197 Bearcreek Rd · Eatonton, GA 31024

$224,900

4 bd · 1.0 ba · 528 sqft · Manufactured public records · 29 Days on market

Manufactured home Built 2025 0.55 ac lot

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +6.8/30.0
• Livability +3.6/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• DSCR +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks

WW Development Presents a Brand New 4 Bedroom 2 Full Bath Home Sitting Pretty on just over Half Acre Lot that is Only about Half a Mile from TWIN BRIDGES LANDINGS where you can Take Advantage of the Beautiful LAKE SINCLAIR Area! Enjoy the Split Floor Plan that has an Open Kitchen, Dining and Great Room with Easy Care Vinyl Flooring. Black Appliances and Kitchen Island Set Off the Kitchen. Quality Shows with the Detailed Rails on the Front Porch and Back Deck! You will want to See This One before the Spring and Summer Fun Begins!

Key facts

• Front porch
• Back deck
• Half acre lot

Tags

• HALF ACRE LOT
• OPEN KITCHEN
• KITCHEN ISLAND
• FRONT PORCH
• BACK DECK

Property features AI

Finance

• Other: Home warranty included
• HOA & community: No HOA

Exterior

• Parking: Off-street parking
• Utilities: Public water; Septic tank; Electricity available
• Home design: Manufactured single-family residence; One-story; New construction
• Construction: Vinyl siding; Composition roof; Block and pillar/post/pier foundation; Built in 2025
• Exterior features: Deck; Porch; Sloped lot

Interior

• Kitchen: Dishwasher; Refrigerator; Electric water heater
• Bedrooms: 4 bedrooms (all on the main level)
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Central heating (electric heat pump); Central air conditioning (electric heat pump)
• Interior features: High ceilings; Soaking tub; Split bedroom plan; Walk-in closets; Great room
• Laundry & utility: Laundry area located in the kitchen

🏗️ New construction. The $224,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $340,611.

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath manufactured listed at $225k.

Deal economics

• At list price, monthly cash flow is $-530 ($-6k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $225k).
• Recommended offer: $222k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#76 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, employment F.
• Putnam County (rural): math 33% / reading 30% proficiency, ranked #86 of 174 in GA (top 49%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Putnam County Primary School (756 students, 81% FRL); Putnam County Middle School (math 31% / reading 33%, grade F, #229 of 470 statewide, top 49%, 681 students, 81% FRL); Putnam County High School (math 8% / reading 32%, grade F, #238 of 424 statewide, top 57%, 919 students, 81% FRL).
• Market conditions: 533 active listings in the ZIP; 129 units permitted in Putnam County in 2024 (50 in 5+ unit buildings).
• This rent runs 42% of the median local income ($66k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Putnam County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 57% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $221,526 (1.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. 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.
6. 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.
7. 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: 0.68% ✗
• Cap rate: 4.42%
• Cash-on-cash: -6.67%
• DSCR: 0.70
• GRM: 12.3

CMA / ARV

• ARV (median comp): $340,611
• List price: $224,900
• Delta: -33.97%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -27.8%
• Equity multiple: 0.07×
• Total profit: $-88,932
• Equity at exit: $50,786

10-year hold

• IRR: -26.4%
• Equity multiple: -0.27×
• Total profit: $-120,787
• Equity at exit: $29,450

Cash invested: $95,371 (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 31024

• Active inventory: 533
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,308 medium
• Mortgage (P&I): −$1,786
• Tax est. 1.5%: −$426 /mo · $5,109/yr
• Insurance: −$142
• HOA: −$0
• Vacancy / Maint / Mgmt: −$485
• Net cashflow: $-530

Break-even live

Break-even rent $2,980

Max offer price $263,881

Occupancy floor —

Sensitivity live

Price	-10% $-295	-5% $-413	+0% $-530	+5% $-648	+10% $-766
Rent	-10% $-713	-5% $-621	+0% $-530	+5% $-439	+10% $-348
Rate	-1.0pp $-359	-0.5pp $-444	base $-530	+0.5pp $-619	+1.0pp $-708

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: $85,153
• Closing costs: $10,218
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-05-31
   status $224,900 Under Contract 29 DOM
2. 2026-05-30
   days on market $224,900 Active 29 DOM
3. 2026-04-28
   listed $224,900 New 534-char remark

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 57% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,701
• − Mortgage interest: −$19,080
• − Property taxes: −$5,109
• − Insurance: −$1,703
• − Repairs & maintenance: −$2,216
• − Management: −$2,216
• − Depreciation: −$9,909
• Taxable loss: −$12,532
• Est. tax savings @ 24.0%: +$3,008
• After-tax cash flow: $-3,356/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: Putnam County
• NCES district ID: 1304260
• Math proficiency: 33% ▼ -5.00%
• Reading proficiency: 30% ▼ -1.00%
• Median HH income: $44,038
• Composite: 26.9/100
• National rank: #7088
• State rank: #86 of 174 in GA

Livability — Eatonton

• Score: 71/100
• State rank: #76
• US rank: #6665

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment F Housing A+ Health & safety A- User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Putnam County · 21,601 people
• City population: 21,601
• Metro: nan
• Population (ZIP): 21,601
• Household income: $65,971
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 696.0

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 20,747 people
• By 2030: 20,163 · -2.8%
• By 2040: 18,680 · -10.0%
• By 2050: 17,117 · -17.5%
• By 2075: 13,269 · -36.0%
• By 2100: 9,234 · -55.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 26% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 6% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+42.2) · D 28.7% · R 71.0%
• 2008→2024 swing: -10.9pp toward R · 2008: -31.4pp · 2024: -42.2pp
• All cycles: 2024: R+42.2 2020: R+40.9 2016: R+40.0 2012: R+35.8 2008: R+31.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -199.84%
• Current HPI: 269.8265
• Rent YoY: —
• Metro: nan
• 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

2 events — show timeline

• 2026-05-30 Pending — GAMLS
• 2026-04-28 Listed $224,900 GAMLS

Property tax history

+3.0%/yr

Latest (2025): $168 · +23.5% YoY. Source: county tax records.