307 Pine St · Rome, GA 30161

$116,100

2 bd · 1.0 ba · 934 sqft · SingleFamily public records · 45 Days on market

Built 1930 6,534 sqft lot $124/sqft · 32% above area Est $88k · 32% over

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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 +24.9/30.0
• DSCR +8.1/10.0
• 1% rule +6.3/10.0
• Rent growth +4.1/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful brick home! Updated with a new HVAC unit, new flooring, gutters, new appliances, updated tile bathroom, new fixtures, fresh paint throughout home! Bonus room that could be extra bedroom- office-den. Total electric with a nice fenced in backyard for the dog or children & a nice size storage building out back. All you have to do is move in!

Key facts

• 6,534 sq ft lot
• Built 1930
• Listed 45 days

Property features AI

Finance

• Other: Lot approximately 0.15 acre; Approximate building/living area 934 (public records)
• HOA & community: No homeowners association; No community features listed

Exterior

• Parking: Off-street parking
• Utilities: Public water; Private sewer; Electricity available
• Home design: Single family residence (house); Resale property; Built in 1930
• Construction: Brick construction; Composition roof; No basement
• Exterior features: City lot

Interior

• Kitchen: Laundry located in the kitchen
• Bedrooms: 2 bedrooms on the main level
• Flooring: Other flooring
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: One-level layout; Family room
• Laundry & utility: Laundry in kitchen

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $116k.

Deal economics

• At list price, monthly cash flow is $248 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $116k).
• Recommended offer: $113k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 3.3% 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: crime F, amenities F, commute 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.
• Zoned schools: Main Elementary School (math 9% / reading 10%, grade F, #1,122 of 1,228 statewide, top 91%, 419 students, 97% FRL); Rome Middle School (math 32% / reading 35%, grade F, #206 of 470 statewide, top 45%, 966 students, 55% FRL); Rome High School (math 12% / reading 15%, grade F, #325 of 424 statewide, top 78%, 2,095 students, 66% FRL) — zoned schools at 73% FRL track the district average.
• Market conditions: Rents rising fast (+6.3%/yr); 411 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $803 of loan paydown is wiped out by about $3k 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 $33k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 45 days — a 3% lower offer ($113k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $13k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1930 — 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 $112,617 (3.0% below list)

Questions for the listing agent

1. It's been on market 45 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.13% ✓
• Cap rate: 8.86%
• Cash-on-cash: 9.16%
• DSCR: 1.41
• GRM: 7.4

CMA / ARV

• ARV (median comp): $88,100
• List price: $116,100
• Delta: 31.78%
• 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
5 Roseway Cir NE	0.12mi	3/1.0 (+1)	936 (+0%)	4mo	$58,000	$62	85
103 Howell St NE	0.22mi	2/1.0	990 (+6%)	5mo	$86,500	$87	76
205 Howell St NE	0.18mi	3/1.0 (+1)	936 (+0%)	15mo	$60,000	$64	74
4 Roseway Cir NE	0.11mi	3/1.0 (+1)	1,014 (+9%)	9mo	$158,500	$156	68
411 Superba Ave NE	0.53mi	2/1.5	966 (+3%)	15mo	$185,000	$192	55
27 Roseway Cir NE	0.04mi	3/1.0 (+1)	1,072 (+15%)	20mo	$169,900	$158	52
20 Stevens St NE	0.45mi	3/1.0 (+1)	1,052 (+13%)	2mo	$58,200	$55	51
114 Perkins St NE	0.70mi	3/1.0 (+1)	936 (+0%)	14mo	$165,000	$176	50
301 Reynolds St NE	0.48mi	2/2.0	1,010 (+8%)	16mo	$73,500	$73	47
507 Superba Ave NE	0.67mi	3/1.0 (+1)	971 (+4%)	13mo	$175,000	$180	47
18 Poplar St NE	0.72mi	2/1.0	837 (-10%)	15mo	$184,000	$220	37
2120 Southern St NE	0.70mi	2/1.0	801 (-14%)	15mo	$118,000	$147	31

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: 1.1%
• Equity multiple: 1.05×
• Total profit: $1,475
• Equity at exit: $17,311

10-year hold

• IRR: 13.8%
• Equity multiple: 2.27×
• Total profit: $41,337
• Equity at exit: $10,038

Cash invested: $32,508 (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: 411
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,314 high
• Mortgage (P&I): −$609
• Tax from tax record: −$133 /mo · $1,593/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$276
• Net cashflow: $248

Break-even live

Break-even rent $1,000

Max offer price $116,100

Occupancy floor 76%

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: $29,025
• Closing costs: $3,483
• Reserves months: —
• Total cash needed: —

Rent comps 7 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	43d	1	0.16mi
207 Reynolds St NE Unit 4D Rome, GA	1.0	1.0	550	$1,000	$1.82	43d	1	0.45mi
19 Poplar St NE Unit Na Rome, GA	2.0	1.0	1020	$1,550	$1.52	43d	1	0.68mi
525 W 13th St NE Rome, GA	2.0–3.0	2.0	1059	$1,349	$1.27	43d	12	1.03mi
2310 Village Blvd SE Rome, GA	1.0	1.5	929	$1,750	$1.88	44d	1	1.10mi
340 W 3rd St Rome, GA	2.0	1.0–2.0	804	$2,225	$2.77	43d	27	1.24mi
400 McDonald St NW Rome, GA	1.0	1.0	950	$1,400	$1.47	43d	1	1.32mi

Listing history 26 events

1. 2026-06-19
   days on market $116,100 Active 45 DOM
2. 2026-06-18
   days on market $116,100 Active 44 DOM
3. 2026-06-17
   days on market $116,100 Active 43 DOM
4. 2026-06-16
   days on market $116,100 Active 42 DOM
5. 2026-06-15
   days on market $116,100 Active 41 DOM
6. 2026-06-14
   days on market $116,100 Active 39 DOM
7. 2026-06-13
   days on market $116,100 Active 38 DOM
8. 2026-06-10
   remarks 138-char remark
9. 2026-06-10
   days on market $116,100 Active 36 DOM
10. 2026-06-09
    days on market $116,100 Active 35 DOM
11. 2026-06-08
    days on market $116,100 Active 34 DOM
12. 2026-06-07
    days on market $116,100 Active 33 DOM
13. 2026-06-05
    statusdays on market $116,100 Active 30 DOM
14. 2026-06-03
    days on market $116,100 Price Change 29 DOM
15. 2026-06-02
    days on market $116,100 Price Change 28 DOM
16. 2026-06-01
    pricestatusdays on market $116,100 Price Change 27 DOM
17. 2026-05-31
    days on market $129,000 Active 26 DOM
18. 2026-05-30
    days on market $129,000 Active 25 DOM
19. 2026-04-30
    listed $129,000 New 84-char remark
20. 2022-11-14
    soldstatus $150,000
21. 2022-11-08
    soldstatus $150,000 Sold 354-char remark

    Show marketing remark (354 chars)

    Beautiful brick home! Updated with a new HVAC unit, new flooring, gutters, new appliances, updated tile bathroom, new fixtures, fresh paint throughout home! Bonus room that could be extra bedroom- office-den. Total electric with a nice fenced in backyard for the dog or children & a nice size storage building out back. All you have to do is move in!

22. 2022-10-09
    status Under Contract 354-char remark

    Show marketing remark (354 chars)

    Beautiful brick home! Updated with a new HVAC unit, new flooring, gutters, new appliances, updated tile bathroom, new fixtures, fresh paint throughout home! Bonus room that could be extra bedroom- office-den. Total electric with a nice fenced in backyard for the dog or children & a nice size storage building out back. All you have to do is move in!

23. 2022-09-30
    status Back On Market 354-char remark

    Show marketing remark (354 chars)

    Beautiful brick home! Updated with a new HVAC unit, new flooring, gutters, new appliances, updated tile bathroom, new fixtures, fresh paint throughout home! Bonus room that could be extra bedroom- office-den. Total electric with a nice fenced in backyard for the dog or children & a nice size storage building out back. All you have to do is move in!

24. 2022-09-27
    status Under Contract 354-char remark

    Show marketing remark (354 chars)

    Beautiful brick home! Updated with a new HVAC unit, new flooring, gutters, new appliances, updated tile bathroom, new fixtures, fresh paint throughout home! Bonus room that could be extra bedroom- office-den. Total electric with a nice fenced in backyard for the dog or children & a nice size storage building out back. All you have to do is move in!

25. 2022-09-21
    listed $149,900 New 354-char remark

    Show marketing remark (354 chars)

    Beautiful brick home! Updated with a new HVAC unit, new flooring, gutters, new appliances, updated tile bathroom, new fixtures, fresh paint throughout home! Bonus room that could be extra bedroom- office-den. Total electric with a nice fenced in backyard for the dog or children & a nice size storage building out back. All you have to do is move in!

26. 1969-03-28
    soldstatus $8,000

ⓘ 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: $1,593 · $133/mo
• Projected year-2 tax: $1,593 · $133/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 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: $15,768
• − Mortgage interest: −$6,503
• − Property taxes: −$1,593
• − Insurance: −$580
• − Repairs & maintenance: −$1,261
• − Management: −$1,261
• − Depreciation: −$3,377
• Taxable income: $1,190
• Est. tax owed @ 24.0%: −$286
• After-tax cash flow: $2,691/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

+1351.2% since first listed

9 events — show timeline

• 2026-06-01 Price Changed $116,100 GAMLS
• 2026-04-30 Listed $129,000 GAMLS
• 2022-11-14 Sold (Public Records) $150,000 Public Records
• 2022-11-08 Sold (MLS) $150,000 GAMLS
• 2022-10-09 Pending — GAMLS
• 2022-09-30 Relisted — GAMLS
• 2022-09-27 Pending — GAMLS
• 2022-09-21 Listed $149,900 GAMLS
• 1969-03-28 Sold (Public Records) $8,000 Public Records

Property tax history

+25.2%/yr

Latest (2025): $1,593 · +8.3% YoY. Source: county tax records.