4354 Elkan Ave · Macon-Bibb County, GA 31206

$100,000

3 bd · 1.0 ba · 851 sqft · SingleFamily public records · 106 Days on market

Built 1967 0.25 ac lot $118/sqft · at area comps Est $99k · at est.

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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 +27.5/30.0
• DSCR +9.6/10.0
• ARV discount +7.2/15.0
• 1% rule +6.2/10.0
• Rent growth +3.8/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

don't miss this nice home offering 3 good size bedrooms, 1 full renovated bath , kitchen with new cabinets and counter tops , all new windows , new flooring and light fixtures through out. this is the perfect starter or investment home

Key facts

• New flooring
• Fully renovated bath
• New cabinets

Tags

• FULLY RENOVATED BATH
• NEW CABINETS
• NEW COUNTERTOPS
• NEW WINDOWS
• NEW FLOORING
• NEW LIGHT FIXTURES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $295 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $91k (9.0% below list) — sets the bar for market timing.
• Cap rate 9.8% vs local median 5.4% in Macon-Bibb County — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Bibb County (urban): math 11% / reading 18% proficiency, ranked #161 of 174 in GA (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+5.0%/yr); 207 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 65% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 154 units permitted in Bibb County in 2024 (0 in 5+ unit buildings).
• This rent runs 45% of the median local income ($30k/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 $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Bibb County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 5.0% rent growth), your $28k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 106 days — a 9% lower offer ($91k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 5y 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.
• Current owner paid $26k; list at $100k implies a 285% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 72% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $91,000 (9.0% below list)

Questions for the listing agent

1. It's been on market 106 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.12% ✓
• Cap rate: 9.84%
• Cash-on-cash: 12.65%
• DSCR: 1.56
• GRM: 7.4

CMA / ARV

• ARV (median comp): $99,258
• List price: $100,000
• Delta: 0.75%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2431 Rosen Ave	0.16mi	3/1.0	810 (-5%)	0mo	$73,000	$90	84
4524 Dorset Dr	0.36mi	3/1.0	864 (+2%)	1mo	$58,000	$67	80
5756 Satterfield Dr	0.38mi	3/1.0	828 (-3%)	3mo	$25,000	$30	75
2435 Adger Rd	0.20mi	4/1.0 (+1)	864 (+2%)	15mo	$32,000	$37	71
5771 Satterfield Dr	0.40mi	3/1.0	888 (+4%)	5mo	$65,000	$73	69
5770 Satterfield Dr	0.38mi	2/1.0 (-1)	828 (-3%)	5mo	$75,000	$91	69
5746 Sterling Pl	0.54mi	3/1.0	864 (+2%)	5mo	$20,000	$23	68
5711 Sterling Pl	0.58mi	3/2.0	864 (+2%)	2mo	$120,000	$139	65
2550 Burbank Pl	0.36mi	3/1.0	912 (+7%)	9mo	$74,250	$81	64
5779 Satterfield Dr	0.40mi	3/1.0	888 (+4%)	14mo	$55,000	$62	62
2408 S Groveland Cir	0.33mi	3/1.0	792 (-7%)	13mo	$64,000	$81	62
5909 W Leone Dr	0.74mi	3/1.0	900 (+6%)	4mo	$27,500	$31	53

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 · 5.03% rent growth · sell at horizon

5-year hold

• IRR: 4.4%
• Equity multiple: 1.17×
• Total profit: $4,897
• Equity at exit: $14,910

10-year hold

• IRR: 15.5%
• Equity multiple: 2.37×
• Total profit: $38,314
• Equity at exit: $8,646

Cash invested: $28,000 (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 31206

• Rents YoY: 5.0%
• Active inventory: 207
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,123 high
• Mortgage (P&I): −$524
• Tax from tax record: −$26 /mo · $314/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$236
• Net cashflow: $295

Break-even live

Break-even rent $750

Max offer price $100,000

Occupancy floor 69%

Sensitivity live

Price	-10% $352	-5% $324	+0% $295	+5% $267	+10% $239
Rent	-10% $206	-5% $251	+0% $295	+5% $340	+10% $384
Rate	-1.0pp $346	-0.5pp $321	base $295	+0.5pp $269	+1.0pp $243

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2477 Thrasher Ave Macon, GA	3.0	1.0	960	$825	$0.86	14d	1	0.05mi
4331 Ashland Dr Macon, GA	3.0	1.0	864	$1,025	$1.19	44d	1	0.12mi
2423 Thrasher Ave Macon, GA	3.0	1.0	1056	$725	$0.69	44d	1	0.14mi
2459 Vivian Dr Macon, GA	3.0	1.0	792	$850	$1.07	14d	1	0.20mi
4278 Vinson Ave Macon, GA	4.0	2.0	1104	$1,550	$1.40	21d	1	0.21mi
4386 Thrasher Cir Macon, GA	3.0	2.0	1120	$1,400	$1.25	44d	1	0.22mi
2427 Vivian Dr Macon, GA	4.0	1.0	1056	$1,150	$1.09	44d	1	0.23mi
5771 Satterfield Dr Macon, GA	3.0	1.0	888	$1,250	$1.41	44d	1	0.41mi
2641 Leone Dr N Macon, GA	3.0	1.0	864	$1,100	$1.27	44d	1	0.43mi
2665 Chatsworth Ct Macon, GA	3.0	1.5	1056	$1,175	$1.11	44d	1	0.49mi
5487 Bloomfield Rd Macon, GA	3.0	2.0	1050	$1,200	$1.14	21d	1	0.58mi
5711 Sterling Pl Macon, GA	3.0	1.0	864	$1,500	$1.74	21d	1	0.59mi
5708 Edwina Dr Macon, GA	3.0	1.0	925	$1,275	$1.38	44d	1	0.61mi
2961 Deeb Dr Macon, GA	3.0	1.0	1000	$1,000	$1.00	44d	1	0.86mi
4069 Blair Ct Macon, GA	3.0	1.0	864	$850	$0.98	44d	1	1.20mi
5161 Nisbet Dr Macon, GA	2.0	1.5	1040	$975	$0.94	44d	1	1.29mi
4995 Bloomfield Rd Macon, GA	2.0	1.5	900	$997	$1.11	21d	1	1.47mi

Listing history 36 events

1. 2026-06-19
   days on market $100,000 Active 106 DOM
2. 2026-06-18
   days on market $100,000 Active 105 DOM
3. 2026-06-17
   days on market $100,000 Active 104 DOM
4. 2026-06-16
   days on market $100,000 Active 103 DOM
5. 2026-06-15
   days on market $100,000 Active 102 DOM
6. 2026-06-14
   days on market $100,000 Active 100 DOM
7. 2026-06-13
   days on market $100,000 Active 99 DOM
8. 2026-06-10
   days on market $100,000 Active 97 DOM
9. 2026-06-09
   days on market $100,000 Active 96 DOM
10. 2026-06-09
    days on market $100,000 Active 95 DOM
11. 2026-06-07
    days on market $100,000 Active 94 DOM
12. 2026-06-03
    days on market $100,000 Active 90 DOM
13. 2026-06-02
    days on market $100,000 Active 89 DOM
14. 2026-06-01
    days on market $100,000 Active 88 DOM
15. 2026-05-31
    days on market $100,000 Active 87 DOM
16. 2026-05-30
    days on market $100,000 Active 86 DOM
17. 2026-03-05
    status Active 236-char remark

    Show marketing remark (236 chars)

    don't miss this nice home offering 3 good size bedrooms, 1 full renovated bath , kitchen with new cabinets and counter tops , all new windows , new flooring and light fixtures through out. this is the perfect starter or investment home

18. 2026-03-05
    price $100,000 236-char remark

    Show marketing remark (236 chars)

    don't miss this nice home offering 3 good size bedrooms, 1 full renovated bath , kitchen with new cabinets and counter tops , all new windows , new flooring and light fixtures through out. this is the perfect starter or investment home

19. 2026-03-03
    listed $100,000 New 269-char remark

    Show marketing remark (269 chars)

    Great home! Don't miss this nice home offering 3 good sized bedrooms, 1 fully renovated bath, kitchen with new cabinets and countertops, all new windows, new flooring and light fixtures throughout. this is the perfect starter or investment home call for a showing today

20. 2026-03-03
    listed $100,000 Active

    Show marketing remark (269 chars)

    Great home! Don't miss this nice home offering 3 good sized bedrooms, 1 fully renovated bath, kitchen with new cabinets and countertops, all new windows, new flooring and light fixtures throughout. this is the perfect starter or investment home call for a showing today

21. 2025-10-27
    historical 236-char remark

    Show marketing remark (236 chars)

    don't miss this nice home offering 3 good size bedrooms, 1 full renovated bath , kitchen with new cabinets and counter tops , all new windows , new flooring and light fixtures through out. this is the perfect starter or investment home

22. 2025-07-08
    historical
23. 2025-06-18
    price $105,000 236-char remark

    Show marketing remark (236 chars)

    don't miss this nice home offering 3 good size bedrooms, 1 full renovated bath , kitchen with new cabinets and counter tops , all new windows , new flooring and light fixtures through out. this is the perfect starter or investment home

24. 2025-06-18
    price $105,000

    Show marketing remark (236 chars)

    don't miss this nice home offering 3 good size bedrooms, 1 full renovated bath , kitchen with new cabinets and counter tops , all new windows , new flooring and light fixtures through out. this is the perfect starter or investment home

25. 2025-03-02
    listed $110,000 Active 236-char remark

    Show marketing remark (236 chars)

    don't miss this nice home offering 3 good size bedrooms, 1 full renovated bath , kitchen with new cabinets and counter tops , all new windows , new flooring and light fixtures through out. this is the perfect starter or investment home

26. 2025-03-02
    status Back On Market

    Show marketing remark (236 chars)

    don't miss this nice home offering 3 good size bedrooms, 1 full renovated bath , kitchen with new cabinets and counter tops , all new windows , new flooring and light fixtures through out. this is the perfect starter or investment home

27. 2025-02-19
    status Under Contract
28. 2025-01-25
    listed $110,000 New
29. 2021-09-20
    soldstatus $26,000 Sold
30. 2021-09-20
    soldstatus $26,000
31. 2021-09-17
    listed $29,999
32. 2021-09-14
    status Under Contract
33. 2021-09-14
    price $29,999
34. 2021-09-07
    price $34,999
35. 2021-09-02
    price $39,999
36. 2021-08-25
    listed $49,999 New

ⓘ 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: $314 · $26/mo
• Projected year-2 tax: $920 · $77/mo
• Expected delta: +$606/yr (+$50/mo · 193.0%)

ⓘ 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 2/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 72% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,481
• − Mortgage interest: −$5,602
• − Property taxes: −$314
• − Insurance: −$500
• − Repairs & maintenance: −$1,078
• − Management: −$1,078
• − Depreciation: −$2,909
• Taxable income: $1,999
• Est. tax owed @ 24.0%: −$480
• After-tax cash flow: $3,063/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: Bibb County
• NCES district ID: 1300420
• Math proficiency: 11% ▼ -14.00%
• Reading proficiency: 18% ▼ -11.00%
• Median HH income: $37,426
• Composite: 12.13/100
• National rank: #9654
• State rank: #161 of 174 in GA

Livability — Macon-Bibb County

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Macon-Bibb County, GA
• County: Bibb County · 164,332 people
• City population: 143,186
• Metro: Macon-Bibb County, GA
• Population (ZIP): 24,310
• Household income: $30,042
• Rent vs Own: 56.5% rent · 43.5% own
• Severe rent burden: 1335.0

Population outlook (Bibb County) Hauer SSP2

• Today (2025): 148,772 people
• By 2030: 145,904 · -1.9%
• By 2040: 139,404 · -6.3%
• By 2050: 131,603 · -11.5%
• By 2075: 111,050 · -25.4%
• By 2100: 83,346 · -44.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (76%)
• Race & ethnicity: Black 76% White 12% Hispanic / Latino 8% Two or more races 4%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1%
• Common ancestry: Lithuanian 1% Italian 1%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 8%

Political lean MEDSL · Bibb

• 2024 margin: Strong D (+22.4) · D 61.0% · R 38.5%
• 2008→2024 swing: +4.4pp toward D · 2008: 18.0pp · 2024: 22.4pp
• All cycles: 2024: D+22.4 2020: D+23.8 2016: D+20.2 2012: D+20.0 2008: D+18.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -80.17%
• Current HPI: 148.6765
• Rent YoY: ▲ 5.03%
• Metro: Macon-Bibb County, 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

+100.0% since first listed

20 events — show timeline

• 2026-03-05 Relisted — MGMLS
• 2026-03-05 Price Changed $100,000 MGMLS
• 2026-03-03 Listed $100,000 CGMLS
• 2026-03-03 Listed $100,000 GAMLS
• 2025-10-27 Delisted — MGMLS
• 2025-07-08 Listing Removed — GAMLS
• 2025-06-18 Price Changed $105,000 MGMLS
• 2025-06-18 Price Changed $105,000 GAMLS
• 2025-03-02 Listed $110,000 MGMLS
• 2025-03-02 Relisted — GAMLS
• 2025-02-19 Pending — GAMLS
• 2025-01-25 Listed $110,000 GAMLS
• 2021-09-20 Sold (MLS) $26,000 CGMLS
• 2021-09-20 Sold (MLS) $26,000 GAMLS
• 2021-09-17 Listed $29,999 CGMLS
• 2021-09-14 Pending — GAMLS
• 2021-09-14 Price Changed $29,999 GAMLS
• 2021-09-07 Price Changed $34,999 GAMLS
• 2021-09-02 Price Changed $39,999 GAMLS
• 2021-08-25 Listed $49,999 GAMLS

Property tax history

+3.2%/yr

Latest (2025): $314 · -1.3% YoY. Source: county tax records.