205 Pineknoll Ct · Stonecrest, GA 30294

$229,900

3 bd · 2.0 ba · 2,107 sqft · SingleFamily public records · 107 Days on market

Built 1992 2,308 sqft lot $109/sqft · 24% below area Est $303k · 24% under

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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 +21.0/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.8/10.0
• Rent growth +3.6/5.0
• Schools +2.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 2,120 sq. ft. split-foyer residence in the established Twin Pines community offers a spacious and versatile floor plan on a 0.053-acre cul-de-sac lot. The upper level features an open living and dining area with vaulted ceilings and a focal-point fireplace, flowing into an updated kitchen with tile flooring and included appliances. The primary suite serves as a private retreat with an ensuite bath, accompanied by two additional well-proportioned bedrooms. The lower level adds significant value with a fourth bedroom, laundry closet, half bath and a large family room. Exterior amenities include a two-car attached garage and a rear deck perfect for outdoor activities overlooking the expansive, level backyard. Conveniently located near Fairview Road shopping and I-675, this home combines generous living space with a quiet suburban setting in the Henry County school district

Key facts

• Large family room
• Primary suite
• Ensuite bath

Tags

• SPLIT-FOYER RESIDENCE
• OPEN LIVING AND DINING AREA
• UPDATED KITCHEN
• PRIMARY SUITE
• ENSUITE BATH
• LARGE FAMILY ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $323 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $230k).
• Recommended offer: $209k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 5.1% in Stonecrest — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Henry County (rural): math 24% / reading 33% proficiency, ranked #89 of 174 in GA (top 51%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+4.6%/yr); 244 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,989 units permitted in Henry County in 2024 (92 in 5+ unit buildings).
• This rent runs 37% 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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Henry 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 107 days — a 9% lower offer ($209k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $139k; list at $230k implies a 65% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 26% 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 $209,209 (9.0% below list)

Questions for the listing agent

1. It's been on market 107 days. Have you received any prior offers? Is the seller open to a 9% 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. 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.
5. 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.
6. 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: 1.08% ✓
• Cap rate: 7.98%
• Cash-on-cash: 6.02%
• DSCR: 1.27
• GRM: 7.7

CMA / ARV

• ARV (median comp): $303,056
• List price: $229,900
• Delta: -24.14%
• 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
1305 Austin Rd	0.32mi	3/2.5	2,276 (+8%)	1mo	$284,000	$125	69
963 Blackberry Ct	0.62mi	4/2.5 (+1)	2,100 (-0%)	3mo	$169,900	$81	61
30 Court S	0.52mi	3/2.0	2,020 (-4%)	11mo	$280,500	$139	60
353 Chateauguay Dr	0.29mi	3/2.5	2,284 (+8%)	14mo	$310,000	$136	59
384 Chateauguay Dr	0.17mi	3/3.0	2,332 (+11%)	16mo	$325,000	$139	57
907 Strawberry Ct	0.65mi	3/2.0	1,937 (-8%)	5mo	$272,000	$140	52
107 S Circle Dr	0.72mi	4/2.5 (+1)	2,188 (+4%)	6mo	$249,000	$114	48
1101 Strawberry Ln	0.56mi	3/2.0	1,924 (-9%)	19mo	$257,500	$134	43
1027 Strawberry Ln	0.62mi	4/2.5 (+1)	1,969 (-6%)	14mo	$305,000	$155	42
1098 Strawberry Ln	0.53mi	3/2.0	1,812 (-14%)	22mo	$333,000	$184	33
1015 Strawberry Ln	0.72mi	3/2.0	1,827 (-13%)	17mo	$256,000	$140	30
320 Church Rd	0.63mi	3/2.5	1,838 (-13%)	23mo	$340,000	$185	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: -5.2%
• Equity multiple: 0.80×
• Total profit: $-12,660
• Equity at exit: $34,279

10-year hold

• IRR: 6.3%
• Equity multiple: 1.50×
• Total profit: $32,479
• Equity at exit: $19,878

Cash invested: $64,372 (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: 244
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,479 high
• Mortgage (P&I): −$1,206
• Tax from tax record: −$334 /mo · $4,007/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$521
• Net cashflow: $323

Break-even live

Break-even rent $2,070

Max offer price $229,900

Occupancy floor 82%

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
85 Wilhelmina Dr Ellenwood, GA	3.0	2.0	1600	$4,900	$3.06	43d	1	0.78mi
65 Juliana Dr Ellenwood, GA	4.0	2.5	2000	$5,200	$2.60	43d	1	0.93mi
135 Stratmore Pl Stockbridge, GA	4.0	2.5	2791	$2,705	$0.97	18d	1	0.99mi
4910 Brookstone Pkwy Ellenwood, GA	4.0	3.0	1728	$1,995	$1.15	1d	1	1.15mi
118 Gabion Loop Ellenwood, GA	4.0	2.5	2564	$2,500	$0.98	24d	1	1.17mi
3971 Brookstone Ct Ellenwood, GA	4.0	2.5	1891	$2,256	$1.19	5d	1	1.21mi
103 Parkview Dr Stockbridge, GA	4.0	2.5	2265	$2,460	$1.09	1d	1	1.44mi

Listing history 22 events

1. 2026-06-18
   days on market $229,900 Active 107 DOM
2. 2026-06-17
   days on market $229,900 Active 106 DOM
3. 2026-06-16
   days on market $229,900 Active 105 DOM
4. 2026-06-15
   statusdays on market $229,900 Active 104 DOM
5. 2026-06-13
   pricestatusdays on market $229,900 Price Change 102 DOM
6. 2026-06-10
   status $239,900 Back On Market 98 DOM
7. 2026-06-09
   days on market $239,900 Active Under Contract 98 DOM
8. 2026-06-08
   days on market $239,900 Active Under Contract 97 DOM
9. 2026-06-07
   days on market $239,900 Active Under Contract 96 DOM
10. 2026-06-04
    days on market $239,900 Active Under Contract 93 DOM
11. 2026-06-03
    days on market $239,900 Active Under Contract 92 DOM
12. 2026-06-02
    days on market $239,900 Active Under Contract 91 DOM
13. 2026-06-01
    days on market $239,900 Active Under Contract 90 DOM
14. 2026-05-31
    days on market $239,900 Active Under Contract 89 DOM
15. 2026-05-19
    historical Active Under Contract 887-char remark

    Show marketing remark (887 chars)

    This 2,120 sq. ft. split-foyer residence in the established Twin Pines community offers a spacious and versatile floor plan on a 0.053-acre cul-de-sac lot. The upper level features an open living and dining area with vaulted ceilings and a focal-point fireplace, flowing into an updated kitchen with tile flooring and included appliances. The primary suite serves as a private retreat with an ensuite bath, accompanied by two additional well-proportioned bedrooms. The lower level adds significant value with a fourth bedroom, laundry closet, half bath and a large family room. Exterior amenities include a two-car attached garage and a rear deck perfect for outdoor activities overlooking the expansive, level backyard. Conveniently located near Fairview Road shopping and I-675, this home combines generous living space with a quiet suburban setting in the Henry County school district

16. 2026-05-09
    price $239,900 887-char remark

    Show marketing remark (887 chars)

    This 2,120 sq. ft. split-foyer residence in the established Twin Pines community offers a spacious and versatile floor plan on a 0.053-acre cul-de-sac lot. The upper level features an open living and dining area with vaulted ceilings and a focal-point fireplace, flowing into an updated kitchen with tile flooring and included appliances. The primary suite serves as a private retreat with an ensuite bath, accompanied by two additional well-proportioned bedrooms. The lower level adds significant value with a fourth bedroom, laundry closet, half bath and a large family room. Exterior amenities include a two-car attached garage and a rear deck perfect for outdoor activities overlooking the expansive, level backyard. Conveniently located near Fairview Road shopping and I-675, this home combines generous living space with a quiet suburban setting in the Henry County school district

17. 2026-04-17
    price $244,900 887-char remark

    Show marketing remark (887 chars)

    This 2,120 sq. ft. split-foyer residence in the established Twin Pines community offers a spacious and versatile floor plan on a 0.053-acre cul-de-sac lot. The upper level features an open living and dining area with vaulted ceilings and a focal-point fireplace, flowing into an updated kitchen with tile flooring and included appliances. The primary suite serves as a private retreat with an ensuite bath, accompanied by two additional well-proportioned bedrooms. The lower level adds significant value with a fourth bedroom, laundry closet, half bath and a large family room. Exterior amenities include a two-car attached garage and a rear deck perfect for outdoor activities overlooking the expansive, level backyard. Conveniently located near Fairview Road shopping and I-675, this home combines generous living space with a quiet suburban setting in the Henry County school district

18. 2026-04-10
    price $249,900 887-char remark

    Show marketing remark (887 chars)

    This 2,120 sq. ft. split-foyer residence in the established Twin Pines community offers a spacious and versatile floor plan on a 0.053-acre cul-de-sac lot. The upper level features an open living and dining area with vaulted ceilings and a focal-point fireplace, flowing into an updated kitchen with tile flooring and included appliances. The primary suite serves as a private retreat with an ensuite bath, accompanied by two additional well-proportioned bedrooms. The lower level adds significant value with a fourth bedroom, laundry closet, half bath and a large family room. Exterior amenities include a two-car attached garage and a rear deck perfect for outdoor activities overlooking the expansive, level backyard. Conveniently located near Fairview Road shopping and I-675, this home combines generous living space with a quiet suburban setting in the Henry County school district

19. 2026-03-17
    status Back On Market 887-char remark

    Show marketing remark (887 chars)

    This 2,120 sq. ft. split-foyer residence in the established Twin Pines community offers a spacious and versatile floor plan on a 0.053-acre cul-de-sac lot. The upper level features an open living and dining area with vaulted ceilings and a focal-point fireplace, flowing into an updated kitchen with tile flooring and included appliances. The primary suite serves as a private retreat with an ensuite bath, accompanied by two additional well-proportioned bedrooms. The lower level adds significant value with a fourth bedroom, laundry closet, half bath and a large family room. Exterior amenities include a two-car attached garage and a rear deck perfect for outdoor activities overlooking the expansive, level backyard. Conveniently located near Fairview Road shopping and I-675, this home combines generous living space with a quiet suburban setting in the Henry County school district

20. 2026-03-10
    status Under Contract 887-char remark

    Show marketing remark (887 chars)

    This 2,120 sq. ft. split-foyer residence in the established Twin Pines community offers a spacious and versatile floor plan on a 0.053-acre cul-de-sac lot. The upper level features an open living and dining area with vaulted ceilings and a focal-point fireplace, flowing into an updated kitchen with tile flooring and included appliances. The primary suite serves as a private retreat with an ensuite bath, accompanied by two additional well-proportioned bedrooms. The lower level adds significant value with a fourth bedroom, laundry closet, half bath and a large family room. Exterior amenities include a two-car attached garage and a rear deck perfect for outdoor activities overlooking the expansive, level backyard. Conveniently located near Fairview Road shopping and I-675, this home combines generous living space with a quiet suburban setting in the Henry County school district

21. 2026-02-24
    listed $259,900 New 887-char remark

    Show marketing remark (887 chars)

    This 2,120 sq. ft. split-foyer residence in the established Twin Pines community offers a spacious and versatile floor plan on a 0.053-acre cul-de-sac lot. The upper level features an open living and dining area with vaulted ceilings and a focal-point fireplace, flowing into an updated kitchen with tile flooring and included appliances. The primary suite serves as a private retreat with an ensuite bath, accompanied by two additional well-proportioned bedrooms. The lower level adds significant value with a fourth bedroom, laundry closet, half bath and a large family room. Exterior amenities include a two-car attached garage and a rear deck perfect for outdoor activities overlooking the expansive, level backyard. Conveniently located near Fairview Road shopping and I-675, this home combines generous living space with a quiet suburban setting in the Henry County school district

22. 2003-03-10
    soldstatus $139,000

ⓘ 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: $4,007 · $334/mo
• Projected year-2 tax: $4,007 · $334/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 5/10 Major 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,748
• − Mortgage interest: −$12,878
• − Property taxes: −$4,007
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,380
• − Management: −$2,380
• − Depreciation: −$6,688
• Taxable income: $266
• Est. tax owed @ 24.0%: −$64
• After-tax cash flow: $3,813/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: Henry County
• NCES district ID: 1302820
• Math proficiency: 24% ▼ -9.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $62,594
• Composite: 26.13/100
• National rank: #7279
• State rank: #89 of 174 in GA

Livability — Stonecrest

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Henry County · 316,359 people
• City population: 106,165
• 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 (Henry County) Hauer SSP2

• Today (2025): 249,041 people
• By 2030: 264,369 · +6.2%
• By 2040: 294,459 · +18.2%
• By 2050: 322,249 · +29.4%
• By 2075: 392,310 · +57.5%
• By 2100: 437,836 · +75.8%

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 · Henry

• 2024 margin: Strong D (+29.7) · D 64.5% · R 34.9%
• 2008→2024 swing: +37.1pp toward D · 2008: -7.5pp · 2024: 29.7pp
• All cycles: 2024: D+29.7 2020: D+20.5 2016: D+4.3 2012: R+3.2 2008: R+7.5

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

+72.6% since first listed

8 events — show timeline

• 2026-05-19 Contingent — GAMLS
• 2026-05-09 Price Changed $239,900 GAMLS
• 2026-04-17 Price Changed $244,900 GAMLS
• 2026-04-10 Price Changed $249,900 GAMLS
• 2026-03-17 Relisted — GAMLS
• 2026-03-10 Pending — GAMLS
• 2026-02-24 Listed $259,900 GAMLS
• 2003-03-10 Sold (Public Records) $139,000 Public Records

Property tax history

+4.8%/yr

Latest (2025): $4,007 · -0.5% YoY. Source: county tax records.