501 Watson St · Blackshear, GA 31516

$30,000

2 bd · 1.0 ba · 792 sqft · SingleFamily public records · 70 Days on market

Built 1950 0.57 ac lot $38/sqft · 78% 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
• Schools +4.3/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Looking for your next project? This one's got the bones and the space to turn into something special. Sitting on a .57 acre lot, 501 Watson St offers room to renovate, expand, or completely transform. The home needs work, but that's where the opportunity is--bring your vision and make it exactly what you want it to be. Whether you're looking to create a cozy home, rental, or your next flip, this property gives you a solid starting point. SOLD AS-IS

Key facts

• Solid starting point
• .57 acre lot
• Room to renovate

Tags

• .57 ACRE LOT
• ROOM TO RENOVATE
• SOLID STARTING POINT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $542 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($950 rent vs $30k).
• Recommended offer: $28k (6.0% below list) — sets the bar for market timing.
• Cap rate 28.0% vs local median 2.8% in Blackshear — 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 68/100 on livability (#154 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime A, housing B+; Watch: schools C-, health & safety C-, amenities F.
• Pierce County (rural): math 52% / reading 51% proficiency, ranked #15 of 174 in GA (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 121 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 88 units permitted in Pierce County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $207 of loan paydown is wiped out by about $900 of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 70 days — a 6% lower offer ($28k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; severe wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $28,200 (6.0% below list)

Questions for the listing agent

1. It's been on market 70 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 3.17% ✓
• Cap rate: 27.96%
• Cash-on-cash: 77.38%
• DSCR: 4.44
• GRM: 2.6

CMA / ARV

• ARV (median comp): $135,000
• List price: $30,000
• Delta: -77.78%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
862 Watson St	0.09mi	2/1.0	850 (+7%)	5mo	$138,000	$162	80
526 Ware St	0.68mi	2/1.0	840 (+6%)	18mo	$40,000	$48	43

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 77.4%
• Equity multiple: 4.53×
• Total profit: $29,654
• Equity at exit: $4,473

10-year hold

• IRR: 81.0%
• Equity multiple: 9.37×
• Total profit: $70,309
• Equity at exit: $2,594

Cash invested: $8,400 (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 31516

• Home prices YoY: -9.1%
• Active inventory: 121
• Price-to-rent: 2.6×

Monthly cashflow live

• Estimated rent: $950 medium
• Mortgage (P&I): −$157
• Tax from tax record: −$39 /mo · $468/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$200
• Net cashflow: $542

Break-even live

Break-even rent $264

Max offer price $30,000

Occupancy floor 38%

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
526 Ware St Blackshear, GA	3.0	1.0	840	$950	$1.13	44d	1	0.72mi

Listing history 16 events

1. 2026-06-18
   days on market $30,000 Active 70 DOM
2. 2026-06-17
   days on market $30,000 Active 69 DOM
3. 2026-06-16
   days on market $30,000 Active 68 DOM
4. 2026-06-15
   days on market $30,000 Active 67 DOM
5. 2026-06-13
   days on market $30,000 Active 65 DOM
6. 2026-06-12
   days on market $30,000 Active 64 DOM
7. 2026-06-09
   days on market $30,000 Active 61 DOM
8. 2026-06-08
   days on market $30,000 Active 60 DOM
9. 2026-06-07
   days on market $30,000 Active 59 DOM
10. 2026-06-07
    days on market $30,000 Active 58 DOM
11. 2026-06-04
    days on market $30,000 Active 55 DOM
12. 2026-06-02
    days on market $30,000 Active 54 DOM
13. 2026-06-01
    days on market $30,000 Active 53 DOM
14. 2026-05-31
    days on market $30,000 Active 52 DOM
15. 2026-05-31
    days on market $30,000 Active 51 DOM
16. 2026-04-08
    listed $30,000 New 458-char remark

    Show marketing remark (458 chars)

    Looking for your next project? This one's got the bones and the space to turn into something special. Sitting on a .57 acre lot, 501 Watson St offers room to renovate, expand, or completely transform. The home needs work, but that's where the opportunity is--bring your vision and make it exactly what you want it to be. Whether you're looking to create a cozy home, rental, or your next flip, this property gives you a solid starting point. SOLD AS-IS

ⓘ 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: $468 · $39/mo
• Projected year-2 tax: $468 · $39/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 8/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,400
• − Mortgage interest: −$1,680
• − Property taxes: −$468
• − Insurance: −$150
• − Repairs & maintenance: −$912
• − Management: −$912
• − Depreciation: −$873
• Taxable income: $6,405
• Est. tax owed @ 24.0%: −$1,537
• After-tax cash flow: $4,963/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: Pierce County
• NCES district ID: 1304140
• Math proficiency: 52% ▼ -12.00%
• Reading proficiency: 51% ▼ -7.00%
• Median HH income: $39,523
• Composite: 43.04/100
• National rank: #3097
• State rank: #15 of 174 in GA

Livability — Blackshear

• Score: 68/100
• State rank: #154
• US rank: #9915

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Blackshear, GA
• City population: 15,465
• Population (ZIP): 15,465

Population outlook (Pierce County) Hauer SSP2

• Today (2025): 19,690 people
• By 2030: 19,886 · +1.0%
• By 2040: 20,140 · +2.3%
• By 2050: 20,113 · +2.1%
• By 2075: 19,166 · -2.7%
• By 2100: 16,296 · -17.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 8% Hispanic / Latino 6% Two or more races 5%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Slovak 3% Italian 1% Serbian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Pierce

• 2024 margin: Solid R (+77.5) · D 11.2% · R 88.7%
• 2008→2024 swing: -15.0pp toward R · 2008: -62.5pp · 2024: -77.5pp
• All cycles: 2024: R+77.5 2020: R+75.1 2016: R+74.0 2012: R+66.4 2008: R+62.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -26.01%
• Current HPI: 259.8612
• Rent YoY: —
• Metro: —
• 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

1 event — show timeline

• 2026-04-08 Listed $30,000 GAMLS

Property tax history

+4.5%/yr

Latest (2025): $468 · +3.8% YoY. Source: county tax records.