74 Spring Ln · Carrollton, GA 30116

$214,900

3 bd · 2.0 ba · 1,456 sqft · Manufactured public records · 30 Days on market

Built 2000 0.88 ac lot

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Why this score? — see what drove the D 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 +13.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.2/10.0
• 1% rule +3.9/10.0
• Schools +3.6/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.2/10.0

Listing remarks MLS

This beautifully remodeled 3-bedroom, 2-bathroom home in Carrollton sits on a spacious .88 acre lot and is completely move-in ready with modern finishes and quality upgrades throughout. Inside, you'll find fresh paint on the ceilings, walls, doors, and trim, along with all new light fixtures that create a bright and updated feel. Brushed nickel finishes on the door hardware, plumbing fixtures, and lighting add a clean, contemporary touch throughout the home. The kitchen features stainless steel appliances, offering both style and functionality. Major system upgrades provide added peace of mind, including a new propane HVAC and air conditioning system with warranties, as well as a new metal roof backed by a 10-year workmanship guarantee and a 40-year manufacturer warranty. The home is set on a permanent foundation that has been inspected and updated to meet FHA requirements. Exterior improvements include new vinyl double-pane Low E windows with screens, fresh paint on the foundation walls, new shutters, and updated exterior lighting at every entrance. Brand new decks at the front porch and side entry create ideal spaces for relaxing or entertaining outdoors. Additional upgrades include a new front door, a new side door, and a brand new mailbox with post for added curb appeal. With thoughtful updates, dependable systems, and plenty of outdoor space, this property offers the perfect combination of comfort, style, and convenience in a great Carrollton location.

Key facts

• Quality upgrades
• Fresh paint
• Spacious lot

Tags

• REMODELED HOME
• SPACIOUS LOT
• MODERN FINISHES
• QUALITY UPGRADES
• FRESH PAINT
• NEW LIGHT FIXTURES

Property features AI

Exterior

• Parking: Parking pad for one vehicle
• Utilities: Public water; Septic sewer; Electricity available; Water available; Other utilities
• Home design: Double-wide mobile home; One level
• Construction: Vinyl siding; Metal roof
• Exterior features: Front porch; Resale condition

Interior

• Kitchen: Dishwasher; Microwave; Range hood; Refrigerator; Other kitchen features
• Bedrooms: Master suite on the main level; Three main-level bedrooms
• Flooring: Vinyl flooring
• Bathrooms: Two full bathrooms; Both main-level bathrooms; Master bathroom with double vanity
• Heating & cooling: Central heating; Propane heating; Central air conditioning; Ceiling fans
• Interior features: Double vanity; No shared/common walls; Family room; Laundry room
• Laundry & utility: Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $215k.

Deal economics

• At list price, monthly cash flow is $18 ($213/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 $190k (11.5% below list).
• Recommended offer: $190k (11.5% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 3.3% in Carrollton — 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 69/100 on livability (#113 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: amenities C-, commute F, employment F.
• Carroll County (rural): math 42% / reading 41% proficiency, ranked #38 of 174 in GA (top 22%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Sharp Creek Elementary School (math 34% / reading 34%, grade F, #554 of 1,228 statewide, top 46%, 554 students, 81% FRL); Bay Springs Middle School (math 42% / reading 42%, grade D-, #126 of 470 statewide, top 28%, 930 students, 57% FRL); Villa Rica High School (math 16% / reading 34%, grade F, #181 of 424 statewide, top 43%, 1,807 students, 56% FRL).
• Market conditions: 212 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 876 units permitted in Carroll County in 2024 (150 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Carroll County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y 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

• Climate carrying-cost: major wind risk, 27% 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 $190,233 (11.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.89% ✗
• Cap rate: 6.39%
• Cash-on-cash: 0.35%
• DSCR: 1.02
• GRM: 9.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -15.7%
• Equity multiple: 0.44×
• Total profit: $-33,666
• Equity at exit: $32,042

10-year hold

• IRR: -7.3%
• Equity multiple: 0.54×
• Total profit: $-27,746
• Equity at exit: $18,581

Cash invested: $60,172 (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 30116

• Home prices YoY: -2.6%
• Active inventory: 212
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,902 high
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,224/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $18

Break-even live

Break-even rent $1,880

Max offer price $214,900

Occupancy floor 94%

Sensitivity live

Price	-10% $166	-5% $92	+0% $18	+5% $-57	+10% $-131
Rent	-10% $-133	-5% $-57	+0% $18	+5% $93	+10% $168
Rate	-1.0pp $126	-0.5pp $72	base $18	+0.5pp $-38	+1.0pp $-95

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: $53,725
• Closing costs: $6,447
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
250 Kendall Ln Carrollton, GA	4.0	3.0	1735	$2,106	$1.21	17d	1	0.65mi
260 Castlegate Cir Carrollton, GA	3.0	2.0	1384	$1,625	$1.17	0d	1	0.80mi
95 Castlegate Cir Carrollton, GA	3.0	2.0	1765	$1,595	$0.90	0d	1	0.88mi
95 Castlegate Cir Carrollton, GA	3.0	2.0	1765	$1,745	$0.99	45d	1	0.88mi
198 Poplar Point Dr Carrollton, GA	3.0	2.0	1248	$1,853	$1.48	0d	1	1.00mi
162 Bethany Forrest Ln Carrollton, GA	4.0	2.0	1386	$1,769	$1.28	3d	1	1.18mi
116 McKenzie Overlook Dr Carrollton, GA	3.0	2.0	1362	$1,845	$1.35	45d	1	1.30mi
255 Morgan Rd Unit A3 Carrollton, GA	3.0	2.5	1438	$1,725	$1.20	12d	1	1.46mi
255 Morgan Rd Unit A3 Carrollton, GA	3.0	2.5	1438	$1,700	$1.18	7d	1	1.46mi

Listing history 25 events

1. 2026-06-21
   days on market $214,900 Active 30 DOM
2. 2026-06-18
   days on market $214,900 Active 27 DOM
3. 2026-06-17
   price $214,900 Active 26 DOM

   Show marketing remark (1481 chars)

   This beautifully remodeled 3-bedroom, 2-bathroom home in Carrollton sits on a spacious .88 acre lot and is completely move-in ready with modern finishes and quality upgrades throughout. Inside, you'll find fresh paint on the ceilings, walls, doors, and trim, along with all new light fixtures that create a bright and updated feel. Brushed nickel finishes on the door hardware, plumbing fixtures, and lighting add a clean, contemporary touch throughout the home. The kitchen features stainless steel appliances, offering both style and functionality. Major system upgrades provide added peace of mind, including a new propane HVAC and air conditioning system with warranties, as well as a new metal roof backed by a 10-year workmanship guarantee and a 40-year manufacturer warranty. The home is set on a permanent foundation that has been inspected and updated to meet FHA requirements. Exterior improvements include new vinyl double-pane Low E windows with screens, fresh paint on the foundation walls, new shutters, and updated exterior lighting at every entrance. Brand new decks at the front porch and side entry create ideal spaces for relaxing or entertaining outdoors. Additional upgrades include a new front door, a new side door, and a brand new mailbox with post for added curb appeal. With thoughtful updates, dependable systems, and plenty of outdoor space, this property offers the perfect combination of comfort, style, and convenience in a great Carrollton location.

4. 2026-06-17
   days on market $225,000 Active 26 DOM

   Show marketing remark (1481 chars)

   This beautifully remodeled 3-bedroom, 2-bathroom home in Carrollton sits on a spacious .88 acre lot and is completely move-in ready with modern finishes and quality upgrades throughout. Inside, you'll find fresh paint on the ceilings, walls, doors, and trim, along with all new light fixtures that create a bright and updated feel. Brushed nickel finishes on the door hardware, plumbing fixtures, and lighting add a clean, contemporary touch throughout the home. The kitchen features stainless steel appliances, offering both style and functionality. Major system upgrades provide added peace of mind, including a new propane HVAC and air conditioning system with warranties, as well as a new metal roof backed by a 10-year workmanship guarantee and a 40-year manufacturer warranty. The home is set on a permanent foundation that has been inspected and updated to meet FHA requirements. Exterior improvements include new vinyl double-pane Low E windows with screens, fresh paint on the foundation walls, new shutters, and updated exterior lighting at every entrance. Brand new decks at the front porch and side entry create ideal spaces for relaxing or entertaining outdoors. Additional upgrades include a new front door, a new side door, and a brand new mailbox with post for added curb appeal. With thoughtful updates, dependable systems, and plenty of outdoor space, this property offers the perfect combination of comfort, style, and convenience in a great Carrollton location.

5. 2026-06-16
   days on market $225,000 Active 25 DOM
6. 2026-06-15
   days on market $225,000 Active 24 DOM
7. 2026-06-13
   days on market $225,000 Active 22 DOM
8. 2026-06-09
   days on market $225,000 Active 18 DOM
9. 2026-06-08
   days on market $225,000 Active 17 DOM
10. 2026-06-07
    days on market $225,000 Active 16 DOM
11. 2026-06-04
    days on market $225,000 Active 13 DOM
12. 2026-06-03
    days on market $225,000 Active 12 DOM
13. 2026-06-02
    days on market $225,000 Active 11 DOM
14. 2026-06-01
    days on market $225,000 Active 10 DOM
15. 2026-05-31
    days on market $225,000 Active 9 DOM
16. 2026-05-22
    listed $225,000 New 1481-char remark

    Show marketing remark (1481 chars)

    This beautifully remodeled 3-bedroom, 2-bathroom home in Carrollton sits on a spacious .88 acre lot and is completely move-in ready with modern finishes and quality upgrades throughout. Inside, you'll find fresh paint on the ceilings, walls, doors, and trim, along with all new light fixtures that create a bright and updated feel. Brushed nickel finishes on the door hardware, plumbing fixtures, and lighting add a clean, contemporary touch throughout the home. The kitchen features stainless steel appliances, offering both style and functionality. Major system upgrades provide added peace of mind, including a new propane HVAC and air conditioning system with warranties, as well as a new metal roof backed by a 10-year workmanship guarantee and a 40-year manufacturer warranty. The home is set on a permanent foundation that has been inspected and updated to meet FHA requirements. Exterior improvements include new vinyl double-pane Low E windows with screens, fresh paint on the foundation walls, new shutters, and updated exterior lighting at every entrance. Brand new decks at the front porch and side entry create ideal spaces for relaxing or entertaining outdoors. Additional upgrades include a new front door, a new side door, and a brand new mailbox with post for added curb appeal. With thoughtful updates, dependable systems, and plenty of outdoor space, this property offers the perfect combination of comfort, style, and convenience in a great Carrollton location.

17. 2026-05-22
    listed $225,000 Active

    Show marketing remark (1481 chars)

    This beautifully remodeled 3-bedroom, 2-bathroom home in Carrollton sits on a spacious .88 acre lot and is completely move-in ready with modern finishes and quality upgrades throughout. Inside, you'll find fresh paint on the ceilings, walls, doors, and trim, along with all new light fixtures that create a bright and updated feel. Brushed nickel finishes on the door hardware, plumbing fixtures, and lighting add a clean, contemporary touch throughout the home. The kitchen features stainless steel appliances, offering both style and functionality. Major system upgrades provide added peace of mind, including a new propane HVAC and air conditioning system with warranties, as well as a new metal roof backed by a 10-year workmanship guarantee and a 40-year manufacturer warranty. The home is set on a permanent foundation that has been inspected and updated to meet FHA requirements. Exterior improvements include new vinyl double-pane Low E windows with screens, fresh paint on the foundation walls, new shutters, and updated exterior lighting at every entrance. Brand new decks at the front porch and side entry create ideal spaces for relaxing or entertaining outdoors. Additional upgrades include a new front door, a new side door, and a brand new mailbox with post for added curb appeal. With thoughtful updates, dependable systems, and plenty of outdoor space, this property offers the perfect combination of comfort, style, and convenience in a great Carrollton location.

18. 2023-07-24
    historical
19. 2023-06-26
    status Back On Market
20. 2023-06-20
    status Under Contract
21. 2023-06-02
    price $450,000
22. 2023-05-24
    price $475,000
23. 2023-05-14
    price $485,000
24. 2023-04-26
    listed $500,000 New
25. 2016-01-25
    soldstatus $706,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,828
• − Mortgage interest: −$12,038
• − Property taxes: −$3,224
• − Insurance: −$1,074
• − Repairs & maintenance: −$1,826
• − Management: −$1,826
• − Depreciation: −$6,252
• Taxable loss: −$3,412
• Est. tax savings @ 24.0%: +$819
• After-tax cash flow: $1,031/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: Carroll County
• NCES district ID: 1300840
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 41% ▼ -8.00%
• Median HH income: $48,692
• Composite: 35.62/100
• National rank: #4888
• State rank: #38 of 174 in GA

Livability — Carrollton

• Score: 69/100
• State rank: #113
• US rank: #8542

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Carroll County · 124,888 people
• City population: 61,993
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 22,189
• Household income: $77,030
• Rent vs Own: 20.9% rent · 79.1% own
• Severe rent burden: 332.0

Population outlook (Carroll County) Hauer SSP2

• Today (2025): 123,370 people
• By 2030: 127,186 · +3.1%
• By 2040: 133,534 · +8.2%
• By 2050: 137,612 · +11.5%
• By 2075: 142,892 · +15.8%
• By 2100: 136,294 · +10.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (68%)
• Race & ethnicity: White 68% Black 16% Hispanic / Latino 11% Two or more races 6%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 1%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 90% English-only · Spanish 9%

Political lean MEDSL · Carroll

• 2024 margin: Solid R (+41.2) · D 29.1% · R 70.3%
• 2008→2024 swing: -8.2pp toward R · 2008: -32.9pp · 2024: -41.2pp
• All cycles: 2024: R+41.2 2020: R+39.0 2016: R+40.1 2012: R+37.7 2008: R+32.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -9.61%
• Current HPI: 365.8744
• Rent YoY: —
• 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

-69.6% since first listed

12 events — show timeline

• 2026-06-17 Price Changed $214,900 FMLS
• 2026-06-17 Price Changed $214,900 GAMLS
• 2026-05-22 Listed $225,000 FMLS
• 2026-05-22 Listed $225,000 GAMLS
• 2023-07-24 Listing Removed — GAMLS
• 2023-06-26 Relisted — GAMLS
• 2023-06-20 Pending — GAMLS
• 2023-06-02 Price Changed $450,000 GAMLS
• 2023-05-24 Price Changed $475,000 GAMLS
• 2023-05-14 Price Changed $485,000 GAMLS
• 2023-04-26 Listed $500,000 GAMLS
• 2016-01-25 Sold (Public Records) $706,500 Public Records

Property tax history

-5.3%/yr

Latest (2025): $188 · -4.2% YoY. Source: county tax records.