175 Oconee Cir · Greensboro, GA 31024

$130,000

2 bd · 1.0 ba · 636 sqft · Manufactured public records · 7 Days on market

Built 1991 3,049 sqft lot $21/mo HOA · 1% of rent

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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 +28.8/30.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Cozy 2 bedroom, 1 bathroom home in a small Lake Oconee community. The home sits on a corner lot. Featuring a spacious screened in front porch, with access to the side porch. Walk inside to the open concept kitchen, living, and dining room. Vaulted ceilings and lots of windows provide the area with lots of natural light. Two bedrooms off of the main area. A spacious bathroom sits at the back of the home, containing a double vanity, tub/shower combo, and a large laundry area. The community amenities include: beach, boat ramp, pavilion, playground, and docks. Lake life without breaking the bank!

Key facts

• Open concept kitchen
• Community amenities
• Corner lot

Tags

• CORNER LOT
• SCREENED IN FRONT PORCH
• OPEN CONCEPT KITCHEN
• COMMUNITY AMENITIES
• BOAT RAMP
• PLAYGROUND

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $130k.

Deal economics

• At list price, monthly cash flow is $438 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Cap rate 10.3% vs local median 1.0% in Greensboro — 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 64/100 on livability (#272 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: amenities F, commute F, employment F.
• Putnam County (rural): math 33% / reading 30% proficiency, ranked #86 of 174 in GA (top 49%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Putnam County Primary School (756 students, 81% FRL); Putnam County Middle School (math 31% / reading 33%, grade F, #229 of 470 statewide, top 49%, 681 students, 81% FRL); Putnam County High School (math 8% / reading 32%, grade F, #238 of 424 statewide, top 57%, 919 students, 81% FRL).
• Market conditions: 522 active listings in the ZIP; 129 units permitted in Putnam County in 2024 (50 in 5+ unit buildings).
• This rent runs 31% of the median local income ($66k/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 $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Putnam County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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, 35% 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 $130,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-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: 1.32% ✓
• Cap rate: 10.34%
• Cash-on-cash: 14.44%
• DSCR: 1.64
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 4.9%
• Equity multiple: 1.19×
• Total profit: $6,877
• Equity at exit: $19,383

10-year hold

• IRR: 14.3%
• Equity multiple: 2.16×
• Total profit: $42,077
• Equity at exit: $11,240

Cash invested: $36,400 (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 31024

• Active inventory: 522
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $1,718 medium
• Mortgage (P&I): −$682
• Tax est. 1.5%: −$162 /mo · $1,950/yr
• Insurance: −$54
• HOA: −$21
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $438

Break-even live

Break-even rent $1,164

Max offer price $130,000

Occupancy floor 70%

Sensitivity live

Price	-10% $528	-5% $483	+0% $438	+5% $393	+10% $348
Rent	-10% $302	-5% $370	+0% $438	+5% $506	+10% $574
Rate	-1.0pp $504	-0.5pp $471	base $438	+0.5pp $404	+1.0pp $370

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $21 · $252/yr

Listing history 4 events

1. 2026-04-21
   status Under Contract 600-char remark

   Show marketing remark (600 chars)

   Cozy 2 bedroom, 1 bathroom home in a small Lake Oconee community. The home sits on a corner lot. Featuring a spacious screened in front porch, with access to the side porch. Walk inside to the open concept kitchen, living, and dining room. Vaulted ceilings and lots of windows provide the area with lots of natural light. Two bedrooms off of the main area. A spacious bathroom sits at the back of the home, containing a double vanity, tub/shower combo, and a large laundry area. The community amenities include: beach, boat ramp, pavilion, playground, and docks. Lake life without breaking the bank!

2. 2026-04-21
   status Pending

   Show marketing remark (600 chars)

   Cozy 2 bedroom, 1 bathroom home in a small Lake Oconee community. The home sits on a corner lot. Featuring a spacious screened in front porch, with access to the side porch. Walk inside to the open concept kitchen, living, and dining room. Vaulted ceilings and lots of windows provide the area with lots of natural light. Two bedrooms off of the main area. A spacious bathroom sits at the back of the home, containing a double vanity, tub/shower combo, and a large laundry area. The community amenities include: beach, boat ramp, pavilion, playground, and docks. Lake life without breaking the bank!

3. 2026-04-14
   listed $130,000 New 600-char remark

   Show marketing remark (600 chars)

   Cozy 2 bedroom, 1 bathroom home in a small Lake Oconee community. The home sits on a corner lot. Featuring a spacious screened in front porch, with access to the side porch. Walk inside to the open concept kitchen, living, and dining room. Vaulted ceilings and lots of windows provide the area with lots of natural light. Two bedrooms off of the main area. A spacious bathroom sits at the back of the home, containing a double vanity, tub/shower combo, and a large laundry area. The community amenities include: beach, boat ramp, pavilion, playground, and docks. Lake life without breaking the bank!

4. 2026-04-14
   listed $130,000 Active

   Show marketing remark (600 chars)

   Cozy 2 bedroom, 1 bathroom home in a small Lake Oconee community. The home sits on a corner lot. Featuring a spacious screened in front porch, with access to the side porch. Walk inside to the open concept kitchen, living, and dining room. Vaulted ceilings and lots of windows provide the area with lots of natural light. Two bedrooms off of the main area. A spacious bathroom sits at the back of the home, containing a double vanity, tub/shower combo, and a large laundry area. The community amenities include: beach, boat ramp, pavilion, playground, and docks. Lake life without breaking the bank!

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 35% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,621
• − Mortgage interest: −$7,282
• − Property taxes: −$1,950
• − Insurance: −$650
• − Repairs & maintenance: −$1,650
• − Management: −$1,650
• − HOA: −$252
• − Depreciation: −$3,782
• Taxable income: $3,405
• Est. tax owed @ 24.0%: −$817
• After-tax cash flow: $4,440/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: Putnam County
• NCES district ID: 1304260
• Math proficiency: 33% ▼ -5.00%
• Reading proficiency: 30% ▼ -1.00%
• Median HH income: $44,038
• Composite: 26.9/100
• National rank: #7088
• State rank: #86 of 174 in GA

Livability — Greensboro

• Score: 64/100
• State rank: #272
• US rank: #14726

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Putnam County · 21,601 people
• City population: 21,601
• Metro: nan
• Population (ZIP): 21,601
• Household income: $65,971
• Rent vs Own: 19.9% rent · 80.1% own
• Severe rent burden: 696.0

Population outlook (Putnam County) Hauer SSP2

• Today (2025): 20,747 people
• By 2030: 20,163 · -2.8%
• By 2040: 18,680 · -10.0%
• By 2050: 17,117 · -17.5%
• By 2075: 13,269 · -36.0%
• By 2100: 9,234 · -55.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 26% Hispanic / Latino 7% Two or more races 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Slovak 1% Italian 1% Lithuanian 1%
• Foreign-born: 6% · Canada
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Putnam

• 2024 margin: Solid R (+42.2) · D 28.7% · R 71.0%
• 2008→2024 swing: -10.9pp toward R · 2008: -31.4pp · 2024: -42.2pp
• All cycles: 2024: R+42.2 2020: R+40.9 2016: R+40.0 2012: R+35.8 2008: R+31.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -199.84%
• Current HPI: 269.8265
• Rent YoY: —
• Metro: nan
• 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

+0.0% since first listed

4 events — show timeline

• 2026-04-21 Pending — GAMLS
• 2026-04-21 Pending — FMLS
• 2026-04-14 Listed $130,000 FMLS
• 2026-04-14 Listed $130,000 GAMLS

Property tax history

-29.5%/yr

Latest (2025): $4 · -61.7% YoY. Source: county tax records.