1080 Belmont Rd · Athens-Clarke County unified government (balance), GA 30605

$199,000

2 bd · 1.0 ba · 1,164 sqft · SingleFamily public records · 87 Days on market

Built 1950 0.52 ac lot $171/sqft · 30% below area Est $286k · 30% 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 +12.4/30.0
• DSCR +3.7/10.0
• Rent growth +3.7/5.0
• 1% rule +2.6/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tucked beneath a canopy of mature trees on a peaceful half-acre, this 1950s farmhouse offers a rare sense of calm just minutes from Athens. Nestled among larger homes and established estates, with fresh exterior paint, there is no end to the possibilities that 1080 Belmont affords. From the moment you arrive, the setting invites you to slow down—open space and a home full of character, brimming with potential. Inside, original hardwood floors, spacious rooms, and preserved details blend with meaningful updates made over time, such as a new water heater and new HVAC coils. At the heart of the home, an open kitchen—complete with a window over the sink and a shared fireplace with the living room—offers both charm and opportunity. Each of the two bedrooms is generously sized, and a shared flex space provides the option for a walk-in closet, office, or additional storage. Ideally positioned near the convergence of Clarke, Oconee, and Oglethorpe Counties, this property offers a unique balance of accessibility and retreat—close to everything, yet comfortably removed. A place to settle in, make your own, and grow into over time—or a perfect addition to your rental portfolio—this home is priced to make your country-living dreams attainable. Previous rent rolls available upon request.

Key facts

• 0.52 acre lot
• Built 1950
• Listed 87 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $-34 ($-410/yr) — negative.
• To cash-flow at today's rent, offer at most $193k (3.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $151k (23.9% below list).
• Recommended offer: $151k (23.9% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.4% in Athens-Clarke County unified government (balance) — 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 D — affects rentability + tenant quality, not the cash-flow math above.
• Clarke County (urban): math 17% / reading 21% proficiency, ranked #146 of 174 in GA (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 74% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Whit Davis Road Elementary School (math 12% / reading 17%, grade F, #996 of 1,228 statewide, top 83%, 439 students, 83% FRL); Hilsman Middle School (math 12% / reading 22%, grade F, #381 of 470 statewide, top 82%, 628 students, 83% FRL); Cedar Shoals High School (1,443 students, 83% FRL).
• Market conditions: Rents rising fast (+4.8%/yr); 303 active listings in the ZIP; 1,172 units permitted in Clarke County in 2024 (876 in 5+ unit buildings).
• This rent runs 36% of the median local income ($50k/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 $6k of value loss. Plan a longer hold.
• Clarke County population projected at +31% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 87 days — a 6% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $26k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $199k implies a 563% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% 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 $151,413 (23.9% 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 87 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
3. Built in 1950 — 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. 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: 0.76% ✗
• Cap rate: 6.09%
• Cash-on-cash: -0.74%
• DSCR: 0.97
• GRM: 11.0

CMA / ARV

• ARV (median comp): $285,900
• List price: $199,000
• Delta: -30.40%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.83% rent growth · sell at horizon

5-year hold

• IRR: -15.7%
• Equity multiple: 0.43×
• Total profit: $-31,652
• Equity at exit: $29,672

10-year hold

• IRR: -4.7%
• Equity multiple: 0.67×
• Total profit: $-18,543
• Equity at exit: $17,206

Cash invested: $55,720 (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 30605

• Rents YoY: 4.8%
• Active inventory: 303
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $1,514 medium
• Mortgage (P&I): −$1,044
• Tax from tax record: −$104 /mo · $1,246/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$318
• Net cashflow: $-34

Break-even live

Break-even rent $1,557

Max offer price $192,959

Occupancy floor 97%

Sensitivity live

Price	-10% $78	-5% $22	+0% $-34	+5% $-91	+10% $-147
Rent	-10% $-154	-5% $-94	+0% $-34	+5% $26	+10% $85
Rate	-1.0pp $66	-0.5pp $16	base $-34	+0.5pp $-86	+1.0pp $-138

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $199,000 Active 87 DOM
2. 2026-06-19
   days on market $199,000 Active 85 DOM
3. 2026-06-18
   days on market $199,000 Active 84 DOM
4. 2026-06-17
   days on market $199,000 Active 83 DOM
5. 2026-06-16
   days on market $199,000 Active 82 DOM
6. 2026-06-15
   days on market $199,000 Active 81 DOM
7. 2026-06-14
   days on market $199,000 Active 79 DOM
8. 2026-06-13
   days on market $199,000 Active 78 DOM
9. 2026-06-10
   days on market $199,000 Active 76 DOM
10. 2026-06-09
    pricestatusdays on market $199,000 Active 75 DOM
11. 2026-06-08
    statusdays on market $225,000 Active Under Contract 74 DOM
12. 2026-06-07
    days on market $225,000 Active 73 DOM
13. 2026-06-02
    days on market $225,000 Active 68 DOM
14. 2026-06-01
    days on market $225,000 Active 67 DOM
15. 2026-05-31
    days on market $225,000 Active 66 DOM
16. 2026-05-30
    days on market $225,000 Active 65 DOM
17. 2026-04-12
    status Active 1331-char remark

    Show marketing remark (1331 chars)

    Tucked beneath a canopy of mature trees on a peaceful half-acre, this 1950s farmhouse offers a rare sense of calm just minutes from Athens. Nestled among larger homes and established estates, with fresh exterior paint, there is no end to the possibilities that 1080 Belmont affords. From the moment you arrive, the setting invites you to slow down—open space and a home full of character, brimming with potential. Inside, original hardwood floors, spacious rooms, and preserved details blend with meaningful updates made over time, such as a new water heater and new HVAC coils. At the heart of the home, an open kitchen—complete with a window over the sink and a shared fireplace with the living room—offers both charm and opportunity. Each of the two bedrooms is generously sized, and a shared flex space provides the option for a walk-in closet, office, or additional storage. Ideally positioned near the convergence of Clarke, Oconee, and Oglethorpe Counties, this property offers a unique balance of accessibility and retreat—close to everything, yet comfortably removed. A place to settle in, make your own, and grow into over time—or a perfect addition to your rental portfolio—this home is priced to make your country-living dreams attainable. Previous rent rolls available upon request.

18. 2026-04-01
    historical Active Under Contract 1331-char remark

    Show marketing remark (1331 chars)

    Tucked beneath a canopy of mature trees on a peaceful half-acre, this 1950s farmhouse offers a rare sense of calm just minutes from Athens. Nestled among larger homes and established estates, with fresh exterior paint, there is no end to the possibilities that 1080 Belmont affords. From the moment you arrive, the setting invites you to slow down—open space and a home full of character, brimming with potential. Inside, original hardwood floors, spacious rooms, and preserved details blend with meaningful updates made over time, such as a new water heater and new HVAC coils. At the heart of the home, an open kitchen—complete with a window over the sink and a shared fireplace with the living room—offers both charm and opportunity. Each of the two bedrooms is generously sized, and a shared flex space provides the option for a walk-in closet, office, or additional storage. Ideally positioned near the convergence of Clarke, Oconee, and Oglethorpe Counties, this property offers a unique balance of accessibility and retreat—close to everything, yet comfortably removed. A place to settle in, make your own, and grow into over time—or a perfect addition to your rental portfolio—this home is priced to make your country-living dreams attainable. Previous rent rolls available upon request.

19. 2026-03-26
    listed $225,000 Active 1331-char remark

    Show marketing remark (1308 chars)

    Tucked beneath a canopy of mature trees on a peaceful half-acre, this 1950s farmhouse offers a rare sense of calm just minutes from Athens. Nestled among larger homes and established estates, with fresh exterior paint, there is no end to the possibilities that 1080 Belmont affords. From the moment you arrive, the setting invites you to slow down-open space and a home full of character, brimming with potential. Inside, original hardwood floors, spacious rooms, and preserved details blend with meaningful updates made over time, such as a new water heater and new HVAC coils. At the heart of the home, an open kitchen-complete with a window over the sink and a shared fireplace with the living room-offers both charm and opportunity. Each of the two bedrooms is generously sized, and a shared flex space provides the option for a walk-in closet, office, or additional storage. Ideally positioned near the convergence of Clarke, Oconee, and Oglethorpe Counties, this property offers a unique balance of accessibility and retreat-close to everything, yet comfortably removed. A place to settle in, make your own, and grow into over time-or a perfect addition to your rental portfolio-this home is priced to make your country-living dreams attainable. Previous rent rolls available upon request.

20. 2026-03-26
    listed $225,000 New 1308-char remark

    Show marketing remark (1308 chars)

    Tucked beneath a canopy of mature trees on a peaceful half-acre, this 1950s farmhouse offers a rare sense of calm just minutes from Athens. Nestled among larger homes and established estates, with fresh exterior paint, there is no end to the possibilities that 1080 Belmont affords. From the moment you arrive, the setting invites you to slow down-open space and a home full of character, brimming with potential. Inside, original hardwood floors, spacious rooms, and preserved details blend with meaningful updates made over time, such as a new water heater and new HVAC coils. At the heart of the home, an open kitchen-complete with a window over the sink and a shared fireplace with the living room-offers both charm and opportunity. Each of the two bedrooms is generously sized, and a shared flex space provides the option for a walk-in closet, office, or additional storage. Ideally positioned near the convergence of Clarke, Oconee, and Oglethorpe Counties, this property offers a unique balance of accessibility and retreat-close to everything, yet comfortably removed. A place to settle in, make your own, and grow into over time-or a perfect addition to your rental portfolio-this home is priced to make your country-living dreams attainable. Previous rent rolls available upon request.

21. 1991-02-12
    soldstatus $30,000

ⓘ 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: $1,246 · $104/mo
• Projected year-2 tax: $1,831 · $153/mo
• Expected delta: +$584/yr (+$49/mo · 46.9%)

ⓘ 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 6/10 Major 7 d/yr ≥106°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,170
• − Mortgage interest: −$11,147
• − Property taxes: −$1,246
• − Insurance: −$995
• − Repairs & maintenance: −$1,454
• − Management: −$1,454
• − Depreciation: −$5,789
• Taxable loss: −$3,915
• Est. tax savings @ 24.0%: +$940
• After-tax cash flow: $529/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: Clarke County
• NCES district ID: 1301170
• Math proficiency: 17% ▼ -15.00%
• Reading proficiency: 21% ▼ -12.00%
• Median HH income: $33,649
• Composite: 15.51/100
• National rank: #9302
• State rank: #146 of 174 in GA

Livability — Athens-Clarke County unified government (balance)

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

Census & demographics

• Census place: Athens-Clarke County unified government (balance), GA
• County: Clarke County · 126,008 people
• City population: 119,110
• Metro: Athens-Clarke County, GA
• Population (ZIP): 41,544
• Household income: $50,062
• Rent vs Own: 63.8% rent · 36.2% own
• Severe rent burden: 3628.0

Population outlook (Clarke County) Hauer SSP2

• Today (2025): 141,365 people
• By 2030: 151,724 · +7.3%
• By 2040: 168,541 · +19.2%
• By 2050: 184,855 · +30.8%
• By 2075: 221,736 · +56.9%
• By 2100: 253,853 · +79.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 59% Black 24% Hispanic / Latino 9% Two or more races 6% Asian 5%
• Hispanic origin (detail): Mexican 2% Cuban 1%
• Common ancestry: Italian 3% Slovak 3% Romanian 3%
• Foreign-born: 11% · Canada, China, South Korea
• Languages at home: 85% English-only · Spanish 7% Other Asian/Pacific 2% Chinese 1%

Political lean MEDSL · Clarke

• 2024 margin: Solid D (+38.3) · D 68.6% · R 30.4% · Other 1.0%
• 2008→2024 swing: +7.0pp toward D · 2008: 31.3pp · 2024: 38.3pp
• All cycles: 2024: D+38.3 2020: D+42.1 2016: D+38.0 2012: D+28.9 2008: D+31.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -294.87%
• Current HPI: 252.2581
• Rent YoY: ▲ 4.83%
• Metro: Athens-Clarke 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

+650.0% since first listed

5 events — show timeline

• 2026-04-12 Relisted — Hive MLS
• 2026-04-01 Contingent — Hive MLS
• 2026-03-26 Listed $225,000 GAMLS
• 2026-03-26 Listed $225,000 Hive MLS
• 1991-02-12 Sold (Public Records) $30,000 Public Records

Property tax history

+5.2%/yr

Latest (2025): $1,246 · +3.8% YoY. Source: county tax records.