @ 6.75%)-$1,535/mo
Net Cash Flow
$509/mo
$6,108/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:

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