112 W Little River Ct · Eatonton, GA 31024

$234,500

3 bd · 1.0 ba · 688 sqft · SingleFamily public records · 204 Days on market

Built 1990 0.61 ac lot $341/sqft · 83% above area Est $399k · 41% under ↓ 12% since listing

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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 +15.0/15.0
• Cash flow +13.2/30.0
• DSCR +4.0/10.0
• 1% rule +3.7/10.0
• Livability +3.6/5.0
• 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

REDUCED TO SELL! Come enjoy this quiet setting with access to Lake Sinclair. This unique property has a manufactured home and a small 688 sq ft one bedroom cabin on it (included in total square footage). Cabin also has a covered pavilion attached. You can rent the cabin or have it for guests. This cabin has a partially remodeled kitchen. The home is spacious with a large living room. Large lot with waterfront on Lake Sinclair, the inlet need dredging to get boat in and out. Make this your wonderful lake spot. Needs some TLC to make it your own! Lot next door is available also for more more privacy. Being sold "AS IS WHERE IS". Located an hour and half from Atlanta airport, 45 minutes from Macon.

Key facts

• Manufactured home
• Covered pavilion
• 0.61 acre lot

Tags

• ACCESS TO LAKE SINCLAIR
• WATERFRONT ON LAKE SINCLAIR
• MANUFACTURED HOME
• SMALL ONE BEDROOM CABIN
• COVERED PAVILION
• PARTIALLY REMODELED KITCHEN

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $234k.

Deal economics

• At list price, monthly cash flow is $-69 ($-828/yr) — negative.
• To cash-flow at today's rent, offer at most $225k (4.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $205k (12.7% below list).
• Recommended offer: $205k (12.7% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 4.2% in Eatonton — 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 71/100 on livability (#76 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: schools F, amenities F, commute 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.
• Market conditions: 522 active listings in the ZIP; 129 units permitted in Putnam County in 2024 (50 in 5+ unit buildings).
• This rent runs 37% 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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 204 days — a 12% lower offer ($206k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; major wind risk, 60% 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 $204,815 (12.7% 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 204 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
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. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.87% ✗
• Cap rate: 6.28%
• Cash-on-cash: -0.05%
• DSCR: 1.00
• GRM: 9.5

CMA / ARV

• ARV (median comp): $398,898
• List price: $234,500
• Delta: -41.21%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -18.3%
• Equity multiple: 0.36×
• Total profit: $-42,322
• Equity at exit: $34,965

10-year hold

• IRR: -10.6%
• Equity multiple: 0.36×
• Total profit: $-42,220
• Equity at exit: $20,275

Cash invested: $65,660 (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: 9.5×

Monthly cashflow live

• Estimated rent: $2,048 medium
• Mortgage (P&I): −$1,230
• Tax est. 1.5%: −$293 /mo · $3,518/yr
• Insurance: −$98
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$430
• Net cashflow: $-69

Break-even live

Break-even rent $2,135

Max offer price $224,516

Occupancy floor 98%

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: $58,625
• Closing costs: $7,035
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-19
   days on market $234,500 Active 204 DOM
2. 2026-06-18
   days on market $234,500 Active 203 DOM
3. 2026-06-17
   days on market $234,500 Active 202 DOM
4. 2026-06-16
   days on market $234,500 Active 201 DOM
5. 2026-06-15
   days on market $234,500 Active 200 DOM
6. 2026-06-14
   days on market $234,500 Active 198 DOM
7. 2026-06-12
   days on market $234,500 Active 197 DOM
8. 2026-06-09
   days on market $234,500 Active 194 DOM
9. 2026-06-08
   days on market $234,500 Active 193 DOM
10. 2026-06-07
    days on market $234,500 Active 192 DOM
11. 2026-06-05
    days on market $234,500 Active 189 DOM
12. 2026-06-03
    days on market $234,500 Active 188 DOM
13. 2026-06-02
    days on market $234,500 Active 187 DOM
14. 2026-06-01
    days on market $234,500 Active 186 DOM
15. 2026-05-31
    days on market $234,500 Active 185 DOM
16. 2026-05-30
    statusdays on market $234,500 Active 184 DOM
17. 2026-02-01
    price $234,500 714-char remark

    Show marketing remark (714 chars)

    REDUCED TO SELL! Come enjoy this quiet setting with access to Lake Sinclair. This unique property has a manufactured home and a small 688 sq ft one bedroom cabin on it (included in total square footage). Cabin also has a covered pavilion attached. You can rent the cabin or have it for guests. This cabin has a partially remodeled kitchen. The home is spacious with a large living room. Large lot with waterfront on Lake Sinclair, the inlet need dredging to get boat in and out. Make this your wonderful lake spot. Needs some TLC to make it your own! Lot next door is available also for more more privacy. Being sold "AS IS WHERE IS". Located an hour and half from Atlanta airport, 45 minutes from Macon.

18. 2025-12-30
    price $240,000 714-char remark

    Show marketing remark (714 chars)

    REDUCED TO SELL! Come enjoy this quiet setting with access to Lake Sinclair. This unique property has a manufactured home and a small 688 sq ft one bedroom cabin on it (included in total square footage). Cabin also has a covered pavilion attached. You can rent the cabin or have it for guests. This cabin has a partially remodeled kitchen. The home is spacious with a large living room. Large lot with waterfront on Lake Sinclair, the inlet need dredging to get boat in and out. Make this your wonderful lake spot. Needs some TLC to make it your own! Lot next door is available also for more more privacy. Being sold "AS IS WHERE IS". Located an hour and half from Atlanta airport, 45 minutes from Macon.

19. 2025-11-25
    listed $265,000 New 714-char remark

    Show marketing remark (714 chars)

    REDUCED TO SELL! Come enjoy this quiet setting with access to Lake Sinclair. This unique property has a manufactured home and a small 688 sq ft one bedroom cabin on it (included in total square footage). Cabin also has a covered pavilion attached. You can rent the cabin or have it for guests. This cabin has a partially remodeled kitchen. The home is spacious with a large living room. Large lot with waterfront on Lake Sinclair, the inlet need dredging to get boat in and out. Make this your wonderful lake spot. Needs some TLC to make it your own! Lot next door is available also for more more privacy. Being sold "AS IS WHERE IS". Located an hour and half from Atlanta airport, 45 minutes from Macon.

ⓘ 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 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥109°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 60% 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: $24,578
• − Mortgage interest: −$13,136
• − Property taxes: −$3,518
• − Insurance: −$1,970
• − Repairs & maintenance: −$1,966
• − Management: −$1,966
• − Depreciation: −$6,822
• Taxable loss: −$4,800
• Est. tax savings @ 24.0%: +$1,152
• After-tax cash flow: $324/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 — Eatonton

• Score: 71/100
• State rank: #76
• US rank: #6665

Category grades

Amenities F Commute F Cost of living A+ Crime A Employment F Housing A+ Health & safety A- 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

-11.5% since first listed

3 events — show timeline

• 2026-02-01 Price Changed $234,500 GAMLS
• 2025-12-30 Price Changed $240,000 GAMLS
• 2025-11-25 Listed $265,000 GAMLS