511 Mohawk Trl · Fort Oglethorpe, GA 30741

$179,900

3 bd · 2.0 ba · 2,240 sqft · SingleFamily public records · 20 Days on market

Built 1942 0.60 ac lot Est $305k · 41% under ↓ 4% since listing

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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 +22.8/30.0
• ARV discount +15.0/15.0
• DSCR +7.3/10.0
• 1% rule +5.4/10.0
• Rent growth +4.4/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

!!! PRICE IMPROVEMENT!!! COME GET THIS ONE FOR YOURSELF! Welcome to this spacious 2,400 sqft home that has never been listed!! Home has 3 bedrooms and 2 bathrooms, huge front yard, sunroom, tool shed, & as a bonus, the quiet neighborhood is in a great location!! It is only 8 miles from Chattanooga, TN, minutes from I-75, 30 minutes from Dalton, GA. , & 20 minutes from Ringgold GA. ! This home is close to wherever you need to go! Call to set up your chance to view/ buy this home today!

Key facts

• Fresh paint
• New kitchen cabinets
• New windows

Tags

• NEW WINDOWS
• FRESH PAINT
• NEW KITCHEN CABINETS

Property features AI

Exterior

• Parking: Garage (1 car); Driveway; Off-street parking
• Utilities: Public water; Septic sewer; Electricity connected; Water connected
• Home design: Single-family residence; Residential property; Condition: fixer
• Construction: Stone and other exterior materials; Stone foundation; Above-grade finished area: 2,240
• Exterior features: Covered porch

Interior

• Kitchen: Refrigerator; Range hood; Free-standing electric range; Dishwasher
• Bathrooms: 2 full bathrooms
• Heating & cooling: Propane heating; Additional heating details: see remarks; Window unit cooling
• Interior features: Eat-in kitchen; Fireplace; Basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $311 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $177k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 3.4% in Fort Oglethorpe — 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 67/100 on livability (#166 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, employment D-.
• Walker County (rural): math 25% / reading 29% proficiency, ranked #114 of 174 in GA (top 66%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Rossville Elementary School (math 22% / reading 17%, grade F, #878 of 1,228 statewide, top 75%, 416 students, 91% FRL); Rossville Middle School (math 13% / reading 25%, grade F, #368 of 470 statewide, top 79%, 444 students, 81% FRL); Ridgeland High School (math 23% / reading 19%, grade F, #225 of 424 statewide, top 54%, 1,244 students, 70% FRL) — zoned schools average 81% FRL vs 61% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+7.4%/yr); 425 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; 347 units permitted in Walker County in 2024 (24 in 5+ unit buildings).
• This rent runs 38% of the median local income ($59k/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 $5k of value loss. Plan a longer hold.
• Walker County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 7.4% rent growth), your $50k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($177k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago 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.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $177,201 (1.5% below list)

Questions for the listing agent

1. Built in 1942 — 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 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?
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: 1.04% ✓
• Cap rate: 8.37%
• Cash-on-cash: 7.42%
• DSCR: 1.33
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $304,640
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
624 Corbley Rd	0.49mi	3/2.5	2,243 (+0%)	7mo	$250,000	$111	70
216 Catoosa St	0.69mi	3/2.0	2,200 (-2%)	3mo	$299,900	$136	62
105 Chelsea Dr	0.32mi	4/3.0 (+1)	2,100 (-6%)	17mo	$196,000	$93	52
212 Jomah Dr	0.36mi	3/2.5	2,547 (+14%)	14mo	$331,000	$130	47
231 French St	0.69mi	4/2.0 (+1)	2,162 (-4%)	13mo	$350,000	$162	46
225 Longview Dr	0.22mi	4/2.0 (+1)	1,966 (-12%)	23mo	$236,000	$120	45
125 Callan Dr	0.48mi	3/2.0	1,967 (-12%)	21mo	$260,000	$132	40
220 Battle Bluff Dr	0.61mi	3/2.0	2,542 (+14%)	15mo	$395,000	$155	37
218 Catoosa St	0.70mi	3/2.5	2,115 (-6%)	23mo	$402,000	$190	37
101 Battle Bluff Dr	0.47mi	4/2.0 (+1)	2,004 (-10%)	23mo	$330,000	$165	36

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 · 7.44% rent growth · sell at horizon

5-year hold

• IRR: -0.3%
• Equity multiple: 0.99×
• Total profit: $-621
• Equity at exit: $26,824

10-year hold

• IRR: 13.3%
• Equity multiple: 2.27×
• Total profit: $64,155
• Equity at exit: $15,554

Cash invested: $50,372 (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 30741

• Home prices YoY: -30.7%
• Rents YoY: 7.4%
• Active inventory: 425
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,870 high
• Mortgage (P&I): −$943
• Tax from tax record: −$147 /mo · $1,767/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$393
• Net cashflow: $311

Break-even live

Break-even rent $1,476

Max offer price $179,900

Occupancy floor 78%

Sensitivity live

Price	-10% $413	-5% $362	+0% $311	+5% $260	+10% $209
Rent	-10% $164	-5% $237	+0% $311	+5% $385	+10% $459
Rate	-1.0pp $402	-0.5pp $357	base $311	+0.5pp $265	+1.0pp $217

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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
135 Hogan Rd Rossville, GA	3.0	2.5	1839	$1,975	$1.07	44d	1	0.77mi
11 Carroll Ln Rossville, GA	4.0	2.5	1656	$1,599	$0.97	44d	1	0.93mi
65 Nason St Rossville, GA	3.0	2.0	1876	$1,995	$1.06	44d	1	1.07mi
65 Nason St Rossville, GA	3.0	2.0	1876	$1,895	$1.01	24d	1	1.07mi
1945 Barrett Dr Fort Oglethorpe, GA	4.0	2.0	1847	$2,025	$1.10	24d	1	1.18mi
1945 Barrett Dr Fort Oglethorpe, GA	4.0	2.0	1847	$2,025	$1.10	44d	1	1.18mi
1812 John Ross Rd Chattanooga, TN	3.0	2.0	1926	$1,895	$0.98	24d	1	1.47mi

Listing history 18 events

1. 2026-06-18
   days on market $179,900 Active 20 DOM
2. 2026-06-17
   days on market $179,900 Active 19 DOM
3. 2026-06-16
   days on market $179,900 Active 18 DOM
4. 2026-06-15
   days on market $179,900 Active 17 DOM
5. 2026-06-14
   pricedays on market $179,900 Active 15 DOM
6. 2026-06-13
   days on market $183,000 Active 14 DOM
7. 2026-06-10
   remarks 392-char remark
8. 2026-06-10
   days on market $183,000 Active 12 DOM
9. 2026-06-09
   days on market $183,000 Active 11 DOM
10. 2026-06-08
    days on market $183,000 Active 10 DOM
11. 2026-06-07
    days on market $183,000 Active 9 DOM
12. 2026-06-05
    days on market $183,000 Active 6 DOM
13. 2026-06-03
    days on market $183,000 Active 5 DOM
14. 2026-06-02
    days on market $183,000 Active 4 DOM
15. 2026-06-01
    days on market $183,000 Active 3 DOM
16. 2026-05-31
    days on market $183,000 Active 2 DOM
17. 2026-05-30
    remarks 384-char remark
18. 2026-05-30
    listed $183,000 Active 1 DOM

ⓘ 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: $1,767 · $147/mo
• Projected year-2 tax: $1,767 · $147/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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,434
• − Mortgage interest: −$10,077
• − Property taxes: −$1,767
• − Insurance: −$900
• − Repairs & maintenance: −$1,795
• − Management: −$1,795
• − Depreciation: −$5,233
• Taxable income: $867
• Est. tax owed @ 24.0%: −$208
• After-tax cash flow: $3,527/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: Walker County
• NCES district ID: 1305370
• Math proficiency: 25% ▼ -10.00%
• Reading proficiency: 29% ▼ -10.00%
• Median HH income: $39,889
• Composite: 22.74/100
• National rank: #8035
• State rank: #114 of 174 in GA

Livability — Fort Oglethorpe

• Score: 67/100
• State rank: #166
• US rank: #10498

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Walker County · 48,831 people
• City population: 7,745
• Metro: Chattanooga, TN-GA
• Population (ZIP): 30,041
• Household income: $58,834
• Rent vs Own: 32.3% rent · 67.7% own
• Severe rent burden: 834.0

Population outlook (Walker County) Hauer SSP2

• Today (2025): 66,050 people
• By 2030: 64,305 · -2.6%
• By 2040: 60,127 · -9.0%
• By 2050: 55,551 · -15.9%
• By 2075: 44,886 · -32.0%
• By 2100: 34,015 · -48.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 5% Two or more races 5% Hispanic / Latino 5%
• Common ancestry: Slovak 3% Iranian 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Walker

• 2024 margin: Solid R (+59.3) · D 20.1% · R 79.4%
• 2008→2024 swing: -12.5pp toward R · 2008: -46.8pp · 2024: -59.3pp
• All cycles: 2024: R+59.3 2020: R+59.3 2016: R+61.5 2012: R+50.2 2008: R+46.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -118.05%
• Current HPI: 267.0047
• Rent YoY: ▲ 7.44%
• Metro: Chattanooga, TN-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

-3.6% since first listed

19 events — show timeline

• 2026-05-29 Listed $183,000 GCAR
• 2024-08-20 Delisted — GCAR
• 2022-09-12 Sold (Public Records) $169,900 Public Records
• 2022-09-12 Sold (MLS) $169,900 REALTRACS as Distributed by MLS Grid
• 2022-09-12 Sold (MLS) $169,900 GCAR
• 2022-09-08 Sold (MLS) $169,900 FMLS
• 2022-09-08 Sold (MLS) $169,900 GAMLS
• 2022-08-30 Contingent — FMLS
• 2022-08-07 Pending — GCAR
• 2022-08-07 Pending — GAMLS
• 2022-07-31 Price Changed $169,900 GCAR
• 2022-07-31 Price Changed $169,900 FMLS
• 2022-07-31 Price Changed $169,900 GAMLS
• 2022-07-01 Price Changed $189,000 GCAR
• 2022-07-01 Price Changed $189,000 GAMLS
• 2022-07-01 Price Changed $189,000 FMLS
• 2022-06-17 Listed $189,900 GCAR
• 2022-06-04 Listed $189,900 FMLS
• 2022-06-04 Listed $189,900 GAMLS

Property tax history

+8.2%/yr

Latest (2025): $1,767 · -2.8% YoY. Source: county tax records.