186 Paramount Dr · Crooked Creek, GA 31024

$159,900

4 bd · 2.0 ba · 1,440 sqft · Manufactured public records · 79 Days on market

Built 1989 1.00 ac lot $111/sqft · 64% below area

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Livability +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

LAKE FRONT FIXER UPPER ON LAKE SINCLAIR! Calling all renovators and bargain hunters… This property is a golden opportunity to build equity and redesign from the ground up. This approximately one-acre+/- lakefront lot offers the ultimate foundation for your dream retreat. Unlike many lake properties, this is fee simple ownership—you own the land outright. The existing 4-bedroom, 2-bathroom home is a fixer-upper in need of a full renovation, but the heavy lifting on the paperwork is done: the title is surrendered, classifying the double-wide home as permanent real property. Private platform dock in place. Whether you choose to gut and remodel the spacious 4BR layout or start fresh, the value is in the land, the infrastructure, and the rare absolute ownership with NO HOA! Great opportunity to obtain lakefront property at a bargain price tag! Home inspection report from 2022 on file, as well as receipts for plumbing and electrical. Sold as is, and priced accordingly.

Key facts

• Lakefront lot
• Fee simple ownership
• No hoa

Tags

• LAKEFRONT LOT
• PRIVATE PLATFORM DOCK
• FEE SIMPLE OWNERSHIP
• PERMANENT REAL PROPERTY
• NO HOA

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $160k).
• Recommended offer: $150k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.8% vs local median 1.6% in Crooked Creek — 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 39/100 on livability (#613 in GA) — a limited-amenity area; tenant pool skews transient or value-seeking. Strengths: cost of living A+, crime A; Watch: schools F, amenities F, commute 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.
• Market conditions: 522 active listings in the ZIP; 129 units permitted in Putnam County in 2024 (50 in 5+ unit buildings).
• At $2,524/mo this rent would consume 46% of the median local household income ($66k/yr) (locally 696% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• Putnam County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago; this cycle's ask has dropped $40k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $105k; list at $160k implies a 52% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 48% 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 $150,306 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
6. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
7. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
8. 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.
9. 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.
10. 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: 1.58% ✓
• Cap rate: 13.84%
• Cash-on-cash: 26.96%
• DSCR: 2.20
• GRM: 5.3

CMA / ARV

• ARV (median comp): $441,467
• List price: $159,900
• Delta: -63.78%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 20.9%
• Equity multiple: 1.85×
• Total profit: $38,127
• Equity at exit: $23,842

10-year hold

• IRR: 29.0%
• Equity multiple: 3.58×
• Total profit: $115,566
• Equity at exit: $13,825

Cash invested: $44,772 (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: 522
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,524 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$83 /mo · $998/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$530
• Net cashflow: $1,006

Break-even live

Break-even rent $1,251

Max offer price $159,900

Occupancy floor 55%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-19
   days on market $159,900 Active 79 DOM
2. 2026-06-18
   days on market $159,900 Active 78 DOM
3. 2026-06-17
   days on market $159,900 Active 77 DOM
4. 2026-06-16
   days on market $159,900 Active 76 DOM
5. 2026-06-15
   days on market $159,900 Active 75 DOM
6. 2026-06-14
   days on market $159,900 Active 73 DOM
7. 2026-06-12
   pricedays on market $159,900 Active 72 DOM
8. 2026-06-09
   days on market $169,900 Active 69 DOM
9. 2026-06-08
   days on market $169,900 Active 68 DOM
10. 2026-06-07
    days on market $169,900 Active 67 DOM
11. 2026-06-05
    days on market $169,900 Active 64 DOM
12. 2026-06-03
    days on market $169,900 Active 63 DOM
13. 2026-06-02
    days on market $169,900 Active 62 DOM
14. 2026-06-01
    pricedays on market $169,900 Active 61 DOM
15. 2026-05-31
    days on market $179,900 Active 60 DOM
16. 2026-05-30
    days on market $179,900 Active 59 DOM
17. 2026-05-17
    price $187,900 991-char remark

    Show marketing remark (991 chars)

    LAKE FRONT FIXER UPPER ON LAKE SINCLAIR! Calling all renovators and bargain hunters… This property is a golden opportunity to build equity and redesign from the ground up. This approximately one-acre+/- lakefront lot offers the ultimate foundation for your dream retreat. Unlike many lake properties, this is fee simple ownership—you own the land outright. The existing 4-bedroom, 2-bathroom home is a fixer-upper in need of a full renovation, but the heavy lifting on the paperwork is done: the title is surrendered, classifying the double-wide home as permanent real property. Private platform dock in place. Whether you choose to gut and remodel the spacious 4BR layout or start fresh, the value is in the land, the infrastructure, and the rare absolute ownership with NO HOA! Great opportunity to obtain lakefront property at a bargain price tag! Home inspection report from 2022 on file, as well as receipts for plumbing and electrical. Sold as is, and priced accordingly.

18. 2026-05-17
    price $187,900

    Show marketing remark (991 chars)

    LAKE FRONT FIXER UPPER ON LAKE SINCLAIR! Calling all renovators and bargain hunters… This property is a golden opportunity to build equity and redesign from the ground up. This approximately one-acre+/- lakefront lot offers the ultimate foundation for your dream retreat. Unlike many lake properties, this is fee simple ownership—you own the land outright. The existing 4-bedroom, 2-bathroom home is a fixer-upper in need of a full renovation, but the heavy lifting on the paperwork is done: the title is surrendered, classifying the double-wide home as permanent real property. Private platform dock in place. Whether you choose to gut and remodel the spacious 4BR layout or start fresh, the value is in the land, the infrastructure, and the rare absolute ownership with NO HOA! Great opportunity to obtain lakefront property at a bargain price tag! Home inspection report from 2022 on file, as well as receipts for plumbing and electrical. Sold as is, and priced accordingly.

19. 2026-04-30
    price $189,900

    Show marketing remark (991 chars)

    LAKE FRONT FIXER UPPER ON LAKE SINCLAIR! Calling all renovators and bargain hunters… This property is a golden opportunity to build equity and redesign from the ground up. This approximately one-acre+/- lakefront lot offers the ultimate foundation for your dream retreat. Unlike many lake properties, this is fee simple ownership—you own the land outright. The existing 4-bedroom, 2-bathroom home is a fixer-upper in need of a full renovation, but the heavy lifting on the paperwork is done: the title is surrendered, classifying the double-wide home as permanent real property. Private platform dock in place. Whether you choose to gut and remodel the spacious 4BR layout or start fresh, the value is in the land, the infrastructure, and the rare absolute ownership with NO HOA! Great opportunity to obtain lakefront property at a bargain price tag! Home inspection report from 2022 on file, as well as receipts for plumbing and electrical. Sold as is, and priced accordingly.

20. 2026-04-30
    price $189,900 991-char remark

    Show marketing remark (991 chars)

    LAKE FRONT FIXER UPPER ON LAKE SINCLAIR! Calling all renovators and bargain hunters… This property is a golden opportunity to build equity and redesign from the ground up. This approximately one-acre+/- lakefront lot offers the ultimate foundation for your dream retreat. Unlike many lake properties, this is fee simple ownership—you own the land outright. The existing 4-bedroom, 2-bathroom home is a fixer-upper in need of a full renovation, but the heavy lifting on the paperwork is done: the title is surrendered, classifying the double-wide home as permanent real property. Private platform dock in place. Whether you choose to gut and remodel the spacious 4BR layout or start fresh, the value is in the land, the infrastructure, and the rare absolute ownership with NO HOA! Great opportunity to obtain lakefront property at a bargain price tag! Home inspection report from 2022 on file, as well as receipts for plumbing and electrical. Sold as is, and priced accordingly.

21. 2026-04-17
    price $194,900

    Show marketing remark (991 chars)

    LAKE FRONT FIXER UPPER ON LAKE SINCLAIR! Calling all renovators and bargain hunters… This property is a golden opportunity to build equity and redesign from the ground up. This approximately one-acre+/- lakefront lot offers the ultimate foundation for your dream retreat. Unlike many lake properties, this is fee simple ownership—you own the land outright. The existing 4-bedroom, 2-bathroom home is a fixer-upper in need of a full renovation, but the heavy lifting on the paperwork is done: the title is surrendered, classifying the double-wide home as permanent real property. Private platform dock in place. Whether you choose to gut and remodel the spacious 4BR layout or start fresh, the value is in the land, the infrastructure, and the rare absolute ownership with NO HOA! Great opportunity to obtain lakefront property at a bargain price tag! Home inspection report from 2022 on file, as well as receipts for plumbing and electrical. Sold as is, and priced accordingly.

22. 2026-04-17
    price $194,900 991-char remark

    Show marketing remark (991 chars)

    LAKE FRONT FIXER UPPER ON LAKE SINCLAIR! Calling all renovators and bargain hunters… This property is a golden opportunity to build equity and redesign from the ground up. This approximately one-acre+/- lakefront lot offers the ultimate foundation for your dream retreat. Unlike many lake properties, this is fee simple ownership—you own the land outright. The existing 4-bedroom, 2-bathroom home is a fixer-upper in need of a full renovation, but the heavy lifting on the paperwork is done: the title is surrendered, classifying the double-wide home as permanent real property. Private platform dock in place. Whether you choose to gut and remodel the spacious 4BR layout or start fresh, the value is in the land, the infrastructure, and the rare absolute ownership with NO HOA! Great opportunity to obtain lakefront property at a bargain price tag! Home inspection report from 2022 on file, as well as receipts for plumbing and electrical. Sold as is, and priced accordingly.

23. 2026-04-01
    listed $199,900 Active
24. 2026-03-31
    listed $199,900 Active 991-char remark

    Show marketing remark (991 chars)

    LAKE FRONT FIXER UPPER ON LAKE SINCLAIR! Calling all renovators and bargain hunters… This property is a golden opportunity to build equity and redesign from the ground up. This approximately one-acre+/- lakefront lot offers the ultimate foundation for your dream retreat. Unlike many lake properties, this is fee simple ownership—you own the land outright. The existing 4-bedroom, 2-bathroom home is a fixer-upper in need of a full renovation, but the heavy lifting on the paperwork is done: the title is surrendered, classifying the double-wide home as permanent real property. Private platform dock in place. Whether you choose to gut and remodel the spacious 4BR layout or start fresh, the value is in the land, the infrastructure, and the rare absolute ownership with NO HOA! Great opportunity to obtain lakefront property at a bargain price tag! Home inspection report from 2022 on file, as well as receipts for plumbing and electrical. Sold as is, and priced accordingly.

25. 2022-09-28
    soldstatus $105,000
26. 2022-09-08
    soldstatus $105,000
27. 2022-09-08
    soldstatus $105,000 Sold
28. 2022-08-26
    status Under Contract
29. 2022-08-26
    listed $115,000
30. 2022-08-19
    listed $115,000 New
31. 2014-02-11
    soldstatus $90,400

ⓘ 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: $998 · $83/mo
• Projected year-2 tax: $1,471 · $123/mo
• Expected delta: +$473/yr (+$39/mo · 47.4%)

ⓘ 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 6/10 Major 7 d/yr ≥108°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 48% 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: $30,293
• − Mortgage interest: −$8,957
• − Property taxes: −$998
• − Insurance: −$800
• − Repairs & maintenance: −$2,423
• − Management: −$2,423
• − Depreciation: −$4,652
• Taxable income: $10,040
• Est. tax owed @ 24.0%: −$2,410
• After-tax cash flow: $9,662/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 — Crooked Creek

• Score: 39/100
• State rank: #613
• US rank: #27435

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Putnam County · 21,601 people
• 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

+107.9% since first listed

15 events — show timeline

• 2026-05-17 Price Changed $187,900 FMLS
• 2026-05-17 Price Changed $187,900 NEGBOR
• 2026-04-30 Price Changed $189,900 NEGBOR
• 2026-04-30 Price Changed $189,900 FMLS
• 2026-04-17 Price Changed $194,900 NEGBOR
• 2026-04-17 Price Changed $194,900 FMLS
• 2026-04-01 Listed $199,900 NEGBOR
• 2026-03-31 Listed $199,900 FMLS
• 2022-09-28 Sold (Public Records) $105,000 Public Records
• 2022-09-08 Sold (MLS) $105,000 GAMLS
• 2022-09-08 Sold (MLS) $105,000 LCBR
• 2022-08-26 Pending — GAMLS
• 2022-08-26 Listed $115,000 LCBR
• 2022-08-19 Listed $115,000 GAMLS
• 2014-02-11 Sold (Public Records) $90,400 Public Records

Property tax history

+0.6%/yr

Latest (2025): $998 · +11.5% YoY. Source: county tax records.