2382 Old Rex Morrow Rd · Lake City, GA 30294

$210,000

4 bd · 2.0 ba · 1,304 sqft · SingleFamily public records · 50 Days on market

Built 1985 0.31 ac lot $161/sqft · at area comps Est $244k · 14% under

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Why this score? — see what drove the D+ 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).

• Cash flow +15.3/30.0
• ARV discount +13.8/15.0
• 1% rule +4.9/10.0
• DSCR +4.7/10.0
• Rent growth +3.6/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Is there a 4-bed home in Ellenwood under $215K with space and updates? This 4-bedroom single family home in Ellenwood offers 1,568 sqft, a large kitchen with granite countertops, and a flexible oversized fourth bedroom, plus a fenced backyard and deck, making it a strong option for first time buyers or investors seeking value and function. Welcome to 2382 Old Rex Morrow Rd in Ellenwood, a 4 bedroom, 2 bathroom single family home offering 1,568 sqft on a .3 acre lot with no HOA. Priced at $210,000, this property delivers both functionality and opportunity. The large kitchen features granite countertops and stainless steel appliances, opening into comfortable living spaces designed for everyday use. The oversized fourth bedroom provides flexibility for a home office, guest space, or rental potential. Step outside to a back deck overlooking a fenced backyard, offering room to relax, entertain, or enjoy outdoor living. Ample parking adds everyday convenience. Located with easy access to Atlanta, Hartsfield-Jackson Atlanta International Airport, and major highways including I-675 and I-285, this home is positioned for both commuters and tenants. Enjoy nearby outdoor recreation at Panola Mountain State Park along with close proximity to shopping and dining. Whether you are a first time buyer or investor, this 4-bed single family home in Ellenwood under $250K offers a compelling mix of space, location, and value. Schedule your showing today.

Key facts

• 0.31 acre lot
• 4 parking spots
• Built 1985

Property features AI

Exterior

• Parking: Parking pad with space for four vehicles
• Utilities: Public water; Septic tank sewer; 110-volt electric; Natural gas available; Cable available; Electricity available; Phone available; Water available
• Home design: Single-story (one level); Resale condition
• Construction: Brick construction; Composition roof; Raised foundation; Built (resale) — year not provided
• Exterior features: Deck; Back yard with wood fencing; Other exterior features

Interior

• Kitchen: Solid surface counters; White cabinets; Eat-in kitchen; Refrigerator included
• Bedrooms: Master suite on the main level; Four main-level bedrooms
• Flooring: Vinyl flooring throughout
• Bathrooms: Two full bathrooms (both on the main level); Master bath with double vanity and tub/shower combo
• Heating & cooling: Central air conditioning; Gas water heater
• Interior features: Built-in bookcases; Double vanity in bathroom; One fireplace located in the living room; No shared/common walls; Crawl space foundation (basement type)
• Laundry & utility: Dedicated laundry room; Laundry area listed as 'Other' (additional space/configuration)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $76 ($907/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (1.5% below list).
• Recommended offer: $204k (3.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 4.2% in Lake City — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#98 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime F, amenities F, commute F.
• Clayton County (suburban): math 11% / reading 20% proficiency, ranked #155 of 174 in GA (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Morrow Elementary School (454 students, 90% FRL); Adamson Middle School (math 15% / reading 32%, grade F, #319 of 470 statewide, top 68%, 557 students, 90% FRL); Morrow High School (math 12% / reading 22%, grade F, #277 of 424 statewide, top 67%, 1,980 students, 91% FRL).
• Market conditions: Rents rising fast (+4.6%/yr); 254 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 865 units permitted in Clayton County in 2024 (448 in 5+ unit buildings).
• This rent runs 31% of the median local income ($80k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Clayton County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 50 days — a 3% lower offer ($204k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 16y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $203,700 (3.0% below list)

Questions for the listing agent

1. It's been on market 50 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. 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?
6. 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.
7. 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.
8. 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: 0.99% ✗
• Cap rate: 6.72%
• Cash-on-cash: 1.54%
• DSCR: 1.07
• GRM: 8.5

CMA / ARV

• ARV (median comp): $243,992
• List price: $210,000
• Delta: -13.93%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2313 Poplar Ave	0.20mi	4/2.0	1,324 (+2%)	1mo	$95,000	$72	88
5810 Northfield Dr	0.10mi	3/2.0 (-1)	1,274 (-2%)	12mo	$230,000	$181	77
2436 Rex Rd	0.21mi	3/2.0 (-1)	1,440 (+10%)	8mo	$240,000	$167	61
5712 Wesson Dr	0.33mi	3/2.0 (-1)	1,408 (+8%)	7mo	$244,900	$174	61
2658 Deann Dr	0.60mi	3/2.0 (-1)	1,333 (+2%)	9mo	$245,000	$184	56
2379 Prestige Sq	0.68mi	3/2.0 (-1)	1,209 (-7%)	0mo	$232,000	$192	51
2599 Creston Way	0.69mi	3/2.0 (-1)	1,312 (+1%)	14mo	$220,000	$168	50
5791 Cobbrook Dr	0.45mi	3/1.5 (-1)	1,201 (-8%)	12mo	$201,000	$167	49
5725 Twain Dr	0.44mi	3/2.0 (-1)	1,447 (+11%)	11mo	$215,000	$149	47
6071 Deerfield Ct	0.66mi	3/2.0 (-1)	1,368 (+5%)	11mo	$265,000	$194	47
6064 Monica Dr	0.68mi	3/2.0 (-1)	1,460 (+12%)	12mo	$205,000	$140	34
5595 Brenston Ln	0.71mi	3/2.5 (-1)	1,484 (+14%)	10mo	$254,500	$171	29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.56% rent growth · sell at horizon

5-year hold

• IRR: -11.9%
• Equity multiple: 0.56×
• Total profit: $-25,818
• Equity at exit: $31,312

10-year hold

• IRR: -0.4%
• Equity multiple: 0.97×
• Total profit: $-1,912
• Equity at exit: $18,157

Cash invested: $58,800 (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 30294

• Home prices YoY: -25.0%
• Rents YoY: 4.6%
• Active inventory: 254
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $2,069 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$370 /mo · $4,446/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $76

Break-even live

Break-even rent $1,974

Max offer price $210,000

Occupancy floor 91%

Sensitivity live

Price	-10% $194	-5% $135	+0% $76	+5% $16	+10% $-43
Rent	-10% $-88	-5% $-6	+0% $76	+5% $157	+10% $239
Rate	-1.0pp $181	-0.5pp $129	base $76	+0.5pp $21	+1.0pp $-34

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5720 Buck Ct Ellenwood, GA	3.0	2.0	1232	$1,850	$1.50	25d	1	0.06mi
5731 Buck Ct Ellenwood, GA	3.0	2.0	1242	$1,525	$1.23	14d	1	0.07mi
2260 Hammond Ct Ellenwood, GA	3.0	2.0	1248	$1,850	$1.48	45d	1	0.18mi
5704 Wesson Dr Ellenwood, GA	3.0	2.0	1480	$1,710	$1.16	45d	1	0.36mi
2445 Rex Rd Ellenwood, GA	1.0–3.0	1.0–2.0	1149	$1,569	$1.37	0d	10	0.38mi
5868 Dan Dr Ellenwood, GA	3.0	2.0	1854	$2,300	$1.24	45d	1	0.45mi
2603 Old Rex Morrow Rd Ellenwood, GA	4.0	3.0	1800	$2,510	$1.39	45d	1	0.48mi
6010 Fairfield Dr Morrow, GA	3.0	1.5	1246	$1,841	$1.48	4d	1	0.50mi
2617 Old Rex Morrow Rd Ellenwood, GA	4.0	3.0	1800	$1,950	$1.08	14d	1	0.52mi
5762 Northspring Dr Ellenwood, GA	3.0	2.0	1577	$1,705	$1.08	14d	1	0.56mi
6043 Deerfield Ct Morrow, GA	3.0	2.0	1370	$1,741	$1.27	0d	1	0.60mi
6068 Monica Dr Morrow, GA	3.0	2.0	1210	$1,700	$1.40	23d	1	0.69mi
5915 Trammell Rd Morrow, GA	3.0	2.5	1521	$1,423	$0.94	0d	5	0.71mi
2271 Wentworth Park Dr Ellenwood, GA	4.0	2.5	1705	$2,119	$1.24	18d	1	0.91mi
2314 Shady Dr Morrow, GA	4.0	2.5	1705	$2,179	$1.28	13d	1	1.04mi
2941 Partin Pl Ellenwood, GA	4.0	2.5	1874	$2,155	$1.15	16d	1	1.07mi
6137 Harvard Ct Morrow, GA	3.0	2.0	1320	$1,531	$1.16	0d	1	1.08mi
2292 Shady Dr Morrow, GA	3.0	2.5	1714	$2,199	$1.28	0d	1	1.09mi
2588 Monica Way Morrow, GA	3.0	2.0	1706	$1,650	$0.97	4d	1	1.20mi
2690 Lake Harbin Rd Morrow, GA	3.0	1.0	980	$1,653	$1.69	0d	1	1.24mi
6234 Culver Dr Morrow, GA	4.0	3.0	1748	$2,350	$1.34	6d	1	1.30mi
6437 Maddox Rd Morrow, GA	3.0	2.0	1694	$1,818	$1.07	25d	1	1.30mi
6424 Monica Dr Morrow, GA	3.0	2.0	1125	$1,400	$1.24	45d	1	1.34mi
2958 Stone Creek Dr Rex, GA	3.0	2.0	1506	$1,800	$1.20	14d	1	1.38mi
1932 Carla Dr Morrow, GA	3.0	2.0	1324	$1,730	$1.31	3d	1	1.42mi
2128 Baden Ct #1 Morrow, GA	3.0	1.5	1600	$1,450	$0.91	0d	1	1.43mi
6497 Cameron Rd Morrow, GA	5.0	2.0	1358	$2,040	$1.50	0d	1	1.45mi

Listing history 46 events

1. 2026-06-16
   statusdays on market $210,000 Pending 50 DOM
2. 2026-06-15
   days on market $210,000 Active Under Contract 49 DOM
3. 2026-06-13
   days on market $210,000 Active Under Contract 47 DOM
4. 2026-06-09
   days on market $210,000 Active Under Contract 43 DOM
5. 2026-06-08
   days on market $210,000 Active Under Contract 42 DOM
6. 2026-06-07
   days on market $210,000 Active Under Contract 41 DOM
7. 2026-06-04
   days on market $210,000 Active Under Contract 38 DOM
8. 2026-06-03
   days on market $210,000 Active Under Contract 37 DOM
9. 2026-06-02
   days on market $210,000 Active Under Contract 36 DOM
10. 2026-06-01
    days on market $210,000 Active Under Contract 35 DOM
11. 2026-05-31
    days on market $210,000 Active Under Contract 34 DOM
12. 2026-05-08
    historical Active Under Contract 1458-char remark

    Show marketing remark (1458 chars)

    Is there a 4-bed home in Ellenwood under $215K with space and updates? This 4-bedroom single family home in Ellenwood offers 1,568 sqft, a large kitchen with granite countertops, and a flexible oversized fourth bedroom, plus a fenced backyard and deck, making it a strong option for first time buyers or investors seeking value and function. Welcome to 2382 Old Rex Morrow Rd in Ellenwood, a 4 bedroom, 2 bathroom single family home offering 1,568 sqft on a .3 acre lot with no HOA. Priced at $210,000, this property delivers both functionality and opportunity. The large kitchen features granite countertops and stainless steel appliances, opening into comfortable living spaces designed for everyday use. The oversized fourth bedroom provides flexibility for a home office, guest space, or rental potential. Step outside to a back deck overlooking a fenced backyard, offering room to relax, entertain, or enjoy outdoor living. Ample parking adds everyday convenience. Located with easy access to Atlanta, Hartsfield-Jackson Atlanta International Airport, and major highways including I-675 and I-285, this home is positioned for both commuters and tenants. Enjoy nearby outdoor recreation at Panola Mountain State Park along with close proximity to shopping and dining. Whether you are a first time buyer or investor, this 4-bed single family home in Ellenwood under $250K offers a compelling mix of space, location, and value. Schedule your showing today.

13. 2026-05-08
    historical Active Under Contract 1458-char remark

    Show marketing remark (1458 chars)

    Is there a 4-bed home in Ellenwood under $215K with space and updates? This 4-bedroom single family home in Ellenwood offers 1,568 sqft, a large kitchen with granite countertops, and a flexible oversized fourth bedroom, plus a fenced backyard and deck, making it a strong option for first time buyers or investors seeking value and function. Welcome to 2382 Old Rex Morrow Rd in Ellenwood, a 4 bedroom, 2 bathroom single family home offering 1,568 sqft on a .3 acre lot with no HOA. Priced at $210,000, this property delivers both functionality and opportunity. The large kitchen features granite countertops and stainless steel appliances, opening into comfortable living spaces designed for everyday use. The oversized fourth bedroom provides flexibility for a home office, guest space, or rental potential. Step outside to a back deck overlooking a fenced backyard, offering room to relax, entertain, or enjoy outdoor living. Ample parking adds everyday convenience. Located with easy access to Atlanta, Hartsfield-Jackson Atlanta International Airport, and major highways including I-675 and I-285, this home is positioned for both commuters and tenants. Enjoy nearby outdoor recreation at Panola Mountain State Park along with close proximity to shopping and dining. Whether you are a first time buyer or investor, this 4-bed single family home in Ellenwood under $250K offers a compelling mix of space, location, and value. Schedule your showing today.

14. 2026-04-27
    listed $210,000 Active 1458-char remark

    Show marketing remark (1458 chars)

    Is there a 4-bed home in Ellenwood under $215K with space and updates? This 4-bedroom single family home in Ellenwood offers 1,568 sqft, a large kitchen with granite countertops, and a flexible oversized fourth bedroom, plus a fenced backyard and deck, making it a strong option for first time buyers or investors seeking value and function. Welcome to 2382 Old Rex Morrow Rd in Ellenwood, a 4 bedroom, 2 bathroom single family home offering 1,568 sqft on a .3 acre lot with no HOA. Priced at $210,000, this property delivers both functionality and opportunity. The large kitchen features granite countertops and stainless steel appliances, opening into comfortable living spaces designed for everyday use. The oversized fourth bedroom provides flexibility for a home office, guest space, or rental potential. Step outside to a back deck overlooking a fenced backyard, offering room to relax, entertain, or enjoy outdoor living. Ample parking adds everyday convenience. Located with easy access to Atlanta, Hartsfield-Jackson Atlanta International Airport, and major highways including I-675 and I-285, this home is positioned for both commuters and tenants. Enjoy nearby outdoor recreation at Panola Mountain State Park along with close proximity to shopping and dining. Whether you are a first time buyer or investor, this 4-bed single family home in Ellenwood under $250K offers a compelling mix of space, location, and value. Schedule your showing today.

15. 2026-04-27
    listed $210,000 New 1458-char remark

    Show marketing remark (1458 chars)

    Is there a 4-bed home in Ellenwood under $215K with space and updates? This 4-bedroom single family home in Ellenwood offers 1,568 sqft, a large kitchen with granite countertops, and a flexible oversized fourth bedroom, plus a fenced backyard and deck, making it a strong option for first time buyers or investors seeking value and function. Welcome to 2382 Old Rex Morrow Rd in Ellenwood, a 4 bedroom, 2 bathroom single family home offering 1,568 sqft on a .3 acre lot with no HOA. Priced at $210,000, this property delivers both functionality and opportunity. The large kitchen features granite countertops and stainless steel appliances, opening into comfortable living spaces designed for everyday use. The oversized fourth bedroom provides flexibility for a home office, guest space, or rental potential. Step outside to a back deck overlooking a fenced backyard, offering room to relax, entertain, or enjoy outdoor living. Ample parking adds everyday convenience. Located with easy access to Atlanta, Hartsfield-Jackson Atlanta International Airport, and major highways including I-675 and I-285, this home is positioned for both commuters and tenants. Enjoy nearby outdoor recreation at Panola Mountain State Park along with close proximity to shopping and dining. Whether you are a first time buyer or investor, this 4-bed single family home in Ellenwood under $250K offers a compelling mix of space, location, and value. Schedule your showing today.

16. 2026-04-24
    historical $210,000 1458-char remark

    Show marketing remark (1458 chars)

    Is there a 4-bed home in Ellenwood under $215K with space and updates? This 4-bedroom single family home in Ellenwood offers 1,568 sqft, a large kitchen with granite countertops, and a flexible oversized fourth bedroom, plus a fenced backyard and deck, making it a strong option for first time buyers or investors seeking value and function. Welcome to 2382 Old Rex Morrow Rd in Ellenwood, a 4 bedroom, 2 bathroom single family home offering 1,568 sqft on a .3 acre lot with no HOA. Priced at $210,000, this property delivers both functionality and opportunity. The large kitchen features granite countertops and stainless steel appliances, opening into comfortable living spaces designed for everyday use. The oversized fourth bedroom provides flexibility for a home office, guest space, or rental potential. Step outside to a back deck overlooking a fenced backyard, offering room to relax, entertain, or enjoy outdoor living. Ample parking adds everyday convenience. Located with easy access to Atlanta, Hartsfield-Jackson Atlanta International Airport, and major highways including I-675 and I-285, this home is positioned for both commuters and tenants. Enjoy nearby outdoor recreation at Panola Mountain State Park along with close proximity to shopping and dining. Whether you are a first time buyer or investor, this 4-bed single family home in Ellenwood under $250K offers a compelling mix of space, location, and value. Schedule your showing today.

17. 2026-04-24
    historical $210,000 1458-char remark

    Show marketing remark (1458 chars)

    Is there a 4-bed home in Ellenwood under $215K with space and updates? This 4-bedroom single family home in Ellenwood offers 1,568 sqft, a large kitchen with granite countertops, and a flexible oversized fourth bedroom, plus a fenced backyard and deck, making it a strong option for first time buyers or investors seeking value and function. Welcome to 2382 Old Rex Morrow Rd in Ellenwood, a 4 bedroom, 2 bathroom single family home offering 1,568 sqft on a .3 acre lot with no HOA. Priced at $210,000, this property delivers both functionality and opportunity. The large kitchen features granite countertops and stainless steel appliances, opening into comfortable living spaces designed for everyday use. The oversized fourth bedroom provides flexibility for a home office, guest space, or rental potential. Step outside to a back deck overlooking a fenced backyard, offering room to relax, entertain, or enjoy outdoor living. Ample parking adds everyday convenience. Located with easy access to Atlanta, Hartsfield-Jackson Atlanta International Airport, and major highways including I-675 and I-285, this home is positioned for both commuters and tenants. Enjoy nearby outdoor recreation at Panola Mountain State Park along with close proximity to shopping and dining. Whether you are a first time buyer or investor, this 4-bed single family home in Ellenwood under $250K offers a compelling mix of space, location, and value. Schedule your showing today.

18. 2025-11-12
    historical
19. 2025-11-12
    historical
20. 2025-10-04
    status Back On Market
21. 2025-10-04
    status Active
22. 2025-08-16
    status Under Contract
23. 2025-08-16
    status Pending
24. 2025-06-04
    price $235,000
25. 2025-06-04
    price $235,000
26. 2025-04-14
    price $245,000
27. 2025-04-14
    price $245,000
28. 2025-04-14
    status Active
29. 2025-04-12
    status Back On Market
30. 2025-02-20
    historical On Hold
31. 2025-01-24
    listed $256,000 Active
32. 2025-01-03
    historical
33. 2025-01-02
    listed $256,000 New
34. 2022-09-09
    soldstatus $218,000
35. 2022-09-06
    soldstatus $218,000 Sold
36. 2022-08-04
    status Under Contract
37. 2022-08-04
    price $220,000
38. 2022-07-30
    status Back On Market
39. 2022-07-11
    status Under Contract
40. 2022-07-06
    listed $240,000 New
41. 2010-06-10
    historical
42. 2010-04-09
    soldstatus $46,500 Sold
43. 2010-03-28
    status Pending
44. 2010-03-19
    listed $41,500 Active
45. 1999-07-16
    soldstatus $84,100
46. 1986-05-09
    soldstatus $57,468

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

Tax reassessment forecast GA · Resets to sale price

• Current annual tax: $4,446 · $370/mo
• Projected year-2 tax: $4,446 · $370/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,833
• − Mortgage interest: −$11,763
• − Property taxes: −$4,446
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,987
• − Management: −$1,987
• − Depreciation: −$6,109
• Taxable loss: −$2,508
• Est. tax savings @ 24.0%: +$602
• After-tax cash flow: $1,509/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: Clayton County
• NCES district ID: 1301230
• Math proficiency: 11% ▼ -13.00%
• Reading proficiency: 20% ▼ -9.00%
• Median HH income: $42,266
• Composite: 13.41/100
• National rank: #9527
• State rank: #155 of 174 in GA

Livability — Lake City

• Score: 70/100
• State rank: #98
• US rank: #7863

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Henry County · 316,359 people
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 41,983
• Household income: $79,762
• Rent vs Own: 19.4% rent · 80.6% own
• Severe rent burden: 864.0

Population outlook (Clayton County) Hauer SSP2

• Today (2025): 310,777 people
• By 2030: 329,762 · +6.1%
• By 2040: 368,052 · +18.4%
• By 2050: 401,196 · +29.1%
• By 2075: 472,488 · +52.0%
• By 2100: 500,446 · +61.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (84%)
• Race & ethnicity: Black 84% Hispanic / Latino 7% Two or more races 6% White 6% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Hispanic 1%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 6% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Clayton

• 2024 margin: Solid D (+69.2) · D 84.3% · R 15.1%
• 2008→2024 swing: +2.8pp toward D · 2008: 66.4pp · 2024: 69.2pp
• All cycles: 2024: D+69.2 2020: D+70.9 2016: D+71.9 2012: D+70.1 2008: D+66.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.99%
• Current HPI: 213.1999
• Rent YoY: ▲ 4.56%
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• 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

+265.4% since first listed

36 events — show timeline

• 2026-06-16 Pending — FMLS
• 2026-05-08 Contingent — GAMLS
• 2026-05-08 Contingent — FMLS
• 2026-04-27 Listed $210,000 FMLS
• 2026-04-27 Listed $210,000 GAMLS
• 2026-04-24 Coming Soon $210,000 GAMLS
• 2026-04-24 Coming Soon $210,000 FMLS
• 2025-11-12 Listing Removed — GAMLS
• 2025-11-12 Listing Removed — FMLS
• 2025-10-04 Relisted — GAMLS
• 2025-10-04 Relisted — FMLS
• 2025-08-16 Pending — GAMLS
• 2025-08-16 Pending — FMLS
• 2025-06-04 Price Changed $235,000 GAMLS
• 2025-06-04 Price Changed $235,000 FMLS
• 2025-04-14 Price Changed $245,000 GAMLS
• 2025-04-14 Price Changed $245,000 FMLS
• 2025-04-14 Relisted — FMLS
• 2025-04-12 Relisted — GAMLS
• 2025-02-20 Delisted — GAMLS
• 2025-01-24 Listed $256,000 FMLS
• 2025-01-03 Coming Soon — FMLS
• 2025-01-02 Listed $256,000 GAMLS
• 2022-09-09 Sold (Public Records) $218,000 Public Records
• 2022-09-06 Sold (MLS) $218,000 GAMLS
• 2022-08-04 Pending — GAMLS
• 2022-08-04 Price Changed $220,000 GAMLS
• 2022-07-30 Relisted — GAMLS
• 2022-07-11 Pending — GAMLS
• 2022-07-06 Listed $240,000 GAMLS
• 2010-06-10 Listing Removed — FMLS
• 2010-04-09 Sold (MLS) $46,500 FMLS
• 2010-03-28 Pending — FMLS
• 2010-03-19 Listed $41,500 FMLS
• 1999-07-16 Sold (Public Records) $84,100 Public Records
• 1986-05-09 Sold (Public Records) $57,468 Public Records

Property tax history

+6.6%/yr

Latest (2025): $4,446 · +4.8% YoY. Source: county tax records.