349 Ross St NE · Rome, GA 30161

$151,000

3 bd · 1.0 ba · 1,190 sqft · SingleFamily public records · 109 Days on market

Built 1950 0.30 ac lot $127/sqft · 68% above area

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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 +24.6/30.0
• DSCR +7.9/10.0
• ARV discount +7.5/15.0
• 1% rule +5.4/10.0
• Rent growth +4.1/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This home has seen a number of important updates, including a new roof, new HVAC system, new plumbing, and new electrical brought up to current code. An engineer's letter is included with the property, providing documentation for the work that has been completed. Inside, the home has been partially refreshed with new carpet in the bedrooms, along with new cabinets and appliances in the kitchen. The property sits on a large lot with street frontage on both sides, giving the property excellent access and flexibility. The lower side of the lot would be a great location for a future ADU or additional structure. A solid home with many of the major systems already updated and additional potential with the lot!

Key facts

• New plumbing
• New cabinets
• New electrical

Tags

• NEW ROOF
• NEW HVAC SYSTEM
• NEW PLUMBING
• NEW ELECTRICAL
• NEW CABINETS
• NEW APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $151k.

Deal economics

• At list price, monthly cash flow is $312 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $151k).
• Recommended offer: $137k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.8% vs local median 3.4% 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: schools F, crime F, amenities F.
• Rome City (urban): math 27% / reading 29% proficiency, ranked #112 of 174 in GA (top 64%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 71% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+6.3%/yr); 416 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 355 units permitted in Floyd County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% 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.
• 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 + 6.3% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 109 days — a 9% lower offer ($137k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago; this cycle's ask has dropped $49k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $55k; list at $151k implies a 175% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $137,410 (9.0% below list)

Questions for the listing agent

1. It's been on market 109 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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. 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?
7. 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.
8. 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.
9. 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: 8.77%
• Cash-on-cash: 8.86%
• DSCR: 1.39
• GRM: 8.0

CMA / ARV

• ARV (median comp): $90,013
• List price: $151,000
• Delta: 67.75%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
205 Camp St NE	0.29mi	2/2.0 (-1)	1,224 (+3%)	10mo	$182,000	$149	64
4 Roseway Cir NE	0.11mi	3/1.0	1,014 (-15%)	9mo	$158,500	$156	63
43 King Bee Cir NE	0.60mi	3/2.0	1,269 (+7%)	5mo	$180,000	$142	53
110 Burnett St NE	0.48mi	3/1.0	1,306 (+10%)	10mo	$139,900	$107	53
20 Stevens St NE	0.57mi	3/1.0	1,052 (-12%)	2mo	$58,200	$55	53
412 North Ave	0.66mi	3/1.0	1,092 (-8%)	5mo	$167,000	$153	52
121 Wadsworth St NE	0.62mi	3/2.0	1,116 (-6%)	6mo	$139,000	$125	51
122 Perkins St NE	0.74mi	3/2.0	1,289 (+8%)	3mo	$199,000	$154	45
308 Perkins St NE	0.66mi	3/1.0	1,338 (+12%)	5mo	$37,000	$28	44
200 Ross St NE	0.44mi	3/2.0	1,358 (+14%)	9mo	$190,000	$140	44
205 Couper St NE	0.55mi	2/1.0 (-1)	1,349 (+13%)	6mo	$189,900	$141	42
501 Calhoun Ave NE	0.63mi	3/2.0	1,329 (+12%)	10mo	$132,000	$99	39

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 · 6.28% rent growth · sell at horizon

5-year hold

• IRR: 0.4%
• Equity multiple: 1.02×
• Total profit: $718
• Equity at exit: $22,515

10-year hold

• IRR: 12.9%
• Equity multiple: 2.17×
• Total profit: $49,532
• Equity at exit: $13,056

Cash invested: $42,280 (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 30161

• Rents YoY: 6.3%
• Active inventory: 416
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,570 high
• Mortgage (P&I): −$792
• Tax from tax record: −$74 /mo · $884/yr
• Insurance: −$63
• HOA: −$0
• Vacancy / Maint / Mgmt: −$330
• Net cashflow: $312

Break-even live

Break-even rent $1,175

Max offer price $151,000

Occupancy floor 75%

Sensitivity live

Price	-10% $398	-5% $355	+0% $312	+5% $269	+10% $227
Rent	-10% $188	-5% $250	+0% $312	+5% $374	+10% $436
Rate	-1.0pp $388	-0.5pp $351	base $312	+0.5pp $273	+1.0pp $233

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: $37,750
• Closing costs: $4,530
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1 Roseway Cir NE Rome, GA	2.0	1.0	875	$1,200	$1.37	44d	1	0.13mi
105 W Callahan St Rome, GA	3.0	2.0	1500	$2,000	$1.33	44d	1	0.29mi
3 Forsyth St NE Rome, GA	3.0	2.0	1134	$1,795	$1.58	44d	1	0.30mi
19 Poplar St NE Unit Na Rome, GA	2.0	1.0	1020	$1,550	$1.52	44d	1	0.71mi
525 W 13th St NE Rome, GA	2.0–3.0	2.0	1059	$1,499	$1.41	44d	12	0.91mi
340 W 3rd St Rome, GA	2.0	1.0–2.0	804	$2,225	$2.77	44d	27	1.11mi
413 E 2nd St Rome, GA	2.0	1.5	1328	$1,275	$0.96	44d	1	1.14mi
1005 N 2nd Ave NW #26 Rome, GA	3.0	2.5	1418	$1,700	$1.20	44d	1	1.41mi

Listing history 29 events

1. 2026-06-21
   days on market $151,000 Active 109 DOM
2. 2026-06-19
   days on market $151,000 Active 107 DOM
3. 2026-06-18
   statusdays on market $151,000 Active 106 DOM
4. 2026-06-17
   days on market $151,000 Price Change 105 DOM
5. 2026-06-16
   days on market $151,000 Price Change 104 DOM
6. 2026-06-15
   pricestatus $151,000 Price Change 103 DOM
7. 2026-06-15
   days on market $152,000 Active 103 DOM
8. 2026-06-14
   days on market $152,000 Active 101 DOM
9. 2026-06-13
   days on market $152,000 Active 100 DOM
10. 2026-06-10
    days on market $152,000 Active 98 DOM
11. 2026-06-09
    days on market $152,000 Active 97 DOM
12. 2026-06-08
    days on market $152,000 Active 96 DOM
13. 2026-06-07
    days on market $152,000 Active 95 DOM
14. 2026-06-05
    days on market $152,000 Active 92 DOM
15. 2026-06-03
    days on market $152,000 Active 91 DOM
16. 2026-06-02
    days on market $152,000 Active 90 DOM
17. 2026-06-01
    days on market $152,000 Active 89 DOM
18. 2026-05-31
    days on market $152,000 Active 88 DOM
19. 2026-05-30
    days on market $152,000 Active 87 DOM
20. 2026-05-11
    price $155,000 722-char remark

    Show marketing remark (722 chars)

    This home has seen a number of important updates, including a new roof, new HVAC system, new plumbing, and new electrical brought up to current code. An engineer's letter is included with the property, providing documentation for the work that has been completed. Inside, the home has been partially refreshed with new carpet in the bedrooms, along with new cabinets and appliances in the kitchen. The property sits on a large lot with street frontage on both sides, giving the property excellent access and flexibility. The lower side of the lot would be a great location for a future ADU or additional structure. A solid home with many of the major systems already updated and additional potential with the lot!

21. 2026-04-14
    price $160,000 722-char remark

    Show marketing remark (722 chars)

    This home has seen a number of important updates, including a new roof, new HVAC system, new plumbing, and new electrical brought up to current code. An engineer's letter is included with the property, providing documentation for the work that has been completed. Inside, the home has been partially refreshed with new carpet in the bedrooms, along with new cabinets and appliances in the kitchen. The property sits on a large lot with street frontage on both sides, giving the property excellent access and flexibility. The lower side of the lot would be a great location for a future ADU or additional structure. A solid home with many of the major systems already updated and additional potential with the lot!

22. 2026-04-14
    price $170,000 722-char remark

    Show marketing remark (722 chars)

    This home has seen a number of important updates, including a new roof, new HVAC system, new plumbing, and new electrical brought up to current code. An engineer's letter is included with the property, providing documentation for the work that has been completed. Inside, the home has been partially refreshed with new carpet in the bedrooms, along with new cabinets and appliances in the kitchen. The property sits on a large lot with street frontage on both sides, giving the property excellent access and flexibility. The lower side of the lot would be a great location for a future ADU or additional structure. A solid home with many of the major systems already updated and additional potential with the lot!

23. 2026-03-26
    price $180,000 722-char remark

    Show marketing remark (722 chars)

    This home has seen a number of important updates, including a new roof, new HVAC system, new plumbing, and new electrical brought up to current code. An engineer's letter is included with the property, providing documentation for the work that has been completed. Inside, the home has been partially refreshed with new carpet in the bedrooms, along with new cabinets and appliances in the kitchen. The property sits on a large lot with street frontage on both sides, giving the property excellent access and flexibility. The lower side of the lot would be a great location for a future ADU or additional structure. A solid home with many of the major systems already updated and additional potential with the lot!

24. 2026-03-12
    price $190,000 722-char remark

    Show marketing remark (722 chars)

    This home has seen a number of important updates, including a new roof, new HVAC system, new plumbing, and new electrical brought up to current code. An engineer's letter is included with the property, providing documentation for the work that has been completed. Inside, the home has been partially refreshed with new carpet in the bedrooms, along with new cabinets and appliances in the kitchen. The property sits on a large lot with street frontage on both sides, giving the property excellent access and flexibility. The lower side of the lot would be a great location for a future ADU or additional structure. A solid home with many of the major systems already updated and additional potential with the lot!

25. 2026-03-04
    listed $200,000 New 722-char remark

    Show marketing remark (722 chars)

    This home has seen a number of important updates, including a new roof, new HVAC system, new plumbing, and new electrical brought up to current code. An engineer's letter is included with the property, providing documentation for the work that has been completed. Inside, the home has been partially refreshed with new carpet in the bedrooms, along with new cabinets and appliances in the kitchen. The property sits on a large lot with street frontage on both sides, giving the property excellent access and flexibility. The lower side of the lot would be a great location for a future ADU or additional structure. A solid home with many of the major systems already updated and additional potential with the lot!

26. 2025-11-18
    soldstatus $55,000
27. 2018-11-08
    soldstatus $34,700
28. 2018-08-01
    historical
29. 2017-08-15
    listed $99,900 Active

ⓘ 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: $884 · $74/mo
• Projected year-2 tax: $1,389 · $116/mo
• Expected delta: +$506/yr (+$42/mo · 57.2%)

ⓘ 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 ≥104°F today · 19 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: $18,844
• − Mortgage interest: −$8,458
• − Property taxes: −$884
• − Insurance: −$755
• − Repairs & maintenance: −$1,508
• − Management: −$1,508
• − Depreciation: −$4,393
• Taxable income: $1,339
• Est. tax owed @ 24.0%: −$321
• After-tax cash flow: $3,424/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: Rome City
• NCES district ID: 1304440
• Math proficiency: 27% ▼ -14.00%
• Reading proficiency: 29% ▼ -4.00%
• Median HH income: $34,889
• Composite: 23.1/100
• National rank: #7963
• State rank: #112 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

• Census place: Rome, GA
• County: Floyd County · 77,706 people
• City population: 77,706
• Metro: Rome, GA
• Population (ZIP): 34,705
• Household income: $61,667
• Rent vs Own: 39.3% rent · 60.7% own
• Severe rent burden: 1104.0

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: Predominantly White (68%)
• Race & ethnicity: White 68% Black 20% Hispanic / Latino 7% Two or more races 6% Asian 1%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Slovak 3% Serbian 2% Italian 2%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 5% Other Indo-European 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: ▼ -186.06%
• Current HPI: 257.8168
• Rent YoY: ▲ 6.28%
• 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

+55.2% since first listed

10 events — show timeline

• 2026-05-11 Price Changed $155,000 GAMLS
• 2026-04-14 Price Changed $160,000 GAMLS
• 2026-04-14 Price Changed $170,000 GAMLS
• 2026-03-26 Price Changed $180,000 GAMLS
• 2026-03-12 Price Changed $190,000 GAMLS
• 2026-03-04 Listed $200,000 GAMLS
• 2025-11-18 Sold (Public Records) $55,000 Public Records
• 2018-11-08 Sold (Public Records) $34,700 Public Records
• 2018-08-01 Listing Removed — FMLS
• 2017-08-15 Listed $99,900 FMLS

Property tax history

+22.7%/yr

Latest (2025): $884 · +9.5% YoY. Source: county tax records.