2340 Chestnut Log Loop · Lithia Springs, GA 30122

$190,000

3 bd · 1.5 ba · 1,648 sqft · SingleFamily public records · 20 Days on market

Built 1974 0.52 ac lot Est $282k · 33% 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 +20.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +4.8/10.0
• Livability +3.1/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This brick ranch at 2340 Chestnut Log Loop sits on a spacious half-acre lot surrounded by mature trees, offering privacy, space, and endless potential. Featuring a carport, large front yard, and solid footprint, this fixer-upper is ready for your vision. Perfect opportunity for investors or buyers looking to renovate and build equity. Convenient location with easy access to major roads, shopping, and dining. Priced at $190,000 and being sold as-is! Bring your ideas and make it shine!

Key facts

• Large front yard
• Carport
• Convenient location

Tags

• BRICK RANCH
• SPACIOUS HALF-ACRE LOT
• MATURE TREES
• CARPORT
• LARGE FRONT YARD
• CONVENIENT LOCATION

Property features AI

Finance

• Financial info: Single-unit property

Exterior

• Parking: Attached parking
• Utilities: Public water; Public sewer; Electricity available; Water available
• Home design: One-level home
• Construction: Brick construction; Composition roof; Block foundation; Property listed as fixer
• Exterior features: Fenced yard; Concrete road access; Easement road frontage; Directions: Use GPS

Interior

• Kitchen: Dishwasher
• Bedrooms: Master suite on the main level; Three main-level bedrooms
• Flooring: Carpet; Hardwood
• Bathrooms: One full bathroom; One half bathroom; One main-level full bathroom; One main-level half bathroom; Master bathroom: none (no special features listed)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Fireplace in the family room; No shared/common walls; Other interior features
• Laundry & utility: Laundry closet; Separate laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $259 ($3k/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 $187k (1.6% below list).
• Recommended offer: $187k (1.6% below list) — sets the bar for 1% rule.
• Cap rate 7.9% vs local median 4.6% in Lithia Springs — 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 62/100 on livability (#311 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, employment C-, amenities F.
• Douglas County (suburban): math 23% / reading 35% proficiency, ranked #92 of 174 in GA (top 53%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Sweetwater Elementary School (math 12% / reading 22%, grade F, #936 of 1,228 statewide, top 79%, 463 students, 85% FRL); Factory Shoals Middle School (math 11% / reading 29%, grade F, #349 of 470 statewide, top 75%, 840 students, 67% FRL); Lithia Springs Comprehensive High School (math 3% / reading 27%, grade F, #294 of 424 statewide, top 70%, 1,494 students, 71% FRL) — zoned schools average 74% FRL vs 53% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.7%/yr); 159 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 595 units permitted in Douglas County in 2024 (72 in 5+ unit buildings).
• This rent runs 32% of the median local income ($69k/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.
• Douglas County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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 $69k; list at $190k implies a 176% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $186,892 (1.6% below list)

Questions for the listing agent

1. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 0.98% ✗
• Cap rate: 7.93%
• Cash-on-cash: 5.83%
• DSCR: 1.26
• GRM: 8.5

CMA / ARV

• ARV (on-the-fly): $281,808
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2340 Chestnut Log Loop	0.00mi	3/1.5	1,648 (0%)	1mo	$190,000	$115	99
2275 Chestnut Log Loop	0.13mi	3/1.5	1,718 (+4%)	5mo	$177,000	$103	82
2212 Chestnut Log Loop	0.21mi	4/1.5 (+1)	1,520 (-8%)	9mo	$245,000	$161	64
2194 Chestnut Pl	0.36mi	3/2.0	1,510 (-8%)	8mo	$300,000	$199	60
2436 Falls River Dr	0.70mi	3/2.0	1,700 (+3%)	5mo	$250,000	$147	56
2105 Windy Oak Ct	0.49mi	3/2.5	1,478 (-10%)	10mo	$277,000	$187	48
3799 Sweetbriar Cir	0.71mi	3/2.0	1,538 (-7%)	8mo	$260,000	$169	47
3652 Sweetbriar Cir	0.58mi	3/2.0	1,450 (-12%)	5mo	$280,000	$193	46
2091 Chestnut Log Dr	0.43mi	3/2.0	1,400 (-15%)	9mo	$250,000	$179	45
2395 Park Ave	0.72mi	3/2.0	1,460 (-11%)	3mo	$250,000	$171	43
8661 Chestnut Ln	0.55mi	3/1.0	1,408 (-15%)	7mo	$210,000	$149	42
8673 Chestnut Ln	0.56mi	4/2.5 (+1)	1,408 (-15%)	10mo	$250,000	$178	32

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -10.5%
• Equity multiple: 0.63×
• Total profit: $-19,828
• Equity at exit: $28,330

10-year hold

• IRR: -5.8%
• Equity multiple: 0.67×
• Total profit: $-17,350
• Equity at exit: $16,428

Cash invested: $53,200 (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 30122

• Home prices YoY: -27.4%
• Rents YoY: -0.7%
• Active inventory: 159
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,869 high
• Mortgage (P&I): −$996
• Tax from tax record: −$142 /mo · $1,708/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $259

Break-even live

Break-even rent $1,542

Max offer price $190,000

Occupancy floor 81%

Sensitivity live

Price	-10% $366	-5% $312	+0% $259	+5% $205	+10% $151
Rent	-10% $111	-5% $185	+0% $259	+5% $332	+10% $406
Rate	-1.0pp $354	-0.5pp $307	base $259	+0.5pp $209	+1.0pp $159

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: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2182 Chestnut Log Loop Lithia Springs, GA	3.0	2.0	1480	$1,000	$0.68	24d	1	0.18mi
3564 Briar Dr Lithia Springs, GA	3.0	1.5	1075	$1,615	$1.50	45d	1	0.41mi
2427 Park Ave Lithia Springs, GA	3.0	2.0	1440	$1,661	$1.15	13d	1	0.72mi
2640 Trail Creek Cir Lithia Springs, GA	3.0	2.0	1152	$1,720	$1.49	5d	1	0.76mi
3715 Meadowview Dr Lithia Springs, GA	4.0	2.0	1400	$1,910	$1.36	13d	1	0.94mi
1705 Olde Oak Dr Lithia Springs, GA	3.0	2.0	1178	$1,651	$1.40	44d	1	0.95mi
1515 Olde Oak Dr Lithia Springs, GA	3.0	2.0	1182	$1,749	$1.48	3d	1	1.03mi
7850 Lee Rd Lithia Springs, GA	1.0–3.0	1.0–2.0	1179	$2,256	$1.91	1d	18	1.06mi
1820 Fairfax Dr Lithia Springs, GA	4.0	2.5	2200	$1,995	$0.91	24d	1	1.14mi
1521 Lee Rd Lithia Springs, GA	1.0–3.0	1.0–2.0	1002	$2,401	$2.40	1d	9	1.21mi
7703 Lee Rd Lithia Springs, GA	1.0–2.0	1.0–2.0	975	$1,639	$1.68	1d	22	1.45mi
2196 Stenger Rd Douglasville, GA	4.0	2.5	1900	$2,200	$1.16	19d	1	1.48mi

Listing history 14 events

1. 2026-05-12
   status Pending
2. 2026-05-07
   status Under Contract 488-char remark

   Show marketing remark (488 chars)

   This brick ranch at 2340 Chestnut Log Loop sits on a spacious half-acre lot surrounded by mature trees, offering privacy, space, and endless potential. Featuring a carport, large front yard, and solid footprint, this fixer-upper is ready for your vision. Perfect opportunity for investors or buyers looking to renovate and build equity. Convenient location with easy access to major roads, shopping, and dining. Priced at $190,000 and being sold as-is! Bring your ideas and make it shine!

3. 2026-05-07
   historical Active Under Contract

   Show marketing remark (488 chars)

   This brick ranch at 2340 Chestnut Log Loop sits on a spacious half-acre lot surrounded by mature trees, offering privacy, space, and endless potential. Featuring a carport, large front yard, and solid footprint, this fixer-upper is ready for your vision. Perfect opportunity for investors or buyers looking to renovate and build equity. Convenient location with easy access to major roads, shopping, and dining. Priced at $190,000 and being sold as-is! Bring your ideas and make it shine!

4. 2026-05-04
   status Back On Market 488-char remark

   Show marketing remark (488 chars)

   This brick ranch at 2340 Chestnut Log Loop sits on a spacious half-acre lot surrounded by mature trees, offering privacy, space, and endless potential. Featuring a carport, large front yard, and solid footprint, this fixer-upper is ready for your vision. Perfect opportunity for investors or buyers looking to renovate and build equity. Convenient location with easy access to major roads, shopping, and dining. Priced at $190,000 and being sold as-is! Bring your ideas and make it shine!

5. 2026-05-04
   status Active

   Show marketing remark (488 chars)

   This brick ranch at 2340 Chestnut Log Loop sits on a spacious half-acre lot surrounded by mature trees, offering privacy, space, and endless potential. Featuring a carport, large front yard, and solid footprint, this fixer-upper is ready for your vision. Perfect opportunity for investors or buyers looking to renovate and build equity. Convenient location with easy access to major roads, shopping, and dining. Priced at $190,000 and being sold as-is! Bring your ideas and make it shine!

6. 2026-04-30
   historical Active Under Contract 488-char remark

   Show marketing remark (488 chars)

   This brick ranch at 2340 Chestnut Log Loop sits on a spacious half-acre lot surrounded by mature trees, offering privacy, space, and endless potential. Featuring a carport, large front yard, and solid footprint, this fixer-upper is ready for your vision. Perfect opportunity for investors or buyers looking to renovate and build equity. Convenient location with easy access to major roads, shopping, and dining. Priced at $190,000 and being sold as-is! Bring your ideas and make it shine!

7. 2026-04-30
   historical Active Under Contract

   Show marketing remark (488 chars)

   This brick ranch at 2340 Chestnut Log Loop sits on a spacious half-acre lot surrounded by mature trees, offering privacy, space, and endless potential. Featuring a carport, large front yard, and solid footprint, this fixer-upper is ready for your vision. Perfect opportunity for investors or buyers looking to renovate and build equity. Convenient location with easy access to major roads, shopping, and dining. Priced at $190,000 and being sold as-is! Bring your ideas and make it shine!

8. 2026-04-21
   listed $190,000 Active

   Show marketing remark (488 chars)

   This brick ranch at 2340 Chestnut Log Loop sits on a spacious half-acre lot surrounded by mature trees, offering privacy, space, and endless potential. Featuring a carport, large front yard, and solid footprint, this fixer-upper is ready for your vision. Perfect opportunity for investors or buyers looking to renovate and build equity. Convenient location with easy access to major roads, shopping, and dining. Priced at $190,000 and being sold as-is! Bring your ideas and make it shine!

9. 2026-04-21
   listed $190,000 New 488-char remark

   Show marketing remark (488 chars)

   This brick ranch at 2340 Chestnut Log Loop sits on a spacious half-acre lot surrounded by mature trees, offering privacy, space, and endless potential. Featuring a carport, large front yard, and solid footprint, this fixer-upper is ready for your vision. Perfect opportunity for investors or buyers looking to renovate and build equity. Convenient location with easy access to major roads, shopping, and dining. Priced at $190,000 and being sold as-is! Bring your ideas and make it shine!

10. 1998-05-26
    soldstatus $68,900
11. 1998-05-26
    soldstatus $68,900
12. 1990-10-11
    soldstatus $53,400
13. 1990-01-16
    soldstatus $52,900
14. 1983-04-22
    soldstatus $37,900

ⓘ 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: $1,708 · $142/mo
• Projected year-2 tax: $1,748 · $146/mo
• Expected delta: +$40/yr (+$3/mo · 2.3%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 23% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,427
• − Mortgage interest: −$10,643
• − Property taxes: −$1,708
• − Insurance: −$950
• − Repairs & maintenance: −$1,794
• − Management: −$1,794
• − Depreciation: −$5,527
• Taxable income: $10
• Est. tax owed @ 24.0%: −$3
• After-tax cash flow: $3,100/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: Douglas County
• NCES district ID: 1301860
• Math proficiency: 23% ▼ -16.00%
• Reading proficiency: 35% ▼ -11.00%
• Median HH income: $55,335
• Composite: 25.84/100
• National rank: #7353
• State rank: #92 of 174 in GA

Livability — Lithia Springs

• Score: 62/100
• State rank: #311
• US rank: #16881

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Douglas County · 141,416 people
• City population: 27,036
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 27,036
• Household income: $69,257
• Rent vs Own: 52.2% rent · 47.8% own
• Severe rent burden: 835.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 163,022 people
• By 2030: 173,956 · +6.7%
• By 2040: 196,859 · +20.8%
• By 2050: 220,017 · +35.0%
• By 2075: 279,831 · +71.7%
• By 2100: 322,702 · +97.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Black 53% White 21% Hispanic / Latino 21% Two or more races 10% Asian 2%
• Hispanic origin (detail): Mexican 18%
• Common ancestry: Hispanic 1% Swedish 1% Romanian 1%
• Foreign-born: 15% · Canada
• Languages at home: 75% English-only · Spanish 18% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Douglas

• 2024 margin: Solid D (+31.4) · D 65.4% · R 33.9%
• 2008→2024 swing: +29.6pp toward D · 2008: 1.8pp · 2024: 31.4pp
• All cycles: 2024: D+31.4 2020: D+25.1 2016: D+10.8 2012: D+4.0 2008: D+1.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -88.34%
• Current HPI: 233.5045
• Rent YoY: ▼ -0.67%
• 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

+401.3% since first listed

14 events — show timeline

• 2026-05-12 Pending — FMLS
• 2026-05-07 Pending — GAMLS
• 2026-05-07 Contingent — FMLS
• 2026-05-04 Relisted — GAMLS
• 2026-05-04 Relisted — FMLS
• 2026-04-30 Contingent — GAMLS
• 2026-04-30 Contingent — FMLS
• 2026-04-21 Listed $190,000 GAMLS
• 2026-04-21 Listed $190,000 FMLS
• 1998-05-26 Sold (Public Records) $68,900 Public Records
• 1998-05-26 Sold (Public Records) $68,900 Public Records
• 1990-10-11 Sold (Public Records) $53,400 Public Records
• 1990-01-16 Sold (Public Records) $52,900 Public Records
• 1983-04-22 Sold (Public Records) $37,900 Public Records

Property tax history

+3.7%/yr

Latest (2025): $1,708 · -1.4% YoY. Source: county tax records.