7437 Highway 53 W · Jasper, GA 30143

$299,900

3 bd · 2.0 ba · 1,836 sqft · Manufactured public records · 46 Days on market

Built 2021 2.65 ac lot

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Why this score? — see what drove the F 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 +8.2/30.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0
• 1% rule +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Room to Roam: 4 Bedroom Home with Land, Storm Shelter, Playground & More! Welcome home to this beautiful 4-bedroom, 2-bath property nestled in the highly desirable west end of Pickens County. Designed with both comfort and functionality in mind, this home offers plenty of space for everyday living and entertaining, featuring both a spacious living room and a cozy family room. Enjoy peaceful mornings and relaxing evenings on the back porch, all while taking in the natural beauty that surrounds the property. The expansive, level land offers endless possibilities whether you envision a garden, additional outdoor living space, or room for future improvements. Great for families, this property includes a playground area, a storm shelter for added peace of mind, and an outbuilding with electric for storage or workspace needs, upgraded thermostat, security system, gutters that feed into rain barrels for waters a garden or the blueberry bushes. Nature lovers will appreciate the abundance of wildlife, including frequent deer sightings, creating a serene country setting. With its family-friendly layout, beautiful surroundings, and versatile land, this property offers the perfect blend of comfort, privacy, and potential.

Key facts

• Expansive level land
• Storm shelter
• Playground area

Tags

• STORM SHELTER
• PLAYGROUND AREA
• OUTBUILDING WITH ELECTRIC
• EXPANSIVE LEVEL LAND

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $300k.

Deal economics

• At list price, monthly cash flow is $-283 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $250k (16.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (35.0% below list).
• Recommended offer: $195k (35.0% below list) — sets the bar for 1% rule.
• Cap rate 5.2% vs local median 2.8% in Jasper — 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 74/100 on livability (#44 in GA, #4,976 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, health & safety A+; Watch: amenities D-, commute F, employment F.
• Pickens County (rural): math 35% / reading 35% proficiency, ranked #59 of 174 in GA (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hill City Elementary School (math 47% / reading 32%, grade F, #435 of 1,228 statewide, top 37%, 596 students, 45% FRL); Pickens County High School (math 34% / reading 28%, grade F, #127 of 424 statewide, top 30%, 1,259 students, 36% FRL) — zoned schools at 40% FRL track the district average.
• Market conditions: 723 active listings in the ZIP; 260 units permitted in Pickens County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 5y ago; this cycle's ask has dropped $39k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $217k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $195,028 (35.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 35% concession, seller financing, or rate buy-down credit?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.65% ✗
• Cap rate: 5.16%
• Cash-on-cash: -4.04%
• DSCR: 0.82
• GRM: 12.8

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: -23.2%
• Equity multiple: 0.21×
• Total profit: $-66,731
• Equity at exit: $44,716

10-year hold

• IRR: -17.9%
• Equity multiple: 0.03×
• Total profit: $-81,802
• Equity at exit: $25,930

Cash invested: $83,972 (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 30143

• Home prices YoY: -14.4%
• Active inventory: 723
• Price-to-rent: 12.8×

Monthly cashflow live

• Estimated rent: $1,950 medium
• Mortgage (P&I): −$1,573
• Tax from tax record: −$126 /mo · $1,510/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $-283

Break-even live

Break-even rent $2,308

Max offer price $249,945

Occupancy floor —

Sensitivity live

Price	-10% $-113	-5% $-198	+0% $-283	+5% $-368	+10% $-453
Rent	-10% $-437	-5% $-360	+0% $-283	+5% $-206	+10% $-129
Rate	-1.0pp $-132	-0.5pp $-207	base $-283	+0.5pp $-360	+1.0pp $-440

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-14
   status Pending 1246-char remark

   Show marketing remark (1246 chars)

   Room to Roam: 4 Bedroom Home with Land, Storm Shelter, Playground & More! Welcome home to this beautiful 4-bedroom, 2-bath property nestled in the highly desirable west end of Pickens County. Designed with both comfort and functionality in mind, this home offers plenty of space for everyday living and entertaining, featuring both a spacious living room and a cozy family room. Enjoy peaceful mornings and relaxing evenings on the back porch, all while taking in the natural beauty that surrounds the property. The expansive, level land offers endless possibilities whether you envision a garden, additional outdoor living space, or room for future improvements. Great for families, this property includes a playground area, a storm shelter for added peace of mind, and an outbuilding with electric for storage or workspace needs, upgraded thermostat, security system, gutters that feed into rain barrels for waters a garden or the blueberry bushes. Nature lovers will appreciate the abundance of wildlife, including frequent deer sightings, creating a serene country setting. With its family-friendly layout, beautiful surroundings, and versatile land, this property offers the perfect blend of comfort, privacy, and potential.

2. 2026-04-28
   price $299,900 1246-char remark

   Show marketing remark (1246 chars)

   Room to Roam: 4 Bedroom Home with Land, Storm Shelter, Playground & More! Welcome home to this beautiful 4-bedroom, 2-bath property nestled in the highly desirable west end of Pickens County. Designed with both comfort and functionality in mind, this home offers plenty of space for everyday living and entertaining, featuring both a spacious living room and a cozy family room. Enjoy peaceful mornings and relaxing evenings on the back porch, all while taking in the natural beauty that surrounds the property. The expansive, level land offers endless possibilities whether you envision a garden, additional outdoor living space, or room for future improvements. Great for families, this property includes a playground area, a storm shelter for added peace of mind, and an outbuilding with electric for storage or workspace needs, upgraded thermostat, security system, gutters that feed into rain barrels for waters a garden or the blueberry bushes. Nature lovers will appreciate the abundance of wildlife, including frequent deer sightings, creating a serene country setting. With its family-friendly layout, beautiful surroundings, and versatile land, this property offers the perfect blend of comfort, privacy, and potential.

3. 2026-03-29
   listed $339,000 Active 1246-char remark

   Show marketing remark (1246 chars)

   Room to Roam: 4 Bedroom Home with Land, Storm Shelter, Playground & More! Welcome home to this beautiful 4-bedroom, 2-bath property nestled in the highly desirable west end of Pickens County. Designed with both comfort and functionality in mind, this home offers plenty of space for everyday living and entertaining, featuring both a spacious living room and a cozy family room. Enjoy peaceful mornings and relaxing evenings on the back porch, all while taking in the natural beauty that surrounds the property. The expansive, level land offers endless possibilities whether you envision a garden, additional outdoor living space, or room for future improvements. Great for families, this property includes a playground area, a storm shelter for added peace of mind, and an outbuilding with electric for storage or workspace needs, upgraded thermostat, security system, gutters that feed into rain barrels for waters a garden or the blueberry bushes. Nature lovers will appreciate the abundance of wildlife, including frequent deer sightings, creating a serene country setting. With its family-friendly layout, beautiful surroundings, and versatile land, this property offers the perfect blend of comfort, privacy, and potential.

4. 2021-05-28
   soldstatus $217,000 Closed 501-char remark

   Show marketing remark (501 chars)

   Brand new home on large, 2.65 acre, wooded lot. Room for your growing family with this new home. Three bedrooms, two baths and an office. Both a family room and living room. Island kitchen with dining room. Open floor plan makes this already roomy home live even bigger. Large rear deck to enjoy this beautiful wooded acreage providing you with plenty of privacy. Motel style master bedroom with private bath and walk in closet. Many family features for your enjoyment. Close to schools and shopping.

5. 2021-05-03
   status Pending 501-char remark

   Show marketing remark (501 chars)

   Brand new home on large, 2.65 acre, wooded lot. Room for your growing family with this new home. Three bedrooms, two baths and an office. Both a family room and living room. Island kitchen with dining room. Open floor plan makes this already roomy home live even bigger. Large rear deck to enjoy this beautiful wooded acreage providing you with plenty of privacy. Motel style master bedroom with private bath and walk in closet. Many family features for your enjoyment. Close to schools and shopping.

6. 2021-04-24
   listed $234,500 Active 501-char remark

   Show marketing remark (501 chars)

   Brand new home on large, 2.65 acre, wooded lot. Room for your growing family with this new home. Three bedrooms, two baths and an office. Both a family room and living room. Island kitchen with dining room. Open floor plan makes this already roomy home live even bigger. Large rear deck to enjoy this beautiful wooded acreage providing you with plenty of privacy. Motel style master bedroom with private bath and walk in closet. Many family features for your enjoyment. Close to schools and shopping.

7. 2020-09-11
   soldstatus $47,000

ⓘ 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: $1,510 · $126/mo
• Projected year-2 tax: $2,759 · $230/mo
• Expected delta: +$1,249/yr (+$104/mo · 82.7%)

ⓘ 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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥99°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,403
• − Mortgage interest: −$16,799
• − Property taxes: −$1,510
• − Insurance: −$1,500
• − Repairs & maintenance: −$1,872
• − Management: −$1,872
• − Depreciation: −$8,724
• Taxable loss: −$8,874
• Est. tax savings @ 24.0%: +$2,130
• After-tax cash flow: $-1,264/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: Pickens County
• NCES district ID: 1304110
• Math proficiency: 35% ▼ -11.00%
• Reading proficiency: 35% ▼ -5.00%
• Median HH income: $53,760
• Composite: 30.72/100
• National rank: #6165
• State rank: #59 of 174 in GA

Livability — Jasper

• Score: 74/100
• State rank: #44
• US rank: #4976

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 26,738
• Population (ZIP): 26,738

Population outlook (Pickens County) Hauer SSP2

• Today (2025): 32,161 people
• By 2030: 32,815 · +2.0%
• By 2040: 33,427 · +3.9%
• By 2050: 33,077 · +2.8%
• By 2075: 31,291 · -2.7%
• By 2100: 27,205 · -15.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Slovak 5% Serbian 2% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 4%

Political lean MEDSL · Pickens

• 2024 margin: Solid R (+65.8) · D 16.8% · R 82.6%
• 2008→2024 swing: -7.8pp toward R · 2008: -57.9pp · 2024: -65.8pp
• All cycles: 2024: R+65.8 2020: R+65.7 2016: R+69.2 2012: R+67.6 2008: R+57.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -47.27%
• Current HPI: 280.6731
• Rent YoY: —
• Metro: —
• 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

+538.1% since first listed

7 events — show timeline

• 2026-05-14 Pending — FMLS
• 2026-04-28 Price Changed $299,900 FMLS
• 2026-03-29 Listed $339,000 FMLS
• 2021-05-28 Sold (MLS) $217,000 FMLS
• 2021-05-03 Pending — FMLS
• 2021-04-24 Listed $234,500 FMLS
• 2020-09-11 Sold (Public Records) $47,000 Public Records

Property tax history

+60.3%/yr

Latest (2025): $1,510 · -6.5% YoY. Source: county tax records.