348 Old Tate Rd · Jasper, GA 30143

$235,000

2 bd · 1.0 ba · 1,676 sqft · SingleFamily public records · 15 Days on market

Built 1940 0.90 ac lot $140/sqft · 17% below area Est $284k · 17% under ↓ 16% 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 +19.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.2/10.0
• 1% rule +4.2/10.0
• Livability +3.7/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours' notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

Key facts

• Public sewer
• Flexible zoning
• Prime location

Tags

• INVESTMENT OPPORTUNITY
• ZONED COMMERCIAL
• PUBLIC WATER
• PUBLIC SEWER
• PRIME LOCATION
• FLEXIBLE ZONING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $276 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $215k (8.3% below list).
• Recommended offer: $215k (8.3% below list) — sets the bar for 1% rule.
• Cap rate 7.7% vs local median 2.8% in Jasper — 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 (#44 in GA, #4,976 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: schools D, amenities D-, commute F.
• Pickens County (rural): math 35% / reading 35% proficiency, ranked #59 of 174 in GA (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 713 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; 260 units permitted in Pickens County in 2024 (0 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.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $44k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• 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 $215,496 (8.3% below list)

Questions for the listing agent

1. Built in 1940 — 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: 0.92% ✗
• Cap rate: 7.70%
• Cash-on-cash: 5.03%
• DSCR: 1.22
• GRM: 9.1

CMA / ARV

• ARV (median comp): $284,114
• List price: $235,000
• Delta: -17.29%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
28 Lincoln St	0.38mi	2/1.0	1,560 (-7%)	8mo	$275,000	$176	64
232 Mcwhorter St	0.65mi	3/2.0 (+1)	1,704 (+2%)	14mo	$260,000	$153	46
234 Georgianna St	0.54mi	3/2.0 (+1)	1,550 (-8%)	12mo	$399,000	$257	44

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: -8.5%
• Equity multiple: 0.69×
• Total profit: $-20,616
• Equity at exit: $35,039

10-year hold

• IRR: 0.9%
• Equity multiple: 1.07×
• Total profit: $4,289
• Equity at exit: $20,319

Cash invested: $65,800 (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 30143

• Home prices YoY: -14.4%
• Active inventory: 713
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,155 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$97 /mo · $1,159/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$453
• Net cashflow: $276

Break-even live

Break-even rent $1,806

Max offer price $235,000

Occupancy floor 82%

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
261 Ridgewood Rd Jasper, GA	3.0	2.0	1977	$2,500	$1.26	44d	1	0.69mi
35 W Sellers St Unit D Jasper, GA	2.0	2.0	1150	$1,450	$1.26	44d	1	0.91mi
166 Cove Hl Jasper, GA	3.0	2.0	1438	$2,275	$1.58	5d	1	0.95mi

Listing history 24 events

1. 2026-06-18
   days on market $235,000 Active 15 DOM
2. 2026-06-17
   days on market $235,000 Active 14 DOM
3. 2026-06-16
   days on market $235,000 Active 13 DOM
4. 2026-06-15
   days on market $235,000 Active 12 DOM
5. 2026-06-13
   days on market $235,000 Active 10 DOM
6. 2026-06-13
   days on market $235,000 Active 9 DOM
7. 2026-06-09
   days on market $235,000 Active 6 DOM
8. 2026-06-08
   days on market $235,000 Active 5 DOM
9. 2026-06-07
   days on market $235,000 Active 4 DOM
10. 2026-06-03
    remarks 693-char remark
11. 2026-06-03
    days on marketlisting id $235,000 Active 1 DOM
12. 2026-05-31
    days on market $235,000 Active 195 DOM
13. 2026-05-12
    status Price Change 580-char remark

    Show marketing remark (586 chars)

    Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours’ notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

14. 2026-05-12
    price $235,000 580-char remark

    Show marketing remark (586 chars)

    Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours’ notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

15. 2026-05-12
    status Active 586-char remark

    Show marketing remark (586 chars)

    Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours’ notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

16. 2026-05-12
    price $235,000 586-char remark

    Show marketing remark (586 chars)

    Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours’ notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

17. 2026-05-06
    status Under Contract 580-char remark

    Show marketing remark (586 chars)

    Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours’ notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

18. 2026-05-06
    status Pending 586-char remark

    Show marketing remark (586 chars)

    Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours’ notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

19. 2026-03-02
    price $249,000 580-char remark

    Show marketing remark (586 chars)

    Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours’ notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

20. 2026-03-02
    price $249,000 586-char remark

    Show marketing remark (586 chars)

    Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours’ notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

21. 2026-01-14
    price $259,000 580-char remark

    Show marketing remark (586 chars)

    Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours’ notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

22. 2026-01-14
    price $259,000 586-char remark

    Show marketing remark (586 chars)

    Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours’ notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

23. 2026-01-05
    listed $279,000 New 580-char remark

    Show marketing remark (580 chars)

    Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours' notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

24. 2025-11-11
    listed $279,000 Active 586-char remark

    Show marketing remark (586 chars)

    Historic home located within the city limits of Jasper on nearly one acre of land. Currently zoned commercial, this property offers excellent residential or commercial potential. The home features approximately 1,700 heated square feet with public water and sewer already connected. Property is tenant occupied and requires a minimum of 24 hours’ notice for all showings. Home needs some TLC and is being sold as-is but offers outstanding opportunity and location. Serious buyers only. Cash or conventional financing only at this time. Call today to schedule your private showing!

ⓘ 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: $1,159 · $97/mo
• Projected year-2 tax: $2,162 · $180/mo
• Expected delta: +$1,003/yr (+$84/mo · 86.6%)

ⓘ 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 ≥100°F today · 19 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,860
• − Mortgage interest: −$13,164
• − Property taxes: −$1,159
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,069
• − Management: −$2,069
• − Depreciation: −$6,836
• Taxable loss: −$612
• Est. tax savings @ 24.0%: +$147
• After-tax cash flow: $3,454/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: Pickens County
• NCES district ID: 1304110
• Math proficiency: 35% ▼ -11.00%
• Reading proficiency: 35% ▼ -5.00%
• Median HH income: $53,760
• Composite: 30.72/100
• National rank: #6165
• State rank: #59 of 174 in GA

Livability — Jasper

• Score: 74/100
• State rank: #44
• US rank: #4976

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 26,738
• Population (ZIP): 26,738

Population outlook (Pickens County) Hauer SSP2

• Today (2025): 32,161 people
• By 2030: 32,815 · +2.0%
• By 2040: 33,427 · +3.9%
• By 2050: 33,077 · +2.8%
• By 2075: 31,291 · -2.7%
• By 2100: 27,205 · -15.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 5% Serbian 2% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Pickens

• 2024 margin: Solid R (+65.8) · D 16.8% · R 82.6%
• 2008→2024 swing: -7.8pp toward R · 2008: -57.9pp · 2024: -65.8pp
• All cycles: 2024: R+65.8 2020: R+65.7 2016: R+69.2 2012: R+67.6 2008: R+57.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -47.27%
• Current HPI: 280.6731
• 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

-15.8% since first listed

12 events — show timeline

• 2026-05-12 Relisted — GAMLS
• 2026-05-12 Price Changed $235,000 GAMLS
• 2026-05-12 Relisted — FMLS
• 2026-05-12 Price Changed $235,000 FMLS
• 2026-05-06 Pending — GAMLS
• 2026-05-06 Pending — FMLS
• 2026-03-02 Price Changed $249,000 GAMLS
• 2026-03-02 Price Changed $249,000 FMLS
• 2026-01-14 Price Changed $259,000 GAMLS
• 2026-01-14 Price Changed $259,000 FMLS
• 2026-01-05 Listed $279,000 GAMLS
• 2025-11-11 Listed $279,000 FMLS

Property tax history

-1.3%/yr

Latest (2025): $1,159 · -7.1% YoY. Source: county tax records.