11479 S Glen St · Lovejoy, GA 30228

$164,900

3 bd · 3.0 ba · 1,424 sqft · Townhouse public records · 43 Days on market

Built 2003 $116/sqft · 13% below area Est $190k · 13% under $45/mo HOA · 2% of rent

---

Why this score? — see what drove the C+ 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 +22.9/30.0
• ARV discount +13.5/15.0
• DSCR +7.3/10.0
• 1% rule +6.4/10.0
• Rent growth +3.1/5.0
• Livability +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Great starter family home! This 3 bedroom, 2.5 bathroom home is located in the desirable Southfield HOA community and offers a functional layout perfect for comfortable living. Featuring a welcoming exterior and low-maintenance design, this property is ideal for families looking for both space and convenience. Enjoy the benefits of community living while being in a well-kept neighborhood. With its practical floor plan and inviting feel, this home presents a great opportunity to own in Southfield.

Key facts

• $45 HOA
• Garage
• Built 2003

Property features AI

Finance

• Other: Located in South Field subdivision
• HOA & community: Homeowners association with $45 monthly fee

Exterior

• Parking: 1-car garage; Paved parking
• Utilities: Public water; Public sewer
• Home design: Residential townhouse; Zoned R 3
• Construction: Frame and brick construction; Slab foundation
• Exterior features: Shingle roof

Interior

• Kitchen: Dishwasher; Electric oven; Electric range; Microwave; Refrigerator
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Pantry; Walk-in closet(s); Gas fireplace
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath townhouse listed at $165k.

Deal economics

• At list price, monthly cash flow is $289 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $160k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 4.4% in Lovejoy — 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 62/100 on livability (#317 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment C-, schools F, amenities F.
• Clayton County (suburban): math 11% / reading 20% proficiency, ranked #155 of 174 in GA (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.2%/yr); 547 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 865 units permitted in Clayton County in 2024 (448 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Clayton County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y 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: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $159,953 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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. 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: 1.14% ✓
• Cap rate: 8.39%
• Cash-on-cash: 7.50%
• DSCR: 1.33
• GRM: 7.3

CMA / ARV

• ARV (median comp): $190,209
• List price: $164,900
• Delta: -13.31%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1761 Glen View Way	0.04mi	3/2.5	1,426 (+0%)	1mo	$150,000	$105	95
1740 Fielding Way	0.06mi	3/2.5	1,520 (+7%)	1mo	$169,900	$112	83
11447 South Grove Dr	0.18mi	3/2.5	1,520 (+7%)	2mo	$159,900	$105	76
11524 Kimberly Way	0.57mi	3/2.5	1,579 (+11%)	0mo	$245,490	$155	53
11531 Kimberly Way Lot 09	0.55mi	3/2.5	1,579 (+11%)	1mo	$279,990	$177	53
11535 Kimberly Way Lot 11	0.54mi	3/2.5	1,579 (+11%)	2mo	$269,990	$171	52
11541 Kimberly Way	0.56mi	3/2.5	1,579 (+11%)	2mo	$269,590	$171	52
11522 Kimberly Way	0.58mi	3/2.5	1,579 (+11%)	1mo	$275,491	$174	52
11526 Kimberly Way	0.58mi	3/2.5	1,579 (+11%)	1mo	$286,490	$181	52
11514 Kimberly Way	0.57mi	3/2.5	1,579 (+11%)	2mo	$285,990	$181	52
11518 Kimberly Way	0.57mi	3/2.5	1,579 (+11%)	2mo	$275,491	$174	52
11552 Kimberly Way #29	0.59mi	3/2.5	1,579 (+11%)	2mo	$269,990	$171	51

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 · 2.2% rent growth · sell at horizon

5-year hold

• IRR: -5.7%
• Equity multiple: 0.79×
• Total profit: $-9,769
• Equity at exit: $24,587

10-year hold

• IRR: 2.9%
• Equity multiple: 1.20×
• Total profit: $9,362
• Equity at exit: $14,258

Cash invested: $46,172 (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 30228

• Home prices YoY: -24.3%
• Rents YoY: 2.2%
• Active inventory: 547
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,886 high
• Mortgage (P&I): −$865
• Tax from tax record: −$223 /mo · $2,676/yr
• Insurance: −$69
• HOA: −$45
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $289

Break-even live

Break-even rent $1,521

Max offer price $164,900

Occupancy floor 80%

Sensitivity live

Price	-10% $382	-5% $335	+0% $289	+5% $242	+10% $195
Rent	-10% $140	-5% $214	+0% $289	+5% $363	+10% $438
Rate	-1.0pp $372	-0.5pp $331	base $289	+0.5pp $246	+1.0pp $203

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: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1781 Fielding Way Lovejoy, GA	3.0	2.5	1370	$1,545	$1.13	44d	1	0.08mi
1863 Grove Way Lovejoy, GA	3.0	2.5	1592	$1,660	$1.04	25d	1	0.18mi
1902 Grove Way Lovejoy, GA	3.0	2.5	1592	$1,555	$0.98	4d	1	0.22mi
2019 Grove Way Lovejoy, GA	3.0	2.5	1524	$1,395	$0.92	44d	1	0.22mi
1992 Lovejoy Rd Lovejoy, GA	1.0–3.0	1.0–2.0	1085	$1,902	$1.75	2d	25	0.37mi
11531 Kimberly Way Lovejoy, GA	3.0	2.5	1579	$2,200	$1.39	5d	1	0.57mi
11522 Kimberly Way Lovejoy, GA	3.0	2.5	1700	$2,200	$1.29	5d	1	0.57mi
11236 James Madison Dr Hampton, GA	3.0	2.5	1518	$1,870	$1.23	44d	1	0.58mi
11866 Registry Blvd Unit 1 Hampton, GA	3.0	2.0	1488	$1,650	$1.11	25d	1	0.64mi
2056 Registry Pl Lovejoy, GA	3.0	2.0	1488	$1,825	$1.23	44d	1	0.68mi
1591 Elizabeth Ln Hampton, GA	3.0	2.0	1352	$1,591	$1.18	44d	1	0.68mi
1578 Onalee Dr Hampton, GA	3.0	2.5	1709	$1,800	$1.05	25d	1	0.70mi
11649 Mendenhall Ct Hampton, GA	3.0	2.5	1568	$2,300	$1.47	21d	1	0.78mi
11722 Chatham Dr Hampton, GA	3.0	2.5	1600	$2,300	$1.44	25d	1	0.79mi
11035 Shannon Cir Hampton, GA	3.0	2.0	1320	$1,606	$1.22	13d	1	0.82mi
2361 Brianna Dr Lovejoy, GA	3.0	2.5	1384	$1,525	$1.10	22d	1	0.84mi
2367 Brianna Dr Lovejoy, GA	3.0	2.5	1440	$1,695	$1.18	44d	1	0.84mi
11015 Tara Blvd Lovejoy, GA	1.0–3.0	1.0–2.0	1113	$1,815	$1.63	44d	1	0.84mi
11523 Vinea Ln Lovejoy, GA	3.0	2.0	1557	$1,850	$1.19	44d	1	0.88mi
2306 Nicole Dr Lovejoy, GA	3.0	2.5	1324	$1,800	$1.36	44d	1	0.90mi
2411 Brianna Dr Lovejoy, GA	3.0	2.0	1432	$1,826	$1.28	3d	1	0.91mi
11560 Winston Dr Lovejoy, GA	3.0	3.0	1710	$2,710	$1.58	44d	1	0.94mi
11942 Fuller St Lovejoy, GA	3.0	2.5	1421	$1,639	$1.15	44d	1	0.94mi
11940 Fuller St Lovejoy, GA	3.0	2.5	1421	$1,699	$1.20	44d	1	0.94mi
11352 Michelle Way Lovejoy, GA	3.0	2.5	1440	$1,485	$1.03	13d	1	0.94mi
2257 Sugarleaf Trl Lovejoy, GA	3.0	2.0	1624	$1,775	$1.09	44d	1	0.95mi
2275 Nicole Dr Lovejoy, GA	4.0	2.0	1800	$1,835	$1.02	6d	1	0.95mi
11877 Fuller St Lovejoy, GA	3.0	2.5	1386	$1,609	$1.16	25d	1	0.99mi
2251 Nicole Dr #119 Hampton, GA	3.0	2.5	1324	$1,700	$1.28	25d	1	1.00mi
1652 Thorn Ridge Trl Hampton, GA	3.0	2.0	1360	$1,960	$1.44	44d	1	1.01mi
10784 Knotty Pine Pl Hampton, GA	3.0	2.0	1329	$1,795	$1.35	44d	1	1.03mi
10911 Tara Blvd Lovejoy, GA	1.0–3.0	1.0–2.0	1150	$1,795	$1.56	44d	1	1.08mi
12227 Tara Blvd Lovejoy, GA	1.0–3.0	1.0–2.0	1179	$1,913	$1.62	2d	13	1.11mi
10903 Thrasher Rd Hampton, GA	3.0	2.0	1412	$1,725	$1.22	22d	1	1.19mi
10960 Morning Dove Dr Hampton, GA	3.0	2.0	1600	$4,600	$2.88	44d	1	1.24mi
10887 Tara Blvd Hampton, GA	3.0	2.5	1756	$2,032	$1.16	5d	10	1.26mi
10938 Wheeler Trce Lovejoy, GA	3.0	3.0	1692	$1,879	$1.11	44d	1	1.26mi
1340 Birdsong Ln Hampton, GA	3.0	2.5	1640	$1,961	$1.20	6d	1	1.29mi
1059 Olive Dr Hampton, GA	3.0	2.0	1803	$1,990	$1.10	44d	1	1.36mi
1374 Misty Ridge Ct Hampton, GA	3.0	2.0	1250	$1,775	$1.42	44d	1	1.42mi

HOA detail

• Monthly dues: $45 · $540/yr

Listing history 18 events

1. 2026-06-18
   days on market $164,900 Active 43 DOM
2. 2026-06-17
   days on market $164,900 Active 42 DOM
3. 2026-06-16
   days on market $164,900 Active 41 DOM
4. 2026-06-15
   days on market $164,900 Active 40 DOM
5. 2026-06-13
   days on market $164,900 Active 38 DOM
6. 2026-06-09
   days on market $164,900 Active 34 DOM
7. 2026-06-08
   days on market $164,900 Active 33 DOM
8. 2026-06-07
   days on market $164,900 Active 32 DOM
9. 2026-06-04
   days on market $164,900 Active 29 DOM
10. 2026-06-03
    days on market $164,900 Active 28 DOM
11. 2026-06-02
    days on market $164,900 Active 27 DOM
12. 2026-06-01
    days on market $164,900 Active 26 DOM
13. 2026-05-31
    days on market $164,900 Active 25 DOM
14. 2026-05-06
    listed $164,900 Active 501-char remark
15. 2026-03-06
    soldstatus $509,056
16. 2024-03-31
    historical $1,750
17. 2024-01-31
    listed $1,750
18. 2021-09-24
    soldstatus $91,196

ⓘ 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: $2,676 · $223/mo
• Projected year-2 tax: $2,676 · $223/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 7/10 Severe 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,637
• − Mortgage interest: −$9,237
• − Property taxes: −$2,676
• − Insurance: −$824
• − Repairs & maintenance: −$1,811
• − Management: −$1,811
• − HOA: −$540
• − Depreciation: −$4,797
• Taxable income: $940
• Est. tax owed @ 24.0%: −$226
• After-tax cash flow: $3,240/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: Clayton County
• NCES district ID: 1301230
• Math proficiency: 11% ▼ -13.00%
• Reading proficiency: 20% ▼ -9.00%
• Median HH income: $42,266
• Composite: 13.41/100
• National rank: #9527
• State rank: #155 of 174 in GA

Livability — Lovejoy

• Score: 62/100
• State rank: #317
• US rank: #17071

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lovejoy, GA
• County: Henry County · 316,359 people
• City population: 606
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 52,402
• Household income: $82,619
• Rent vs Own: 27.9% rent · 72.1% own
• Severe rent burden: 1285.0

Population outlook (Clayton County) Hauer SSP2

• Today (2025): 310,777 people
• By 2030: 329,762 · +6.1%
• By 2040: 368,052 · +18.4%
• By 2050: 401,196 · +29.1%
• By 2075: 472,488 · +52.0%
• By 2100: 500,446 · +61.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (63%)
• Race & ethnicity: Black 63% White 23% Hispanic / Latino 8% Two or more races 6% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 1%
• Common ancestry: Hispanic 4% Lithuanian 1% Italian 1%
• Foreign-born: 9% · Canada, Vietnam, Jamaica
• Languages at home: 89% English-only · Spanish 6% French/Haitian/Cajun 2% Vietnamese 1%

Political lean MEDSL · Clayton

• 2024 margin: Solid D (+69.2) · D 84.3% · R 15.1%
• 2008→2024 swing: +2.8pp toward D · 2008: 66.4pp · 2024: 69.2pp
• All cycles: 2024: D+69.2 2020: D+70.9 2016: D+71.9 2012: D+70.1 2008: D+66.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -71.11%
• Current HPI: 222.0357
• Rent YoY: ▲ 2.20%
• 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

Price history

+80.8% since first listed

5 events — show timeline

• 2026-05-06 Listed $164,900 TBOR
• 2026-03-06 Sold (Public Records) $509,056 Public Records
• 2024-03-31 Rental Removed $1,750 APPFOLIO
• 2024-01-31 Listed for Rent $1,750 APPFOLIO
• 2021-09-24 Sold (Public Records) $91,196 Public Records

Property tax history

+3.5%/yr

Latest (2025): $2,676 · -1.8% YoY. Source: county tax records.