1742 Cardinal Rd · Bonanza, GA 30238

$174,900

3 bd · 2.0 ba · 1,109 sqft · SingleFamily public records · 164 Days on market

Built 1964 0.28 ac lot $158/sqft · 27% below area Est $240k · 27% 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 +18.7/30.0
• ARV discount +15.0/15.0
• DSCR +5.9/10.0
• 1% rule +5.4/10.0
• Livability +3.1/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this 3-bedroom, 2-bath home built in 1964. Full of potential and ready for its next chapter, this property is being sold AS IS—a great opportunity to make it your own.

Key facts

• 0.28 acre lot
• Parking
• Built 1964

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $173 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 5.2% in Bonanza — 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 62/100 on livability (#314 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: employment C-, schools F, amenities F.
• Clayton County (suburban): math 11% / reading 20% proficiency, ranked #155 of 174 in GA (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.1%/yr); 251 active listings in the ZIP; 37 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 54% of comp listings sitting > 30 days — soft ceiling on asking rent; 865 units permitted in Clayton County in 2024 (448 in 5+ unit buildings).
• This rent runs 35% of the median local income ($62k/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.
• Clayton County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 164 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $125k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% 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 $153,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 164 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1964 — 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. 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?
6. 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.
7. 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.
8. 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: 1.04% ✓
• Cap rate: 7.48%
• Cash-on-cash: 4.24%
• DSCR: 1.19
• GRM: 8.0

CMA / ARV

• ARV (median comp): $239,969
• List price: $174,900
• Delta: -27.12%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1697 Cardinal Rd	0.10mi	3/1.5	1,072 (-3%)	1mo	$177,000	$165	86
1685 Pheasant Dr	0.14mi	3/1.5	1,109 (0%)	9mo	$189,900	$171	84
1683 Spoonbill Rd	0.25mi	3/2.5	1,104 (-0%)	5mo	$160,000	$145	81
1520 Towhee Ct	0.44mi	3/2.0	1,134 (+2%)	17mo	$206,000	$182	62
10839 Mallard Dr	0.52mi	3/2.0	1,265 (+14%)	11mo	$208,000	$164	43
10859 Panhandle Rd	0.70mi	2/1.0 (-1)	1,232 (+11%)	6mo	$190,000	$154	34

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 · 2.06% rent growth · sell at horizon

5-year hold

• IRR: -10.7%
• Equity multiple: 0.61×
• Total profit: $-18,962
• Equity at exit: $26,078

10-year hold

• IRR: -2.8%
• Equity multiple: 0.82×
• Total profit: $-8,932
• Equity at exit: $15,122

Cash invested: $48,972 (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 30238

• Home prices YoY: -33.3%
• Rents YoY: 2.1%
• Active inventory: 251
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,818 high
• Mortgage (P&I): −$917
• Tax from tax record: −$273 /mo · $3,275/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$382
• Net cashflow: $173

Break-even live

Break-even rent $1,599

Max offer price $174,900

Occupancy floor 85%

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 37 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10624 Woodcock St Jonesboro, GA	4.0	2.0	1171	$1,670	$1.43	22d	1	0.14mi
1546 Plover Rd Jonesboro, GA	4.0	3.0	1040	$1,730	$1.66	43d	1	0.31mi
10903 Thrasher Rd Hampton, GA	3.0	2.0	1412	$1,725	$1.22	22d	1	0.33mi
1556 Wren Rd Jonesboro, GA	3.0	2.0	1388	$1,715	$1.24	43d	1	0.43mi
1496 Paladin Ct Hampton, GA	4.0	2.5	1116	$2,045	$1.83	19d	1	0.47mi
1652 Thorn Ridge Trl Hampton, GA	3.0	2.0	1360	$1,960	$1.44	43d	1	0.54mi
10911 Tara Blvd Lovejoy, GA	1.0–3.0	1.0–2.0	1150	$1,795	$1.56	43d	1	0.58mi
10784 Knotty Pine Pl Hampton, GA	3.0	2.0	1329	$1,795	$1.35	43d	1	0.62mi
1478 Carriage Ln Jonesboro, GA	3.0	2.0	1436	$1,675	$1.17	22d	1	0.63mi
11035 Shannon Cir Hampton, GA	3.0	2.0	1320	$1,606	$1.22	12d	1	0.70mi
1374 Misty Ridge Ct Hampton, GA	3.0	2.0	1250	$1,775	$1.42	43d	1	0.72mi
11015 Tara Blvd Lovejoy, GA	1.0–3.0	1.0–2.0	1113	$1,815	$1.63	43d	1	0.75mi
1786 Old Dogwood Jonesboro, GA	3.0	2.5	1454	$1,730	$1.19	43d	1	0.76mi
1798 Old Dogwood Jonesboro, GA	3.0	3.0	1454	$1,730	$1.19	24d	1	0.77mi
1814 Old Dogwood Jonesboro, GA	3.0	2.5	1454	$1,730	$1.19	43d	1	0.78mi
1779 Old Dogwood Jonesboro, GA	3.0	2.5	1454	$1,730	$1.19	43d	1	0.78mi
1830 Old Dogwood Jonesboro, GA	3.0	2.5	1454	$1,730	$1.19	43d	1	0.79mi
1834 Old Dogwood Jonesboro, GA	3.0	2.5	1454	$1,730	$1.19	43d	1	0.79mi
1795 Old Dogwood Jonesboro, GA	3.0	3.0	1454	$1,730	$1.19	43d	1	0.79mi
10346 Wisteria Ln Jonesboro, GA	3.0	2.0	1042	$1,595	$1.53	12d	1	0.83mi
10357 Briarbay Dr Jonesboro, GA	3.0	2.0	1180	$1,610	$1.36	2d	1	0.87mi
1545 Iris Walk Jonesboro, GA	3.0	3.0	1453	$1,800	$1.24	24d	1	0.87mi
10299 Wisteria Ln Jonesboro, GA	3.0	2.0	1257	$1,770	$1.41	43d	1	0.92mi
1591 Elizabeth Ln Hampton, GA	3.0	2.0	1352	$1,591	$1.18	43d	1	0.93mi
10375 Larrack Trce Jonesboro, GA	3.0	2.0	1340	$1,800	$1.34	17d	1	0.97mi
1485 Bola Ct Jonesboro, GA	4.0	2.0	1300	$1,780	$1.37	5d	1	1.06mi
10485 Ace Ct Jonesboro, GA	3.0	2.0	1288	$1,611	$1.25	43d	1	1.07mi
1277 Iron Gate Blvd Jonesboro, GA	3.0	2.0	1120	$1,499	$1.34	2d	1	1.08mi
1260 Iron Gate Blvd Jonesboro, GA	3.0	2.0	1460	$1,745	$1.20	19d	1	1.13mi
1433 Iron Gate Blvd Jonesboro, GA	3.0	1.5	1075	$1,475	$1.37	12d	1	1.13mi
1117 Village Crk Jonesboro, GA	3.0	2.5	1330	$1,815	$1.36	43d	1	1.19mi
10091 Silent Trl Jonesboro, GA	3.0	1.5	1456	$1,395	$0.96	24d	1	1.21mi
1334 Labelle St Jonesboro, GA	4.0	2.0	1352	$1,521	$1.12	5d	1	1.23mi
1108 Sunday Ln Jonesboro, GA	3.0	2.0	1137	$1,625	$1.43	43d	1	1.30mi
1174 Walnut Creek Ln Jonesboro, GA	3.0	2.0	1218	$1,861	$1.53	43d	1	1.33mi
1096 Bonita Cir Jonesboro, GA	3.0	2.0	1442	$1,700	$1.18	24d	1	1.35mi
1781 Fielding Way Lovejoy, GA	3.0	2.5	1370	$1,545	$1.13	43d	1	1.49mi

Listing history 21 events

1. 2026-06-18
   days on market $174,900 Active 164 DOM
2. 2026-06-17
   days on market $174,900 Active 163 DOM
3. 2026-06-16
   days on market $174,900 Active 162 DOM
4. 2026-06-15
   days on market $174,900 Active 161 DOM
5. 2026-06-13
   days on market $174,900 Active 159 DOM
6. 2026-06-09
   days on market $174,900 Active 155 DOM
7. 2026-06-08
   days on market $174,900 Active 154 DOM
8. 2026-06-07
   days on market $174,900 Active 153 DOM
9. 2026-06-04
   days on market $174,900 Active 150 DOM
10. 2026-06-03
    days on market $174,900 Active 149 DOM
11. 2026-06-02
    days on market $174,900 Active 148 DOM
12. 2026-06-01
    days on market $174,900 Active 147 DOM
13. 2026-05-31
    days on market $174,900 Active 146 DOM
14. 2026-04-08
    price $174,900 184-char remark

    Show marketing remark (178 chars)

    Welcome to this 3-bedroom, 2-bath home built in 1964. Full of potential and ready for its next chapter, this property is being sold AS IS-a great opportunity to make it your own.

15. 2026-04-08
    price $174,900 178-char remark

    Show marketing remark (178 chars)

    Welcome to this 3-bedroom, 2-bath home built in 1964. Full of potential and ready for its next chapter, this property is being sold AS IS-a great opportunity to make it your own.

16. 2026-01-05
    listed $184,900 New 178-char remark

    Show marketing remark (184 chars)

    Welcome to this 3-bedroom, 2-bath home built in 1964. Full of potential and ready for its next chapter, this property is being sold AS IS—a great opportunity to make it your own.

17. 2026-01-05
    listed $184,900 Active 184-char remark

    Show marketing remark (184 chars)

    Welcome to this 3-bedroom, 2-bath home built in 1964. Full of potential and ready for its next chapter, this property is being sold AS IS—a great opportunity to make it your own.

18. 2021-05-27
    soldstatus $125,000
19. 2019-02-14
    soldstatus $80,000
20. 2004-08-23
    soldstatus $66,000
21. 1978-06-14
    soldstatus $23,500

ⓘ 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: $3,275 · $273/mo
• Projected year-2 tax: $3,275 · $273/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 2/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,813
• − Mortgage interest: −$9,797
• − Property taxes: −$3,275
• − Insurance: −$874
• − Repairs & maintenance: −$1,745
• − Management: −$1,745
• − Depreciation: −$5,088
• Taxable loss: −$712
• Est. tax savings @ 24.0%: +$171
• After-tax cash flow: $2,247/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: Clayton County
• NCES district ID: 1301230
• Math proficiency: 11% ▼ -13.00%
• Reading proficiency: 20% ▼ -9.00%
• Median HH income: $42,266
• Composite: 13.41/100
• National rank: #9527
• State rank: #155 of 174 in GA

Livability — Bonanza

• Score: 62/100
• State rank: #314
• US rank: #16994

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bonanza, GA
• County: Clayton County · 230,153 people
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 43,191
• Household income: $62,185
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 1992.0

Population outlook (Clayton County) Hauer SSP2

• Today (2025): 310,777 people
• By 2030: 329,762 · +6.1%
• By 2040: 368,052 · +18.4%
• By 2050: 401,196 · +29.1%
• By 2075: 472,488 · +52.0%
• By 2100: 500,446 · +61.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (71%)
• Race & ethnicity: Black 71% Hispanic / Latino 17% White 7% Two or more races 7%
• Hispanic origin (detail): Mexican 13% Puerto Rican 2%
• Foreign-born: 11% · Canada, United Kingdom
• Languages at home: 83% English-only · Spanish 14% French/Haitian/Cajun 1%

Political lean MEDSL · Clayton

• 2024 margin: Solid D (+69.2) · D 84.3% · R 15.1%
• 2008→2024 swing: +2.8pp toward D · 2008: 66.4pp · 2024: 69.2pp
• All cycles: 2024: D+69.2 2020: D+70.9 2016: D+71.9 2012: D+70.1 2008: D+66.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -105.48%
• Current HPI: 211.6309
• Rent YoY: ▲ 2.06%
• Metro: Atlanta-Sandy Springs-Alpharetta, 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

+644.3% since first listed

8 events — show timeline

• 2026-04-08 Price Changed $174,900 FMLS
• 2026-04-08 Price Changed $174,900 GAMLS
• 2026-01-05 Listed $184,900 FMLS
• 2026-01-05 Listed $184,900 GAMLS
• 2021-05-27 Sold (Public Records) $125,000 Public Records
• 2019-02-14 Sold (Public Records) $80,000 Public Records
• 2004-08-23 Sold (Public Records) $66,000 Public Records
• 1978-06-14 Sold (Public Records) $23,500 Public Records

Property tax history

+6.9%/yr

Latest (2025): $3,275 · -3.8% YoY. Source: county tax records.