906 Martin Luther King Jr St · Rockmart, GA 30153

$165,000

3 bd · 1.5 ba · 950 sqft · SingleFamily public records · 7 Days on market

Built 1971 7,405 sqft lot Est $178k · 7% under

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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 +24.8/30.0
• ARV discount +10.7/15.0
• DSCR +8.0/10.0
• 1% rule +5.1/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming One-Level Living on a Beautiful Level Lot! Looking for affordable homeownership? This well-maintained one-level home offers comfort, convenience, and plenty of outdoor living space-all at a price that's hard to beat! Step inside to find hardwood flooring throughout, creating a warm and inviting atmosphere with easy maintenance and timeless appeal. The functional floor plan offers comfortable living spaces, while large windows bring in natural light and showcase the peaceful surroundings. Enjoy your morning coffee or unwind in the evenings on the screened porch or take advantage of the wrap-around deck overlooking the private backyard-perfect for entertaining, grilling, or simply enjoying the outdoors. Situated on a nice, level lot, the property provides plenty of usable yard space for gardening, pets, play, or future projects. A storage building/outbuilding adds valuable space for tools, equipment, hobbies, or extra storage. Whether you're a first-time homebuyer, downsizing, or looking for an affordable property with room to enjoy the outdoors, this home offers tremendous value and opportunity. Schedule your showing today!

Key facts

• Hardwood flooring
• Usable yard space
• Private backyard

Tags

• ONE LEVEL LIVING
• HARDWOOD FLOORING
• SCREENED PORCH
• WRAP AROUND DECK
• PRIVATE BACKYARD
• USABLE YARD SPACE

Property features AI

Exterior

• Parking: Two parking spaces total; Driveway; Parking pad; Open parking available
• Utilities: Public water; Septic tank sewer; Cable available; Natural gas available; Electric service (other)
• Home design: One-level (single-story) home; Resale property; Fee simple ownership; Accessible approach with ramp, accessible bedroom, accessible hallways and kitchen, and grip-accessible features
• Construction: Vinyl siding; Composition roof; Block foundation; Built with outbuilding
• Exterior features: Private yard; Deck; Screened porch; Outbuilding

Interior

• Kitchen: Country-style kitchen; Gas range
• Bedrooms: Master bedroom on the main level; 3 main-level bedrooms
• Flooring: Hardwood flooring
• Bathrooms: 1 full bathroom; 1 half bathroom; Main-level full and half bathrooms
• Heating & cooling: Central heating; Electric heating; Natural gas heating available; Central air; Ceiling fans; Electric cooling
• Interior features: High-speed internet; Wood window frames; No shared/common walls
• Laundry & utility: Laundry closet; Laundry room; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $348 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Cap rate 8.8% vs local median 4.2% in Rockmart — 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 70/100 on livability (#99 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, amenities F, commute F.
• Polk County (town): math 21% / reading 28% proficiency, ranked #128 of 174 in GA (top 74%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Van Wert Elementary School (math 12% / reading 19%, grade F, #973 of 1,228 statewide, top 80%, 696 students, 78% FRL); Rockmart Middle School (math 22% / reading 31%, grade F, #282 of 470 statewide, top 61%, 706 students, 78% FRL); Rockmart High School (math 8% / reading 22%, grade F, #294 of 424 statewide, top 70%, 950 students, 78% FRL) — zoned schools average 78% FRL vs 62% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 198 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 128 units permitted in Polk County in 2024 (0 in 5+ unit buildings).
• This rent runs 35% of the median local income ($57k/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.
• Polk County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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

• Climate carrying-cost: 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 $165,000

Questions for the listing agent

1. Built in 1971 — 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 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?
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: 1.01% ✓
• Cap rate: 8.82%
• Cash-on-cash: 9.04%
• DSCR: 1.40
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $177,650
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
18 Seaboard St	0.06mi	3/1.0	1,056 (+11%)	11mo	$165,000	$156	67
319 Gordon St	0.23mi	3/1.0	1,040 (+10%)	12mo	$159,000	$153	62
703 Mundy St	0.41mi	2/1.5 (-1)	914 (-4%)	11mo	$180,000	$197	61
17 Pine Mountain Rd	0.26mi	3/1.0	1,038 (+9%)	18mo	$194,000	$187	56
222 Gordon St	0.28mi	2/2.0 (-1)	1,036 (+9%)	16mo	$233,000	$225	52

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: -2.7%
• Equity multiple: 0.90×
• Total profit: $-4,651
• Equity at exit: $24,602

10-year hold

• IRR: 7.0%
• Equity multiple: 1.52×
• Total profit: $24,168
• Equity at exit: $14,266

Cash invested: $46,200 (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 30153

• Home prices YoY: -4.6%
• Active inventory: 198
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,669 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$36 /mo · $434/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $348

Break-even live

Break-even rent $1,228

Max offer price $165,000

Occupancy floor 74%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
840 Martin Luther King Jr St Rockmart, GA	3.0	1.0	959	$1,200	$1.25	43d	1	0.12mi
712 Jackson St Rockmart, GA	3.0	1.5	600	$1,245	$2.08	2d	1	1.48mi

Listing history 6 events

1. 2026-06-18
   days on market $165,000 Active 7 DOM
2. 2026-06-17
   days on market $165,000 Active 6 DOM
3. 2026-06-16
   days on market $165,000 Active 5 DOM
4. 2026-06-15
   days on market $165,000 Active 4 DOM
5. 2026-06-13
   remarks 699-char remark
6. 2026-06-13
   listed $165,000 Active 2 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: $434 · $36/mo
• Projected year-2 tax: $1,518 · $126/mo
• Expected delta: +$1,084/yr (+$90/mo · 249.7%)

ⓘ 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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% 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: $20,024
• − Mortgage interest: −$9,243
• − Property taxes: −$434
• − Insurance: −$825
• − Repairs & maintenance: −$1,602
• − Management: −$1,602
• − Depreciation: −$4,800
• Taxable income: $1,518
• Est. tax owed @ 24.0%: −$364
• After-tax cash flow: $3,812/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: Polk County
• NCES district ID: 1304200
• Math proficiency: 21% ▼ -15.00%
• Reading proficiency: 28% ▼ -3.00%
• Median HH income: $39,318
• Composite: 20.6/100
• National rank: #8550
• State rank: #128 of 174 in GA

Livability — Rockmart

• Score: 70/100
• State rank: #99
• US rank: #7891

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Polk County · 18,467 people
• City population: 18,467
• Metro: Cedartown, GA
• Population (ZIP): 18,467
• Household income: $57,377
• Rent vs Own: 31.6% rent · 68.4% own
• Severe rent burden: 340.0

Population outlook (Polk County) Hauer SSP2

• Today (2025): 40,729 people
• By 2030: 40,103 · -1.5%
• By 2040: 38,594 · -5.2%
• By 2050: 36,753 · -9.8%
• By 2075: 31,687 · -22.2%
• By 2100: 25,448 · -37.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 10% Hispanic / Latino 6% Two or more races 4% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2%
• Common ancestry: Italian 2% Slovak 1% Romanian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Polk

• 2024 margin: Solid R (+60.5) · D 19.6% · R 80.1%
• 2008→2024 swing: -19.4pp toward R · 2008: -41.1pp · 2024: -60.5pp
• All cycles: 2024: R+60.5 2020: R+57.1 2016: R+57.5 2012: R+45.6 2008: R+41.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -18.01%
• Current HPI: 370.1814
• Rent YoY: —
• Metro: Cedartown, 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

+0.0% since first listed

2 events — show timeline

• 2026-06-11 Listed $165,000 FMLS
• 2026-06-11 Listed $165,000 GAMLS

Property tax history

+6.8%/yr

Latest (2025): $434 · -11.2% YoY. Source: county tax records.