152 Hennon Dr NW · Rome, GA 30165

$77,500

2 bd · 1.0 ba · 988 sqft · SingleFamily public records · 21 Days on market

Built 1950 1.42 ac lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.5/10.0
• Livability +3.2/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cute little 2 bedroom 1 bath ranch on a large level lot in Armuchee. 1 car detached garage with breezeway connector. Large blockoutbuilding in the back yard has potential for utilities. Chain-link fence surrounds the property. Beautiful hardwood trees stand tall over thehouse. So much potential here. This is a Fannie Mae Foreclosure.

Key facts

• Hardwood trees
• Block outbuilding
• Chain-link fence

Tags

• LARGE LEVEL LOT
• DETACHED GARAGE
• BREEZEWAY CONNECTOR
• BLOCK OUTBUILDING
• CHAIN-LINK FENCE
• HARDWOOD TREES

Property features AI

Exterior

• Parking: Garage (1 garage space, 1 total parking space)
• Utilities: Public water; Septic tank sewer; Electricity (110 volts); Electricity, sewer and water available
• Home design: One-level home; Fee simple ownership; Property listed in fixer condition
• Construction: Wood siding construction; Composition roof; Block foundation; Built with crawl space
• Exterior features: Covered front porch; Back yard and front yard fencing; Chain link fence; Outbuilding on the property

Interior

• Kitchen: No kitchen features listed; No dishwasher, stove, refrigerator or other specific appliances detailed
• Bedrooms: Two main-level bedrooms; No special bedroom features listed
• Flooring: Vinyl flooring
• Bathrooms: One full bathroom (main level)
• Interior features: No shared/common walls; Other interior features; Crawl space foundation access
• Laundry & utility: No laundry features or appliances listed

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $78k.

Deal economics

• At list price, monthly cash flow is $345 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $78k).
• Recommended offer: $76k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.6% vs local median 3.3% in Rome — 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 64/100 on livability (#266 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, amenities F, commute F.
• Floyd County (rural): math 41% / reading 40% proficiency, ranked #45 of 174 in GA (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Armuchee Primary School (math 58% / reading 47%, grade C-, #219 of 1,228 statewide, top 18%, 489 students, 48% FRL); Armuchee High School (math 24% / reading 42%, grade F, #101 of 424 statewide, top 24%, 809 students, 38% FRL).
• Market conditions: Rents rising (+1.7%/yr); 369 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 355 units permitted in Floyd County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $536 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Floyd County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 1.7% rent growth), your $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($76k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y 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 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $76,337 (1.5% below list)

Questions for the listing agent

1. Built in 1950 — 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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.52% ✓
• Cap rate: 11.64%
• Cash-on-cash: 19.08%
• DSCR: 1.85
• GRM: 5.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.71% rent growth · sell at horizon

5-year hold

• IRR: 9.5%
• Equity multiple: 1.37×
• Total profit: $7,954
• Equity at exit: $11,556

10-year hold

• IRR: 17.5%
• Equity multiple: 2.35×
• Total profit: $29,377
• Equity at exit: $6,701

Cash invested: $21,700 (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 30165

• Home prices YoY: -24.6%
• Rents YoY: 1.7%
• Active inventory: 369
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $1,180 medium
• Mortgage (P&I): −$406
• Tax from tax record: −$149 /mo · $1,785/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$248
• Net cashflow: $345

Break-even live

Break-even rent $744

Max offer price $77,500

Occupancy floor 66%

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: $19,375
• Closing costs: $2,325
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20 Harbour Rd NE Rome, GA	3.0	2.0	902	$1,098	$1.22	43d	3	1.44mi

Listing history 32 events

1. 2026-06-19
   days on market $77,500 Active 21 DOM
2. 2026-06-18
   days on market $77,500 Active 20 DOM
3. 2026-06-17
   days on market $77,500 Active 19 DOM
4. 2026-06-16
   days on market $77,500 Active 18 DOM
5. 2026-06-15
   days on market $77,500 Active 17 DOM
6. 2026-06-14
   days on market $77,500 Active 15 DOM
7. 2026-06-13
   days on market $77,500 Active 14 DOM
8. 2026-06-10
   days on market $77,500 Active 12 DOM
9. 2026-06-09
   days on market $77,500 Active 11 DOM
10. 2026-06-08
    days on market $77,500 Active 10 DOM
11. 2026-06-07
    days on market $77,500 Active 9 DOM
12. 2026-06-03
    days on market $77,500 Active 5 DOM
13. 2026-06-03
    remarks 699-char remark
14. 2026-06-02
    days on market $77,500 Active 4 DOM
15. 2026-06-01
    days on market $77,500 Active 3 DOM
16. 2026-05-31
    days on market $77,500 Active 2 DOM
17. 2026-05-29
    listed $77,500 New 335-char remark

    Show marketing remark (335 chars)

    Cute little 2 bedroom 1 bath ranch on a large level lot in Armuchee. 1 car detached garage with breezeway connector. Large blockoutbuilding in the back yard has potential for utilities. Chain-link fence surrounds the property. Beautiful hardwood trees stand tall over thehouse. So much potential here. This is a Fannie Mae Foreclosure.

18. 2026-05-29
    listed $77,500 Active

    Show marketing remark (335 chars)

    Cute little 2 bedroom 1 bath ranch on a large level lot in Armuchee. 1 car detached garage with breezeway connector. Large blockoutbuilding in the back yard has potential for utilities. Chain-link fence surrounds the property. Beautiful hardwood trees stand tall over thehouse. So much potential here. This is a Fannie Mae Foreclosure.

19. 2026-04-30
    historical
20. 2026-04-30
    historical
21. 2026-01-16
    listed $165,000 Active
22. 2026-01-16
    listed $165,000 New
23. 2025-12-15
    soldstatus $89,500
24. 2024-08-21
    soldstatus $149,900 Sold
25. 2024-08-21
    soldstatus $149,900 Closed
26. 2024-07-30
    status Pending
27. 2024-07-30
    status Under Contract
28. 2024-07-15
    listed $149,900 New
29. 2024-07-15
    listed $149,900 Active
30. 2002-09-06
    soldstatus $71,000
31. 1992-11-06
    soldstatus $43,500
32. 1990-06-15
    soldstatus $43,500

ⓘ 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: $1,785 · $149/mo
• Projected year-2 tax: $1,785 · $149/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 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 16% 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: $14,164
• − Mortgage interest: −$4,341
• − Property taxes: −$1,785
• − Insurance: −$388
• − Repairs & maintenance: −$1,133
• − Management: −$1,133
• − Depreciation: −$2,255
• Taxable income: $3,130
• Est. tax owed @ 24.0%: −$751
• After-tax cash flow: $3,389/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: Floyd County
• NCES district ID: 1302190
• Math proficiency: 41% ▼ -5.00%
• Reading proficiency: 40% ▼ -4.00%
• Median HH income: $47,083
• Composite: 34.64/100
• National rank: #5143
• State rank: #45 of 174 in GA

Livability — Rome

• Score: 64/100
• State rank: #266
• US rank: #14459

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Floyd County · 77,706 people
• City population: 77,706
• Metro: Rome, GA
• Population (ZIP): 43,001
• Household income: $68,089
• Rent vs Own: 40.8% rent · 59.2% own
• Severe rent burden: 1311.0

Population outlook (Floyd County) Hauer SSP2

• Today (2025): 96,321 people
• By 2030: 95,532 · -0.8%
• By 2040: 93,332 · -3.1%
• By 2050: 90,850 · -5.7%
• By 2075: 84,989 · -11.8%
• By 2100: 76,097 · -21.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 61% Hispanic / Latino 21% Black 12% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 13%
• Common ancestry: Slovak 2% Serbian 1% Italian 1%
• Foreign-born: 11% · Canada, Vietnam, South Korea
• Languages at home: 82% English-only · Spanish 16% Other Indo-European 1% Vietnamese 1%

Political lean MEDSL · Floyd

• 2024 margin: Solid R (+42.0) · D 28.8% · R 70.7%
• 2008→2024 swing: -5.6pp toward R · 2008: -36.4pp · 2024: -42.0pp
• All cycles: 2024: R+42.0 2020: R+41.1 2016: R+43.5 2012: R+39.9 2008: R+36.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -82.79%
• Current HPI: 254.3732
• Rent YoY: ▲ 1.71%
• Metro: Rome, 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

+78.2% since first listed

16 events — show timeline

• 2026-05-29 Listed $77,500 FMLS
• 2026-05-29 Listed $77,500 GAMLS
• 2026-04-30 Listing Removed — GAMLS
• 2026-04-30 Listing Removed — FMLS
• 2026-01-16 Listed $165,000 GAMLS
• 2026-01-16 Listed $165,000 FMLS
• 2025-12-15 Sold (Public Records) $89,500 Public Records
• 2024-08-21 Sold (MLS) $149,900 FMLS
• 2024-08-21 Sold (MLS) $149,900 GAMLS
• 2024-07-30 Pending — FMLS
• 2024-07-30 Pending — GAMLS
• 2024-07-15 Listed $149,900 FMLS
• 2024-07-15 Listed $149,900 GAMLS
• 2002-09-06 Sold (Public Records) $71,000 Public Records
• 1992-11-06 Sold (Public Records) $43,500 Public Records
• 1990-06-15 Sold (Public Records) $43,500 Public Records

Property tax history

+11.7%/yr

Latest (2025): $1,785 · +72.2% YoY. Source: county tax records.