Palmary Plan · Greensboro, GA 30642

$443,990

2 bd · 2.0 ba · 1,858 sqft · SingleFamily · 794 Days on market

Excellent condition

---

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 +10.5/30.0
• ARV discount +7.5/15.0
• Condition / age +4.8/5.0
• Livability +3.2/5.0
• 1% rule +3.1/10.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Schools +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

The single-story Palmary new home design features a roomy Owner's Suite with a large walk-in closet and plenty of other storage spaces throughout the home. The kitchen boasts tons of counterspace overlooking the cafe and gathering room.

Key facts

• Tons of counterspace
• Large walk-in closet
• Owner's suite

Tags

• OWNER'S SUITE
• LARGE WALK-IN CLOSET
• PLENTY OF STORAGE SPACES
• TONS OF COUNTERSPACE

🏗️ New construction. The $443,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $493,587.

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $444k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-251 ($-3k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $400k (9.9% below list).
• Recommended offer: $391k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.7% vs local median 0.7% in Greensboro — 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 64/100 on livability (#272 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: amenities F, commute F, employment F.
• Greene County (rural): math 27% / reading 37% proficiency, ranked #82 of 174 in GA (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Anita White Carson Middle School (math 8% / reading 15%, grade F, #424 of 470 statewide, top 90%, 524 students, 97% FRL); Greene County High School (math 2% / reading 8%, grade F, #394 of 424 statewide, top 97%, 420 students, 97% FRL) — zoned schools average 97% FRL vs 64% district-wide (33 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 8% at this address vs 32% district-wide (-24 pts) — the specific schools serving this property underperform the Greene County average; the district grade overstates school quality for this exact location.
• Market conditions: 643 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 295 units permitted in Greene County in 2024 (0 in 5+ unit buildings).
• At $4,000/mo this rent would consume 54% of the median local household income ($89k/yr) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $15k of value loss. Plan a longer hold.
• Greene County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 794 days — a 12% lower offer ($391k) 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, 30% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $390,711 (12.0% 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 794 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.81% ✗
• Cap rate: 5.68%
• Cash-on-cash: -2.18%
• DSCR: 0.90
• GRM: 10.3

CMA / ARV

• ARV (median comp): $493,587
• List price: $443,990
• Delta: -10.05%
• 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
1011 Leeward Run Trl	0.37mi	2/2.0	1,859 (+0%)	5mo	$484,900	$261	78
1061 Little Shoals Rd	0.28mi	2/2.0	1,770 (-5%)	5mo	$425,000	$240	75
1000 Lone Oak Rd	0.55mi	2/2.0	1,933 (+4%)	3mo	$450,000	$233	65
1000 Askew Station Bnd	0.49mi	2/2.0	1,768 (-5%)	5mo	$394,000	$223	65
1040 Creekwood Pl	0.44mi	2/2.0	1,704 (-8%)	5mo	$395,000	$232	62
1372 Canoe Dr	0.65mi	2/2.0	1,900 (+2%)	7mo	$543,093	$286	60
1060 Lone Oak Rd	0.61mi	2/2.0	1,961 (+6%)	3mo	$3,000	$2	60
1341 Crooked Creek Rd	0.51mi	2/2.0	1,702 (-8%)	8mo	$410,000	$241	55
1080 Delcove Way	0.36mi	3/2.0 (+1)	2,084 (+12%)	6mo	$417,000	$200	53
1060 Askew Station Bnd	0.56mi	2/2.0	1,642 (-12%)	4mo	$420,000	$256	52
1241 Crooked Creek Rd	0.60mi	3/2.0 (+1)	2,096 (+13%)	6mo	$495,000	$236	40
1041 Lone Oak Rd	0.60mi	3/2.0 (+1)	2,096 (+13%)	9mo	$499,000	$238	38

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: -19.9%
• Equity multiple: 0.31×
• Total profit: $-95,913
• Equity at exit: $73,595

10-year hold

• IRR: -12.8%
• Equity multiple: 0.25×
• Total profit: $-103,864
• Equity at exit: $42,676

Cash invested: $138,204 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 35 active · 5 under contract
• Months of supply: 15.0 mo (7%/mo absorbed)
• Median asking: $453,990 ($246/sqft)
• Median days on market: 83 d
• This list price: 43% of active listings are priced below it
• ARV vs active asking: +8.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 30642

• Active inventory: 643
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $4,000 medium
• Mortgage (P&I): −$2,588
• Tax est. 1.5%: −$617 /mo · $7,404/yr
• Insurance: −$206
• HOA: −$0
• Vacancy / Maint / Mgmt: −$840
• Net cashflow: $-251

Break-even live

Break-even rent $4,318

Max offer price $457,257

Occupancy floor —

Sensitivity live

Price	-10% $90	-5% $-81	+0% $-251	+5% $-422	+10% $-592
Rent	-10% $-567	-5% $-409	+0% $-251	+5% $-93	+10% $65
Rate	-1.0pp $-2	-0.5pp $-126	base $-251	+0.5pp $-379	+1.0pp $-509

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: $123,397
• Closing costs: $14,808
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1021 Leeward Run Trl Greensboro, GA	2.0	2.0	1868	$4,000	$2.14	62d	1	0.40mi

Listing history 50 events

1. 2026-08-08
   days on market $443,990 Active 794 DOM
2. 2026-08-07
   days on market $443,990 Active 793 DOM
3. 2026-08-06
   days on market $443,990 Active 792 DOM
4. 2026-08-05
   days on market $443,990 Active 791 DOM
5. 2026-08-04
   days on market $443,990 Active 790 DOM
6. 2026-08-03
   days on market $443,990 Active 789 DOM
7. 2026-07-31
   days on market $443,990 Active 786 DOM
8. 2026-07-29
   days on market $443,990 Active 784 DOM
9. 2026-07-27
   days on market $443,990 Active 782 DOM
10. 2026-07-25
    days on market $443,990 Active 780 DOM
11. 2026-07-24
    days on market $443,990 Active 779 DOM
12. 2026-07-23
    days on market $443,990 Active 778 DOM
13. 2026-07-22
    days on market $443,990 Active 777 DOM
14. 2026-07-21
    days on market $443,990 Active 776 DOM
15. 2026-07-18
    pricedays on market $443,990 Active 773 DOM
16. 2026-07-16
    days on market $441,990 Active 771 DOM
17. 2026-07-16
    days on market $441,990 Active 770 DOM
18. 2026-07-14
    days on market $441,990 Active 769 DOM
19. 2026-07-13
    days on market $441,990 Active 768 DOM
20. 2026-07-12
    days on market $441,990 Active 767 DOM
21. 2026-07-11
    days on market $441,990 Active 766 DOM
22. 2026-07-10
    days on market $441,990 Active 765 DOM
23. 2026-07-09
    days on market $441,990 Active 764 DOM
24. 2026-07-08
    days on market $441,990 Active 763 DOM
25. 2026-07-07
    days on market $441,990 Active 762 DOM
26. 2026-07-06
    days on market $441,990 Active 761 DOM
27. 2026-07-05
    days on market $441,990 Active 760 DOM
28. 2026-07-04
    days on market $441,990 Active 759 DOM
29. 2026-07-03
    days on market $441,990 Active 758 DOM
30. 2026-07-02
    days on market $441,990 Active 757 DOM
31. 2026-07-01
    days on market $441,990 Active 756 DOM
32. 2026-06-30
    days on market $441,990 Active 755 DOM
33. 2026-06-29
    days on market $441,990 Active 754 DOM
34. 2026-06-28
    days on market $441,990 Active 753 DOM
35. 2026-06-28
    days on market $441,990 Active 752 DOM
36. 2026-06-27
    days on market $441,990 Active 751 DOM
37. 2026-06-25
    days on market $441,990 Active 749 DOM
38. 2026-06-23
    days on market $441,990 Active 747 DOM
39. 2026-06-21
    days on market $441,990 Active 746 DOM
40. 2026-06-19
    days on market $441,990 Active 744 DOM
41. 2026-06-18
    days on market $441,990 Active 743 DOM
42. 2026-06-17
    days on market $441,990 Active 742 DOM
43. 2026-06-16
    days on market $441,990 Active 741 DOM
44. 2026-06-15
    days on market $441,990 Active 740 DOM
45. 2026-06-14
    days on market $441,990 Active 738 DOM
46. 2026-06-13
    days on market $441,990 Active 737 DOM
47. 2026-06-10
    days on market $441,990 Active 735 DOM
48. 2026-06-09
    days on market $441,990 Active 734 DOM
49. 2026-06-08
    days on market $441,990 Active 733 DOM
50. 2026-06-07
    days on market $441,990 Active 732 DOM

ⓘ 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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 30% 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: $48,000
• − Mortgage interest: −$27,649
• − Property taxes: −$7,404
• − Insurance: −$2,468
• − Repairs & maintenance: −$3,840
• − Management: −$3,840
• − Depreciation: −$14,359
• Taxable loss: −$11,559
• Est. tax savings @ 24.0%: +$2,774
• After-tax cash flow: $-239/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.

Condition & rehab AI · 6 photos

Excellent 95/100 None rehab

This single-story Palmary home is in excellent condition with a modern kitchen and well-maintained exterior. It offers a good investment opportunity with potential for minor updates to enhance its resale and rental value.

Value-add opportunities

• Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
• Both Landscaping improvements — Enhanced landscaping can improve curb appeal and attract potential buyers/tenants. ↑
• Resale Kitchen appliances (if needed) — Upgrading to more modern or energy-efficient appliances can increase the home's appeal to buyers. ↑
• Resale Bathroom updates (if needed) — Updating bathrooms can improve the home's overall appeal and functionality for potential buyers. ↑
• Rental HVAC system maintenance — A well-maintained HVAC system ensures comfort and energy efficiency, which is important for rental properties. ↑
• Rental Landscaping maintenance — Well-maintained landscaping can attract tenants and improve the home's curb appeal for potential buyers. ↑

F Composite school gradezoned avg 8/100

Zoned Schools

Middle Anita White Carson Middle School F GA #424/470 Nat'l #13,186/14,009 High Greene County High School F GA #394/424 Nat'l #16,861/17,239

Schools (NCES district)

• District: Greene County
• NCES district ID: 1302490
• Math proficiency: 27% ▼ -8.00%
• Reading proficiency: 37% ▼ -5.00%
• Median HH income: $42,172
• Composite: 27.08/100
• National rank: #7046
• State rank: #82 of 174 in GA

C Composite livability gradescore 64/100

Livability — Greensboro

• Score: 64/100
• State rank: #272
• US rank: #14726

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Greene · 17,835 people
• Population (ZIP): 14,884
• Household income: $89,394
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 2% of renters

---

Population outlook (Greene County) Hauer SSP2

• Today (2025): 17,835 people
• By 2030: 18,182 · +1.9%
• By 2040: 18,509 · +3.8%
• By 2050: 18,794 · +5.4%
• By 2075: 19,704 · +10.5%
• By 2100: 20,584 · +15.4%

---

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (64%)
• Race & ethnicity: White 64% Black 26% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Italian 2% Serbian 2% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1%

---

Political lean MEDSL · Greene

• 2024 margin: Strong R (+28.9) · D 35.3% · R 64.2%
• 2008→2024 swing: -13.9pp toward R · 2008: -15.1pp · 2024: -28.9pp
• All cycles: 2024: R+28.9 2020: R+26.5 2016: R+26.0 2012: R+22.5 2008: R+15.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.13%
• Current HPI: 186.3442
• Rent YoY: —
• Metro: —
• 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

+2.1% since first listed

6 events — show timeline

• 2026-01-13 Price Changed $441,990 Zillow
• 2025-01-07 Price Changed $438,990 Zillow
• 2024-12-19 Relisted — Zillow
• 2024-12-19 Delisted — Zillow
• 2024-09-04 Price Changed $435,990 Zillow
• 2024-06-05 Listed $432,990 Zillow