140 Creekside Rd · Eatonton, GA 31024

$260,995

3 bd · 2.0 ba · 1,202 sqft · Other · 49 Days on market

Built 2026 Good condition

---

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 +12.3/30.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• DSCR +3.6/10.0
• Livability +3.6/5.0
• 1% rule +3.5/10.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Move in Ready August 2026! The Foxcroft plan by Smith Douglas Homes in the new community Maddox Station. This beautifully crafted home blends modern comfort with thoughtful design. A charming covered front porch welcomes you inside, where a flexible front room has been converted into a third bedroom, enhancing both functionality and style. The open concept living area centers around a stunning kitchen featuring a large island, sleek granite countertops, and abundant cabinetry. The adjoining family room offers a warm, inviting space for gathering and flows seamlessly to the back patio, creating an effortless indoor-outdoor living experience. An extended back patio overlooks the newly landsca

Key facts

• Covered front porch
• Flexible front room
• Large island

Tags

• COVERED FRONT PORCH
• FLEXIBLE FRONT ROOM
• STUNNING KITCHEN
• LARGE ISLAND
• GRANITE COUNTERTOPS
• ABUNDANT CABINETRY

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $261k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-49 ($-593/yr) — negative.
• To cash-flow at today's rent, offer at most $254k (2.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $222k (14.9% below list).
• Recommended offer: $222k (14.9% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.2% in Eatonton — 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 (#76 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: schools F, amenities F, commute F.
• Putnam County (rural): math 33% / reading 30% proficiency, ranked #86 of 174 in GA (top 49%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 522 active listings in the ZIP; 129 units permitted in Putnam County in 2024 (50 in 5+ unit buildings).
• This rent runs 40% of the median local income ($66k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Putnam County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($253k) is reasonable based on typical stale-listing flexibility.

Recommended offer $222,063 (14.9% 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 49 days. Have you received any prior offers? Is the seller open to a 15% 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 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. 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: 0.85% ✗
• Cap rate: 6.07%
• Cash-on-cash: -0.81%
• DSCR: 0.96
• GRM: 9.8

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: -17.6%
• Equity multiple: 0.38×
• Total profit: $-45,404
• Equity at exit: $38,915

10-year hold

• IRR: -9.7%
• Equity multiple: 0.41×
• Total profit: $-43,451
• Equity at exit: $22,566

Cash invested: $73,079 (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 31024

• Active inventory: 522
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,221 medium
• Mortgage (P&I): −$1,369
• Tax est. 1.5%: −$326 /mo · $3,915/yr
• Insurance: −$109
• HOA: −$0
• Vacancy / Maint / Mgmt: −$466
• Net cashflow: $-49

Break-even live

Break-even rent $2,283

Max offer price $253,850

Occupancy floor 97%

Sensitivity live

Price	-10% $131	-5% $41	+0% $-49	+5% $-140	+10% $-230
Rent	-10% $-225	-5% $-137	+0% $-49	+5% $38	+10% $126
Rate	-1.0pp $82	-0.5pp $17	base $-49	+0.5pp $-117	+1.0pp $-186

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: $65,249
• Closing costs: $7,830
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-06-12
   days on market $260,995 Active 49 DOM
2. 2026-06-09
   days on market $260,995 Active 46 DOM
3. 2026-06-08
   days on market $260,995 Active 45 DOM
4. 2026-06-07
   days on market $260,995 Active 44 DOM
5. 2026-06-05
   days on market $260,995 Active 41 DOM
6. 2026-06-03
   days on market $260,995 Active 40 DOM
7. 2026-06-02
   days on market $260,995 Active 39 DOM
8. 2026-06-01
   days on market $260,995 Active 38 DOM
9. 2026-05-31
   days on market $260,995 Active 37 DOM
10. 2026-05-30
    days on market $260,995 Active 36 DOM
11. 2026-04-24
    listed $260,995 Active 1090-char remark

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

Taxation est. · year 1

• Rental income: $26,648
• − Mortgage interest: −$14,620
• − Property taxes: −$3,915
• − Insurance: −$1,305
• − Repairs & maintenance: −$2,132
• − Management: −$2,132
• − Depreciation: −$7,593
• Taxable loss: −$5,048
• Est. tax savings @ 24.0%: +$1,212
• After-tax cash flow: $619/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.

Condition & rehab AI · 12 photos

Good 80/100 None rehab

This move-in-ready home offers a modern and well-maintained interior with a good condition exterior. It has the potential for minor updates to further enhance its value.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics.
• Both Landscaping improvements — Enhances curb appeal and adds value to the property.
• Both New flooring in bathrooms — Fresh flooring improves aesthetics and functionality in bathrooms.
• Both New kitchen appliances — Modern appliances enhance functionality and appeal in the kitchen.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhances curb appeal and adds value to the property. ↑
• Both New flooring in bathrooms — Fresh flooring improves aesthetics and functionality in bathrooms. ↑
• Both New kitchen appliances — Modern appliances enhance functionality and appeal in the kitchen. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Putnam County
• NCES district ID: 1304260
• Math proficiency: 33% ▼ -5.00%
• Reading proficiency: 30% ▼ -1.00%
• Median HH income: $44,038
• Composite: 26.9/100
• National rank: #7088
• State rank: #86 of 174 in GA

Livability — Eatonton

• Score: 71/100
• State rank: #76
• US rank: #6665

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Putnam County · 21,601 people
• City population: 21,601
• Metro: nan
• Population (ZIP): 21,601
• Household income: $65,971
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 696.0

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 20,747 people
• By 2030: 20,163 · -2.8%
• By 2040: 18,680 · -10.0%
• By 2050: 17,117 · -17.5%
• By 2075: 13,269 · -36.0%
• By 2100: 9,234 · -55.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 26% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 6% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+42.2) · D 28.7% · R 71.0%
• 2008→2024 swing: -10.9pp toward R · 2008: -31.4pp · 2024: -42.2pp
• All cycles: 2024: R+42.2 2020: R+40.9 2016: R+40.0 2012: R+35.8 2008: R+31.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -199.84%
• Current HPI: 269.8265
• Rent YoY: —
• Metro: nan
• 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