0 County Farm Rd · Zebulon, GA 30295

$50,000

2 bd · 1.0 ba · 713 sqft · SingleFamily · 21 Days on market

Built 1905 1.43 ac lot $70/sqft · 24% above area Est $40k · 24% over

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +4.1/10.0
• Schools +3.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Listing remarks MLS

Discover the perfect opportunity to own 1.43 acres on County Farm Road in desirable Zebulon, GA, located within the highly sought-after Pike County School System. This property offers the ideal blend of peaceful country living with convenient access to nearby shopping, including local grocery stores and everyday essentials. Nestled in a welcoming and growing community, this land provides endless potential whether you're looking to build your dream home or you're an investor exploring new opportunities. The property currently features a home built in 1908, offering the option to renovate and restore its historic charm or remove it to create a fresh start tailored to your vision. With its prime location, generous lot size, and flexible possibilities, this is a rare chance for homeowners, builders, and investors alike to secure a valuable piece of property. Don't miss the opportunity to make it your own!

Key facts

• Historic charm
• 1.43 acres
• 1.43 acre lot

Tags

• 1.43 ACRES
• PIKE COUNTY SCHOOL SYSTEM
• HISTORIC CHARM

Property features AI

Finance

• Other: Located at 0 County Farm Rd, Zebulon, GA 30295; Directions: From Highway 19 South, turn left onto Williamson/Zebulon Road. Turn left onto County Farm Road. The property will be on the left, adjacent to 205 County Farm Road.
• Financial info: Listing sold As-Is
• HOA & community: No HOA

Exterior

• Parking: No parking provided
• Security: No community or security features listed
• Utilities: Public water; Public sewer; Electricity available on property
• Home design: Single-family residential house; Built in 1905; One story
• Construction: Other construction materials
• Exterior features: Tin roof; Lot features described as other; 1.43-acre lot

Interior

• Kitchen: No kitchen appliances specified
• Bedrooms: 2 bedrooms on the main level
• Flooring: Other flooring
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Has heating (type: Other); Has cooling (type: Other)
• Interior features: One-level layout; 713 square feet living area (public records); Fixer condition; No appliances listed; No laundry hookups listed; No fireplaces
• Laundry & utility: No laundry features specified

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $50k.

Deal economics

• At list price, monthly cash flow is $700 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $49k (1.5% below list) — sets the bar for market timing.
• Cap rate 23.1% vs local median 2.6% in Zebulon — 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 57/100 on livability (#463 in GA) — a working-class tenant base; expect higher turnover. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D+, employment D, amenities F.
• Pike County (rural): math 32% / reading 36% proficiency, ranked #64 of 174 in GA (top 37%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 51 active listings in the ZIP; 91 units permitted in Pike County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-1.9%/yr); year-one equity from $346 of loan paydown is wiped out by about $928 of value loss. Plan a longer hold.
• Pike County population projected to shrink 4% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-1.9% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($49k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y 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

• Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 51% 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 $49,250 (1.5% below list)

Questions for the listing agent

1. Built in 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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.
5. 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.
6. 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: 2.65% ✓
• Cap rate: 23.08%
• Cash-on-cash: 59.97%
• DSCR: 3.67
• GRM: 3.1

CMA / ARV

• ARV (median comp): $40,178
• List price: $50,000
• Delta: 24.45%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-1.86% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 59.9%
• Equity multiple: 3.78×
• Total profit: $38,913
• Equity at exit: $10,048

10-year hold

• IRR: 63.6%
• Equity multiple: 7.68×
• Total profit: $93,532
• Equity at exit: $8,911

Cash invested: $14,000 (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 30295

• Home prices YoY: -0.7%
• Active inventory: 51
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,323 medium
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $750/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $700

Break-even live

Break-even rent $437

Max offer price $50,000

Occupancy floor 42%

Sensitivity live

Price	-10% $734	-5% $717	+0% $700	+5% $682	+10% $665
Rent	-10% $595	-5% $647	+0% $700	+5% $752	+10% $804
Rate	-1.0pp $725	-0.5pp $712	base $700	+0.5pp $687	+1.0pp $673

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: $12,500
• Closing costs: $1,500
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-15
   remarks 699-char remark
2. 2026-06-15
   pricestatusdays on marketlisting id $50,000 Under Contract 21 DOM
3. 2026-06-13
   days on market $79,900 Active 26 DOM
4. 2026-06-09
   days on market $79,900 Active 22 DOM
5. 2026-06-08
   days on market $79,900 Active 21 DOM
6. 2026-06-07
   days on market $79,900 Active 20 DOM
7. 2026-06-04
   days on market $79,900 Active 17 DOM
8. 2026-06-03
   days on market $79,900 Active 16 DOM
9. 2026-06-02
   days on market $79,900 Active 15 DOM
10. 2026-06-01
    days on market $79,900 Active 14 DOM
11. 2026-05-31
    days on market $79,900 Active 13 DOM
12. 2026-05-18
    listed $79,900 Active 378-char remark
13. 2026-04-30
    listed $50,000 New 914-char remark

    Show marketing remark (914 chars)

    Discover the perfect opportunity to own 1.43 acres on County Farm Road in desirable Zebulon, GA, located within the highly sought-after Pike County School System. This property offers the ideal blend of peaceful country living with convenient access to nearby shopping, including local grocery stores and everyday essentials. Nestled in a welcoming and growing community, this land provides endless potential whether you're looking to build your dream home or you're an investor exploring new opportunities. The property currently features a home built in 1908, offering the option to renovate and restore its historic charm or remove it to create a fresh start tailored to your vision. With its prime location, generous lot size, and flexible possibilities, this is a rare chance for homeowners, builders, and investors alike to secure a valuable piece of property. Don't miss the opportunity to make it your own!

14. 2026-04-25
    listed $50,000 New
15. 2024-06-18
    soldstatus $125,000 Sold

    Show marketing remark (353 chars)

    Great opportunity to own 18.5 acres. This beautiful land features several acres suitable for building and the other portion is pristine hunting and nature loving paradise. Elkins Creek runs through the backside of the property adding to the experience of the best of both worlds-seclusion and natural splendor. Minutes from modern amenities and Zebulon.

16. 2024-04-24
    status Under Contract

    Show marketing remark (353 chars)

    Great opportunity to own 18.5 acres. This beautiful land features several acres suitable for building and the other portion is pristine hunting and nature loving paradise. Elkins Creek runs through the backside of the property adding to the experience of the best of both worlds-seclusion and natural splendor. Minutes from modern amenities and Zebulon.

17. 2024-03-18
    listed $150,000 New

    Show marketing remark (353 chars)

    Great opportunity to own 18.5 acres. This beautiful land features several acres suitable for building and the other portion is pristine hunting and nature loving paradise. Elkins Creek runs through the backside of the property adding to the experience of the best of both worlds-seclusion and natural splendor. Minutes from modern amenities and Zebulon.

18. 2012-10-01
    historical
19. 2012-09-28
    soldstatus $329,000 Sold
20. 2012-05-24
    price $329,000
21. 2011-11-11
    price $449,000 Reduced
22. 2011-04-28
    listed $543,320 New

ⓘ 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 51% 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: $15,876
• − Mortgage interest: −$2,801
• − Property taxes: −$750
• − Insurance: −$250
• − Repairs & maintenance: −$1,270
• − Management: −$1,270
• − Depreciation: −$1,455
• Taxable income: $8,080
• Est. tax owed @ 24.0%: −$1,939
• After-tax cash flow: $6,456/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: Pike County
• NCES district ID: 1304170
• Math proficiency: 32% ▼ -9.00%
• Reading proficiency: 36% ▼ -5.00%
• Median HH income: $53,484
• Composite: 29.84/100
• National rank: #6414
• State rank: #64 of 174 in GA

Livability — Zebulon

• Score: 57/100
• State rank: #463
• US rank: #21949

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Zebulon, GA
• Population (ZIP): 5,424

Population outlook (Pike County) Hauer SSP2

• Today (2025): 18,433 people
• By 2030: 18,537 · +0.6%
• By 2040: 18,371 · -0.3%
• By 2050: 17,676 · -4.1%
• By 2075: 15,564 · -15.6%
• By 2100: 12,317 · -33.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Black 13% Hispanic / Latino 2% Two or more races 2%
• Common ancestry: Lithuanian 2% Slovak 1% Portuguese 1%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% Other Indo-European 1%

Political lean MEDSL · Pike

• 2024 margin: Solid R (+73.4) · D 13.1% · R 86.6%
• 2008→2024 swing: -12.8pp toward R · 2008: -60.6pp · 2024: -73.4pp
• All cycles: 2024: R+73.4 2020: R+71.1 2016: R+69.6 2012: R+65.5 2008: R+60.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1.86%
• Current HPI: 255.5473
• 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

-90.8% since first listed

12 events — show timeline

• 2026-05-26 Pending — GAMLS
• 2026-05-26 Pending — GAMLS
• 2026-04-30 Listed $50,000 GAMLS
• 2026-04-25 Listed $50,000 GAMLS
• 2024-06-18 Sold (MLS) $125,000 GAMLS
• 2024-04-24 Pending — GAMLS
• 2024-03-18 Listed $150,000 GAMLS
• 2012-10-01 Listing Removed — GAMLS
• 2012-09-28 Sold (MLS) $329,000 GAMLS
• 2012-05-24 Price Changed $329,000 GAMLS
• 2011-11-11 Price Changed $449,000 GAMLS
• 2011-04-28 Listed $543,320 GAMLS