1423 Highway 114 · Summerville, GA 30747

$74,900

2 bd · 1.0 ba · 480 sqft · Manufactured public records · 336 Days on market

Built 1971 1.08 ac lot $156/sqft · at area comps Est $78k · at est. ↓ 6% since listing

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.0/30.0
• ARV discount +9.0/15.0
• DSCR +7.4/10.0
• 1% rule +6.0/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great Opportunity to make this property your own! This property offers a beautiful lot of 1.08 acres, a detached carport, 2 out buildings with lean-tos offering you extra storage and workspace. There is also a 2 Bedroom, 1 bath mobile home on the property that would need to be renovated and would make a perfect tiny home. Would also be a great spot to build your brand new home or business as this property is zoned for residential or commercial use. Property is conveniently located close to Chattooga High School, and down town Summerville! Property is being sold as-is. Call today!

Key facts

• Detached carport
• Lean-tos
• Out buildings

Tags

• DETACHED CARPORT
• OUT BUILDINGS
• LEAN-TOS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $75k.

Deal economics

• At list price, monthly cash flow is $133 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($824 rent vs $75k).
• Recommended offer: $66k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 3.6% in Summerville — 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 60/100 on livability (#364 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+; Watch: schools F, amenities F, commute F.
• Chattooga County (rural): math 18% / reading 26% proficiency, ranked #140 of 174 in GA (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 110 active listings in the ZIP; 2 units permitted in Chattooga County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Chattooga County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 336 days — a 12% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major 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 $65,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 336 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 1971 — 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. 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. 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.
7. 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.
8. 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: 1.10% ✓
• Cap rate: 8.43%
• Cash-on-cash: 7.63%
• DSCR: 1.34
• GRM: 7.6

CMA / ARV

• ARV (median comp): $77,532
• List price: $74,900
• Delta: -3.40%
• Verdict: FAIR
• Comps: 2 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -4.6%
• Equity multiple: 0.83×
• Total profit: $-3,632
• Equity at exit: $11,168

10-year hold

• IRR: 5.1%
• Equity multiple: 1.37×
• Total profit: $7,823
• Equity at exit: $6,476

Cash invested: $20,972 (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 30747

• Home prices YoY: -11.0%
• Active inventory: 110
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $824 medium
• Mortgage (P&I): −$393
• Tax est. 1.5%: −$94 /mo · $1,124/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$173
• Net cashflow: $133

Break-even live

Break-even rent $655

Max offer price $74,900

Occupancy floor 79%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-19
   days on market $74,900 Active 336 DOM
2. 2026-06-18
   days on market $74,900 Active 335 DOM
3. 2026-06-17
   days on market $74,900 Active 334 DOM
4. 2026-06-16
   days on market $74,900 Active 333 DOM
5. 2026-06-15
   days on market $74,900 Active 332 DOM
6. 2026-06-14
   days on market $74,900 Active 330 DOM
7. 2026-06-13
   days on market $74,900 Active 329 DOM
8. 2026-06-10
   days on market $74,900 Active 327 DOM
9. 2026-06-09
   days on market $74,900 Active 326 DOM
10. 2026-06-08
    days on market $74,900 Active 325 DOM
11. 2026-06-07
    days on market $74,900 Active 324 DOM
12. 2026-06-05
    days on market $74,900 Active 321 DOM
13. 2026-06-03
    days on market $74,900 Active 320 DOM
14. 2026-06-02
    days on market $74,900 Active 319 DOM
15. 2026-06-01
    days on market $74,900 Active 318 DOM
16. 2026-05-31
    days on market $74,900 Active 317 DOM
17. 2026-05-30
    days on market $74,900 Active 316 DOM
18. 2025-09-24
    price $74,900 587-char remark

    Show marketing remark (587 chars)

    Great Opportunity to make this property your own! This property offers a beautiful lot of 1.08 acres, a detached carport, 2 out buildings with lean-tos offering you extra storage and workspace. There is also a 2 Bedroom, 1 bath mobile home on the property that would need to be renovated and would make a perfect tiny home. Would also be a great spot to build your brand new home or business as this property is zoned for residential or commercial use. Property is conveniently located close to Chattooga High School, and down town Summerville! Property is being sold as-is. Call today!

19. 2025-09-24
    price $74,900

    Show marketing remark (587 chars)

    Great Opportunity to make this property your own! This property offers a beautiful lot of 1.08 acres, a detached carport, 2 out buildings with lean-tos offering you extra storage and workspace. There is also a 2 Bedroom, 1 bath mobile home on the property that would need to be renovated and would make a perfect tiny home. Would also be a great spot to build your brand new home or business as this property is zoned for residential or commercial use. Property is conveniently located close to Chattooga High School, and down town Summerville! Property is being sold as-is. Call today!

20. 2025-07-18
    listed $79,900 New 587-char remark

    Show marketing remark (587 chars)

    Great Opportunity to make this property your own! This property offers a beautiful lot of 1.08 acres, a detached carport, 2 out buildings with lean-tos offering you extra storage and workspace. There is also a 2 Bedroom, 1 bath mobile home on the property that would need to be renovated and would make a perfect tiny home. Would also be a great spot to build your brand new home or business as this property is zoned for residential or commercial use. Property is conveniently located close to Chattooga High School, and down town Summerville! Property is being sold as-is. Call today!

ⓘ 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 6/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 15% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,888
• − Mortgage interest: −$4,196
• − Property taxes: −$1,124
• − Insurance: −$374
• − Repairs & maintenance: −$791
• − Management: −$791
• − Depreciation: −$2,179
• Taxable income: $433
• Est. tax owed @ 24.0%: −$104
• After-tax cash flow: $1,496/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: Chattooga County
• NCES district ID: 1301080
• Math proficiency: 18% ▼ -15.00%
• Reading proficiency: 26% ▼ -9.00%
• Median HH income: $33,123
• Composite: 17.93/100
• National rank: #8996
• State rank: #140 of 174 in GA

Livability — Summerville

• Score: 60/100
• State rank: #364
• US rank: #18649

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 14,720

Population outlook (Chattooga County) Hauer SSP2

• Today (2025): 23,451 people
• By 2030: 22,595 · -3.7%
• By 2040: 20,808 · -11.3%
• By 2050: 19,079 · -18.6%
• By 2075: 15,131 · -35.5%
• By 2100: 10,904 · -53.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 8% Two or more races 5% Hispanic / Latino 2%
• Common ancestry: Slovak 1% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Chattooga

• 2024 margin: Solid R (+64.2) · D 17.7% · R 81.9%
• 2008→2024 swing: -28.4pp toward R · 2008: -35.8pp · 2024: -64.2pp
• All cycles: 2024: R+64.2 2020: R+61.8 2016: R+58.8 2012: R+41.3 2008: R+35.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -30.83%
• Current HPI: 249.4655
• 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

-6.3% since first listed

3 events — show timeline

• 2025-09-24 Price Changed $74,900 GAMLS
• 2025-09-24 Price Changed $74,900 GCAR
• 2025-07-18 Listed $79,900 GAMLS

Property tax history

+1.7%/yr

Latest (2021): $95 · -4.8% YoY. Source: county tax records.