345 Joe Tike Dr · Fort Oglethorpe, GA 30736

$313,900

4 bd · 2.0 ba · 1,080 sqft · SingleFamily public records · 486 Days on market

Built 1985 0.50 ac lot $291/sqft · 111% above area Est $289k · 9% over

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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 +7.2/30.0
• Rent growth +4.2/5.0
• ARV discount +3.6/15.0
• Livability +3.4/5.0
• Schools +3.3/10.0
• Condition / age +2.5/5.0
• DSCR +1.4/10.0
• 1% rule +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 345 Joe Tike Drive in Lorie hills subdivision!! This 4 bedroom, 3 bathroom home has been recently updated and has an open concept kitchen, living room, and dining room. Lower level- offers a bedroom that can also be used as a optional room , full bathroom/ laundry room, an office/ sitting area, under stair storage and 2 car garage. Upper level- offers open concept kitchen, living room, dining room, screened in porch, 3 bedrooms and 2 full bathrooms. Shed structure for extra storage is a plus. This home is a must see as it is nestled in a cozy cul-de-sac.

Key facts

• Screened in porch
• Open concept kitchen
• Under stair storage

Tags

• OPEN CONCEPT KITCHEN
• SCREENED IN PORCH
• UNDER STAIR STORAGE
• SHED STRUCTURE
• COZY CUL-DE-SAC

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $314k.

Deal economics

• At list price, monthly cash flow is $-429 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $238k (24.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $186k (40.9% below list).
• Recommended offer: $186k (40.9% below list) — sets the bar for 1% rule.
• Cap rate 4.7% vs local median 3.4% in Fort Oglethorpe — 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 67/100 on livability (#166 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities F, commute F, employment D-.
• Catoosa County (suburban): math 36% / reading 41% proficiency, ranked #49 of 174 in GA (top 28%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Battlefield Primary (492 students, 51% FRL); Heritage Middle School (math 44% / reading 52%, grade C-, #80 of 470 statewide, top 17%, 882 students, 31% FRL); Heritage High School (math 38% / reading 45%, grade F, #52 of 424 statewide, top 12%, 1,242 students, 23% FRL).
• Market conditions: Rents rising fast (+6.8%/yr); 362 active listings in the ZIP; solid renter incomes; 848 units permitted in Catoosa County in 2024 (256 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.
• Catoosa County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 486 days — a 12% lower offer ($276k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $7k; list at $314k implies a 4384% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $185,530 (40.9% 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 486 days. Have you received any prior offers? Is the seller open to a 41% concession, seller financing, or rate buy-down credit?
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 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?
6. 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?
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: 0.59% ✗
• Cap rate: 4.65%
• Cash-on-cash: -5.85%
• DSCR: 0.74
• GRM: 14.1

CMA / ARV

• ARV (median comp): $289,029
• List price: $313,900
• Delta: 8.61%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5210 Boynton Dr	0.27mi	3/2.0 (-1)	1,200 (+11%)	8mo	$290,000	$242	57

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 · 6.84% rent growth · sell at horizon

5-year hold

• IRR: -22.9%
• Equity multiple: 0.19×
• Total profit: $-70,857
• Equity at exit: $46,804

10-year hold

• IRR: -10.6%
• Equity multiple: 0.27×
• Total profit: $-64,355
• Equity at exit: $27,140

Cash invested: $87,892 (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 30736

• Home prices YoY: -21.9%
• Rents YoY: 6.8%
• Active inventory: 362
• Price-to-rent: 14.1×

Monthly cashflow live

• Estimated rent: $1,855 medium
• Mortgage (P&I): −$1,646
• Tax from tax record: −$117 /mo · $1,408/yr
• Insurance: −$131
• HOA: −$0
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $-429

Break-even live

Break-even rent $2,398

Max offer price $238,193

Occupancy floor —

Sensitivity live

Price	-10% $-251	-5% $-340	+0% $-429	+5% $-517	+10% $-606
Rent	-10% $-575	-5% $-502	+0% $-429	+5% $-355	+10% $-282
Rate	-1.0pp $-270	-0.5pp $-349	base $-429	+0.5pp $-510	+1.0pp $-593

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: $78,475
• Closing costs: $9,417
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-21
   days on market $313,900 Active 486 DOM
2. 2026-06-18
   days on market $313,900 Active 483 DOM
3. 2026-06-17
   days on market $313,900 Active 482 DOM
4. 2026-06-16
   days on market $313,900 Active 481 DOM
5. 2026-06-15
   days on market $313,900 Active 480 DOM
6. 2026-06-14
   days on market $313,900 Active 478 DOM
7. 2026-06-10
   days on market $313,900 Active 475 DOM
8. 2026-06-09
   days on market $313,900 Active 474 DOM
9. 2026-06-08
   days on market $313,900 Active 473 DOM
10. 2026-06-07
    pricedays on market $313,900 Active 472 DOM
11. 2026-06-03
    days on market $319,000 Active 468 DOM
12. 2026-06-02
    days on market $319,000 Active 467 DOM
13. 2026-06-01
    days on market $319,000 Active 466 DOM
14. 2026-05-31
    days on market $319,000 Active 465 DOM
15. 2026-05-30
    days on market $319,000 Active 464 DOM
16. 2026-05-08
    price $319,000 572-char remark

    Show marketing remark (572 chars)

    Welcome to 345 Joe Tike Drive in Lorie hills subdivision!! This 4 bedroom, 3 bathroom home has been recently updated and has an open concept kitchen, living room, and dining room. Lower level- offers a bedroom that can also be used as a optional room , full bathroom/ laundry room, an office/ sitting area, under stair storage and 2 car garage. Upper level- offers open concept kitchen, living room, dining room, screened in porch, 3 bedrooms and 2 full bathrooms. Shed structure for extra storage is a plus. This home is a must see as it is nestled in a cozy cul-de-sac.

17. 2026-04-24
    price $323,000 572-char remark

    Show marketing remark (572 chars)

    Welcome to 345 Joe Tike Drive in Lorie hills subdivision!! This 4 bedroom, 3 bathroom home has been recently updated and has an open concept kitchen, living room, and dining room. Lower level- offers a bedroom that can also be used as a optional room , full bathroom/ laundry room, an office/ sitting area, under stair storage and 2 car garage. Upper level- offers open concept kitchen, living room, dining room, screened in porch, 3 bedrooms and 2 full bathrooms. Shed structure for extra storage is a plus. This home is a must see as it is nestled in a cozy cul-de-sac.

18. 2026-02-27
    price $325,000 572-char remark

    Show marketing remark (572 chars)

    Welcome to 345 Joe Tike Drive in Lorie hills subdivision!! This 4 bedroom, 3 bathroom home has been recently updated and has an open concept kitchen, living room, and dining room. Lower level- offers a bedroom that can also be used as a optional room , full bathroom/ laundry room, an office/ sitting area, under stair storage and 2 car garage. Upper level- offers open concept kitchen, living room, dining room, screened in porch, 3 bedrooms and 2 full bathrooms. Shed structure for extra storage is a plus. This home is a must see as it is nestled in a cozy cul-de-sac.

19. 2025-12-18
    price $326,900 572-char remark

    Show marketing remark (572 chars)

    Welcome to 345 Joe Tike Drive in Lorie hills subdivision!! This 4 bedroom, 3 bathroom home has been recently updated and has an open concept kitchen, living room, and dining room. Lower level- offers a bedroom that can also be used as a optional room , full bathroom/ laundry room, an office/ sitting area, under stair storage and 2 car garage. Upper level- offers open concept kitchen, living room, dining room, screened in porch, 3 bedrooms and 2 full bathrooms. Shed structure for extra storage is a plus. This home is a must see as it is nestled in a cozy cul-de-sac.

20. 2025-10-21
    price $329,900 572-char remark

    Show marketing remark (572 chars)

    Welcome to 345 Joe Tike Drive in Lorie hills subdivision!! This 4 bedroom, 3 bathroom home has been recently updated and has an open concept kitchen, living room, and dining room. Lower level- offers a bedroom that can also be used as a optional room , full bathroom/ laundry room, an office/ sitting area, under stair storage and 2 car garage. Upper level- offers open concept kitchen, living room, dining room, screened in porch, 3 bedrooms and 2 full bathrooms. Shed structure for extra storage is a plus. This home is a must see as it is nestled in a cozy cul-de-sac.

21. 2025-08-22
    price $349,900 572-char remark

    Show marketing remark (572 chars)

    Welcome to 345 Joe Tike Drive in Lorie hills subdivision!! This 4 bedroom, 3 bathroom home has been recently updated and has an open concept kitchen, living room, and dining room. Lower level- offers a bedroom that can also be used as a optional room , full bathroom/ laundry room, an office/ sitting area, under stair storage and 2 car garage. Upper level- offers open concept kitchen, living room, dining room, screened in porch, 3 bedrooms and 2 full bathrooms. Shed structure for extra storage is a plus. This home is a must see as it is nestled in a cozy cul-de-sac.

22. 2025-06-14
    price $354,900 572-char remark

    Show marketing remark (572 chars)

    Welcome to 345 Joe Tike Drive in Lorie hills subdivision!! This 4 bedroom, 3 bathroom home has been recently updated and has an open concept kitchen, living room, and dining room. Lower level- offers a bedroom that can also be used as a optional room , full bathroom/ laundry room, an office/ sitting area, under stair storage and 2 car garage. Upper level- offers open concept kitchen, living room, dining room, screened in porch, 3 bedrooms and 2 full bathrooms. Shed structure for extra storage is a plus. This home is a must see as it is nestled in a cozy cul-de-sac.

23. 2025-05-01
    price $360,000 572-char remark

    Show marketing remark (572 chars)

    Welcome to 345 Joe Tike Drive in Lorie hills subdivision!! This 4 bedroom, 3 bathroom home has been recently updated and has an open concept kitchen, living room, and dining room. Lower level- offers a bedroom that can also be used as a optional room , full bathroom/ laundry room, an office/ sitting area, under stair storage and 2 car garage. Upper level- offers open concept kitchen, living room, dining room, screened in porch, 3 bedrooms and 2 full bathrooms. Shed structure for extra storage is a plus. This home is a must see as it is nestled in a cozy cul-de-sac.

24. 2025-04-21
    price $371,000 572-char remark

    Show marketing remark (572 chars)

    Welcome to 345 Joe Tike Drive in Lorie hills subdivision!! This 4 bedroom, 3 bathroom home has been recently updated and has an open concept kitchen, living room, and dining room. Lower level- offers a bedroom that can also be used as a optional room , full bathroom/ laundry room, an office/ sitting area, under stair storage and 2 car garage. Upper level- offers open concept kitchen, living room, dining room, screened in porch, 3 bedrooms and 2 full bathrooms. Shed structure for extra storage is a plus. This home is a must see as it is nestled in a cozy cul-de-sac.

25. 2025-03-21
    price $373,000 572-char remark

    Show marketing remark (572 chars)

    Welcome to 345 Joe Tike Drive in Lorie hills subdivision!! This 4 bedroom, 3 bathroom home has been recently updated and has an open concept kitchen, living room, and dining room. Lower level- offers a bedroom that can also be used as a optional room , full bathroom/ laundry room, an office/ sitting area, under stair storage and 2 car garage. Upper level- offers open concept kitchen, living room, dining room, screened in porch, 3 bedrooms and 2 full bathrooms. Shed structure for extra storage is a plus. This home is a must see as it is nestled in a cozy cul-de-sac.

26. 2025-02-20
    listed $375,000 Active 572-char remark

    Show marketing remark (572 chars)

    Welcome to 345 Joe Tike Drive in Lorie hills subdivision!! This 4 bedroom, 3 bathroom home has been recently updated and has an open concept kitchen, living room, and dining room. Lower level- offers a bedroom that can also be used as a optional room , full bathroom/ laundry room, an office/ sitting area, under stair storage and 2 car garage. Upper level- offers open concept kitchen, living room, dining room, screened in porch, 3 bedrooms and 2 full bathrooms. Shed structure for extra storage is a plus. This home is a must see as it is nestled in a cozy cul-de-sac.

27. 1985-01-11
    soldstatus $7,000

ⓘ 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: $1,408 · $117/mo
• Projected year-2 tax: $2,888 · $241/mo
• Expected delta: +$1,480/yr (+$123/mo · 105.1%)

ⓘ 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 ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 12% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,264
• − Mortgage interest: −$17,583
• − Property taxes: −$1,408
• − Insurance: −$1,570
• − Repairs & maintenance: −$1,781
• − Management: −$1,781
• − Depreciation: −$9,132
• Taxable loss: −$10,991
• Est. tax savings @ 24.0%: +$2,638
• After-tax cash flow: $-2,505/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: Catoosa County
• NCES district ID: 1300930
• Math proficiency: 36% ▼ -15.00%
• Reading proficiency: 41% ▼ -8.00%
• Median HH income: $48,913
• Composite: 33.13/100
• National rank: #5558
• State rank: #49 of 174 in GA

Livability — Fort Oglethorpe

• Score: 67/100
• State rank: #166
• US rank: #10498

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Catoosa County · 52,244 people
• City population: 7,745
• Metro: Chattanooga, TN-GA
• Population (ZIP): 44,499
• Household income: $83,821
• Rent vs Own: 16.6% rent · 83.4% own
• Severe rent burden: 559.0

Population outlook (Catoosa County) Hauer SSP2

• Today (2025): 70,112 people
• By 2030: 71,621 · +2.2%
• By 2040: 73,595 · +5.0%
• By 2050: 73,921 · +5.4%
• By 2075: 72,135 · +2.9%
• By 2100: 65,979 · -5.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 5% Hispanic / Latino 3% Black 2% Asian 1%
• Common ancestry: Slovak 2% Italian 2% Serbian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Catoosa

• 2024 margin: Solid R (+55.5) · D 22.0% · R 77.5%
• 2008→2024 swing: -5.7pp toward R · 2008: -49.8pp · 2024: -55.5pp
• All cycles: 2024: R+55.5 2020: R+56.0 2016: R+60.7 2012: R+52.8 2008: R+49.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.42%
• Current HPI: 251.8824
• Rent YoY: ▲ 6.84%
• Metro: Chattanooga, TN-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

+4457.1% since first listed

12 events — show timeline

• 2026-05-08 Price Changed $319,000 GCAR
• 2026-04-24 Price Changed $323,000 GCAR
• 2026-02-27 Price Changed $325,000 GCAR
• 2025-12-18 Price Changed $326,900 GCAR
• 2025-10-21 Price Changed $329,900 GCAR
• 2025-08-22 Price Changed $349,900 GCAR
• 2025-06-14 Price Changed $354,900 GCAR
• 2025-05-01 Price Changed $360,000 GCAR
• 2025-04-21 Price Changed $371,000 GCAR
• 2025-03-21 Price Changed $373,000 GCAR
• 2025-02-20 Listed $375,000 GCAR
• 1985-01-11 Sold (Public Records) $7,000 Public Records

Property tax history

+4.5%/yr

Latest (2025): $1,408 · +0.9% YoY. Source: county tax records.