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214 Georgian Way
F Composite 33.95
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).

  • ARV discount +9.1/15.0
  • Cash flow +7.6/30.0
  • Condition / age +5.0/5.0
  • Livability +3.4/5.0
  • Rent growth +3.0/5.0
  • 1% rule +2.4/10.0
  • Schools +1.8/10.0
  • DSCR +1.7/10.0
  • Appreciation +0.0/10.0

$314,900

214 Georgian Way · Heron Bay, GA 30248
4 bd · 2.0 ba · 1,844 sqft · SingleFamily public records · 93 Days on market
Built 2023 Excellent condition 6,534 sqft lot Garage $171/sqft · at area comps Est $326k · at est. $51/mo HOA · 2% of rent ↓ 10% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

PRICED TO SELL, LIKE NEW 4-BEDROOM RANCH homes are a rare find - this one checks every box! Built in 2023 and located in the peaceful Greyson Parc community, this move-in-ready beauty combines modern style, easy one-level living, and a great location. Step inside the open and airy split-bedroom floor plan, featuring fresh paint and plenty of room to relax or entertain. The show-stopping kitchen is the heart of the home with granite countertops, a walk-in pantry, stainless steel appliances, and an oversized island perfect for casual cooking and fun with family and friends. A primary bedroom suite with a five-foot shower and roomy walk-in closet completes the home. Outside, enjoy a beautifully maintained lot and neighborhood, with a swimming pool, green space right outside your front door, and plenty of sidewalks for long strolls. Greyson Parc is connected to the sought-after Heron Bay Golf & Country Club community with Publix and the new Kroger Marketplace just 2.4 miles away. Plus, you're just minutes from I-75 and the Tanger Outlets in Locust Grove - giving you shopping, dining, and convenience right around the corner. Check out this great deal in one of Locust Grove's fastest-growing areas. This home offers a nearly new roof, HVAC, water heater, and appliances, combined with comfort, convenience, and future value. Homes like this don't come around often - see it before it's gone!

Key facts

  • Granite countertops
  • Oversized island
  • Walk-in pantry

Tags

SHOW-STOPPING KITCHENGRANITE COUNTERTOPSWALK-IN PANTRYSTAINLESS STEEL APPLIANCESOVERSIZED ISLANDPRIMARY BEDROOM SUITE

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/2.0-bath single-family listed at $315k. Condition is rated excellent.

Deal economics

  • At list price, monthly cash flow is $-379 ($-5k/yr) — negative.
  • To cash-flow at today's rent, offer at most $248k (21.2% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $234k (25.7% below list).
  • Recommended offer: $234k (25.7% below list) — sets the bar for 1% rule.

Location & tenants

  • Location reads 67/100 on livability (#159 in GA) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
  • Griffin-Spalding County (suburban): math 13% / reading 19% proficiency, ranked #151 of 174 in GA (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Zoned schools: Jordan Hill Road Elementary School (math 17% / reading 22%, grade F, #878 of 1,228 statewide, top 75%, 356 students, 98% FRL); Kennedy Road Middle School (math 11% / reading 20%, grade F, #392 of 470 statewide, top 84%, 477 students, 98% FRL); Spalding High School (math 11% / reading 25%, grade F, #258 of 424 statewide, top 62%, 1,252 students, 67% FRL) — zoned schools average 88% FRL vs 68% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+2.2%/yr); 732 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals lingering (median 49d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 342 units permitted in Spalding County in 2024 (0 in 5+ unit buildings).
  • This rent runs 34% of the median local income ($84k/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 $9k of value loss. Plan a longer hold.
  • Spalding County population projected at -15% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

  • It's been on market 93 days — a 9% lower offer ($287k) is reasonable based on typical stale-listing flexibility.
  • 4 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→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $234,046 (25.7% 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 93 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
  3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  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
0.74%
Cap rate
4.85%
Cash-on-cash
-5.15%
DSCR
0.77
GRM
11.2

CMA / ARV

ARV (median comp)
$326,196
List price
$314,900
Delta
-3.46%
Verdict
FAIR
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
118 Chesapeake Bay Drive North Dr 0.23mi 4/2.5 1,801 (-2%) 18mo $299,990 $167 69
164 Lantana Dr 0.63mi 3/2.0 (-1) 1,857 (+1%) 4mo $275,000 $148 61
362 Southgate Dr 0.65mi 3/2.0 (-1) 1,883 (+2%) 2mo $295,000 $157 59
2728 Sandalwood Cir 0.37mi 3/2.5 (-1) 2,003 (+9%) 13mo $285,000 $142 50
317 Southgate Dr 0.52mi 4/3.0 2,079 (+13%) 2mo $399,000 $192 49
223 Gilliam Ct 0.70mi 3/2.0 (-1) 1,929 (+5%) 12mo $289,900 $150 44
239 Gilliam Ct 0.66mi 3/2.0 (-1) 1,933 (+5%) 15mo $270,000 $140 44
352 Southgate Dr 0.61mi 3/2.0 (-1) 1,976 (+7%) 14mo $299,000 $151 43
349 Southgate Dr 0.55mi 3/2.0 (-1) 1,997 (+8%) 16mo $305,000 $153 42
407 Black Fox Dr 0.43mi 4/3.5 2,055 (+11%) 16mo $400,000 $195 42
150 Cottage Club Dr 0.75mi 3/3.0 (-1) 2,109 (+14%) 2mo $295,000 $140 31
126 Cottage Club Dr 0.68mi 3/3.0 (-1) 2,109 (+14%) 14mo $340,000 $161 24

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 · 2.16% rent growth · sell at horizon

5-year hold
IRR
-26.0%
Equity multiple
0.13×
Total profit
$-77,046
Equity at exit
$46,953
10-year hold
IRR
-25.7%
Equity multiple
-0.20×
Total profit
$-105,796
Equity at exit
$27,227

Cash invested: $88,172 (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.
Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
11 active · 9 under contract
Months of supply
5.5 mo (18%/mo absorbed)
Median asking
$329,000 ($159/sqft)
Median days on market
69 d
This list price
45% of active listings are priced below it
ARV vs active asking
+11.6% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 30248

Home prices YoY
-21.0%
Rents YoY
2.2%
Active inventory
732
Price-to-rent
11.2×

Monthly cashflow live

Estimated rent
$2,340 high interval (Pro) →
Mortgage (P&I)
$1,651
Tax from tax record
$394 /mo · $4,730/yr
Insurance
$131
HOA
$51
Vacancy / Maint / Mgmt
$491
Net cashflow
$-379

Break-even live

Break-even rent $2,820
Max offer price $247,989
Occupancy floor

Sensitivity live

Price -10% $-201 -5% $-290 +0% $-379 +5% $-468 +10% $-557
Rent -10% $-564 -5% $-471 +0% $-379 +5% $-286 +10% $-194
Rate -1.0pp $-220 -0.5pp $-299 base $-379 +0.5pp $-460 +1.0pp $-543

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
$78,725
Closing costs
$9,447
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 17 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
132 Saginaw Ct Locust Grove, GA 3.0 2.5 1474 $2,150 $1.46 50d 1 0.14mi
132 Saginaw Ct Locust Grove, GA 3.0 2.5 1474 $2,150 $1.46 49d 1 0.14mi
136 Saginaw Ct Locust Grove, GA 3.0 2.5 1421 $1,735 $1.22 45d 1 0.14mi
125 N Chesapeake Bay Dr Locust Grove, GA 4.0 2.5 1870 $2,800 $1.50 74d 1 0.23mi
602 Jervis Way Locust Grove, GA 3.0 2.5 1474 $1,795 $1.22 55d 1 0.30mi
2808 Harcourt Dr Locust Grove, GA 4.0 2.5 2554 $2,015 $0.79 0d 1 0.40mi
2505 Mockingbird Ln Locust Grove, GA 4.0 2.5 2142 $2,130 $0.99 0d 1 0.43mi
605 Needle Rush Cir Locust Grove, GA 4.0 3.0 2259 $2,335 $1.03 6d 1 0.60mi
117 Cottage Club Dr Locust Grove, GA 3.0 3.0 2109 $1,995 $0.95 139d 1 0.62mi
552 Howell Dr Locust Grove, GA 4.0 3.0 2558 $2,239 $0.88 2d 1 0.66mi
421 Eglington Trl Locust Grove, GA 3.0 2.0 1920 $2,015 $1.05 48d 1 0.73mi
409 Mazley Dr Locust Grove, GA 4.0 2.0 1856 $2,040 $1.10 93d 1 0.78mi
112 Garrison Ln Locust Grove, GA 4.0 2.5 2165 $2,095 $0.97 54d 1 0.81mi
222 High Court Way Locust Grove, GA 3.0 3.0 2259 $2,299 $1.02 87d 1 0.88mi
1216 Nottley Dr Locust Grove, GA 4.0 2.5 2579 $2,535 $0.98 0d 1 1.03mi
1225 Nottley Dr Locust Grove, GA 4.0 2.5 2475 $2,170 $0.88 46d 1 1.06mi
1235 Nottley Dr Locust Grove, GA 4.0 2.5 2489 $2,200 $0.88 65d 1 1.08mi

Property features AI

Finance

Other
Directions: I-75S to Exit 216, right on 155 to Chesapeake Bay Dr., left on Bantry Way, right on Georgian Way
HOA & community
Community amenities include clubhouse, pool, sidewalks, and street lightsHomeowners association with annual fee of $615 covering reserve fund and pool

Exterior

Parking
Attached garage with 2 spacesGarage door opener
Utilities
Public waterPublic sewer220-volt electrical serviceCable availableElectricity availableUnderground utilitiesWater service availableOther utility features
Home design
One-level homeComposition roofSlab foundationOther construction materialsOther outbuildings/structures
Construction
Composition roofSlab foundationOther construction materialsOther structures on the property
Exterior features
PatioOther exterior featuresProperty listed as resaleFee simple ownershipWindows noted for green energy efficiency

Interior

Kitchen
Kitchen islandWalk-in pantryDishwasherMicrowaveGarbage disposalOther kitchen appliances
Bedrooms
Four main-level bedroomsMaster suite on the main level
Flooring
CarpetLaminateOther flooring
Bathrooms
Two full bathrooms (both on the main level)Master bathroom with additional/other features
Heating & cooling
Central heatingElectric heatingHeat pumpOther heatingCentral air conditioningOther cooling
Interior features
Walk-in closet(s)Other interior featuresDouble pane, insulated windowsNo shared/common wallsAtticFamily roomOther room types
Laundry & utility
Laundry area with other/unspecified featuresElectric water heater

HOA detail $51/mo · $612/yr

Likely covers
waterpool

Listing history 50 events

  1. 2026-09-23
    days on market $314,900 Active 93 DOM
  2. 2026-09-22
    days on market $314,900 Active 92 DOM
  3. 2026-09-21
    days on market $314,900 Active 91 DOM
  4. 2026-09-20
    days on market $314,900 Active 90 DOM
  5. 2026-09-19
    days on market $314,900 Active 89 DOM
  6. 2026-09-18
    days on market $314,900 Active 88 DOM
  7. 2026-09-17
    days on market $314,900 Active 87 DOM
  8. 2026-09-16
    days on market $314,900 Active 86 DOM
  9. 2026-09-15
    days on market $314,900 Active 85 DOM
  10. 2026-09-14
    days on market $314,900 Active 84 DOM
  11. 2026-09-13
    days on market $314,900 Active 83 DOM
  12. 2026-09-12
    days on market $314,900 Active 82 DOM
  13. 2026-09-11
    days on market $314,900 Active 81 DOM
  14. 2026-09-05
    days on market $314,900 Active 75 DOM
  15. 2026-09-04
    days on market $314,900 Active 74 DOM
  16. 2026-09-03
    days on market $314,900 Active 73 DOM
  17. 2026-08-31
    days on market $314,900 Active 70 DOM
  18. 2026-08-30
    days on market $314,900 Active 69 DOM
  19. 2026-08-29
    days on market $314,900 Active 68 DOM
  20. 2026-08-28
    days on market $314,900 Active 67 DOM
  21. 2026-08-27
    days on market $314,900 Active 66 DOM
  22. 2026-08-25
    days on market $314,900 Active 64 DOM
  23. 2026-08-24
    days on market $314,900 Active 63 DOM
  24. 2026-08-23
    days on market $314,900 Active 62 DOM
  25. 2026-08-22
    days on market $314,900 Active 61 DOM
  26. 2026-08-21
    days on market $314,900 Active 60 DOM
  27. 2026-08-20
    days on market $314,900 Active 59 DOM
  28. 2026-08-19
    days on market $314,900 Active 58 DOM
  29. 2026-08-18
    days on market $314,900 Active 57 DOM
  30. 2026-08-17
    days on market $314,900 Active 56 DOM
  31. 2026-08-16
    days on market $314,900 Active 55 DOM
  32. 2026-08-15
    days on market $314,900 Active 54 DOM
  33. 2026-08-14
    days on market $314,900 Active 53 DOM
  34. 2026-08-13
    days on market $314,900 Active 52 DOM
  35. 2026-08-12
    days on market $314,900 Active 51 DOM
  36. 2026-08-11
    days on market $314,900 Active 50 DOM
  37. 2026-08-10
    days on market $314,900 Active 49 DOM
  38. 2026-08-09
    days on market $314,900 Active 48 DOM
  39. 2026-08-08
    days on market $314,900 Active 47 DOM
  40. 2026-08-06
    days on market $314,900 Active 45 DOM
  41. 2026-08-05
    days on market $314,900 Active 44 DOM
  42. 2026-08-04
    days on market $314,900 Active 43 DOM
  43. 2026-08-03
    days on market $314,900 Active 42 DOM
  44. 2026-07-31
    days on market $314,900 Active 39 DOM
  45. 2026-07-30
    days on market $314,900 Active 37 DOM
  46. 2026-07-28
    days on market $314,900 Active 36 DOM
  47. 2026-07-26
    days on market $314,900 Active 34 DOM
  48. 2026-07-24
    days on market $314,900 Active 32 DOM
  49. 2026-07-23
    days on market $314,900 Active 31 DOM
  50. 2026-07-22
    days on market $314,900 Active 30 DOM

ⓘ 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
$4,730 · $394/mo
Projected year-2 tax
$4,730 · $394/mo
Expected delta
$0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
  • 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 17 d/yr by 30 yrs out
  • 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$28,086
− Mortgage interest
−$17,639
− Property taxes
−$4,730
− Insurance
−$1,574
− Repairs & maintenance
−$2,247
− Management
−$2,247
− HOA
−$612
− Depreciation
−$9,161
Taxable loss
−$10,124
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$2,430
After-tax cash flow
$-2,115/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

Excellent 100/100 None rehab

This move-in-ready ranch home, built in 2023, offers modern amenities and a peaceful location. With fresh paint, granite countertops, and a new roof, it's ready for a new owner.

Value-add opportunities

  • Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics
  • Both Landscaping improvements — Enhances curb appeal and adds value
  • Both New flooring in bathrooms — Improves functionality and aesthetics
F Composite school gradezoned avg 18/100

Zoned Schools

Elementary Jordan Hill Road Elementary School F GA #878/1,228 Nat'l #33,738/41,679 Middle Kennedy Road Middle School F GA #392/470 Nat'l #12,557/14,009 High Spalding High School F GA #258/424 Nat'l #14,759/17,239

Schools (NCES district)

District
Griffin-Spalding County
NCES district ID
1302520
Math proficiency
13% ▼ -13.00%
Reading proficiency
19% ▼ -12.00%
Median HH income
$40,895
Composite
13.71/100
National rank
#9496
State rank
#151 of 174 in GA
C Composite livability gradescore 67/100

Livability — Heron Bay

Score
67/100
State rank
#159
US rank
#10151

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Heron Bay, GA
County
Henry County · 63,015 people
Metro
Atlanta-Sandy Springs-Alpharetta, GA
Population (ZIP)
36,038
Household income
$83,823
Rent vs Own
15.8% rent · 84.2% own
Severe rent burden
8% of renters

Population outlook (Spalding County) Hauer SSP2

Today (2025)
63,015 people
By 2030
61,689 · -2.1%
By 2040
57,932 · -8.1%
By 2050
53,474 · -15.1%
By 2075
43,228 · -31.4%
By 2100
32,290 · -48.8%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.59)
Race & ethnicity
White 51% Black 37% Hispanic / Latino 9% Two or more races 5%
Hispanic origin (detail)
Mexican 3% Puerto Rican 3%
Common ancestry
Slovak 2% Italian 2% Iranian 1%
Foreign-born
6% · Canada
Languages at home
92% English-only · Spanish 6% French/Haitian/Cajun 1%

Political lean MEDSL · Spalding

2024 margin
R (+16.7) · D 41.4% · R 58.1%
2008→2024 swing
+2.1pp toward D · 2008: -18.8pp · 2024: -16.7pp
All cycles
2024: R+16.7 2020: R+20.8 2016: R+24.2 2012: R+20.0 2008: R+18.8

Not yet ingested

Civics

Price history

-10.0% since first listed
12 events — show timeline
  • 2026-06-25 Price Changed $314,900 FMLS
  • 2026-06-25 Price Changed $314,900 GAMLS
  • 2026-06-08 Listed $324,900 FMLS
  • 2026-06-02 Listed $324,900 GAMLS
  • 2026-06-01 Coming Soon $324,900 GAMLS
  • 2026-05-19 Price Changed $325,000 FMLS
  • 2026-05-19 Listing Removed GAMLS
  • 2026-05-19 Listing Removed FMLS
  • 2026-03-19 Price Changed $337,777 GAMLS
  • 2026-03-19 Price Changed $337,777 FMLS
  • 2025-11-19 Listed $350,000 GAMLS
  • 2025-11-19 Listed $350,000 FMLS

Property tax history

+187.3%/yr

Latest (2025): $4,730 · +6.0% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…