1077 Pike St · Macon-Bibb County, GA 31204

$60,000

3 bd · 1.0 ba · 975 sqft · SingleFamily public records · 123 Days on market

Built 1970 4,791 sqft lot Est $97k · 38% under ↓ 28% since listing

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Why this score? — see what drove the B 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Brick three bedroom home centrally located in Bibb County convenient to shopping, restaurants, and all of Macon-Bibb County. Supra lockbox on front door for agent showings at agents convenience. Do not use Showing Time! All offers to be submitted by real estate agents using the HomePath Online Offer System at HomePath.com or at homepath. fanniemae.com. Contract paperwork will be Fannie Mae contract, not GAR. Earnest money wired to and held by Seller's attorney after offer acceptance. Buyer may use Seller's attorney to close the transaction or may use a closing attorney of Buyer's choice, but EM will ALWAYS be held by Seller's attorney. If Seller's attorney closes the transaction then Owner's Title Insurance will be provided to Buyer free of charge. Buyer and agent required to do their own due diligence to verify all information. Listing information is not guaranteed.

Key facts

• 4,791 sq ft lot
• Built 1970
• Listed 123 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $480 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Recommended offer: $53k (12.0% below list) — sets the bar for market timing.
• Cap rate 15.9% vs local median 5.4% in Macon-Bibb County — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Bibb County (urban): math 11% / reading 18% proficiency, ranked #161 of 174 in GA (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Weaver Middle School (math 5% / reading 12%, grade F, #439 of 470 statewide, top 94%, 909 students, 100% FRL); Westside High School (math 2% / reading 2%, grade F, #421 of 424 statewide, top 100%, 1,025 students, 100% FRL) — zoned schools average 100% FRL vs 75% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.6%/yr); 255 active listings in the ZIP; 28 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 46% of comp listings sitting > 30 days — soft ceiling on asking rent; lower-income renter base — watch delinquency; 154 units permitted in Bibb County in 2024 (0 in 5+ unit buildings).
• This rent runs 33% of the median local income ($39k/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 $415 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Bibb County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 4.6% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 123 days — a 12% lower offer ($53k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $25k (29%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 66% 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 $52,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 123 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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: 1.77% ✓
• Cap rate: 15.90%
• Cash-on-cash: 34.31%
• DSCR: 2.53
• GRM: 4.7

CMA / ARV

• ARV (on-the-fly): $96,525
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1042 Washington St	0.03mi	3/1.0	965 (-1%)	4mo	$74,000	$77	94
1201 Sherbrooke Dr	0.14mi	3/1.0	1,080 (+11%)	4mo	$65,000	$60	72
3423 Walker St	0.42mi	3/1.0	969 (-1%)	14mo	$62,500	$64	67
3584 Log Cabin Dr	0.37mi	3/2.0	1,025 (+5%)	6mo	$130,000	$127	65
3417 Lawton Rd	0.42mi	3/1.5	975 (0%)	20mo	$125,000	$128	62
3434 Lawton Rd	0.43mi	3/1.0	1,000 (+3%)	18mo	$99,000	$99	61
3789 Del Park	0.63mi	3/1.0	1,023 (+5%)	4mo	$31,000	$30	59
3464 Hollingsworth Rd	0.41mi	3/1.0	950 (-3%)	21mo	$95,000	$100	59
1076 Carlisle Ave	0.74mi	3/1.0	1,025 (+5%)	4mo	$104,000	$101	53
1247 Carlisle Ave	0.64mi	3/2.0	1,050 (+8%)	2mo	$151,000	$144	52
3491 Bond St W	0.56mi	2/1.0 (-1)	828 (-15%)	1mo	$14,000	$17	43
3320 Napier Ave	0.69mi	2/1.0 (-1)	864 (-11%)	11mo	$70,000	$81	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 · 4.61% rent growth · sell at horizon

5-year hold

• IRR: 31.4%
• Equity multiple: 2.34×
• Total profit: $22,594
• Equity at exit: $8,946

10-year hold

• IRR: 39.4%
• Equity multiple: 4.95×
• Total profit: $66,380
• Equity at exit: $5,188

Cash invested: $16,800 (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 31204

• Rents YoY: 4.6%
• Active inventory: 255
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,059 high
• Mortgage (P&I): −$315
• Tax from tax record: −$17 /mo · $202/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$222
• Net cashflow: $480

Break-even live

Break-even rent $451

Max offer price $60,000

Occupancy floor 50%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 28 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1208 Fourth Ave W Macon, GA	3.0	1.0	960	$825	$0.86	43d	1	0.43mi
1187 Edna Pl Unit S-1208 Macon, GA	2.0	2.0	1000	$850	$0.85	13d	1	0.47mi
1187 Edna Pl Unit S-1206 Macon, GA	2.0	2.0	1000	$1,060	$1.06	21d	1	0.47mi
4053 Log Cabin Dr Unit B3 Macon, GA	2.0	1.0	950	$749	$0.79	21d	1	0.47mi
3634 Dawn St Macon, GA	3.0	1.0	999	$850	$0.85	43d	1	0.71mi
1076 Carlisle Ave Macon, GA	3.0	1.0	1025	$1,065	$1.04	21d	1	0.72mi
3588 Morgan Dr Macon, GA	4.0	1.0	1080	$1,200	$1.11	21d	1	0.86mi
3307 Guthrie Dr Macon, GA	2.0	1.0	754	$900	$1.19	13d	1	0.95mi
3346 Shaw Dr Macon, GA	3.0	1.0	1094	$895	$0.82	21d	1	0.96mi
4151 Log Cabin Dr Macon, GA	1.0–2.0	1.0–2.0	836	$1,434	$1.72	43d	1	0.97mi
3645 Mercer University Dr Macon, GA	1.0–2.0	1.0	874	$850	$0.97	43d	4	1.01mi
1020 Radio Dr Macon, GA	2.0	1.0	850	$889	$1.05	43d	1	1.06mi
3834 Mercer St Macon, GA	2.0	1.0	1000	$875	$0.88	43d	1	1.13mi
1596 Burton Ave Macon, GA	3.0	1.0	1117	$895	$0.80	13d	1	1.15mi
3495 Charleston Cir Macon, GA	3.0	1.0	1048	$799	$0.76	21d	1	1.15mi
3495 Charleston Cir Macon, GA	3.0	1.0	1048	$875	$0.83	43d	1	1.15mi
3469 Kingsbury Dr Macon, GA	4.0	2.0	1100	$1,295	$1.18	43d	1	1.16mi
3034 Churchill St Macon, GA	2.0	1.0	872	$900	$1.03	21d	1	1.23mi
4228 Mark Pl Macon, GA	4.0	1.5	1000	$1,300	$1.30	13d	1	1.25mi
1835 Bethlea Ave Macon, GA	2.0	1.0	800	$900	$1.12	43d	1	1.39mi
4033 N Napier Ave Unit 6 Macon, GA	2.0	1.5	1000	$850	$0.85	43d	1	1.40mi
1463 Bankston Ave Macon, GA	2.0	1.0	960	$950	$0.99	43d	1	1.42mi
4126 Ayers Rd Macon, GA	2.0	1.0	900	$750	$0.83	13d	1	1.44mi
4250 Ayers Rd Macon, GA	2.0	1.0	1008	$1,100	$1.09	13d	1	1.44mi
1782 Eveline Ave Macon, GA	3.0	1.0	900	$1,050	$1.17	43d	1	1.45mi
3324 Vineville Ave Unit 63B Macon, GA	2.0	1.0	1125	$1,050	$0.93	21d	1	1.46mi
3324 Vineville Ave Unit 57C Macon, GA	2.0	1.0	914	$1,050	$1.15	13d	1	1.46mi
4357 Azalea Dr Unit 4357 Macon, GA	2.0	1.0	750	$750	$1.00	43d	1	1.47mi

Listing history 11 events

1. 2026-04-21
   status Under Contract

   Show marketing remark (879 chars)

   Brick three bedroom home centrally located in Bibb County convenient to shopping, restaurants, and all of Macon-Bibb County. Supra lockbox on front door for agent showings at agents convenience. Do not use Showing Time! All offers to be submitted by real estate agents using the HomePath Online Offer System at HomePath.com or at homepath. fanniemae.com. Contract paperwork will be Fannie Mae contract, not GAR. Earnest money wired to and held by Seller's attorney after offer acceptance. Buyer may use Seller's attorney to close the transaction or may use a closing attorney of Buyer's choice, but EM will ALWAYS be held by Seller's attorney. If Seller's attorney closes the transaction then Owner's Title Insurance will be provided to Buyer free of charge. Buyer and agent required to do their own due diligence to verify all information. Listing information is not guaranteed.

2. 2026-04-21
   historical Active Under Contract 879-char remark

   Show marketing remark (879 chars)

   Brick three bedroom home centrally located in Bibb County convenient to shopping, restaurants, and all of Macon-Bibb County. Supra lockbox on front door for agent showings at agents convenience. Do not use Showing Time! All offers to be submitted by real estate agents using the HomePath Online Offer System at HomePath.com or at homepath. fanniemae.com. Contract paperwork will be Fannie Mae contract, not GAR. Earnest money wired to and held by Seller's attorney after offer acceptance. Buyer may use Seller's attorney to close the transaction or may use a closing attorney of Buyer's choice, but EM will ALWAYS be held by Seller's attorney. If Seller's attorney closes the transaction then Owner's Title Insurance will be provided to Buyer free of charge. Buyer and agent required to do their own due diligence to verify all information. Listing information is not guaranteed.

3. 2026-04-18
   status Price Change

   Show marketing remark (879 chars)

   Brick three bedroom home centrally located in Bibb County convenient to shopping, restaurants, and all of Macon-Bibb County. Supra lockbox on front door for agent showings at agents convenience. Do not use Showing Time! All offers to be submitted by real estate agents using the HomePath Online Offer System at HomePath.com or at homepath. fanniemae.com. Contract paperwork will be Fannie Mae contract, not GAR. Earnest money wired to and held by Seller's attorney after offer acceptance. Buyer may use Seller's attorney to close the transaction or may use a closing attorney of Buyer's choice, but EM will ALWAYS be held by Seller's attorney. If Seller's attorney closes the transaction then Owner's Title Insurance will be provided to Buyer free of charge. Buyer and agent required to do their own due diligence to verify all information. Listing information is not guaranteed.

4. 2026-04-18
   status Active 879-char remark

   Show marketing remark (879 chars)

   Brick three bedroom home centrally located in Bibb County convenient to shopping, restaurants, and all of Macon-Bibb County. Supra lockbox on front door for agent showings at agents convenience. Do not use Showing Time! All offers to be submitted by real estate agents using the HomePath Online Offer System at HomePath.com or at homepath. fanniemae.com. Contract paperwork will be Fannie Mae contract, not GAR. Earnest money wired to and held by Seller's attorney after offer acceptance. Buyer may use Seller's attorney to close the transaction or may use a closing attorney of Buyer's choice, but EM will ALWAYS be held by Seller's attorney. If Seller's attorney closes the transaction then Owner's Title Insurance will be provided to Buyer free of charge. Buyer and agent required to do their own due diligence to verify all information. Listing information is not guaranteed.

5. 2026-04-18
   price $60,000 879-char remark

   Show marketing remark (879 chars)

   Brick three bedroom home centrally located in Bibb County convenient to shopping, restaurants, and all of Macon-Bibb County. Supra lockbox on front door for agent showings at agents convenience. Do not use Showing Time! All offers to be submitted by real estate agents using the HomePath Online Offer System at HomePath.com or at homepath. fanniemae.com. Contract paperwork will be Fannie Mae contract, not GAR. Earnest money wired to and held by Seller's attorney after offer acceptance. Buyer may use Seller's attorney to close the transaction or may use a closing attorney of Buyer's choice, but EM will ALWAYS be held by Seller's attorney. If Seller's attorney closes the transaction then Owner's Title Insurance will be provided to Buyer free of charge. Buyer and agent required to do their own due diligence to verify all information. Listing information is not guaranteed.

6. 2026-04-18
   price $60,000

   Show marketing remark (879 chars)

   Brick three bedroom home centrally located in Bibb County convenient to shopping, restaurants, and all of Macon-Bibb County. Supra lockbox on front door for agent showings at agents convenience. Do not use Showing Time! All offers to be submitted by real estate agents using the HomePath Online Offer System at HomePath.com or at homepath. fanniemae.com. Contract paperwork will be Fannie Mae contract, not GAR. Earnest money wired to and held by Seller's attorney after offer acceptance. Buyer may use Seller's attorney to close the transaction or may use a closing attorney of Buyer's choice, but EM will ALWAYS be held by Seller's attorney. If Seller's attorney closes the transaction then Owner's Title Insurance will be provided to Buyer free of charge. Buyer and agent required to do their own due diligence to verify all information. Listing information is not guaranteed.

7. 2026-04-17
   historical 879-char remark

   Show marketing remark (879 chars)

   Brick three bedroom home centrally located in Bibb County convenient to shopping, restaurants, and all of Macon-Bibb County. Supra lockbox on front door for agent showings at agents convenience. Do not use Showing Time! All offers to be submitted by real estate agents using the HomePath Online Offer System at HomePath.com or at homepath. fanniemae.com. Contract paperwork will be Fannie Mae contract, not GAR. Earnest money wired to and held by Seller's attorney after offer acceptance. Buyer may use Seller's attorney to close the transaction or may use a closing attorney of Buyer's choice, but EM will ALWAYS be held by Seller's attorney. If Seller's attorney closes the transaction then Owner's Title Insurance will be provided to Buyer free of charge. Buyer and agent required to do their own due diligence to verify all information. Listing information is not guaranteed.

8. 2026-04-16
   historical
9. 2025-12-16
   listed $85,000 New

   Show marketing remark (879 chars)

   Brick three bedroom home centrally located in Bibb County convenient to shopping, restaurants, and all of Macon-Bibb County. Supra lockbox on front door for agent showings at agents convenience. Do not use Showing Time! All offers to be submitted by real estate agents using the HomePath Online Offer System at HomePath.com or at homepath. fanniemae.com. Contract paperwork will be Fannie Mae contract, not GAR. Earnest money wired to and held by Seller's attorney after offer acceptance. Buyer may use Seller's attorney to close the transaction or may use a closing attorney of Buyer's choice, but EM will ALWAYS be held by Seller's attorney. If Seller's attorney closes the transaction then Owner's Title Insurance will be provided to Buyer free of charge. Buyer and agent required to do their own due diligence to verify all information. Listing information is not guaranteed.

10. 2025-12-16
    listed $85,000 Active 879-char remark

    Show marketing remark (879 chars)

    Brick three bedroom home centrally located in Bibb County convenient to shopping, restaurants, and all of Macon-Bibb County. Supra lockbox on front door for agent showings at agents convenience. Do not use Showing Time! All offers to be submitted by real estate agents using the HomePath Online Offer System at HomePath.com or at homepath. fanniemae.com. Contract paperwork will be Fannie Mae contract, not GAR. Earnest money wired to and held by Seller's attorney after offer acceptance. Buyer may use Seller's attorney to close the transaction or may use a closing attorney of Buyer's choice, but EM will ALWAYS be held by Seller's attorney. If Seller's attorney closes the transaction then Owner's Title Insurance will be provided to Buyer free of charge. Buyer and agent required to do their own due diligence to verify all information. Listing information is not guaranteed.

11. 2025-08-15
    soldstatus $83,142

ⓘ 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: $202 · $17/mo
• Projected year-2 tax: $552 · $46/mo
• Expected delta: +$350/yr (+$29/mo · 173.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥108°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 66% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,711
• − Mortgage interest: −$3,361
• − Property taxes: −$202
• − Insurance: −$300
• − Repairs & maintenance: −$1,017
• − Management: −$1,017
• − Depreciation: −$1,745
• Taxable income: $5,069
• Est. tax owed @ 24.0%: −$1,217
• After-tax cash flow: $4,547/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: Bibb County
• NCES district ID: 1300420
• Math proficiency: 11% ▼ -14.00%
• Reading proficiency: 18% ▼ -11.00%
• Median HH income: $37,426
• Composite: 12.13/100
• National rank: #9654
• State rank: #161 of 174 in GA

Livability — Macon-Bibb County

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Macon-Bibb County, GA
• County: Bibb County · 164,332 people
• City population: 143,186
• Metro: Macon-Bibb County, GA
• Population (ZIP): 32,421
• Household income: $38,784
• Rent vs Own: 57.5% rent · 42.5% own
• Severe rent burden: 2674.0

Population outlook (Bibb County) Hauer SSP2

• Today (2025): 148,772 people
• By 2030: 145,904 · -1.9%
• By 2040: 139,404 · -6.3%
• By 2050: 131,603 · -11.5%
• By 2075: 111,050 · -25.4%
• By 2100: 83,346 · -44.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (65%)
• Race & ethnicity: Black 65% White 28% Hispanic / Latino 3% Two or more races 2% Asian 1%
• Common ancestry: Serbian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% French/Haitian/Cajun 1%

Political lean MEDSL · Bibb

• 2024 margin: Strong D (+22.4) · D 61.0% · R 38.5%
• 2008→2024 swing: +4.4pp toward D · 2008: 18.0pp · 2024: 22.4pp
• All cycles: 2024: D+22.4 2020: D+23.8 2016: D+20.2 2012: D+20.0 2008: D+18.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -135.44%
• Current HPI: 194.5459
• Rent YoY: ▲ 4.61%
• Metro: Macon-Bibb County, 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

-27.8% since first listed

11 events — show timeline

• 2026-04-21 Pending — GAMLS
• 2026-04-21 Contingent — MGMLS
• 2026-04-18 Relisted — GAMLS
• 2026-04-18 Relisted — MGMLS
• 2026-04-18 Price Changed $60,000 MGMLS
• 2026-04-18 Price Changed $60,000 GAMLS
• 2026-04-17 Delisted — MGMLS
• 2026-04-16 Listing Removed — GAMLS
• 2025-12-16 Listed $85,000 MGMLS
• 2025-12-16 Listed $85,000 GAMLS
• 2025-08-15 Sold (Public Records) $83,142 Public Records

Property tax history

+9.2%/yr

Latest (2025): $202 · +25.8% YoY. Source: county tax records.