8674 Ashley Way · Douglasville, GA 30134

$121,000

2 bd · 2.0 ba · 996 sqft · Townhouse public records · 87 Days on market

Built 1983 2,452 sqft lot $121/sqft · 23% below area Est $157k · 23% under ↓ 53% since listing

---

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 +27.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.3/10.0
• 1% rule +7.3/10.0
• Livability +3.6/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment opportunity in Ashley Oaks! This 2-bedroom, 2-bath townhome is perfectly positioned in a high-demand rental area of Douglasville, making it an excellent addition to any portfolio. With a practical layout, low-maintenance exterior, and consistent rental appeal, it's a smart option for both first-time and experienced investors. Conveniently located near shopping, dining, and I-20, this property offers easy access to everyday essentials. Portfolio sale available-this home is one of 18 properties within the Ashley Oaks community, providing a rare opportunity to scale quickly. Whether you're getting started or growing your investments, this one checks the boxes.

Key facts

• Easy access
• 2 parking spots
• Built 1983

Tags

• INVESTMENT OPPORTUNITY
• HIGH-DEMAND RENTAL AREA
• LOW-MAINTENANCE EXTERIOR
• EASY ACCESS

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $121k.

Deal economics

• At list price, monthly cash flow is $339 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $121k).
• Recommended offer: $114k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 4.5% in Douglasville — 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 71/100 on livability (#82 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: crime F, amenities F.
• Douglas County (suburban): math 23% / reading 35% proficiency, ranked #92 of 174 in GA (top 53%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents flat; 293 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 595 units permitted in Douglas County in 2024 (72 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $837 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Douglas County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 6 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 wind risk, 25% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,740 (6.0% below list)

Questions for the listing agent

1. It's been on market 87 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.23% ✓
• Cap rate: 9.66%
• Cash-on-cash: 12.01%
• DSCR: 1.53
• GRM: 6.8

CMA / ARV

• ARV (median comp): $156,923
• List price: $121,000
• Delta: -22.89%
• 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
8654 Ashley Way	0.03mi	2/1.0	942 (-5%)	3mo	$130,000	$138	83
8678 Ashley Way	0.01mi	2/2.5	1,110 (+11%)	0mo	$135,000	$122	78
8676 Ashley Way	0.00mi	2/2.0	1,110 (+11%)	7mo	$66,000	$59	75

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 · 0.03% rent growth · sell at horizon

5-year hold

• IRR: -1.9%
• Equity multiple: 0.93×
• Total profit: $-2,297
• Equity at exit: $18,041

10-year hold

• IRR: 4.3%
• Equity multiple: 1.27×
• Total profit: $9,238
• Equity at exit: $10,462

Cash invested: $33,880 (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 30134

• Home prices YoY: -22.4%
• Rents YoY: 0.0%
• Active inventory: 293
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,484 high
• Mortgage (P&I): −$635
• Tax from tax record: −$148 /mo · $1,781/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $339

Break-even live

Break-even rent $1,055

Max offer price $121,000

Occupancy floor 72%

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: $30,250
• Closing costs: $3,630
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6363 Melrose St Douglasville, GA	3.0	1.0	950	$1,550	$1.63	44d	1	0.28mi
8753 Bowden St Douglasville, GA	2.0	1.0	860	$1,300	$1.51	13d	1	0.31mi
6765 W Strickland St Unit B Douglasville, GA	2.0	2.0	978	$1,295	$1.32	3d	1	0.58mi
6787 Strickland St Douglasville, GA	1.0	1.0	950	$625	$0.66	44d	1	0.60mi
8424 Chicago Ave Douglasville, GA	2.0	2.0	880	$1,187	$1.35	44d	1	0.78mi
8460 Hospital Dr Douglasville, GA	1.0	1.0	701	$1,278	$1.82	24d	1	0.81mi
9018 Stoneleigh Trce Douglasville, GA	2.0	2.0	1035	$1,600	$1.55	19d	1	0.88mi
8500 Durelee Ln Douglasville, GA	1.0–2.0	1.0	947	$1,665	$1.76	3d	1	1.02mi
8040 Colquitt St Douglasville, GA	2.0	2.0	1046	$1,295	$1.24	21d	1	1.06mi
8288 Chicago Ave Douglasville, GA	2.0	2.0	1050	$1,510	$1.44	2d	1	1.11mi
8242 Durelee Ln Douglasville, GA	2.0–3.0	2.0	1210	$1,395	$1.15	44d	1	1.29mi

Listing history 27 events

1. 2026-06-18
   days on market $121,000 Active 87 DOM
2. 2026-06-17
   days on market $121,000 Active 86 DOM
3. 2026-06-16
   days on market $121,000 Active 85 DOM
4. 2026-06-15
   days on market $121,000 Active 84 DOM
5. 2026-06-13
   days on market $121,000 Active 82 DOM
6. 2026-06-09
   days on market $121,000 Active 78 DOM
7. 2026-06-08
   days on market $121,000 Active 77 DOM
8. 2026-06-07
   days on market $121,000 Active 76 DOM
9. 2026-06-04
   days on market $121,000 Active 73 DOM
10. 2026-06-03
    days on market $121,000 Active 72 DOM
11. 2026-06-02
    days on market $121,000 Active 71 DOM
12. 2026-06-01
    days on market $121,000 Active 70 DOM
13. 2026-05-31
    days on market $121,000 Active 69 DOM
14. 2026-03-23
    listed $121,000 New 682-char remark

    Show marketing remark (694 chars)

    Great investment opportunity in Ashley Oaks! This 2-bedroom, 2-bath townhome is perfectly positioned in a high-demand rental area of Douglasville, making it an excellent addition to any portfolio. With a practical layout, low-maintenance exterior, and consistent rental appeal, it’s a smart option for both first-time and experienced investors. Conveniently located near shopping, dining, and I-20, this property offers easy access to everyday essentials. Portfolio sale available—this home is one of 18 properties within the Ashley Oaks community, providing a rare opportunity to scale quickly. Whether you're getting started or growing your investments, this one checks the boxes.

15. 2026-03-23
    listed $121,000 Active 694-char remark

    Show marketing remark (694 chars)

    Great investment opportunity in Ashley Oaks! This 2-bedroom, 2-bath townhome is perfectly positioned in a high-demand rental area of Douglasville, making it an excellent addition to any portfolio. With a practical layout, low-maintenance exterior, and consistent rental appeal, it’s a smart option for both first-time and experienced investors. Conveniently located near shopping, dining, and I-20, this property offers easy access to everyday essentials. Portfolio sale available—this home is one of 18 properties within the Ashley Oaks community, providing a rare opportunity to scale quickly. Whether you're getting started or growing your investments, this one checks the boxes.

16. 2026-03-18
    historical
17. 2026-03-18
    historical
18. 2026-02-03
    status Back On Market
19. 2026-02-03
    status Active
20. 2026-01-21
    historical Active Under Contract
21. 2026-01-21
    historical Active Under Contract
22. 2025-11-25
    listed $125,400 New
23. 2025-11-25
    listed $125,400 Active
24. 2021-07-27
    soldstatus $2,390,000
25. 2011-12-01
    soldstatus $287,000
26. 2011-12-01
    soldstatus $372,000
27. 2011-07-21
    soldstatus $260,000

ⓘ 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: $1,781 · $148/mo
• Projected year-2 tax: $1,781 · $148/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 5/10 Major 7 d/yr ≥103°F today · 19 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,809
• − Mortgage interest: −$6,778
• − Property taxes: −$1,781
• − Insurance: −$605
• − Repairs & maintenance: −$1,425
• − Management: −$1,425
• − Depreciation: −$3,520
• Taxable income: $2,276
• Est. tax owed @ 24.0%: −$546
• After-tax cash flow: $3,523/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: Douglas County
• NCES district ID: 1301860
• Math proficiency: 23% ▼ -16.00%
• Reading proficiency: 35% ▼ -11.00%
• Median HH income: $55,335
• Composite: 25.84/100
• National rank: #7353
• State rank: #92 of 174 in GA

Livability — Douglasville

• Score: 71/100
• State rank: #82
• US rank: #6971

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Douglasville, GA
• County: Douglas County · 141,416 people
• City population: 114,380
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 47,580
• Household income: $76,574
• Rent vs Own: 34.4% rent · 65.6% own
• Severe rent burden: 1339.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 163,022 people
• By 2030: 173,956 · +6.7%
• By 2040: 196,859 · +20.8%
• By 2050: 220,017 · +35.0%
• By 2075: 279,831 · +71.7%
• By 2100: 322,702 · +97.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: Black 44% White 37% Hispanic / Latino 13% Two or more races 7%
• Hispanic origin (detail): Mexican 8% Puerto Rican 1%
• Common ancestry: Slovak 2% Lithuanian 1% Serbian 1%
• Foreign-born: 8% · Canada
• Languages at home: 86% English-only · Spanish 11% Other Indo-European 1%

Political lean MEDSL · Douglas

• 2024 margin: Solid D (+31.4) · D 65.4% · R 33.9%
• 2008→2024 swing: +29.6pp toward D · 2008: 1.8pp · 2024: 31.4pp
• All cycles: 2024: D+31.4 2020: D+25.1 2016: D+10.8 2012: D+4.0 2008: D+1.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.36%
• Current HPI: 243.9426
• Rent YoY: ▬ 0.03%
• 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

-53.5% since first listed

14 events — show timeline

• 2026-03-23 Listed $121,000 FMLS
• 2026-03-23 Listed $121,000 GAMLS
• 2026-03-18 Listing Removed — FMLS
• 2026-03-18 Listing Removed — GAMLS
• 2026-02-03 Relisted — GAMLS
• 2026-02-03 Relisted — FMLS
• 2026-01-21 Contingent — GAMLS
• 2026-01-21 Contingent — FMLS
• 2025-11-25 Listed $125,400 FMLS
• 2025-11-25 Listed $125,400 GAMLS
• 2021-07-27 Sold (Public Records) $2,390,000 Public Records
• 2011-12-01 Sold (Public Records) $372,000 Public Records
• 2011-12-01 Sold (Public Records) $287,000 Public Records
• 2011-07-21 Sold (Public Records) $260,000 Public Records

Property tax history

+5.6%/yr

Latest (2025): $1,781 · -0.3% YoY. Source: county tax records.