74 Holly Dr · Carrollton, GA 30116

$135,000

3 bd · 2.0 ba · 1,216 sqft · Manufactured public records · 60 Days on market

Built 1994 0.46 ac lot $111/sqft · 21% below area Est $171k · 21% under ↓ 4% since listing

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Why this score? — see what drove the B 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 +30.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• 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

Affordable opportunity with great potential! This 2-bedroom, 2-bath mobile home is situated on a permanent foundation and rests on a level 0.46-acre lot. Inside, you'll find a spacious family room, an eat-in kitchen with a breakfast bar, and a desirable split-bedroom floor plan for added privacy. The master suite features a large bathroom with a garden tub and separate shower. A metal roof and water heater were both replaced approximately 3 years ago. While the home could use a little TLC, it offers a great opportunity for a first-time homebuyer, downsizer, or investor seeking rental income. Sold as-is-come see the potential this property has to offer!

Key facts

• Level lot
• Permanent foundation
• Eat-in kitchen

Tags

• PERMANENT FOUNDATION
• LEVEL LOT
• SPACIOUS FAMILY ROOM
• EAT-IN KITCHEN
• BREAKFAST BAR
• SPLIT-BEDROOM FLOOR PLAN

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $135k.

Deal economics

• At list price, monthly cash flow is $550 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $131k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.2% 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-, schools D, commute 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.
• Market conditions: 212 active listings in the ZIP; 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 $933 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $38k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 60 days — a 3% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $130,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 60 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
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: 1.27% ✓
• Cap rate: 11.18%
• Cash-on-cash: 17.45%
• DSCR: 1.78
• GRM: 6.6

CMA / ARV

• ARV (median comp): $171,397
• List price: $135,000
• Delta: -21.24%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 8.8%
• Equity multiple: 1.35×
• Total profit: $13,074
• Equity at exit: $20,129

10-year hold

• IRR: 18.0%
• Equity multiple: 2.49×
• Total profit: $56,240
• Equity at exit: $11,672

Cash invested: $37,800 (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: 6.6×

Monthly cashflow live

• Estimated rent: $1,714 medium
• Mortgage (P&I): −$708
• Tax from tax record: −$40 /mo · $483/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$360
• Net cashflow: $550

Break-even live

Break-even rent $1,018

Max offer price $135,000

Occupancy floor 63%

Sensitivity live

Price	-10% $626	-5% $588	+0% $550	+5% $511	+10% $473
Rent	-10% $414	-5% $482	+0% $550	+5% $617	+10% $685
Rate	-1.0pp $618	-0.5pp $584	base $550	+0.5pp $515	+1.0pp $479

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-05
   status Under Contract 660-char remark

   Show marketing remark (660 chars)

   Affordable opportunity with great potential! This 2-bedroom, 2-bath mobile home is situated on a permanent foundation and rests on a level 0.46-acre lot. Inside, you'll find a spacious family room, an eat-in kitchen with a breakfast bar, and a desirable split-bedroom floor plan for added privacy. The master suite features a large bathroom with a garden tub and separate shower. A metal roof and water heater were both replaced approximately 3 years ago. While the home could use a little TLC, it offers a great opportunity for a first-time homebuyer, downsizer, or investor seeking rental income. Sold as-is-come see the potential this property has to offer!

2. 2026-03-06
   listed $135,000 New 660-char remark

   Show marketing remark (660 chars)

   Affordable opportunity with great potential! This 2-bedroom, 2-bath mobile home is situated on a permanent foundation and rests on a level 0.46-acre lot. Inside, you'll find a spacious family room, an eat-in kitchen with a breakfast bar, and a desirable split-bedroom floor plan for added privacy. The master suite features a large bathroom with a garden tub and separate shower. A metal roof and water heater were both replaced approximately 3 years ago. While the home could use a little TLC, it offers a great opportunity for a first-time homebuyer, downsizer, or investor seeking rental income. Sold as-is-come see the potential this property has to offer!

3. 2026-02-27
   historical
4. 2026-01-01
   status Back On Market
5. 2025-12-31
   historical
6. 2025-11-07
   price $135,000
7. 2025-06-19
   listed $139,900 New

ⓘ 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: $483 · $40/mo
• Projected year-2 tax: $1,242 · $104/mo
• Expected delta: +$759/yr (+$63/mo · 156.9%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥103°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: $20,568
• − Mortgage interest: −$7,562
• − Property taxes: −$483
• − Insurance: −$675
• − Repairs & maintenance: −$1,645
• − Management: −$1,645
• − Depreciation: −$3,927
• Taxable income: $4,629
• Est. tax owed @ 24.0%: −$1,111
• After-tax cash flow: $5,484/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

-3.5% since first listed

7 events — show timeline

• 2026-05-05 Pending — GAMLS
• 2026-03-06 Listed $135,000 GAMLS
• 2026-02-27 Listing Removed — GAMLS
• 2026-01-01 Relisted — GAMLS
• 2025-12-31 Listing Removed — GAMLS
• 2025-11-07 Price Changed $135,000 GAMLS
• 2025-06-19 Listed $139,900 GAMLS

Property tax history

-0.3%/yr

Latest (2025): $483 · +21.3% YoY. Source: county tax records.