3044 Red Rose Ln · Gainesville, GA 30507

$299,000

3 bd · 2.5 ba · 1,374 sqft · SingleFamily public records · 25 Days on market

Built 2001 0.62 ac lot $218/sqft · at area comps Est $311k · at est. $13/mo HOA · 1% of rent

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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).

• Cash flow +12.5/30.0
• ARV discount +9.3/15.0
• DSCR +3.7/10.0
• Livability +3.3/5.0
• 1% rule +3.0/10.0
• 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

BACK ON THE MARKET - NO FAULT OF SELLER! Welcome to 3044 Red Rose-an excellent opportunity for first-time buyers, investors, or those looking to downsize into a comfortable and low-maintenance home. This two-story layout offers 3 bedrooms and 2.5 baths, with all bedrooms conveniently located upstairs and a half bath on the main level for guests. The floor plan provides an easy, functional flow for everyday living. The kitchen features quartz countertops and stainless steel appliances, offering a bright and practical space to cook and gather. Step outside to enjoy a private, wooded backyard and a back deck-perfect for casual get-togethers or a quiet morning with coffee. Situated on a cul-de-sac, the home offers a sense of privacy while still being part of an established community. Whether you're stepping into homeownership, adding to your investment portfolio, or simplifying your lifestyle, 3044 Red Rose is a solid opportunity you won't want to miss.

Key facts

• Quartz countertops
• Back deck
• Cul-de-sac

Tags

• PRIVATE WOODED BACKYARD
• BACK DECK
• CUL-DE-SAC
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $299k.

Deal economics

• At list price, monthly cash flow is $-46 ($-550/yr) — negative.
• To cash-flow at today's rent, offer at most $291k (2.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $240k (19.8% below list).
• Recommended offer: $240k (19.8% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 2.7% in Gainesville — 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 66/100 on livability (#181 in GA) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-; Watch: amenities D+, schools F, crime F.
• Hall County (rural): math 28% / reading 33% proficiency, ranked #81 of 174 in GA (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 325 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 2,274 units permitted in Hall County in 2024 (620 in 5+ unit buildings).
• This rent runs 40% of the median local income ($72k/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.
• Hall County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 25 days — a 2% lower offer ($295k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 18y ago 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: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $239,869 (19.8% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.80% ✗
• Cap rate: 6.11%
• Cash-on-cash: -0.66%
• DSCR: 0.97
• GRM: 10.4

CMA / ARV

• ARV (median comp): $311,390
• List price: $299,000
• Delta: -3.98%
• Verdict: FAIR
• Comps: 15 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3044 Red Rose Ln	0.00mi	3/2.5	1,374 (0%)	1mo	$303,000	$221	99

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: -17.4%
• Equity multiple: 0.39×
• Total profit: $-51,412
• Equity at exit: $44,582

10-year hold

• IRR: -9.4%
• Equity multiple: 0.42×
• Total profit: $-48,694
• Equity at exit: $25,852

Cash invested: $83,720 (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 30507

• Home prices YoY: -25.0%
• Active inventory: 325
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,399 medium
• Mortgage (P&I): −$1,568
• Tax from tax record: −$235 /mo · $2,823/yr
• Insurance: −$125
• HOA: −$13
• Vacancy / Maint / Mgmt: −$504
• Net cashflow: $-46

Break-even live

Break-even rent $2,457

Max offer price $290,902

Occupancy floor 97%

Sensitivity live

Price	-10% $123	-5% $39	+0% $-46	+5% $-130	+10% $-215
Rent	-10% $-235	-5% $-141	+0% $-46	+5% $49	+10% $144
Rate	-1.0pp $105	-0.5pp $30	base $-46	+0.5pp $-123	+1.0pp $-202

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: $74,750
• Closing costs: $8,970
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3270 Lilac Creek Trl Gainesville, GA	3.0	2.5	1863	$2,128	$1.14	14d	1	0.86mi
2837 Bullfrog Ln Gainesville, GA	3.0	2.5	1855	$2,000	$1.08	14d	1	1.23mi

HOA detail

• Monthly dues: $13 · $156/yr

Listing history 22 events

1. 2026-05-14
   status Under Contract 973-char remark

   Show marketing remark (973 chars)

   BACK ON THE MARKET - NO FAULT OF SELLER! Welcome to 3044 Red Rose-an excellent opportunity for first-time buyers, investors, or those looking to downsize into a comfortable and low-maintenance home. This two-story layout offers 3 bedrooms and 2.5 baths, with all bedrooms conveniently located upstairs and a half bath on the main level for guests. The floor plan provides an easy, functional flow for everyday living. The kitchen features quartz countertops and stainless steel appliances, offering a bright and practical space to cook and gather. Step outside to enjoy a private, wooded backyard and a back deck-perfect for casual get-togethers or a quiet morning with coffee. Situated on a cul-de-sac, the home offers a sense of privacy while still being part of an established community. Whether you're stepping into homeownership, adding to your investment portfolio, or simplifying your lifestyle, 3044 Red Rose is a solid opportunity you won't want to miss.

2. 2026-05-11
   status Pending 987-char remark

   Show marketing remark (987 chars)

   BACK ON MARKET - NO FAULT OF SELLER! Welcome to 3044 Red Rose—an excellent opportunity for first-time buyers, investors, or those looking to downsize into a comfortable and low-maintenance home. This two-story layout offers 3 bedrooms and 2.5 baths, with all bedrooms conveniently located upstairs and a half bath on the main level for guests. The floor plan provides an easy, functional flow for everyday living. The kitchen features quartz countertops and stainless steel appliances, offering a bright and practical space to cook and gather. Step outside to enjoy a private, wooded backyard and a back deck—perfect for casual get-togethers or a quiet morning with coffee. Situated on a cul-de-sac, the home offers a sense of privacy while still being part of an established community. Whether you're stepping into homeownership, adding to your investment portfolio, or simplifying your lifestyle, 3044 Red Rose is a solid opportunity you won’t want to miss.

3. 2026-05-07
   status Back On Market 973-char remark

   Show marketing remark (973 chars)

   BACK ON THE MARKET - NO FAULT OF SELLER! Welcome to 3044 Red Rose-an excellent opportunity for first-time buyers, investors, or those looking to downsize into a comfortable and low-maintenance home. This two-story layout offers 3 bedrooms and 2.5 baths, with all bedrooms conveniently located upstairs and a half bath on the main level for guests. The floor plan provides an easy, functional flow for everyday living. The kitchen features quartz countertops and stainless steel appliances, offering a bright and practical space to cook and gather. Step outside to enjoy a private, wooded backyard and a back deck-perfect for casual get-togethers or a quiet morning with coffee. Situated on a cul-de-sac, the home offers a sense of privacy while still being part of an established community. Whether you're stepping into homeownership, adding to your investment portfolio, or simplifying your lifestyle, 3044 Red Rose is a solid opportunity you won't want to miss.

4. 2026-05-06
   status Active 987-char remark

   Show marketing remark (987 chars)

   BACK ON MARKET - NO FAULT OF SELLER! Welcome to 3044 Red Rose—an excellent opportunity for first-time buyers, investors, or those looking to downsize into a comfortable and low-maintenance home. This two-story layout offers 3 bedrooms and 2.5 baths, with all bedrooms conveniently located upstairs and a half bath on the main level for guests. The floor plan provides an easy, functional flow for everyday living. The kitchen features quartz countertops and stainless steel appliances, offering a bright and practical space to cook and gather. Step outside to enjoy a private, wooded backyard and a back deck—perfect for casual get-togethers or a quiet morning with coffee. Situated on a cul-de-sac, the home offers a sense of privacy while still being part of an established community. Whether you're stepping into homeownership, adding to your investment portfolio, or simplifying your lifestyle, 3044 Red Rose is a solid opportunity you won’t want to miss.

5. 2026-04-23
   status Under Contract 973-char remark

   Show marketing remark (987 chars)

   BACK ON MARKET - NO FAULT OF SELLER! Welcome to 3044 Red Rose—an excellent opportunity for first-time buyers, investors, or those looking to downsize into a comfortable and low-maintenance home. This two-story layout offers 3 bedrooms and 2.5 baths, with all bedrooms conveniently located upstairs and a half bath on the main level for guests. The floor plan provides an easy, functional flow for everyday living. The kitchen features quartz countertops and stainless steel appliances, offering a bright and practical space to cook and gather. Step outside to enjoy a private, wooded backyard and a back deck—perfect for casual get-togethers or a quiet morning with coffee. Situated on a cul-de-sac, the home offers a sense of privacy while still being part of an established community. Whether you're stepping into homeownership, adding to your investment portfolio, or simplifying your lifestyle, 3044 Red Rose is a solid opportunity you won’t want to miss.

6. 2026-04-23
   status Pending 987-char remark

   Show marketing remark (987 chars)

   BACK ON MARKET - NO FAULT OF SELLER! Welcome to 3044 Red Rose—an excellent opportunity for first-time buyers, investors, or those looking to downsize into a comfortable and low-maintenance home. This two-story layout offers 3 bedrooms and 2.5 baths, with all bedrooms conveniently located upstairs and a half bath on the main level for guests. The floor plan provides an easy, functional flow for everyday living. The kitchen features quartz countertops and stainless steel appliances, offering a bright and practical space to cook and gather. Step outside to enjoy a private, wooded backyard and a back deck—perfect for casual get-togethers or a quiet morning with coffee. Situated on a cul-de-sac, the home offers a sense of privacy while still being part of an established community. Whether you're stepping into homeownership, adding to your investment portfolio, or simplifying your lifestyle, 3044 Red Rose is a solid opportunity you won’t want to miss.

7. 2026-04-14
   price $299,000 973-char remark

   Show marketing remark (987 chars)

   BACK ON MARKET - NO FAULT OF SELLER! Welcome to 3044 Red Rose—an excellent opportunity for first-time buyers, investors, or those looking to downsize into a comfortable and low-maintenance home. This two-story layout offers 3 bedrooms and 2.5 baths, with all bedrooms conveniently located upstairs and a half bath on the main level for guests. The floor plan provides an easy, functional flow for everyday living. The kitchen features quartz countertops and stainless steel appliances, offering a bright and practical space to cook and gather. Step outside to enjoy a private, wooded backyard and a back deck—perfect for casual get-togethers or a quiet morning with coffee. Situated on a cul-de-sac, the home offers a sense of privacy while still being part of an established community. Whether you're stepping into homeownership, adding to your investment portfolio, or simplifying your lifestyle, 3044 Red Rose is a solid opportunity you won’t want to miss.

8. 2026-04-14
   price $299,000 987-char remark

   Show marketing remark (987 chars)

   BACK ON MARKET - NO FAULT OF SELLER! Welcome to 3044 Red Rose—an excellent opportunity for first-time buyers, investors, or those looking to downsize into a comfortable and low-maintenance home. This two-story layout offers 3 bedrooms and 2.5 baths, with all bedrooms conveniently located upstairs and a half bath on the main level for guests. The floor plan provides an easy, functional flow for everyday living. The kitchen features quartz countertops and stainless steel appliances, offering a bright and practical space to cook and gather. Step outside to enjoy a private, wooded backyard and a back deck—perfect for casual get-togethers or a quiet morning with coffee. Situated on a cul-de-sac, the home offers a sense of privacy while still being part of an established community. Whether you're stepping into homeownership, adding to your investment portfolio, or simplifying your lifestyle, 3044 Red Rose is a solid opportunity you won’t want to miss.

9. 2026-04-02
   listed $310,000 New 973-char remark

   Show marketing remark (987 chars)

   BACK ON MARKET - NO FAULT OF SELLER! Welcome to 3044 Red Rose—an excellent opportunity for first-time buyers, investors, or those looking to downsize into a comfortable and low-maintenance home. This two-story layout offers 3 bedrooms and 2.5 baths, with all bedrooms conveniently located upstairs and a half bath on the main level for guests. The floor plan provides an easy, functional flow for everyday living. The kitchen features quartz countertops and stainless steel appliances, offering a bright and practical space to cook and gather. Step outside to enjoy a private, wooded backyard and a back deck—perfect for casual get-togethers or a quiet morning with coffee. Situated on a cul-de-sac, the home offers a sense of privacy while still being part of an established community. Whether you're stepping into homeownership, adding to your investment portfolio, or simplifying your lifestyle, 3044 Red Rose is a solid opportunity you won’t want to miss.

10. 2026-04-02
    listed $310,000 Active 987-char remark

    Show marketing remark (987 chars)

    BACK ON MARKET - NO FAULT OF SELLER! Welcome to 3044 Red Rose—an excellent opportunity for first-time buyers, investors, or those looking to downsize into a comfortable and low-maintenance home. This two-story layout offers 3 bedrooms and 2.5 baths, with all bedrooms conveniently located upstairs and a half bath on the main level for guests. The floor plan provides an easy, functional flow for everyday living. The kitchen features quartz countertops and stainless steel appliances, offering a bright and practical space to cook and gather. Step outside to enjoy a private, wooded backyard and a back deck—perfect for casual get-togethers or a quiet morning with coffee. Situated on a cul-de-sac, the home offers a sense of privacy while still being part of an established community. Whether you're stepping into homeownership, adding to your investment portfolio, or simplifying your lifestyle, 3044 Red Rose is a solid opportunity you won’t want to miss.

11. 2022-08-18
    soldstatus $300,000 Sold
12. 2022-08-18
    soldstatus $300,000 Closed
13. 2022-07-16
    status Under Contract
14. 2022-07-16
    status Pending
15. 2022-06-30
    listed $299,900 New
16. 2022-06-30
    listed $299,900 Active
17. 2022-05-27
    soldstatus $263,700
18. 2009-06-03
    soldstatus $88,500
19. 2009-02-27
    soldstatus $61,500
20. 2008-11-19
    listed $74,900
21. 2005-01-25
    soldstatus $138,700
22. 2000-12-28
    soldstatus $75,000

ⓘ 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: $2,823 · $235/mo
• Projected year-2 tax: $2,823 · $235/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 5/10 Major 7 d/yr ≥103°F today · 18 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 9% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,784
• − Mortgage interest: −$16,749
• − Property taxes: −$2,823
• − Insurance: −$1,495
• − Repairs & maintenance: −$2,303
• − Management: −$2,303
• − HOA: −$156
• − Depreciation: −$8,698
• Taxable loss: −$5,742
• Est. tax savings @ 24.0%: +$1,378
• After-tax cash flow: $828/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: Hall County
• NCES district ID: 1302610
• Math proficiency: 28% ▼ -12.00%
• Reading proficiency: 33% ▼ -5.00%
• Median HH income: $55,708
• Composite: 27.15/100
• National rank: #7029
• State rank: #81 of 174 in GA

Livability — Gainesville

• Score: 66/100
• State rank: #181
• US rank: #11362

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Hall County · 188,353 people
• City population: 140,301
• Metro: Gainesville, GA
• Population (ZIP): 33,009
• Household income: $71,703
• Rent vs Own: 27.6% rent · 72.4% own
• Severe rent burden: 702.0

Population outlook (Hall County) Hauer SSP2

• Today (2025): 225,275 people
• By 2030: 240,204 · +6.6%
• By 2040: 268,440 · +19.2%
• By 2050: 293,596 · +30.3%
• By 2075: 350,293 · +55.5%
• By 2100: 389,329 · +72.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Hispanic / Latino 46% White 38% Two or more races 21% Black 10% Asian 2%
• Hispanic origin (detail): Mexican 40%
• Common ancestry: American 1% Serbian 1% Italian 1%
• Foreign-born: 25% · Canada, Vietnam
• Languages at home: 53% English-only · Spanish 43% Vietnamese 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Hall

• 2024 margin: Solid R (+43.8) · D 27.8% · R 71.6%
• 2008→2024 swing: +7.1pp toward D · 2008: -50.9pp · 2024: -43.8pp
• All cycles: 2024: R+43.8 2020: R+43.2 2016: R+50.7 2012: R+56.4 2008: R+50.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -93.17%
• Current HPI: 280.1363
• Rent YoY: —
• Metro: Gainesville, 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

+298.7% since first listed

22 events — show timeline

• 2026-05-14 Pending — GAMLS
• 2026-05-11 Pending — FMLS
• 2026-05-07 Relisted — GAMLS
• 2026-05-06 Relisted — FMLS
• 2026-04-23 Pending — GAMLS
• 2026-04-23 Pending — FMLS
• 2026-04-14 Price Changed $299,000 GAMLS
• 2026-04-14 Price Changed $299,000 FMLS
• 2026-04-02 Listed $310,000 FMLS
• 2026-04-02 Listed $310,000 GAMLS
• 2022-08-18 Sold (MLS) $300,000 FMLS
• 2022-08-18 Sold (MLS) $300,000 GAMLS
• 2022-07-16 Pending — GAMLS
• 2022-07-16 Pending — FMLS
• 2022-06-30 Listed $299,900 FMLS
• 2022-06-30 Listed $299,900 GAMLS
• 2022-05-27 Sold (Public Records) $263,700 Public Records
• 2009-06-03 Sold (Public Records) $88,500 Public Records
• 2009-02-27 Sold (MLS) $61,500 FMLS
• 2008-11-19 Listed $74,900 FMLS
• 2005-01-25 Sold (Public Records) $138,700 Public Records
• 2000-12-28 Sold (Public Records) $75,000 Public Records

Property tax history

+4.1%/yr

Latest (2025): $2,823 · -5.0% YoY. Source: county tax records.