219 Surrey Rd · Hinesville, GA 31313

$159,000

3 bd · 1.0 ba · 960 sqft · SingleFamily public records · 66 Days on market

Built 1977 0.47 ac lot $166/sqft · at area comps Est $167k · at est.

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Why this score? — see what drove the C 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 +22.6/30.0
• ARV discount +9.7/15.0
• DSCR +7.3/10.0
• 1% rule +6.4/10.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here is your chance to own a home on a large, corner lot home in the heart Hinesville, Ga. Rather you are a first time homeowner or an investor, this home could be for you. This property features 3 bedrooms, a spacious living room, dining area, eat in kitchen, large laundry room and a carport with a side entrance to the property. The home is located within minutes of shopping & schools. You may also qualify for Georgia Dream Financing. Call today for a personal tour!

Key facts

• 0.47 acre lot
• Garage
• Built 1977

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $159k.

Deal economics

• At list price, monthly cash flow is $272 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $159k).
• Recommended offer: $149k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 5.2% in Hinesville — 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 73/100 on livability (#51 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, commute D+, crime F.
• Liberty County (urban): math 19% / reading 28% proficiency, ranked #133 of 174 in GA (top 76%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+5.4%/yr); 612 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 471 units permitted in Liberty County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($60k/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 $5k of value loss. Plan a longer hold.
• Liberty County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 5.4% rent growth), your $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 66 days — a 6% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 10y 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.
• Current owner paid $68k; list at $159k implies a 134% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% 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 $149,460 (6.0% below list)

Questions for the listing agent

1. It's been on market 66 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.14% ✓
• Cap rate: 8.35%
• Cash-on-cash: 7.33%
• DSCR: 1.33
• GRM: 7.3

CMA / ARV

• ARV (median comp): $167,091
• List price: $159,000
• Delta: -4.84%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
478 Dykes St	0.37mi	3/1.0	1,008 (+5%)	20mo	$166,800	$165	58
607 Scott St	0.62mi	2/1.0 (-1)	975 (+2%)	15mo	$160,000	$164	51
621 2nd St	0.33mi	3/2.0	1,100 (+15%)	12mo	$209,000	$190	47
641 2nd St	0.40mi	3/2.0	1,100 (+15%)	11mo	$204,500	$186	44
620 Scott St	0.60mi	2/2.0 (-1)	1,057 (+10%)	12mo	$118,000	$112	36
657 Windhaven Dr	0.71mi	3/2.0	1,078 (+12%)	9mo	$168,000	$156	35

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 · 5.41% rent growth · sell at horizon

5-year hold

• IRR: -2.3%
• Equity multiple: 0.91×
• Total profit: $-3,882
• Equity at exit: $23,707

10-year hold

• IRR: 10.0%
• Equity multiple: 1.87×
• Total profit: $38,556
• Equity at exit: $13,747

Cash invested: $44,520 (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 31313

• Home prices YoY: -27.1%
• Rents YoY: 5.4%
• Active inventory: 612
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,809 high
• Mortgage (P&I): −$834
• Tax from tax record: −$257 /mo · $3,086/yr
• Insurance: −$66
• HOA: −$0
• Vacancy / Maint / Mgmt: −$380
• Net cashflow: $272

Break-even live

Break-even rent $1,465

Max offer price $159,000

Occupancy floor 80%

Sensitivity live

Price	-10% $362	-5% $317	+0% $272	+5% $227	+10% $182
Rent	-10% $129	-5% $201	+0% $272	+5% $344	+10% $415
Rate	-1.0pp $352	-0.5pp $312	base $272	+0.5pp $231	+1.0pp $189

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: $39,750
• Closing costs: $4,770
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
635 Maxwell St Hinesville, GA	3.0	1.0	950	$1,700	$1.79	44d	1	0.21mi
205 Bagley Ave Unit B Hinesville, GA	3.0	2.0	1071	$1,850	$1.73	44d	1	0.78mi
134 Pointe South Dr Hinesville, GA	2.0	1.0	840	$1,195	$1.42	44d	1	0.99mi
131 Pointe South Dr Hinesville, GA	2.0	1.0	960	$1,950	$2.03	44d	1	1.02mi
822 Lost Grove Ln Hinesville, GA	3.0	2.0	1080	$1,650	$1.53	45d	1	1.18mi
910 Brett Dr Hinesville, GA	2.0–3.0	2.0	957	$1,600	$1.67	45d	3	1.20mi
910 Brett Dr Hinesville, GA	2.0–3.0	2.0	957	$1,600	$1.67	44d	4	1.20mi
1303 Veterans Pkwy Hinesville, GA	1.0–3.0	1.0–2.0	1048	$1,750	$1.67	44d	8	1.24mi
1012 White Cir Hinesville, GA	3.0	1.0	1050	$1,300	$1.24	44d	1	1.27mi

Listing history 32 events

1. 2026-06-19
   days on market $159,000 Active 66 DOM
2. 2026-06-18
   days on market $159,000 Active 65 DOM
3. 2026-06-17
   days on market $159,000 Active 64 DOM
4. 2026-06-16
   days on market $159,000 Active 63 DOM
5. 2026-06-15
   days on market $159,000 Active 62 DOM
6. 2026-06-14
   days on market $159,000 Active 60 DOM
7. 2026-06-13
   days on market $159,000 Active 59 DOM
8. 2026-06-10
   days on market $159,000 Active 57 DOM
9. 2026-06-09
   days on market $159,000 Active 56 DOM
10. 2026-06-08
    days on market $159,000 Active 55 DOM
11. 2026-06-07
    days on market $159,000 Active 54 DOM
12. 2026-06-05
    days on market $159,000 Active 51 DOM
13. 2026-06-03
    days on market $159,000 Active 50 DOM
14. 2026-06-02
    days on market $159,000 Active 49 DOM
15. 2026-06-01
    days on market $159,000 Active 48 DOM
16. 2026-05-31
    days on market $159,000 Active 47 DOM
17. 2026-05-30
    days on market $159,000 Active 46 DOM
18. 2026-04-29
    price $159,000 477-char remark

    Show marketing remark (431 chars)

    Here is your chance to own a home on a large, corner lot in the heart Hinesville, Ga. This property is perfect for investors. This property features 3 bedrooms, a spacious living room, dining area, eat in kitchen, large laundry room and a carport with a side entrance to the property. The home is located within minutes of shopping & schools. You may also qualify for Georgia Dream Financing. Call today for a personal tour!

19. 2026-04-29
    price $159,000 431-char remark

    Show marketing remark (431 chars)

    Here is your chance to own a home on a large, corner lot in the heart Hinesville, Ga. This property is perfect for investors. This property features 3 bedrooms, a spacious living room, dining area, eat in kitchen, large laundry room and a carport with a side entrance to the property. The home is located within minutes of shopping & schools. You may also qualify for Georgia Dream Financing. Call today for a personal tour!

20. 2026-04-14
    listed $165,000 Active 477-char remark

    Show marketing remark (431 chars)

    Here is your chance to own a home on a large, corner lot in the heart Hinesville, Ga. This property is perfect for investors. This property features 3 bedrooms, a spacious living room, dining area, eat in kitchen, large laundry room and a carport with a side entrance to the property. The home is located within minutes of shopping & schools. You may also qualify for Georgia Dream Financing. Call today for a personal tour!

21. 2026-04-14
    listed $165,000 Active 431-char remark

    Show marketing remark (431 chars)

    Here is your chance to own a home on a large, corner lot in the heart Hinesville, Ga. This property is perfect for investors. This property features 3 bedrooms, a spacious living room, dining area, eat in kitchen, large laundry room and a carport with a side entrance to the property. The home is located within minutes of shopping & schools. You may also qualify for Georgia Dream Financing. Call today for a personal tour!

22. 2026-04-10
    listed $165,000 New
23. 2025-12-07
    historical $1,300
24. 2025-11-07
    listed $1,300
25. 2024-11-24
    historical $1,300
26. 2024-10-10
    listed $1,300
27. 2024-03-20
    historical $1,300
28. 2024-03-13
    listed $1,300
29. 2018-03-05
    soldstatus $68,000
30. 2018-02-23
    soldstatus $68,000
31. 2016-10-04
    listed $69,900
32. 2016-10-04
    listed $69,900

ⓘ 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: $3,086 · $257/mo
• Projected year-2 tax: $3,086 · $257/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 4/10 Moderate
• 🌡 Heat 9/10 Extreme 7 d/yr ≥111°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,711
• − Mortgage interest: −$8,906
• − Property taxes: −$3,086
• − Insurance: −$795
• − Repairs & maintenance: −$1,737
• − Management: −$1,737
• − Depreciation: −$4,625
• Taxable income: $824
• Est. tax owed @ 24.0%: −$198
• After-tax cash flow: $3,067/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: Liberty County
• NCES district ID: 1303300
• Math proficiency: 19% ▼ -16.00%
• Reading proficiency: 28% ▼ -13.00%
• Median HH income: $43,911
• Composite: 20.2/100
• National rank: #8630
• State rank: #133 of 174 in GA

Livability — Hinesville

• Score: 73/100
• State rank: #51
• US rank: #5200

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hinesville, GA
• County: Liberty County · 58,565 people
• City population: 42,838
• Metro: Hinesville, GA
• Population (ZIP): 42,838
• Household income: $60,233
• Rent vs Own: 50.1% rent · 49.9% own
• Severe rent burden: 1693.0

Population outlook (Liberty County) Hauer SSP2

• Today (2025): 58,689 people
• By 2030: 57,670 · -1.7%
• By 2040: 55,750 · -5.0%
• By 2050: 54,155 · -7.7%
• By 2075: 58,947 · +0.4%
• By 2100: 66,919 · +14.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: Black 47% White 31% Hispanic / Latino 13% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 7%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 7% · Canada, South Korea
• Languages at home: 86% English-only · Spanish 7% Other Indo-European 2% German/W. Germanic 1%

Political lean MEDSL · Liberty

• 2024 margin: D (+17.4) · D 58.5% · R 41.0%
• 2008→2024 swing: -10.9pp toward R · 2008: 28.4pp · 2024: 17.4pp
• All cycles: 2024: D+17.4 2020: D+24.1 2016: D+21.2 2012: D+30.2 2008: D+28.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -77.50%
• Current HPI: 208.0927
• Rent YoY: ▲ 5.41%
• Metro: Hinesville, 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

+127.5% since first listed

15 events — show timeline

• 2026-04-29 Price Changed $159,000 Hive MLS
• 2026-04-29 Price Changed $159,000 HABR
• 2026-04-14 Listed $165,000 HABR
• 2026-04-14 Listed $165,000 Hive MLS
• 2026-04-10 Listed $165,000 GAMLS
• 2025-12-07 Rental Removed $1,300 APPFOLIO
• 2025-11-07 Listed for Rent $1,300 APPFOLIO
• 2024-11-24 Rental Removed $1,300 APPFOLIO
• 2024-10-10 Listed for Rent $1,300 APPFOLIO
• 2024-03-20 Rental Removed $1,300 APPFOLIO
• 2024-03-13 Listed for Rent $1,300 APPFOLIO
• 2018-03-05 Sold (Public Records) $68,000 Public Records
• 2018-02-23 Sold (MLS) $68,000 Hive MLS
• 2016-10-04 Listed $69,900 Hive MLS
• 2016-10-04 Listed $69,900 Hive MLS

Property tax history

+9.7%/yr

Latest (2025): $3,086 · +1.3% YoY. Source: county tax records.