108 Mallory Drive Dr · Varnell, GA 30721

$1,100

2 bd · 2.0 ba · 1,808 sqft · MultiFamily public records · 93 Days on market

Built 1987

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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).

• Cash flow +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

FOR RENT ! Spacious 2-bedroom, 1 full bath home available in Dalton. Features a large living room and a back porch/patio area. Exterior maintenance is included for easy living, as well as washer/ dryer. PETS ARE WELCOME , and credit is not required.

Key facts

• Washer dryer
• Large living room
• Listed 92 days

Tags

• LARGE LIVING ROOM
• BACK PORCH PATIO AREA
• EXTERIOR MAINTENANCE INCLUDED
• WASHER DRYER

🏷️ Possibly a rental listed for sale. The $1,100 price doesn't fit this home's estimated sale value (~$203,653) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath multifamily listed at $1k.

Deal economics

• At list price, monthly cash flow is $2k ($22k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $1k).
• Recommended offer: $1k (9.0% below list) — sets the bar for market timing.
• Cap rate 2006.9% vs local median 2.5% in Varnell — 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 64/100 on livability (#276 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.
• Whitfield County (rural): math 37% / reading 34% proficiency, ranked #62 of 174 in GA (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 384 active listings in the ZIP; 374 units permitted in Whitfield County in 2024 (35 in 5+ unit buildings).
• At $2,331/mo this rent would consume 45% of the median local household income ($62k/yr) (locally 1156% 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 $8 of loan paydown is wiped out by about $33 of value loss. Plan a longer hold.
• Whitfield County population projected at +3% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $308 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($1k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y ago; this cycle's ask has dropped $100 (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,001 (9.0% below list)

Questions for the listing agent

1. It's been on market 93 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. 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. 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?
6. 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.
7. 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.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 211.91% ✓
• Cap rate: 2006.90%
• Cash-on-cash: 7145.02%
• DSCR: 318.91
• GRM: 0.0

CMA / ARV

• ARV (median comp): $203,653
• List price: $1,100
• Delta: -99.46%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: —
• Equity multiple: 379.76×
• Total profit: $116,658
• Equity at exit: $164

10-year hold

• IRR: —
• Equity multiple: 819.59×
• Total profit: $252,127
• Equity at exit: $95

Cash invested: $308 (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 30721

• Active inventory: 384
• Price-to-rent: 0.1×

Monthly cashflow live

• Estimated rent: $2,331 medium
• Mortgage (P&I): −$6
• Tax est. 1.5%: −$1 /mo · $16/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$490
• Net cashflow: $1,834

Break-even live

Break-even rent $10

Max offer price $1,100

Occupancy floor 16%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$2,332
Total (2 units)			$2,331

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: $275
• Closing costs: $33
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-19
   days on market $1,100 Active 93 DOM
2. 2026-06-18
   days on market $1,100 Active 92 DOM
3. 2026-06-17
   days on market $1,100 Active 91 DOM
4. 2026-06-16
   days on market $1,100 Active 90 DOM
5. 2026-06-15
   days on market $1,100 Active 89 DOM
6. 2026-06-14
   days on market $1,100 Active 87 DOM
7. 2026-06-13
   days on market $1,100 Active 86 DOM
8. 2026-06-10
   days on market $1,100 Active 84 DOM
9. 2026-06-09
   days on market $1,100 Active 83 DOM
10. 2026-06-08
    days on market $1,100 Active 82 DOM
11. 2026-06-07
    days on market $1,100 Active 81 DOM
12. 2026-06-05
    days on market $1,100 Active 78 DOM
13. 2026-06-03
    days on market $1,100 Active 77 DOM
14. 2026-06-02
    days on market $1,100 Active 76 DOM
15. 2026-06-01
    days on market $1,100 Active 75 DOM
16. 2026-05-31
    days on market $1,100 Active 74 DOM
17. 2026-05-30
    days on market $1,100 Active 73 DOM
18. 2026-04-10
    price $1,100 249-char remark

    Show marketing remark (249 chars)

    FOR RENT ! Spacious 2-bedroom, 1 full bath home available in Dalton. Features a large living room and a back porch/patio area. Exterior maintenance is included for easy living, as well as washer/ dryer. PETS ARE WELCOME , and credit is not required.

19. 2026-03-18
    listed $1,200 Active 249-char remark

    Show marketing remark (249 chars)

    FOR RENT ! Spacious 2-bedroom, 1 full bath home available in Dalton. Features a large living room and a back porch/patio area. Exterior maintenance is included for easy living, as well as washer/ dryer. PETS ARE WELCOME , and credit is not required.

20. 2020-12-01
    soldstatus $143,000 140-char remark

    Show marketing remark (140 chars)

    Very spacious duplex units with long term tenants in place. Great school district, convenient location, quiet neighborhood and so much more!

21. 2020-12-01
    soldstatus $143,000

    Show marketing remark (140 chars)

    Very spacious duplex units with long term tenants in place. Great school district, convenient location, quiet neighborhood and so much more!

22. 2020-10-27
    listed $155,000 140-char remark

    Show marketing remark (140 chars)

    Very spacious duplex units with long term tenants in place. Great school district, convenient location, quiet neighborhood and so much more!

23. 2017-05-08
    soldstatus $105,000
24. 2016-08-26
    soldstatus $112,000
25. 2016-05-10
    listed $112,900

ⓘ 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 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 10% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,972
• − Mortgage interest: −$62
• − Property taxes: −$16
• − Insurance: −$6
• − Repairs & maintenance: −$2,238
• − Management: −$2,238
• − Depreciation: −$32
• Taxable income: $23,381
• Est. tax owed @ 24.0%: −$5,611
• After-tax cash flow: $16,395/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: Whitfield County
• NCES district ID: 1305700
• Math proficiency: 37% ▼ -6.00%
• Reading proficiency: 34% ▼ -9.00%
• Median HH income: $44,296
• Composite: 30.24/100
• National rank: #6290
• State rank: #62 of 174 in GA

Livability — Varnell

• Score: 64/100
• State rank: #276
• US rank: #14823

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Whitfield County · 80,309 people
• City population: 3
• Metro: Dalton, GA
• Population (ZIP): 53,060
• Household income: $62,094
• Rent vs Own: 34.7% rent · 65.3% own
• Severe rent burden: 1156.0

Population outlook (Whitfield County) Hauer SSP2

• Today (2025): 107,770 people
• By 2030: 108,737 · +0.9%
• By 2040: 110,260 · +2.3%
• By 2050: 111,205 · +3.2%
• By 2075: 113,014 · +4.9%
• By 2100: 112,775 · +4.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 48% Hispanic / Latino 47% Two or more races 10% Black 4% Native American 1%
• Hispanic origin (detail): Mexican 35% Cuban 1%
• Common ancestry: Slovak 1% Italian 1%
• Foreign-born: 24% · Canada, Jamaica
• Languages at home: 62% English-only · Spanish 37%

Political lean MEDSL · Whitfield

• 2024 margin: Solid R (+44.5) · D 27.5% · R 72.0%
• 2008→2024 swing: -4.5pp toward R · 2008: -40.0pp · 2024: -44.5pp
• All cycles: 2024: R+44.5 2020: R+40.7 2016: R+44.8 2012: R+45.1 2008: R+40.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -220.10%
• Current HPI: 314.9341
• Rent YoY: —
• Metro: Dalton, 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

-99.0% since first listed

8 events — show timeline

• 2026-04-10 Price Changed $1,100 CCARMLS
• 2026-03-18 Listed $1,200 CCARMLS
• 2020-12-01 Sold (MLS) $143,000 REALTRACS as Distributed by MLS Grid
• 2020-12-01 Sold (MLS) $143,000 CCARMLS
• 2020-10-27 Listed $155,000 CCARMLS
• 2017-05-08 Sold (MLS) $105,000 CCARMLS
• 2016-08-26 Sold (Public Records) $112,000 Public Records
• 2016-05-10 Listed $112,900 CCARMLS

Property tax history

+8.7%/yr

Latest (2025): $2,137 · +33.9% YoY. Source: county tax records.