1000 Delta Dr · Canton, GA 30114

$113,900

2 bd · 1.0 ba · 808 sqft · Other public records · 147 Days on market

Built 1961 $138/mo HOA · 8% of rent ↓ 21% since listing

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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 +29.4/30.0
• DSCR +10.0/10.0
• 1% rule +9.8/10.0
• ARV discount +7.5/15.0
• Schools +4.2/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

JUST REDUCED!!! CASH ONLY – No financing available. Welcome lakeside in the vibrant community of Cushing Memorial Park – a 35-acre, amenity-packed recreational haven where outdoor living takes center stage! This gated community features multiple docks with slips for boats and jet skis, a clubhouse with a seasonal concession stand, a playground, bathroom and shower facilities, and storage for boats and jet skis. Members also enjoy access to charming lakeside cabins (available only to members), full-hookup overnight campsites, and leased lots for trailers and RVs. Additional amenities include storage racks for kayaks, canoes, and paddleboards – everything you need for the ultimate lake lifestyle. Please note: This is a rent-restricted community – no rentals allowed. Lot lease $715/year. Cabin A4-20 This adorable cabin is being sold fully furnished! Truly have to see it to appreciate & it's proximity to the lake!

Key facts

• Gated community
• Clubhouse
• Storage for boats

Tags

• GATED COMMUNITY
• MULTIPLE DOCKS
• CLUBHOUSE
• PLAYGROUND
• BATHROOM AND SHOWER FACILITIES
• STORAGE FOR BOATS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $114k.

Deal economics

• At list price, monthly cash flow is $404 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $114k).
• Recommended offer: $100k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 2.7% in Canton — 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 66/100 on livability (#200 in GA) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A, cost of living B; Watch: schools D+, amenities F, commute F.
• Cherokee County (suburban): math 46% / reading 48% proficiency, ranked #17 of 174 in GA (top 10%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-1.6%/yr); 637 active listings in the ZIP; solid renter incomes; 2,665 units permitted in Cherokee County in 2024 (852 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $787 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Cherokee County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 147 days — a 12% lower offer ($100k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask has dropped $15k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $100,232 (12.0% below list)

Questions for the listing agent

1. It's been on market 147 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1961 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 D-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. 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.
8. 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.
9. 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: 1.48% ✓
• Cap rate: 10.55%
• Cash-on-cash: 15.20%
• DSCR: 1.68
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 2.1%
• Equity multiple: 1.08×
• Total profit: $2,452
• Equity at exit: $16,983

10-year hold

• IRR: 8.1%
• Equity multiple: 1.52×
• Total profit: $16,659
• Equity at exit: $9,848

Cash invested: $31,892 (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 30114

• Home prices YoY: -30.3%
• Rents YoY: -1.6%
• Active inventory: 637
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,682 medium
• Mortgage (P&I): −$597
• Tax est. 1.5%: −$142 /mo · $1,708/yr
• Insurance: −$47
• HOA: −$138
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $404

Break-even live

Break-even rent $1,171

Max offer price $113,900

Occupancy floor 71%

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: $28,475
• Closing costs: $3,417
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $138 · $1,656/yr
• Likely covers: security

Listing history 29 events

1. 2026-06-08
   days on market $113,900 Active 147 DOM
2. 2026-06-07
   days on market $113,900 Active 146 DOM
3. 2026-06-04
   days on market $113,900 Active 143 DOM
4. 2026-06-03
   days on market $113,900 Active 142 DOM
5. 2026-06-02
   days on market $113,900 Active 141 DOM
6. 2026-06-01
   days on market $113,900 Active 140 DOM
7. 2026-05-31
   days on market $113,900 Active 139 DOM
8. 2026-05-09
   price $113,900 951-char remark

   Show marketing remark (951 chars)

   JUST REDUCED!!! CASH ONLY – No financing available. Welcome lakeside in the vibrant community of Cushing Memorial Park – a 35-acre, amenity-packed recreational haven where outdoor living takes center stage! This gated community features multiple docks with slips for boats and jet skis, a clubhouse with a seasonal concession stand, a playground, bathroom and shower facilities, and storage for boats and jet skis. Members also enjoy access to charming lakeside cabins (available only to members), full-hookup overnight campsites, and leased lots for trailers and RVs. Additional amenities include storage racks for kayaks, canoes, and paddleboards – everything you need for the ultimate lake lifestyle. Please note: This is a rent-restricted community – no rentals allowed. Lot lease $715/year. Cabin A4-20 This adorable cabin is being sold fully furnished! Truly have to see it to appreciate & it's proximity to the lake!

9. 2026-04-11
   price $114,900 927-char remark

   Show marketing remark (927 chars)

   JUST REDUCED!!! CASH ONLY - No financing available. Welcome lakeside in the vibrant community of Cushing Memorial Park - a 35-acre, amenity-packed recreational haven where outdoor living takes center stage! This gated community features multiple docks with slips for boats and jet skis, a clubhouse with a seasonal concession stand, a playground, bathroom and shower facilities, and storage for boats and jet skis. Members also enjoy access to charming lakeside cabins (available only to members), full-hookup overnight campsites, and leased lots for trailers and RVs. Additional amenities include storage racks for kayaks, canoes, and paddleboards - everything you need for the ultimate lake lifestyle. Please note: This is a rent-restricted community - no rentals allowed. Lot lease $715/year. Cabin A4-20 This adorable cabin is being sold fully furnished! Truly have to see it to appreciate & it's proximity to the lake!

10. 2026-04-09
    price $114,900 951-char remark

    Show marketing remark (951 chars)

    JUST REDUCED!!! CASH ONLY – No financing available. Welcome lakeside in the vibrant community of Cushing Memorial Park – a 35-acre, amenity-packed recreational haven where outdoor living takes center stage! This gated community features multiple docks with slips for boats and jet skis, a clubhouse with a seasonal concession stand, a playground, bathroom and shower facilities, and storage for boats and jet skis. Members also enjoy access to charming lakeside cabins (available only to members), full-hookup overnight campsites, and leased lots for trailers and RVs. Additional amenities include storage racks for kayaks, canoes, and paddleboards – everything you need for the ultimate lake lifestyle. Please note: This is a rent-restricted community – no rentals allowed. Lot lease $715/year. Cabin A4-20 This adorable cabin is being sold fully furnished! Truly have to see it to appreciate & it's proximity to the lake!

11. 2026-03-28
    price $119,900 927-char remark

    Show marketing remark (951 chars)

    JUST REDUCED!!! CASH ONLY – No financing available. Welcome lakeside in the vibrant community of Cushing Memorial Park – a 35-acre, amenity-packed recreational haven where outdoor living takes center stage! This gated community features multiple docks with slips for boats and jet skis, a clubhouse with a seasonal concession stand, a playground, bathroom and shower facilities, and storage for boats and jet skis. Members also enjoy access to charming lakeside cabins (available only to members), full-hookup overnight campsites, and leased lots for trailers and RVs. Additional amenities include storage racks for kayaks, canoes, and paddleboards – everything you need for the ultimate lake lifestyle. Please note: This is a rent-restricted community – no rentals allowed. Lot lease $715/year. Cabin A4-20 This adorable cabin is being sold fully furnished! Truly have to see it to appreciate & it's proximity to the lake!

12. 2026-03-28
    price $119,900 951-char remark

    Show marketing remark (951 chars)

    JUST REDUCED!!! CASH ONLY – No financing available. Welcome lakeside in the vibrant community of Cushing Memorial Park – a 35-acre, amenity-packed recreational haven where outdoor living takes center stage! This gated community features multiple docks with slips for boats and jet skis, a clubhouse with a seasonal concession stand, a playground, bathroom and shower facilities, and storage for boats and jet skis. Members also enjoy access to charming lakeside cabins (available only to members), full-hookup overnight campsites, and leased lots for trailers and RVs. Additional amenities include storage racks for kayaks, canoes, and paddleboards – everything you need for the ultimate lake lifestyle. Please note: This is a rent-restricted community – no rentals allowed. Lot lease $715/year. Cabin A4-20 This adorable cabin is being sold fully furnished! Truly have to see it to appreciate & it's proximity to the lake!

13. 2026-03-06
    price $124,900 927-char remark

    Show marketing remark (951 chars)

    JUST REDUCED!!! CASH ONLY – No financing available. Welcome lakeside in the vibrant community of Cushing Memorial Park – a 35-acre, amenity-packed recreational haven where outdoor living takes center stage! This gated community features multiple docks with slips for boats and jet skis, a clubhouse with a seasonal concession stand, a playground, bathroom and shower facilities, and storage for boats and jet skis. Members also enjoy access to charming lakeside cabins (available only to members), full-hookup overnight campsites, and leased lots for trailers and RVs. Additional amenities include storage racks for kayaks, canoes, and paddleboards – everything you need for the ultimate lake lifestyle. Please note: This is a rent-restricted community – no rentals allowed. Lot lease $715/year. Cabin A4-20 This adorable cabin is being sold fully furnished! Truly have to see it to appreciate & it's proximity to the lake!

14. 2026-03-06
    price $124,900 951-char remark

    Show marketing remark (951 chars)

    JUST REDUCED!!! CASH ONLY – No financing available. Welcome lakeside in the vibrant community of Cushing Memorial Park – a 35-acre, amenity-packed recreational haven where outdoor living takes center stage! This gated community features multiple docks with slips for boats and jet skis, a clubhouse with a seasonal concession stand, a playground, bathroom and shower facilities, and storage for boats and jet skis. Members also enjoy access to charming lakeside cabins (available only to members), full-hookup overnight campsites, and leased lots for trailers and RVs. Additional amenities include storage racks for kayaks, canoes, and paddleboards – everything you need for the ultimate lake lifestyle. Please note: This is a rent-restricted community – no rentals allowed. Lot lease $715/year. Cabin A4-20 This adorable cabin is being sold fully furnished! Truly have to see it to appreciate & it's proximity to the lake!

15. 2026-01-12
    listed $129,000 Active 951-char remark

    Show marketing remark (927 chars)

    JUST REDUCED!!! CASH ONLY - No financing available. Welcome lakeside in the vibrant community of Cushing Memorial Park - a 35-acre, amenity-packed recreational haven where outdoor living takes center stage! This gated community features multiple docks with slips for boats and jet skis, a clubhouse with a seasonal concession stand, a playground, bathroom and shower facilities, and storage for boats and jet skis. Members also enjoy access to charming lakeside cabins (available only to members), full-hookup overnight campsites, and leased lots for trailers and RVs. Additional amenities include storage racks for kayaks, canoes, and paddleboards - everything you need for the ultimate lake lifestyle. Please note: This is a rent-restricted community - no rentals allowed. Lot lease $715/year. Cabin A4-20 This adorable cabin is being sold fully furnished! Truly have to see it to appreciate & it's proximity to the lake!

16. 2026-01-12
    listed $129,000 New 927-char remark

    Show marketing remark (927 chars)

    JUST REDUCED!!! CASH ONLY - No financing available. Welcome lakeside in the vibrant community of Cushing Memorial Park - a 35-acre, amenity-packed recreational haven where outdoor living takes center stage! This gated community features multiple docks with slips for boats and jet skis, a clubhouse with a seasonal concession stand, a playground, bathroom and shower facilities, and storage for boats and jet skis. Members also enjoy access to charming lakeside cabins (available only to members), full-hookup overnight campsites, and leased lots for trailers and RVs. Additional amenities include storage racks for kayaks, canoes, and paddleboards - everything you need for the ultimate lake lifestyle. Please note: This is a rent-restricted community - no rentals allowed. Lot lease $715/year. Cabin A4-20 This adorable cabin is being sold fully furnished! Truly have to see it to appreciate & it's proximity to the lake!

17. 2025-06-24
    historical
18. 2025-06-24
    historical
19. 2025-05-22
    price $65,000
20. 2025-05-22
    price $65,000
21. 2025-03-28
    listed $69,000 Active
22. 2025-03-28
    listed $69,000 New
23. 2025-01-22
    status Pending
24. 2025-01-14
    soldstatus $160,000 Closed
25. 2024-12-10
    listed $169,000 Active
26. 2024-11-12
    soldstatus $135,000 Closed
27. 2024-11-02
    status Pending
28. 2024-09-23
    price $135,000
29. 2024-08-09
    listed $145,000 Active

ⓘ 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 ≥104°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 13% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,189
• − Mortgage interest: −$6,380
• − Property taxes: −$1,708
• − Insurance: −$570
• − Repairs & maintenance: −$1,615
• − Management: −$1,615
• − HOA: −$1,656
• − Depreciation: −$3,313
• Taxable income: $3,331
• Est. tax owed @ 24.0%: −$799
• After-tax cash flow: $4,048/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: Cherokee County
• NCES district ID: 1301110
• Math proficiency: 46% ▼ -11.00%
• Reading proficiency: 48% ▼ -8.00%
• Median HH income: $69,295
• Composite: 42.14/100
• National rank: #3304
• State rank: #17 of 174 in GA

Livability — Canton

• Score: 66/100
• State rank: #200
• US rank: #12301

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Cherokee County · 289,977 people
• City population: 116,078
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 62,391
• Household income: $98,902
• Rent vs Own: 30.8% rent · 69.2% own
• Severe rent burden: 1820.0

Population outlook (Cherokee County) Hauer SSP2

• Today (2025): 281,923 people
• By 2030: 303,845 · +7.8%
• By 2040: 344,738 · +22.3%
• By 2050: 379,010 · +34.4%
• By 2075: 449,617 · +59.5%
• By 2100: 484,103 · +71.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Hispanic / Latino 18% Two or more races 9% Black 9% Native American 4%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Slovak 3% Italian 2% Romanian 1%
• Foreign-born: 10% · Canada, Jamaica
• Languages at home: 85% English-only · Spanish 12% Other Indo-European 1%

Political lean MEDSL · Cherokee

• 2024 margin: Solid R (+39.0) · D 30.1% · R 69.1%
• 2008→2024 swing: +12.1pp toward D · 2008: -51.1pp · 2024: -39.0pp
• All cycles: 2024: R+39.0 2020: R+39.2 2016: R+50.0 2012: R+57.8 2008: R+51.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -106.82%
• Current HPI: 245.474
• Rent YoY: ▼ -1.63%
• 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

-21.4% since first listed

22 events — show timeline

• 2026-05-09 Price Changed $113,900 FMLS
• 2026-04-11 Price Changed $114,900 GAMLS
• 2026-04-09 Price Changed $114,900 FMLS
• 2026-03-28 Price Changed $119,900 GAMLS
• 2026-03-28 Price Changed $119,900 FMLS
• 2026-03-06 Price Changed $124,900 GAMLS
• 2026-03-06 Price Changed $124,900 FMLS
• 2026-01-12 Listed $129,000 GAMLS
• 2026-01-12 Listed $129,000 FMLS
• 2025-06-24 Listing Removed — GAMLS
• 2025-06-24 Listing Removed — FMLS
• 2025-05-22 Price Changed $65,000 FMLS
• 2025-05-22 Price Changed $65,000 GAMLS
• 2025-03-28 Listed $69,000 GAMLS
• 2025-03-28 Listed $69,000 FMLS
• 2025-01-22 Pending — FMLS
• 2025-01-14 Sold (MLS) $160,000 FMLS
• 2024-12-10 Listed $169,000 FMLS
• 2024-11-12 Sold (MLS) $135,000 FMLS
• 2024-11-02 Pending — FMLS
• 2024-09-23 Price Changed $135,000 FMLS
• 2024-08-09 Listed $145,000 FMLS