6140 Michelle Ln · Chattahoochee Hills, GA 30135

$239,900

3 bd · 2.0 ba · 1,830 sqft · SingleFamily public records · 128 Days on market

Built 1973 0.49 ac lot $131/sqft · 26% above area Est $380k · 37% under

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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 +11.7/30.0
• DSCR +3.4/10.0
• 1% rule +3.1/10.0
• Livability +3.1/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

Key facts

• Large deck
• Bonus room
• Finished basement

Tags

• HALF ACRE LOT
• LARGE DECK
• FENCED BACKYARD
• OVERSIZED LOT
• FINISHED BASEMENT
• BONUS ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $-71 ($-849/yr) — negative.
• To cash-flow at today's rent, offer at most $227k (5.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (18.7% below list).
• Recommended offer: $195k (18.7% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 1.4% in Chattahoochee Hills — 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 61/100 on livability (#338 in GA) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A; Watch: amenities F, commute F, health & safety F.
• Douglas County (suburban): math 23% / reading 35% proficiency, ranked #92 of 174 in GA (top 53%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Bill Arp Elementary School (math 30% / reading 31%, grade F, #620 of 1,228 statewide, top 51%, 610 students, 72% FRL); Fairplay Middle School (math 25% / reading 54%, grade F, #147 of 470 statewide, top 33%, 537 students, 36% FRL); Chapel Hill High School (math 16% / reading 32%, grade F, #203 of 424 statewide, top 48%, 1,609 students, 48% FRL) — zoned schools at 52% FRL track the district average.
• Market conditions: Rents flat; 610 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 595 units permitted in Douglas County in 2024 (72 in 5+ unit buildings).

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.
• Douglas County population projected at +35% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 128 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 15y 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.
• Current owner paid $30k; list at $240k implies a 700% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $195,155 (18.7% 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 128 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 D-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: 0.81% ✗
• Cap rate: 5.94%
• Cash-on-cash: -1.26%
• DSCR: 0.94
• GRM: 10.2

CMA / ARV

• ARV (median comp): $379,785
• List price: $239,900
• Delta: -36.83%
• 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
6049 Shallow Wood Ct	0.08mi	3/2.5	1,884 (+3%)	14mo	$297,000	$158	78
6074 Shallow Wood Ln	0.10mi	3/2.5	1,933 (+6%)	9mo	$300,000	$155	77
5200 Bedwood Way	0.31mi	3/2.5	1,679 (-8%)	3mo	$305,000	$182	67
6213 S Summers Cir	0.27mi	4/2.0 (+1)	1,890 (+3%)	14mo	$300,000	$159	65
6045 Crowley Dr	0.33mi	4/3.0 (+1)	1,818 (-1%)	14mo	$469,000	$258	63
4962 Cherrydale Dr	0.44mi	3/2.0	1,624 (-11%)	1mo	$300,000	$185	60
6185 S Summers Cir	0.25mi	3/2.0	1,598 (-13%)	9mo	$218,500	$137	59
5069 Luxford Dr	0.48mi	3/2.0	1,724 (-6%)	12mo	$295,000	$171	58
4821 Kings Hwy	0.73mi	4/2.0 (+1)	1,865 (+2%)	2mo	$270,000	$145	56
4855 Kings Hwy	0.64mi	4/2.5 (+1)	1,905 (+4%)	10mo	$325,000	$171	48
6195 Queensdale Dr	0.56mi	4/3.0 (+1)	1,675 (-8%)	11mo	$320,000	$191	42
4953 Apple Valley Rd	0.51mi	4/3.0 (+1)	2,068 (+13%)	13mo	$287,500	$139	34

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 · 0.08% rent growth · sell at horizon

5-year hold

• IRR: -21.6%
• Equity multiple: 0.27×
• Total profit: $-48,949
• Equity at exit: $35,770

10-year hold

• IRR: -24.1%
• Equity multiple: -0.04×
• Total profit: $-69,984
• Equity at exit: $20,742

Cash invested: $67,172 (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 30135

• Rents YoY: 0.1%
• Active inventory: 610
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,952 high
• Mortgage (P&I): −$1,258
• Tax from tax record: −$254 /mo · $3,053/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$410
• Net cashflow: $-71

Break-even live

Break-even rent $2,041

Max offer price $227,403

Occupancy floor 99%

Sensitivity live

Price	-10% $65	-5% $-3	+0% $-71	+5% $-139	+10% $-207
Rent	-10% $-225	-5% $-148	+0% $-71	+5% $6	+10% $83
Rate	-1.0pp $50	-0.5pp $-10	base $-71	+0.5pp $-133	+1.0pp $-196

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6118 Plumcrest Rd Douglasville, GA	3.0	2.0	2114	$1,650	$0.78	26d	1	0.41mi
4841 Ventnore Pl Douglasville, GA	4.0	3.0	1800	$2,095	$1.16	5d	1	0.75mi
6190 Knights Ln Douglasville, GA	4.0	2.5	1700	$1,700	$1.00	26d	1	0.78mi
6430 Queensdale Dr Douglasville, GA	4.0	2.5	2262	$2,195	$0.97	7d	1	0.86mi
6430 Queensdale Dr Douglasville, GA	4.0	2.5	2262	$2,195	$0.97	0d	1	0.86mi
6364 Dorsett Shoals Rd Douglasville, GA	4.0	3.0	1900	$1,500	$0.79	45d	1	0.97mi
4710 Camelot Dr Douglasville, GA	3.0	2.0	1554	$1,100	$0.71	14d	1	0.99mi
4956 W Ridge Dr Douglasville, GA	3.0	2.0	1296	$1,725	$1.33	7d	1	1.28mi
4839 W Lake Way Douglasville, GA	3.0	2.0	1835	$1,940	$1.06	26d	1	1.35mi
4852 W Ridge Dr Douglasville, GA	4.0	3.0	1872	$2,085	$1.11	45d	1	1.37mi

Listing history 43 events

1. 2026-06-21
   days on market $239,900 Active 128 DOM
2. 2026-06-18
   days on market $239,900 Active 125 DOM
3. 2026-06-17
   days on market $239,900 Active 124 DOM
4. 2026-06-16
   days on market $239,900 Active 123 DOM
5. 2026-06-15
   days on market $239,900 Active 122 DOM
6. 2026-06-13
   days on market $239,900 Active 120 DOM
7. 2026-06-09
   days on market $239,900 Active 116 DOM
8. 2026-06-08
   days on market $239,900 Active 115 DOM
9. 2026-06-07
   days on market $239,900 Active 114 DOM
10. 2026-06-04
    days on market $239,900 Active 111 DOM
11. 2026-06-03
    days on market $239,900 Active 110 DOM
12. 2026-06-02
    days on market $239,900 Active 109 DOM
13. 2026-06-01
    days on market $239,900 Active 108 DOM
14. 2026-05-31
    days on market $239,900 Active 107 DOM
15. 2026-04-29
    price $239,900 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

16. 2026-04-29
    price $239,900 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

17. 2026-04-13
    status Back On Market 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

18. 2026-04-09
    status Active 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

19. 2026-03-25
    status Under Contract 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

20. 2026-03-19
    status Pending 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

21. 2026-03-10
    listed $249,900 Active 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

22. 2026-03-10
    status Active 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

23. 2026-03-10
    historical Active Under Contract 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

24. 2026-03-10
    soldstatus Sold 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

25. 2026-03-04
    price $249,900 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

26. 2026-03-04
    price $249,900 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

27. 2026-01-23
    listed $259,900 New 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

28. 2026-01-23
    listed $259,900 Active 1708-char remark

    Show marketing remark (1708 chars)

    Investor Special with Size, Lot, and Long-Term Upside in Shaler Heights Welcome to 6140 Michelle Lane, a true opportunity property in the established Shaler Heights neighborhood of Douglasville. This home has served as a long-term rental for many years and it shows, but what also shows is the potential. With solid bones, generous square footage, and a half-acre lot, this is the kind of project savvy investors look for. The main level offers approximately 1,830 square feet with three bedrooms and two bathrooms, along with a living room, dining room, and family room layout that provides flexibility for a future owner occupant or a strong rental configuration. A large deck overlooks the fenced backyard, and the oversized lot provides room to reimagine outdoor living, expansion, or value-add improvements. The finished basement adds even more upside with an additional bedroom, a bonus room, a recreation room, and a large two-car garage. This lower level creates multiple possibilities, including extended living space, multi-generational use, or enhanced rental income. Make no mistake, this home needs work. It has been lived in hard, and buyers should bring their vision and their contractor. That said, the fundamentals are here, square footage, lot size, location, and access to I-20, shopping, schools, and the continued growth of close-in Douglasville. If you are looking for a cosmetic flip, a long-term hold, or a value-add income property, this one checks the boxes that matter most. This is not about pretty finishes today, it is about smart positioning for tomorrow. Sold as-is. Opportunities like this do not come along often in a neighborhood with this much potential.

29. 2011-11-04
    historical
30. 2011-10-27
    soldstatus $30,000 Sold
31. 2011-09-27
    status Pending
32. 2011-09-07
    status Active
33. 2011-08-19
    status Pending Existing Lender Approval
34. 2011-08-10
    price $32,500 Reduced
35. 2011-08-09
    price $32,500
36. 2011-07-06
    price $39,900
37. 2011-07-05
    price $39,900
38. 2011-06-28
    price $49,500 Reduced
39. 2011-06-27
    price $49,500
40. 2011-03-25
    price $55,000 Reduced
41. 2011-03-24
    price $55,000
42. 2011-02-17
    listed $59,000 Active
43. 1990-08-17
    soldstatus $66,000

ⓘ 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: $3,053 · $254/mo
• Projected year-2 tax: $3,053 · $254/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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,419
• − Mortgage interest: −$13,438
• − Property taxes: −$3,053
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,873
• − Management: −$1,873
• − Depreciation: −$6,979
• Taxable loss: −$4,998
• Est. tax savings @ 24.0%: +$1,200
• After-tax cash flow: $351/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: Douglas County
• NCES district ID: 1301860
• Math proficiency: 23% ▼ -16.00%
• Reading proficiency: 35% ▼ -11.00%
• Median HH income: $55,335
• Composite: 25.84/100
• National rank: #7353
• State rank: #92 of 174 in GA

Livability — Chattahoochee Hills

• Score: 61/100
• State rank: #338
• US rank: #17608

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Douglas County · 141,416 people
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 66,800
• Household income: $94,526
• Rent vs Own: 21.9% rent · 78.1% own
• Severe rent burden: 890.0

Population outlook (Douglas County) Hauer SSP2

• Today (2025): 163,022 people
• By 2030: 173,956 · +6.7%
• By 2040: 196,859 · +20.8%
• By 2050: 220,017 · +35.0%
• By 2075: 279,831 · +71.7%
• By 2100: 322,702 · +97.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.63)
• Race & ethnicity: Black 49% White 35% Hispanic / Latino 9% Two or more races 6% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2%
• Common ancestry: Hispanic 2% Slovak 1% Italian 1%
• Foreign-born: 10% · Canada, Vietnam, Jamaica
• Languages at home: 88% English-only · Spanish 7% French/Haitian/Cajun 2% Vietnamese 1%

Political lean MEDSL · Douglas

• 2024 margin: Solid D (+31.4) · D 65.4% · R 33.9%
• 2008→2024 swing: +29.6pp toward D · 2008: 1.8pp · 2024: 31.4pp
• All cycles: 2024: D+31.4 2020: D+25.1 2016: D+10.8 2012: D+4.0 2008: D+1.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -225.50%
• Current HPI: 223.9534
• Rent YoY: ▲ 0.08%
• 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

+263.5% since first listed

29 events — show timeline

• 2026-04-29 Price Changed $239,900 GAMLS
• 2026-04-29 Price Changed $239,900 FMLS
• 2026-04-13 Relisted — GAMLS
• 2026-04-09 Relisted — FMLS
• 2026-03-25 Pending — GAMLS
• 2026-03-19 Pending — FMLS
• 2026-03-10 Listed $249,900 GAMLS
• 2026-03-10 Relisted — FMLS
• 2026-03-10 Contingent — FMLS
• 2026-03-10 Sold (MLS) — GAMLS
• 2026-03-04 Price Changed $249,900 GAMLS
• 2026-03-04 Price Changed $249,900 FMLS
• 2026-01-23 Listed $259,900 FMLS
• 2026-01-23 Listed $259,900 GAMLS
• 2011-11-04 Listing Removed — FMLS
• 2011-10-27 Sold (MLS) $30,000 FMLS
• 2011-09-27 Pending — FMLS
• 2011-09-07 Relisted — FMLS
• 2011-08-19 Pending — FMLS
• 2011-08-10 Price Changed $32,500 GAMLS
• 2011-08-09 Price Changed $32,500 FMLS
• 2011-07-06 Price Changed $39,900 GAMLS
• 2011-07-05 Price Changed $39,900 FMLS
• 2011-06-28 Price Changed $49,500 GAMLS
• 2011-06-27 Price Changed $49,500 FMLS
• 2011-03-25 Price Changed $55,000 GAMLS
• 2011-03-24 Price Changed $55,000 FMLS
• 2011-02-17 Listed $59,000 FMLS
• 1990-08-17 Sold (Public Records) $66,000 Public Records

Property tax history

+4.6%/yr

Latest (2025): $3,053 · +11.1% YoY. Source: county tax records.