3871 Highway 17 · Canon, GA 30520

$200,000

3 bd · 2.0 ba · 924 sqft · Manufactured public records · 64 Days on market

Built 1965 0.50 ac lot $216/sqft · 13% above area Est $202k · at est.

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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).

• Appreciation +10.0/10.0
• Cash flow +8.0/30.0
• ARV discount +7.9/15.0
• Livability +3.3/5.0
• Schools +3.0/10.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0

Listing remarks MLS

Charming, fully renovated 3-bedroom, 1.5-bath home offering 1,050 sq ft of stylish, low-maintenance living! Every inch of this property has been thoughtfully updated, including a brand-new kitchen, durable LVP flooring throughout, and fresh interior and exterior paint. Major system upgrades provide peace of mind with all-new wiring, plumbing, roof, and HVAC-making this home truly move-in ready. Perfect for first-time buyers or those looking to downsize, this home delivers modern comfort at an affordable price point that's hard to find. Conveniently located near both Canon and Royston, you'll enjoy small-town charm with easy access to nearby amenities. Don't miss this incredible opportunity-homes like this at this price don't last long. Schedule your showing today before it's gone!

Key facts

• Fully renovated
• All-new wiring
• Brand-new kitchen

Tags

• FULLY RENOVATED
• BRAND-NEW KITCHEN
• DURABLE LVP FLOORING
• ALL-NEW WIRING
• ALL-NEW PLUMBING
• NEW ROOF

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $200k.

Deal economics

• At list price, monthly cash flow is $-202 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $171k (14.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $149k (25.3% below list).
• Recommended offer: $149k (25.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#189 in GA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Franklin County (rural): math 38% / reading 35% proficiency, ranked #61 of 174 in GA (top 35%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 27 active listings in the ZIP; 163 units permitted in Franklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $21k of equity ($1k loan paydown + $20k appreciation (10.0% local appreciation)).
• By year 2, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $19k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $66k; list at $200k implies a 203% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,426 (25.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
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: 0.75% ✗
• Cap rate: 5.08%
• Cash-on-cash: -4.32%
• DSCR: 0.81
• GRM: 11.2

CMA / ARV

• ARV (median comp): $202,003
• List price: $200,000
• Delta: -0.99%
• Verdict: FAIR
• Comps: 20 within 2.0 mi

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.2%
• Equity multiple: 2.72×
• Total profit: $96,102
• Equity at exit: $180,176

10-year hold

• IRR: 19.2%
• Equity multiple: 6.23×
• Total profit: $293,152
• Equity at exit: $388,556

Cash invested: $56,000 (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 30520

• Home prices YoY: 9.0%
• Active inventory: 27
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $1,494 medium
• Mortgage (P&I): −$1,049
• Tax est. 1.5%: −$250 /mo · $3,000/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$314
• Net cashflow: $-202

Break-even live

Break-even rent $1,750

Max offer price $170,815

Occupancy floor —

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   statusdays on market $200,000 Active 64 DOM
2. 2026-06-18
   days on market $200,000 Price Change 63 DOM
3. 2026-06-17
   days on market $200,000 Price Change 62 DOM
4. 2026-06-17
   pricestatus $200,000 Price Change 61 DOM
5. 2026-06-16
   days on market $207,500 Active 61 DOM
6. 2026-06-15
   days on market $207,500 Active 60 DOM
7. 2026-06-14
   days on market $207,500 Active 58 DOM
8. 2026-06-12
   days on market $207,500 Active 57 DOM
9. 2026-06-09
   days on market $207,500 Active 54 DOM
10. 2026-06-08
    days on market $207,500 Active 53 DOM
11. 2026-06-07
    days on market $207,500 Active 52 DOM
12. 2026-06-07
    days on market $207,500 Active 51 DOM
13. 2026-06-03
    days on market $207,500 Active 48 DOM
14. 2026-06-02
    days on market $207,500 Active 47 DOM
15. 2026-06-01
    days on market $207,500 Active 46 DOM
16. 2026-05-31
    days on market $207,500 Active 45 DOM
17. 2026-05-31
    days on market $207,500 Active 44 DOM
18. 2026-05-11
    price $207,500 791-char remark

    Show marketing remark (791 chars)

    Charming, fully renovated 3-bedroom, 1.5-bath home offering 1,050 sq ft of stylish, low-maintenance living! Every inch of this property has been thoughtfully updated, including a brand-new kitchen, durable LVP flooring throughout, and fresh interior and exterior paint. Major system upgrades provide peace of mind with all-new wiring, plumbing, roof, and HVAC-making this home truly move-in ready. Perfect for first-time buyers or those looking to downsize, this home delivers modern comfort at an affordable price point that's hard to find. Conveniently located near both Canon and Royston, you'll enjoy small-town charm with easy access to nearby amenities. Don't miss this incredible opportunity-homes like this at this price don't last long. Schedule your showing today before it's gone!

19. 2026-04-22
    price $214,900 791-char remark

    Show marketing remark (791 chars)

    Charming, fully renovated 3-bedroom, 1.5-bath home offering 1,050 sq ft of stylish, low-maintenance living! Every inch of this property has been thoughtfully updated, including a brand-new kitchen, durable LVP flooring throughout, and fresh interior and exterior paint. Major system upgrades provide peace of mind with all-new wiring, plumbing, roof, and HVAC-making this home truly move-in ready. Perfect for first-time buyers or those looking to downsize, this home delivers modern comfort at an affordable price point that's hard to find. Conveniently located near both Canon and Royston, you'll enjoy small-town charm with easy access to nearby amenities. Don't miss this incredible opportunity-homes like this at this price don't last long. Schedule your showing today before it's gone!

20. 2026-04-10
    listed $218,900 New 791-char remark

    Show marketing remark (791 chars)

    Charming, fully renovated 3-bedroom, 1.5-bath home offering 1,050 sq ft of stylish, low-maintenance living! Every inch of this property has been thoughtfully updated, including a brand-new kitchen, durable LVP flooring throughout, and fresh interior and exterior paint. Major system upgrades provide peace of mind with all-new wiring, plumbing, roof, and HVAC-making this home truly move-in ready. Perfect for first-time buyers or those looking to downsize, this home delivers modern comfort at an affordable price point that's hard to find. Conveniently located near both Canon and Royston, you'll enjoy small-town charm with easy access to nearby amenities. Don't miss this incredible opportunity-homes like this at this price don't last long. Schedule your showing today before it's gone!

21. 2026-01-30
    soldstatus $66,000 Sold 285-char remark

    Show marketing remark (285 chars)

    Welcome to your new renovation project in Canon Ga. This home features a new roof and new HV/AC. Come check it out and put some money in your pocket today! Ask your realtor about resale value after repairs. There is a big field in the back so you will never have neighbors in the back.

22. 2026-01-22
    status Under Contract 285-char remark

    Show marketing remark (285 chars)

    Welcome to your new renovation project in Canon Ga. This home features a new roof and new HV/AC. Come check it out and put some money in your pocket today! Ask your realtor about resale value after repairs. There is a big field in the back so you will never have neighbors in the back.

23. 2026-01-10
    listed $81,000 New 285-char remark

    Show marketing remark (285 chars)

    Welcome to your new renovation project in Canon Ga. This home features a new roof and new HV/AC. Come check it out and put some money in your pocket today! Ask your realtor about resale value after repairs. There is a big field in the back so you will never have neighbors in the back.

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

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 ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,931
• − Mortgage interest: −$11,203
• − Property taxes: −$3,000
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,434
• − Management: −$1,434
• − Depreciation: −$5,818
• Taxable loss: −$5,959
• Est. tax savings @ 24.0%: +$1,430
• After-tax cash flow: $-990/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: Franklin County
• NCES district ID: 1302250
• Math proficiency: 38% ▼ -1.00%
• Reading proficiency: 35% ▼ -3.00%
• Median HH income: $35,985
• Composite: 30.28/100
• National rank: #6281
• State rank: #61 of 174 in GA

Livability — Canon

• Score: 66/100
• State rank: #189
• US rank: #11742

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,617

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 22,625 people
• By 2030: 22,725 · +0.4%
• By 2040: 22,806 · +0.8%
• By 2050: 22,713 · +0.4%
• By 2075: 22,514 · -0.5%
• By 2100: 20,768 · -8.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 12% Two or more races 4%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Slovak 3% Hungarian 1% Portuguese 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 8%

Political lean MEDSL · Franklin

• 2024 margin: Solid R (+72.6) · D 13.6% · R 86.2%
• 2008→2024 swing: -21.1pp toward R · 2008: -51.5pp · 2024: -72.6pp
• All cycles: 2024: R+72.6 2020: R+69.5 2016: R+68.6 2012: R+59.5 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 29.72%
• Current HPI: 361.1507
• Rent YoY: —
• Metro: —
• 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

+156.2% since first listed

6 events — show timeline

• 2026-05-11 Price Changed $207,500 GAMLS
• 2026-04-22 Price Changed $214,900 GAMLS
• 2026-04-10 Listed $218,900 GAMLS
• 2026-01-30 Sold (MLS) $66,000 GAMLS
• 2026-01-22 Pending — GAMLS
• 2026-01-10 Listed $81,000 GAMLS

Property tax history

+125.7%/yr

Latest (2025): $199 · +125.7% YoY. Source: county tax records.