64 Luther Knight Rd SE · Cartersville, GA 30121

$75,000

3 bd · 1.0 ba · 720 sqft · Land · 421 Days on market

Built 1980 0.25 ac lot $104/sqft · 67% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Schools +2.9/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

Key facts

• Recently renovated
• 0.25 acre lot
• 2 parking spots

Tags

• RECENTLY RENOVATED
• NOT FAR FROM LAKE ALLATOONA

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath land listed at $75k.

Deal economics

• At list price, monthly cash flow is $780 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 18.8% vs local median 3.7% in Cartersville — 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 (#43 in GA, #4,800 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, amenities A; Watch: schools D+, commute F.
• Bartow County (rural): math 33% / reading 34% proficiency, ranked #70 of 174 in GA (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 197 active listings in the ZIP; solid renter incomes; 1,618 units permitted in Bartow County in 2024 (265 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 0.9% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 421 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 14y ago; this cycle's ask has dropped $45k (38%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $14k; list at $75k implies a 436% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $66,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 421 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
6. 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.
7. 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: 2.19% ✓
• Cap rate: 18.77%
• Cash-on-cash: 44.55%
• DSCR: 2.98
• GRM: 3.8

CMA / ARV

• ARV (median comp): $228,444
• List price: $75,000
• Delta: -67.17%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.88% rent growth · sell at horizon

5-year hold

• IRR: 39.2%
• Equity multiple: 2.62×
• Total profit: $34,098
• Equity at exit: $11,183

10-year hold

• IRR: 44.5%
• Equity multiple: 4.82×
• Total profit: $80,238
• Equity at exit: $6,485

Cash invested: $21,000 (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 30121

• Home prices YoY: -13.2%
• Rents YoY: 0.9%
• Active inventory: 197
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $1,643 medium
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,125/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$345
• Net cashflow: $780

Break-even live

Break-even rent $656

Max offer price $75,000

Occupancy floor 48%

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Listing history 49 events

1. 2026-06-18
   days on market $75,000 Active 421 DOM
2. 2026-06-17
   days on market $75,000 Active 420 DOM
3. 2026-06-16
   days on market $75,000 Active 419 DOM
4. 2026-06-15
   days on market $75,000 Active 418 DOM
5. 2026-06-13
   days on market $75,000 Active 416 DOM
6. 2026-06-09
   days on market $75,000 Active 412 DOM
7. 2026-06-08
   days on market $75,000 Active 411 DOM
8. 2026-06-08
   price $75,000 Active 410 DOM
9. 2026-06-07
   days on market $76,000 Active 410 DOM
10. 2026-06-04
    days on market $76,000 Active 407 DOM
11. 2026-06-03
    days on market $76,000 Active 406 DOM
12. 2026-06-02
    days on market $76,000 Active 405 DOM
13. 2026-06-01
    days on market $76,000 Active 404 DOM
14. 2026-05-31
    days on market $76,000 Active 403 DOM
15. 2026-05-04
    price $76,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

16. 2026-05-04
    price $76,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

17. 2026-04-22
    price $79,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

18. 2026-04-22
    price $79,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

19. 2026-04-15
    price $82,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

20. 2026-04-15
    price $82,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

21. 2026-04-08
    price $85,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

22. 2026-04-08
    status Back On Market 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

23. 2026-04-08
    price $85,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

24. 2026-04-03
    status Active 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

25. 2025-08-23
    status Under Contract 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

26. 2025-08-23
    status Pending 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

27. 2025-08-18
    price $95,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

28. 2025-08-18
    price $95,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

29. 2025-07-21
    price $100,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

30. 2025-07-21
    price $100,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

31. 2025-02-11
    price $105,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

32. 2025-02-11
    price $105,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

33. 2024-11-06
    price $110,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

34. 2024-11-06
    price $110,000 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

35. 2024-09-12
    listed $120,000 New 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

36. 2024-09-12
    listed $120,000 Active 257-char remark

    Show marketing remark (257 chars)

    Mobile home tucked away in heart of Cartersville. Not far from McKaskey Creek Campground and Lake Allatoona. Easy access to I-75 makes for quick commute. Why pay a lot fee somewhere when you can own your own lot. Finalizing permanent foundation certificate.

37. 2023-08-31
    historical
38. 2023-04-26
    price $85,000
39. 2023-03-30
    price $90,000
40. 2023-03-10
    listed $100,000 New
41. 2017-11-18
    historical
42. 2017-08-18
    listed $75,000 New
43. 2012-05-29
    historical
44. 2012-05-21
    soldstatus $13,990 Sold
45. 2012-05-21
    soldstatus $13,990 Sold
46. 2012-05-01
    historical
47. 2012-05-01
    status Pending
48. 2012-04-24
    listed $13,990 Active
49. 2012-04-24
    listed $13,990 New

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

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 ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,716
• − Mortgage interest: −$4,201
• − Property taxes: −$1,125
• − Insurance: −$375
• − Repairs & maintenance: −$1,577
• − Management: −$1,577
• − Depreciation: −$2,182
• Taxable income: $8,679
• Est. tax owed @ 24.0%: −$2,083
• After-tax cash flow: $7,273/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: Bartow County
• NCES district ID: 1300330
• Math proficiency: 33% ▼ -8.00%
• Reading proficiency: 34% ▼ -7.00%
• Median HH income: $50,596
• Composite: 29.16/100
• National rank: #6577
• State rank: #70 of 174 in GA

Livability — Cartersville

• Score: 74/100
• State rank: #43
• US rank: #4800

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Bartow County · 85,497 people
• City population: 70,885
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 25,989
• Household income: $78,366
• Rent vs Own: 35.9% rent · 64.1% own
• Severe rent burden: 731.0

Population outlook (Bartow County) Hauer SSP2

• Today (2025): 107,887 people
• By 2030: 109,594 · +1.6%
• By 2040: 111,038 · +2.9%
• By 2050: 109,046 · +1.1%
• By 2075: 99,484 · -7.8%
• By 2100: 83,431 · -22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Hispanic / Latino 12% Black 12% Two or more races 8%
• Hispanic origin (detail): Mexican 9% Puerto Rican 2%
• Common ancestry: Slovak 2% Lithuanian 1% Romanian 1%
• Foreign-born: 6% · Canada
• Languages at home: 88% English-only · Spanish 9% Other Indo-European 1% Russian/Polish/Slavic 0%

Political lean MEDSL · Bartow

• 2024 margin: Solid R (+51.0) · D 24.2% · R 75.2%
• 2008→2024 swing: -5.8pp toward R · 2008: -45.2pp · 2024: -51.0pp
• All cycles: 2024: R+51.0 2020: R+50.7 2016: R+55.2 2012: R+51.7 2008: R+45.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -47.71%
• Current HPI: 314.4117
• Rent YoY: ▲ 0.88%
• 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

+443.2% since first listed

35 events — show timeline

• 2026-05-04 Price Changed $76,000 GAMLS
• 2026-05-04 Price Changed $76,000 FMLS
• 2026-04-22 Price Changed $79,000 GAMLS
• 2026-04-22 Price Changed $79,000 FMLS
• 2026-04-15 Price Changed $82,000 GAMLS
• 2026-04-15 Price Changed $82,000 FMLS
• 2026-04-08 Price Changed $85,000 GAMLS
• 2026-04-08 Relisted — GAMLS
• 2026-04-08 Price Changed $85,000 FMLS
• 2026-04-03 Relisted — FMLS
• 2025-08-23 Pending — GAMLS
• 2025-08-23 Pending — FMLS
• 2025-08-18 Price Changed $95,000 GAMLS
• 2025-08-18 Price Changed $95,000 FMLS
• 2025-07-21 Price Changed $100,000 GAMLS
• 2025-07-21 Price Changed $100,000 FMLS
• 2025-02-11 Price Changed $105,000 GAMLS
• 2025-02-11 Price Changed $105,000 FMLS
• 2024-11-06 Price Changed $110,000 GAMLS
• 2024-11-06 Price Changed $110,000 FMLS
• 2024-09-12 Listed $120,000 FMLS
• 2024-09-12 Listed $120,000 GAMLS
• 2023-08-31 Listing Removed — GAMLS
• 2023-04-26 Price Changed $85,000 GAMLS
• 2023-03-30 Price Changed $90,000 GAMLS
• 2023-03-10 Listed $100,000 GAMLS
• 2017-11-18 Listing Removed — GAMLS
• 2017-08-18 Listed $75,000 GAMLS
• 2012-05-29 Listing Removed — FMLS
• 2012-05-21 Sold (MLS) $13,990 GAMLS
• 2012-05-21 Sold (MLS) $13,990 FMLS
• 2012-05-01 Listing Removed — GAMLS
• 2012-05-01 Pending — FMLS
• 2012-04-24 Listed $13,990 FMLS
• 2012-04-24 Listed $13,990 GAMLS

Property tax history

-7.9%/yr

Latest (2025): $85 · +38.5% YoY. Source: county tax records.