607 Thornton St · LaFayette, GA 30728

$170,000

3 bd · 2.0 ba · 1,008 sqft · SingleFamily public records · 12 Days on market

Built 2008 0.44 ac lot $169/sqft · at area comps Est $164k · at est.

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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 +15.0/30.0
• ARV discount +5.9/15.0
• DSCR +4.6/10.0
• 1% rule +3.4/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

100% USDA Financing Available! Charming 3 bedroom 2 bath home is located minutes to downtown Lafayette. New Carpet and tile. Large lot with landscapping. Affordable and move in ready!

Key facts

• 0.44 acre lot
• Built 2008
• Listed 12 days

Tags

• LARGE LEVEL CORNER LOT
• OUTDOOR SPACE FOR GARDENING
• MINUTES TO DOWNTOWN LAFAYETTE

Property features AI

Finance

• Other: Lot approximately 0.44 acres
• HOA & community: No homeowners association

Exterior

• Parking: Off-street parking
• Utilities: Public water; Public sewer; Electricity available; High speed internet available; Cable available; Sewer connected; Water available
• Home design: Single family residence (house); Resale property; Built in 2008
• Construction: Vinyl siding; Composition roof; Built in 2008; Crawl space foundation
• Exterior features: City lot; Corner lot; Level, open lot

Interior

• Kitchen: Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms on the main level
• Flooring: Carpet; Laminate; Tile
• Bathrooms: 2 full bathrooms on the main level
• Heating & cooling: Central heating; Central air; Ceiling fan(s)
• Interior features: Walk-in closet(s); Crawl space basement; One-level living
• Laundry & utility: Laundry located in the kitchen

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $52 ($621/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $144k (15.5% below list).
• Recommended offer: $144k (15.5% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 4.1% in LaFayette — 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 (#345 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: crime D+, amenities F, commute F.
• Walker County (rural): math 25% / reading 29% proficiency, ranked #114 of 174 in GA (top 66%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Gilbert Elementary School (math 22% / reading 22%, grade F, #810 of 1,228 statewide, top 69%, 508 students, 80% FRL); Lafayette Middle School (math 23% / reading 27%, grade F, #291 of 470 statewide, top 64%, 575 students, 77% FRL); Lafayette High School (math 5% / reading 15%, grade F, #353 of 424 statewide, top 86%, 1,164 students, 62% FRL).
• Market conditions: 218 active listings in the ZIP; 347 units permitted in Walker County in 2024 (24 in 5+ unit buildings).
• This rent runs 31% of the median local income ($55k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Walker County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 12y 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: moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $143,639 (15.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. Crime grade is D 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?
4. 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?
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: 0.84% ✗
• Cap rate: 6.66%
• Cash-on-cash: 1.31%
• DSCR: 1.06
• GRM: 9.9

CMA / ARV

• ARV (median comp): $164,271
• List price: $170,000
• Delta: 3.49%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
607 Thornton St	0.00mi	3/2.0	1,008 (0%)	1mo	$170,000	$169	99
703 Bomar St	0.08mi	3/1.0	960 (-5%)	3mo	$180,000	$188	82
705 Mclemore St	0.27mi	3/1.0	1,006 (-0%)	4mo	$20,000	$20	79
239 Thurman St	0.18mi	3/1.0	1,064 (+6%)	1mo	$206,000	$194	78
1103 Sisemore St	0.31mi	3/1.5	984 (-2%)	7mo	$155,000	$158	74
216 Thurman St	0.18mi	2/2.0 (-1)	1,144 (+14%)	4mo	$232,000	$203	61
306 Cedar St	0.62mi	3/1.0	1,074 (+6%)	3mo	$174,368	$162	54
205 Cavender St	0.69mi	2/2.0 (-1)	1,050 (+4%)	5mo	$199,900	$190	52
1009 W Main St	0.67mi	3/1.5	1,102 (+9%)	1mo	$200,000	$181	50
39 Cook St	0.74mi	3/1.0	960 (-5%)	7mo	$185,900	$194	48
318 Cedar St	0.55mi	2/1.5 (-1)	1,128 (+12%)	9mo	$65,000	$58	40
206 Glenn St	0.72mi	3/1.0	1,144 (+14%)	5mo	$180,000	$157	35

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: -14.2%
• Equity multiple: 0.49×
• Total profit: $-24,284
• Equity at exit: $25,348

10-year hold

• IRR: -5.5%
• Equity multiple: 0.64×
• Total profit: $-17,041
• Equity at exit: $14,698

Cash invested: $47,600 (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 30728

• Home prices YoY: -14.2%
• Active inventory: 218
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,436 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$121 /mo · $1,448/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $52

Break-even live

Break-even rent $1,371

Max offer price $170,000

Occupancy floor 91%

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-05
   status Under Contract 506-char remark
2. 2026-04-23
   listed $170,000 New 506-char remark
3. 2020-10-23
   soldstatus $110,900
4. 2020-10-21
   soldstatus $110,900 Closed 183-char remark

   Show marketing remark (183 chars)

   100% USDA Financing Available! Charming 3 bedroom 2 bath home is located minutes to downtown Lafayette. New Carpet and tile. Large lot with landscapping. Affordable and move in ready!

5. 2020-08-30
   historical Contingent 183-char remark

   Show marketing remark (183 chars)

   100% USDA Financing Available! Charming 3 bedroom 2 bath home is located minutes to downtown Lafayette. New Carpet and tile. Large lot with landscapping. Affordable and move in ready!

6. 2020-08-28
   listed $105,900 Active 183-char remark

   Show marketing remark (183 chars)

   100% USDA Financing Available! Charming 3 bedroom 2 bath home is located minutes to downtown Lafayette. New Carpet and tile. Large lot with landscapping. Affordable and move in ready!

7. 2014-04-14
   listed $85,000
8. 2009-07-06
   soldstatus $65,900

ⓘ 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: $1,448 · $121/mo
• Projected year-2 tax: $1,564 · $130/mo
• Expected delta: +$116/yr (+$10/mo · 8.0%)

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 14% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,237
• − Mortgage interest: −$9,523
• − Property taxes: −$1,448
• − Insurance: −$850
• − Repairs & maintenance: −$1,379
• − Management: −$1,379
• − Depreciation: −$4,945
• Taxable loss: −$2,287
• Est. tax savings @ 24.0%: +$549
• After-tax cash flow: $1,170/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: Walker County
• NCES district ID: 1305370
• Math proficiency: 25% ▼ -10.00%
• Reading proficiency: 29% ▼ -10.00%
• Median HH income: $39,889
• Composite: 22.74/100
• National rank: #8035
• State rank: #114 of 174 in GA

Livability — LaFayette

• Score: 61/100
• State rank: #345
• US rank: #17893

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: LaFayette, GA
• County: Walker County · 48,831 people
• City population: 18,790
• Metro: Chattanooga, TN-GA
• Population (ZIP): 18,790
• Household income: $55,455
• Rent vs Own: 26.6% rent · 73.4% own
• Severe rent burden: 233.0

Population outlook (Walker County) Hauer SSP2

• Today (2025): 66,050 people
• By 2030: 64,305 · -2.6%
• By 2040: 60,127 · -9.0%
• By 2050: 55,551 · -15.9%
• By 2075: 44,886 · -32.0%
• By 2100: 34,015 · -48.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 3% Hispanic / Latino 2% Asian 1%
• Common ancestry: Slovak 3% Lithuanian 2% Iranian 2%
• Foreign-born: 2% · South Korea
• Languages at home: 97% English-only · Spanish 2% Korean 1%

Political lean MEDSL · Walker

• 2024 margin: Solid R (+59.3) · D 20.1% · R 79.4%
• 2008→2024 swing: -12.5pp toward R · 2008: -46.8pp · 2024: -59.3pp
• All cycles: 2024: R+59.3 2020: R+59.3 2016: R+61.5 2012: R+50.2 2008: R+46.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.02%
• Current HPI: 271.2944
• Rent YoY: —
• Metro: Chattanooga, TN-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

+158.0% since first listed

10 events — show timeline

• 2026-05-29 Sold (Public Records) $170,000 Public Records
• 2026-05-28 Sold (MLS) $170,000 GAMLS
• 2026-05-05 Pending — GAMLS
• 2026-04-23 Listed $170,000 GAMLS
• 2020-10-23 Sold (Public Records) $110,900 Public Records
• 2020-10-21 Sold (MLS) $110,900 GCAR
• 2020-08-30 Contingent — GCAR
• 2020-08-28 Listed $105,900 GCAR
• 2014-04-14 Listed $85,000 RCAOR
• 2009-07-06 Sold (Public Records) $65,900 Public Records

Property tax history

+7.3%/yr

Latest (2025): $1,448 · -1.9% YoY. Source: county tax records.