316 Chevelle Dr · Chatsworth, GA 30705

$229,900

4 bd · 2.0 ba · 1,438 sqft · SingleFamily public records · 56 Days on market

Built 1972 0.83 ac lot $160/sqft · 31% above area Est $274k · 16% under ↓ 4% since listing

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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).

• ARV discount +14.7/15.0
• Cash flow +11.8/30.0
• Livability +3.7/5.0
• DSCR +3.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• 1% rule +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This brick home sits on a spacious . 83-acre corner lot and is full of potential! The main level features 3 bedrooms and 2 bathrooms, with a partially finished 4th bedroom and bath in the basement that includes its own private side entrance—perfect for guests, extended family, or additional living space. Outside you'll find a 2-car carport, a detached garage/storage building, and an amazing yard with plenty of room to enjoy. A set of concrete steps leads up to a pavilion area that could be brought back to life with a little TLC. If you're looking for space, character, and the opportunity to make a home your own, this one is packed with possibilities!

Key facts

• Pavilion area
• Corner lot
• Detached garage

Tags

• CORNER LOT
• PRIVATE SIDE ENTRANCE
• DETACHED GARAGE
• PAVILION AREA

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $-130 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $207k (10.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $162k (29.6% below list).
• Recommended offer: $162k (29.6% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 3.6% in Chatsworth — 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 74/100 on livability (#37 in GA, #4,588 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Murray County (other): math 25% / reading 31% proficiency, ranked #107 of 174 in GA (top 62%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Spring Place Elementary School (math 27% / reading 27%, grade F, #689 of 1,228 statewide, top 58%, 601 students, 76% FRL); Gladden Middle School (math 26% / reading 30%, grade F, #265 of 470 statewide, top 57%, 548 students, 68% FRL); Murray County High School (math 10% / reading 32%, grade F, #225 of 424 statewide, top 54%, 1,102 students, 65% FRL).
• Market conditions: 281 active listings in the ZIP; 125 units permitted in Murray County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Murray County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($223k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask is 64% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; moderate wildfire risk; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $161,815 (29.6% 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 56 days. Have you received any prior offers? Is the seller open to a 30% concession, seller financing, or rate buy-down credit?
3. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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: 0.70% ✗
• Cap rate: 5.96%
• Cash-on-cash: -1.18%
• DSCR: 0.95
• GRM: 11.8

CMA / ARV

• ARV (median comp): $273,738
• List price: $229,900
• Delta: -16.01%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
193 Bell Loop	0.62mi	3/2.0 (-1)	1,416 (-2%)	6mo	$268,990	$190	58
127 Bell Loop	0.65mi	3/2.0 (-1)	1,416 (-2%)	6mo	$249,990	$177	57
127 Bell Loop	0.66mi	3/2.0 (-1)	1,416 (-2%)	6mo	$249,990	$177	57
1121 Bell Loop	0.65mi	3/2.0 (-1)	1,500 (+4%)	5mo	$304,900	$203	53
92 Catalina Drive Dr	0.64mi	3/2.0 (-1)	1,364 (-5%)	7mo	$200,000	$147	51
1143 Bell Loop Loop	0.68mi	3/2.0 (-1)	1,550 (+8%)	0mo	$320,000	$206	50
399 Bell Loop	0.45mi	3/2.0 (-1)	1,646 (+14%)	6mo	$258,888	$157	44
327 Bell Loop	0.49mi	3/2.0 (-1)	1,646 (+14%)	6mo	$259,888	$158	43
327 Bell Loop	0.49mi	3/2.0 (-1)	1,646 (+14%)	6mo	$259,888	$158	43
1379 Highway 225 Hwy S	0.50mi	3/2.0 (-1)	1,232 (-14%)	6mo	$234,500	$190	43
143 Mulberry Ln	0.71mi	3/2.0 (-1)	1,280 (-11%)	4mo	$234,900	$184	40
165 Bell Loop	0.64mi	3/2.0 (-1)	1,646 (+14%)	6mo	$275,465	$167	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -20.4%
• Equity multiple: 0.29×
• Total profit: $-45,609
• Equity at exit: $34,279

10-year hold

• IRR: -13.6%
• Equity multiple: 0.21×
• Total profit: $-50,715
• Equity at exit: $19,878

Cash invested: $64,372 (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 30705

• Home prices YoY: -11.2%
• Active inventory: 281
• Price-to-rent: 11.8×

Monthly cashflow live

• Estimated rent: $1,618 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$40 /mo · $484/yr
• Insurance: −$96
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$340
• Net cashflow: $-130

Break-even live

Break-even rent $1,782

Max offer price $206,964

Occupancy floor —

Sensitivity live

Price	-10% $0	-5% $-65	+0% $-130	+5% $-195	+10% $-536
Rent	-10% $-258	-5% $-194	+0% $-130	+5% $-66	+10% $-2
Rate	-1.0pp $-14	-0.5pp $-71	base $-130	+0.5pp $-189	+1.0pp $-250

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-05
   status Pending 664-char remark

   Show marketing remark (659 chars)

   This brick home sits on a spacious . 83-acre corner lot and is full of potential! The main level features 3 bedrooms and 2 bathrooms, with a partially finished 4th bedroom and bath in the basement that includes its own private side entrance--perfect for guests, extended family, or additional living space. Outside you'll find a 2-car carport, a detached garage/storage building, and an amazing yard with plenty of room to enjoy. A set of concrete steps leads up to a pavilion area that could be brought back to life with a little TLC. If you're looking for space, character, and the opportunity to make a home your own, this one is packed with possibilities!

2. 2026-05-05
   status Pending 659-char remark

   Show marketing remark (659 chars)

   This brick home sits on a spacious . 83-acre corner lot and is full of potential! The main level features 3 bedrooms and 2 bathrooms, with a partially finished 4th bedroom and bath in the basement that includes its own private side entrance--perfect for guests, extended family, or additional living space. Outside you'll find a 2-car carport, a detached garage/storage building, and an amazing yard with plenty of room to enjoy. A set of concrete steps leads up to a pavilion area that could be brought back to life with a little TLC. If you're looking for space, character, and the opportunity to make a home your own, this one is packed with possibilities!

3. 2026-04-13
   price $229,900 659-char remark

   Show marketing remark (664 chars)

   This brick home sits on a spacious . 83-acre corner lot and is full of potential! The main level features 3 bedrooms and 2 bathrooms, with a partially finished 4th bedroom and bath in the basement that includes its own private side entrance—perfect for guests, extended family, or additional living space. Outside you'll find a 2-car carport, a detached garage/storage building, and an amazing yard with plenty of room to enjoy. A set of concrete steps leads up to a pavilion area that could be brought back to life with a little TLC. If you're looking for space, character, and the opportunity to make a home your own, this one is packed with possibilities!

4. 2026-04-13
   price $229,900 664-char remark

   Show marketing remark (664 chars)

   This brick home sits on a spacious . 83-acre corner lot and is full of potential! The main level features 3 bedrooms and 2 bathrooms, with a partially finished 4th bedroom and bath in the basement that includes its own private side entrance—perfect for guests, extended family, or additional living space. Outside you'll find a 2-car carport, a detached garage/storage building, and an amazing yard with plenty of room to enjoy. A set of concrete steps leads up to a pavilion area that could be brought back to life with a little TLC. If you're looking for space, character, and the opportunity to make a home your own, this one is packed with possibilities!

5. 2026-03-10
   price $239,900 659-char remark

   Show marketing remark (664 chars)

   This brick home sits on a spacious . 83-acre corner lot and is full of potential! The main level features 3 bedrooms and 2 bathrooms, with a partially finished 4th bedroom and bath in the basement that includes its own private side entrance—perfect for guests, extended family, or additional living space. Outside you'll find a 2-car carport, a detached garage/storage building, and an amazing yard with plenty of room to enjoy. A set of concrete steps leads up to a pavilion area that could be brought back to life with a little TLC. If you're looking for space, character, and the opportunity to make a home your own, this one is packed with possibilities!

6. 2026-03-10
   listed $139,900 Active 659-char remark

   Show marketing remark (664 chars)

   This brick home sits on a spacious . 83-acre corner lot and is full of potential! The main level features 3 bedrooms and 2 bathrooms, with a partially finished 4th bedroom and bath in the basement that includes its own private side entrance—perfect for guests, extended family, or additional living space. Outside you'll find a 2-car carport, a detached garage/storage building, and an amazing yard with plenty of room to enjoy. A set of concrete steps leads up to a pavilion area that could be brought back to life with a little TLC. If you're looking for space, character, and the opportunity to make a home your own, this one is packed with possibilities!

7. 2026-03-10
   listed $239,900 Active 664-char remark

   Show marketing remark (664 chars)

   This brick home sits on a spacious . 83-acre corner lot and is full of potential! The main level features 3 bedrooms and 2 bathrooms, with a partially finished 4th bedroom and bath in the basement that includes its own private side entrance—perfect for guests, extended family, or additional living space. Outside you'll find a 2-car carport, a detached garage/storage building, and an amazing yard with plenty of room to enjoy. A set of concrete steps leads up to a pavilion area that could be brought back to life with a little TLC. If you're looking for space, character, and the opportunity to make a home your own, this one is packed with possibilities!

ⓘ 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: $484 · $40/mo
• Projected year-2 tax: $2,115 · $176/mo
• Expected delta: +$1,631/yr (+$136/mo · 337.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,418
• − Mortgage interest: −$12,878
• − Property taxes: −$484
• − Insurance: −$1,947
• − Repairs & maintenance: −$1,553
• − Management: −$1,553
• − Depreciation: −$6,688
• Taxable loss: −$5,686
• Est. tax savings @ 24.0%: +$1,365
• After-tax cash flow: $-193/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: Murray County
• NCES district ID: 1303840
• Math proficiency: 25% ▼ -13.00%
• Reading proficiency: 31% ▼ -6.00%
• Median HH income: $38,127
• Composite: 23.39/100
• National rank: #7901
• State rank: #107 of 174 in GA

Livability — Chatsworth

• Score: 74/100
• State rank: #37
• US rank: #4588

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 33,078

Population outlook (Murray County) Hauer SSP2

• Today (2025): 39,666 people
• By 2030: 39,301 · -0.9%
• By 2040: 38,248 · -3.6%
• By 2050: 37,015 · -6.7%
• By 2075: 35,253 · -11.1%
• By 2100: 34,727 · -12.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 18% Two or more races 8% Native American 1%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Slovak 2% Romanian 1% Iranian 1%
• Foreign-born: 7% · Canada
• Languages at home: 85% English-only · Spanish 14%

Political lean MEDSL · Murray

• 2024 margin: Solid R (+71.6) · D 14.1% · R 85.7%
• 2008→2024 swing: -26.3pp toward R · 2008: -45.3pp · 2024: -71.6pp
• All cycles: 2024: R+71.6 2020: R+69.2 2016: R+68.8 2012: R+52.6 2008: R+45.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -34.36%
• Current HPI: 271.673
• 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

-4.2% since first listed

7 events — show timeline

• 2026-05-05 Pending — CCARMLS
• 2026-05-05 Pending — GCAR
• 2026-04-13 Price Changed $229,900 GCAR
• 2026-04-13 Price Changed $229,900 CCARMLS
• 2026-03-10 Price Changed $239,900 GCAR
• 2026-03-10 Listed $139,900 GCAR
• 2026-03-10 Listed $239,900 CCARMLS

Property tax history

-4.6%/yr

Latest (2025): $484 · +3.3% YoY. Source: county tax records.