308 Rainer Ln · Auburn, GA 30011

$287,900

3 bd · 2.5 ba · 1,710 sqft · SingleFamily · 55 Days on market

Built 2026 Good condition $168/sqft · 12% below area Est $326k · 12% under

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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).

• ARV discount +12.8/15.0
• Cash flow +8.0/30.0
• Condition / age +4.0/5.0
• Livability +3.7/5.0
• Rent growth +3.1/5.0
• Schools +2.8/10.0
• 1% rule +2.5/10.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks

Move in Ready September! The Maddux II plan, located in Trinity Station, a Smith Douglas Community. This thoughtfully designed 3-bedroom, 2.5-bath townhome offers a two-car garage and an open-concept layout ideal for todays lifestyle. The main level features a spacious livingkitchendining combination, creating a seamless flow for everyday living and entertaining. The entry foyer includes a convenient coat closet, perfect for greeting guests. A sleek linear fireplace anchors the family room, while chrome interior finishes add a modern, upscale touch. The kitchen is well-appointed with upgraded cabinetry including 42 upper cabinets for added storage, a tile backsplash, granite countertops, pa

Key facts

• Upgraded cabinetry
• Linear fireplace
• Granite countertops

Tags

• OPEN CONCEPT LAYOUT
• LINEAR FIREPLACE
• UPGRADED CABINETRY
• TILE BACKSPLASH
• GRANITE COUNTERTOPS
• LUXURY VINYL PLANK FLOORING

Property features AI

Finance

• Financial info: List price listed (price available)

Exterior

• Parking: 2 parking spaces
• Utilities: Natural gas; Electric service; Central air (cooling)
• Home design: Spec home — The Maddux II plan; Listed as Active
• Construction: New construction (spec); Living area approximately 1,710
• Exterior features: Single-family property

Interior

• Kitchen: Plan includes standard kitchen (The Maddux II)
• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Natural gas heating; Electric heating; Heat pump; Central air conditioning
• Interior features: Open living area (per plan)
• Laundry & utility: Laundry/utility area (per plan)

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $288k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-290 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $246k (14.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $215k (25.3% below list).
• Recommended offer: $215k (25.3% below list) — sets the bar for 1% rule.
• Cap rate 5.1% vs local median 3.8% in Auburn — 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 (#41 in GA, #4,693 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D, amenities F, commute F.
• Barrow County (rural): math 29% / reading 34% proficiency, ranked #77 of 174 in GA (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+2.5%/yr); 327 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 58% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,427 units permitted in Barrow County in 2024 (311 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.
• Barrow County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($279k) is reasonable based on typical stale-listing flexibility.

Recommended offer $215,131 (25.3% 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 55 days. Have you received any prior offers? Is the seller open to a 25% 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 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. 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: 0.75% ✗
• Cap rate: 5.08%
• Cash-on-cash: -4.32%
• DSCR: 0.81
• GRM: 11.2

CMA / ARV

• ARV (median comp): $326,218
• List price: $287,900
• Delta: -11.75%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
133 Springbrook Dr	0.56mi	3/2.0	1,780 (+4%)	6mo	$325,000	$183	60
248 Cheyenne Way	0.38mi	3/2.0	1,656 (-3%)	20mo	$324,900	$196	59
46 Spirea Way Lot 64	0.73mi	3/2.5	1,599 (-6%)	3mo	$344,900	$216	53
85 Parks Mill Rd	0.55mi	3/2.0	1,525 (-11%)	6mo	$315,000	$207	49
40 Spirea Unit 65 Way	0.73mi	3/2.5	1,590 (-7%)	8mo	$371,000	$233	48
119 Chippewa Run	0.37mi	3/2.0	1,514 (-12%)	20mo	$324,900	$215	45
135 Springbrook Dr	0.53mi	3/2.0	1,486 (-13%)	9mo	$305,000	$205	44
15 3rd St	0.61mi	3/2.0	1,578 (-8%)	24mo	$305,000	$193	37
24 Autry Rd	0.71mi	4/2.0 (+1)	1,886 (+10%)	14mo	$305,000	$162	32

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 · 2.47% rent growth · sell at horizon

5-year hold

• IRR: -24.2%
• Equity multiple: 0.18×
• Total profit: $-66,236
• Equity at exit: $42,927

10-year hold

• IRR: -21.0%
• Equity multiple: -0.07×
• Total profit: $-85,968
• Equity at exit: $24,892

Cash invested: $80,612 (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 30011

• Home prices YoY: -30.5%
• Rents YoY: 2.5%
• Active inventory: 327
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $2,151 high
• Mortgage (P&I): −$1,510
• Tax est. 1.5%: −$360 /mo · $4,318/yr
• Insurance: −$120
• HOA: −$0
• Vacancy / Maint / Mgmt: −$452
• Net cashflow: $-290

Break-even live

Break-even rent $2,518

Max offer price $245,925

Occupancy floor —

Sensitivity live

Price	-10% $-91	-5% $-191	+0% $-290	+5% $-390	+10% $-489
Rent	-10% $-460	-5% $-375	+0% $-290	+5% $-205	+10% $-120
Rate	-1.0pp $-145	-0.5pp $-217	base $-290	+0.5pp $-365	+1.0pp $-441

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: $71,975
• Closing costs: $8,637
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
74 Mt Moriah Rd Unit 2A Auburn, GA	2.0	1.5	1120	$1,395	$1.25	44d	1	0.23mi
65 Basswood Ln Auburn, GA	3.0	2.5	1551	$2,198	$1.42	17d	1	0.34mi
245 Christy Ln Auburn, GA	3.0	2.0	1457	$1,890	$1.30	44d	1	1.00mi
127 N Auburn Landing Pl Auburn, GA	3.0	2.5	1774	$2,100	$1.18	44d	1	1.23mi
159 Auburn Run Ln Unit 1 Auburn, GA	3.0	2.5	1576	$1,990	$1.26	11d	1	1.28mi
159 Auburn Run Ln Auburn, GA	3.0	3.0	1576	$1,990	$1.26	4d	1	1.28mi
116 Auburn Gate Ln Auburn, GA	3.0	2.5	1829	$2,100	$1.15	19d	1	1.30mi
108 Auburn Gate Ln Auburn, GA	3.0	2.5	1774	$2,100	$1.18	44d	1	1.30mi
25 S Auburn Landing Pl Auburn, GA	3.0	2.5	1718	$2,050	$1.19	44d	1	1.35mi
23 N Auburn Landing Pl Unit 1 Auburn, GA	3.0	2.5	1500	$1,890	$1.26	44d	1	1.36mi
77 Auburn Woods Dr Auburn, GA	3.0	2.0	1817	$1,995	$1.10	44d	1	1.38mi
2099 Emerson Dr Auburn, GA	3.0	2.5	1421	$2,200	$1.55	18d	1	1.39mi
91 Auburn Woods Dr Auburn, GA	3.0	2.5	1788	$2,200	$1.23	44d	1	1.40mi
122 Auburn Valley Way Auburn, GA	3.0	2.5	1750	$5,000	$2.86	24d	1	1.42mi
110 S Auburn Landing Pl Auburn, GA	3.0	2.5	1774	$2,000	$1.13	44d	1	1.42mi
485 Auburn Valley Way Duluth, GA	3.0	2.5	1818	$2,150	$1.18	44d	1	1.42mi
300 Auburn Valley Way Auburn, GA	3.0	2.5	1818	$2,250	$1.24	5d	1	1.45mi
263 Auburn Valley Way Auburn, GA	3.0	2.5	1818	$2,200	$1.21	17d	1	1.48mi
221 Auburn Valley Way Auburn, GA	3.0	2.5	1774	$1,950	$1.10	44d	1	1.48mi

Listing history 15 events

1. 2026-06-18
   days on market $287,900 Active 55 DOM
2. 2026-06-17
   days on market $287,900 Active 54 DOM
3. 2026-06-16
   days on market $287,900 Active 53 DOM
4. 2026-06-15
   days on market $287,900 Active 52 DOM
5. 2026-06-13
   days on market $287,900 Active 50 DOM
6. 2026-06-09
   days on market $287,900 Active 46 DOM
7. 2026-06-08
   days on market $287,900 Active 45 DOM
8. 2026-06-07
   days on market $287,900 Active 44 DOM
9. 2026-06-04
   days on market $287,900 Active 41 DOM
10. 2026-06-03
    days on market $287,900 Active 40 DOM
11. 2026-06-02
    days on market $287,900 Active 39 DOM
12. 2026-06-01
    days on market $287,900 Active 38 DOM
13. 2026-05-31
    days on market $287,900 Active 37 DOM
14. 2026-05-18
    price $292,165 1496-char remark
15. 2026-04-24
    listed $312,165 Active 1496-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: $25,816
• − Mortgage interest: −$16,127
• − Property taxes: −$4,318
• − Insurance: −$1,440
• − Repairs & maintenance: −$2,065
• − Management: −$2,065
• − Depreciation: −$8,375
• Taxable loss: −$8,575
• Est. tax savings @ 24.0%: +$2,058
• After-tax cash flow: $-1,423/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 townhome in Trinity Station offers a spacious, well-maintained interior with modern finishes and an open-concept layout. Minor exterior touch-ups would further enhance its curb appeal.

Value-add opportunities

• Resale Paint exterior trim — Enhances curb appeal
• Rental Clean gutters — Keeps property in good condition

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint exterior trim — Enhances curb appeal ↑
• Rental Clean gutters — Keeps property in good condition ↑

ⓘ 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: Barrow County
• NCES district ID: 1300290
• Math proficiency: 29% ▼ -14.00%
• Reading proficiency: 34% ▼ -10.00%
• Median HH income: $52,082
• Composite: 27.63/100
• National rank: #6921
• State rank: #77 of 174 in GA

Livability — Auburn

• Score: 74/100
• State rank: #41
• US rank: #4693

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Auburn, GA
• County: Barrow County · 133,377 people
• City population: 21,624
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 21,624
• Household income: $86,402
• Rent vs Own: 18.1% rent · 81.9% own
• Severe rent burden: 234.0

Population outlook (Barrow County) Hauer SSP2

• Today (2025): 86,670 people
• By 2030: 92,039 · +6.2%
• By 2040: 101,992 · +17.7%
• By 2050: 110,075 · +27.0%
• By 2075: 124,017 · +43.1%
• By 2100: 127,579 · +47.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 58% Black 21% Hispanic / Latino 13% Two or more races 8% Asian 5%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2% Dominican 2%
• Common ancestry: Hispanic 5% Italian 2% Romanian 2%
• Foreign-born: 14% · Canada, Jamaica, South Korea
• Languages at home: 81% English-only · Spanish 10% French/Haitian/Cajun 2% Vietnamese 2%

Political lean MEDSL · Barrow

• 2024 margin: Solid R (+40.5) · D 29.5% · R 70.0%
• 2008→2024 swing: +4.1pp toward D · 2008: -44.6pp · 2024: -40.5pp
• All cycles: 2024: R+40.5 2020: R+43.1 2016: R+50.4 2012: R+50.5 2008: R+44.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -93.30%
• Current HPI: 212.2609
• Rent YoY: ▲ 2.47%
• 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