5778 Northfield Dr · Lake City, GA 30294

$209,000

3 bd · 2.0 ba · 1,601 sqft · SingleFamily public records · 121 Days on market

Built 1974 0.26 ac lot $131/sqft · 13% below area Est $241k · 13% under

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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 +17.6/30.0
• ARV discount +13.5/15.0
• DSCR +5.5/10.0
• 1% rule +4.5/10.0
• Rent growth +3.6/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this beautifully maintained and incredibly affordable residence located in the heart of Ellenwood! This charming property offers the perfect combination of comfort, value, and convenience - making it an ideal choice for first-time buyers, growing families, or savvy investors. This home has been well cared for and thoughtfully maintained, allowing buyers to move in with confidence and peace of mind. From the clean interior to the solid structure, this property reflects pride of ownership throughout. You'll appreciate the spacious layout, natural light, and inviting atmosphere that makes this house feel like home the moment you step inside. One of the biggest highlights of this property is its exceptional affordability. In today's market, finding a home that offers this level of quality at such an attractive price point is rare. Whether you're looking to own instead of rent or expand your real estate portfolio, this home delivers outstanding value. Conveniently located near major highways, shopping, schools, and dining, this Ellenwood gem provides easy access to everything Metro Atlanta has to offer - all while maintaining a quiet, neighborhood feel. Don't miss this opportunity to own a well-maintained, affordable home in a desirable and growing area. Schedule your private showing today!

Key facts

• 0.26 acre lot
• Parking
• Built 1974

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $209k.

Deal economics

• At list price, monthly cash flow is $165 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $198k (5.1% below list).
• Recommended offer: $184k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.2% vs local median 4.3% in Lake City — 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 70/100 on livability (#98 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D-, crime F, amenities F.
• Clayton County (suburban): math 11% / reading 20% proficiency, ranked #155 of 174 in GA (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 78% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.6%/yr); 244 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 865 units permitted in Clayton County in 2024 (448 in 5+ unit buildings).

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.
• Clayton County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 121 days — a 12% lower offer ($184k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago; this cycle's ask has dropped $166k (44%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $209k implies a 248% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 26% 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 $183,920 (12.0% below list)

Questions for the listing agent

1. It's been on market 121 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 1974 — 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 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?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.95% ✗
• Cap rate: 7.24%
• Cash-on-cash: 3.39%
• DSCR: 1.15
• GRM: 8.8

CMA / ARV

• ARV (median comp): $241,450
• List price: $209,000
• Delta: -13.44%
• 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
5761 Northfield Dr	0.05mi	3/2.0	1,527 (-5%)	9mo	$230,000	$151	82
5774 Springfield Pl	0.14mi	4/3.5 (+1)	1,561 (-2%)	1mo	$237,000	$152	78
2436 Rex Rd	0.11mi	3/2.0	1,440 (-10%)	8mo	$240,000	$167	72
5712 Wesson Dr	0.22mi	3/2.0	1,408 (-12%)	7mo	$244,900	$174	64
2510 Brenston Dr	0.37mi	3/2.5	1,776 (+11%)	3mo	$264,000	$149	60
6070 Danbury Ct	0.59mi	3/2.5	1,767 (+10%)	0mo	$260,000	$147	53
517 Brenston Ct	0.47mi	3/2.5	1,812 (+13%)	2mo	$225,000	$124	53
6012 Danbury Ct	0.48mi	4/3.0 (+1)	1,733 (+8%)	4mo	$260,000	$150	51
2689 Lolli Ct	0.53mi	3/4.5	1,516 (-5%)	9mo	$270,000	$178	49
2436 Wood Valley Dr	0.64mi	4/3.5 (+1)	1,549 (-3%)	6mo	$275,000	$178	49
6155 Landover Cir	0.72mi	3/2.0	1,434 (-10%)	4mo	$150,000	$105	46
2811 Appaloosa Run	0.72mi	3/2.5	1,728 (+8%)	7mo	$282,500	$163	45

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 · 4.56% rent growth · sell at horizon

5-year hold

• IRR: -9.3%
• Equity multiple: 0.66×
• Total profit: $-20,180
• Equity at exit: $31,163

10-year hold

• IRR: 2.1%
• Equity multiple: 1.16×
• Total profit: $9,389
• Equity at exit: $18,071

Cash invested: $58,520 (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 30294

• Home prices YoY: -25.0%
• Rents YoY: 4.6%
• Active inventory: 244
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,984 high
• Mortgage (P&I): −$1,096
• Tax from tax record: −$219 /mo · $2,632/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $165

Break-even live

Break-even rent $1,775

Max offer price $209,000

Occupancy floor 87%

Sensitivity live

Price	-10% $283	-5% $224	+0% $165	+5% $106	+10% $47
Rent	-10% $8	-5% $87	+0% $165	+5% $244	+10% $322
Rate	-1.0pp $270	-0.5pp $218	base $165	+0.5pp $111	+1.0pp $56

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: $52,250
• Closing costs: $6,270
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5720 Buck Ct Ellenwood, GA	3.0	2.0	1232	$1,850	$1.50	24d	1	0.23mi
5704 Wesson Dr Ellenwood, GA	3.0	2.0	1480	$1,710	$1.16	44d	1	0.23mi
5789 Colt Ct Ellenwood, GA	4.0	3.0	1877	$2,020	$1.08	44d	1	0.24mi
5731 Buck Ct Ellenwood, GA	3.0	2.0	1242	$1,525	$1.23	13d	1	0.25mi
5868 Dan Dr Ellenwood, GA	3.0	2.0	1854	$2,300	$1.24	44d	1	0.27mi
2445 Rex Rd Ellenwood, GA	1.0–3.0	1.0–2.0	1149	$1,569	$1.37	2d	12	0.28mi
5958 Sherwood Pl Unit 5958 Ellenwood, GA	2.0	2.5	1468	$995	$0.68	44d	1	0.31mi
5958 Sherwood Pl Ellenwood, GA	2.0	2.5	1468	$995	$0.68	24d	1	0.31mi
2401 Bethune Cir Morrow, GA	3.0	2.5	1696	$2,095	$1.24	5d	1	0.34mi
2260 Hammond Ct Ellenwood, GA	3.0	2.0	1248	$1,850	$1.48	44d	1	0.37mi
2603 Old Rex Morrow Rd Ellenwood, GA	4.0	3.0	1800	$2,510	$1.39	45d	1	0.37mi
5762 Northspring Dr Ellenwood, GA	3.0	2.0	1577	$1,705	$1.08	13d	1	0.39mi
2617 Old Rex Morrow Rd Ellenwood, GA	4.0	3.0	1800	$1,950	$1.08	13d	1	0.40mi
6010 Fairfield Dr Morrow, GA	3.0	1.5	1246	$1,841	$1.48	3d	1	0.46mi
2710 Luke Dr Ellenwood, GA	4.0	3.0	2213	$2,435	$1.10	44d	1	0.51mi
6068 Monica Dr Morrow, GA	3.0	2.0	1210	$1,700	$1.40	22d	1	0.55mi
2941 Partin Pl Ellenwood, GA	4.0	2.5	1874	$2,155	$1.15	15d	1	0.91mi
2986 Bunchberry Ct Ellenwood, GA	4.0	2.5	2120	$2,331	$1.10	24d	1	0.99mi
2271 Wentworth Park Dr Ellenwood, GA	4.0	2.5	1705	$2,119	$1.24	17d	1	1.02mi
1885 Harper Dr Morrow, GA	1.0–2.0	1.0	1025	$1,415	$1.38	3d	6	1.08mi
2588 Monica Way Morrow, GA	3.0	2.0	1706	$1,650	$0.97	3d	1	1.09mi
6234 Culver Dr Morrow, GA	4.0	3.0	1748	$2,350	$1.34	5d	1	1.13mi
2314 Shady Dr Morrow, GA	4.0	2.5	1705	$2,179	$1.28	12d	1	1.13mi
6137 Harvard Ct Morrow, GA	3.0	2.0	1320	$1,556	$1.18	22d	1	1.17mi
2958 Stone Creek Dr Rex, GA	3.0	2.0	1506	$1,800	$1.20	13d	1	1.20mi
6424 Monica Dr Morrow, GA	3.0	2.0	1125	$1,400	$1.24	44d	1	1.23mi
6437 Maddox Rd Morrow, GA	3.0	2.0	1694	$1,818	$1.07	24d	1	1.24mi
2607 Sparta Dr Morrow, GA	4.0	2.5	2022	$2,100	$1.04	24d	1	1.38mi
5969 Twilight Trl Morrow, GA	4.0	2.0	1887	$2,015	$1.07	4d	1	1.40mi
2128 Baden Ct #1 Morrow, GA	3.0	1.5	1600	$1,495	$0.93	13d	1	1.43mi
6572 Sleepy Hollow Ln Morrow, GA	2.0	1.5	1152	$1,400	$1.22	24d	1	1.46mi
6593 Sleepy Hollow Ln Morrow, GA	2.0	2.0	1152	$1,550	$1.35	44d	1	1.46mi
6560 Maddox Rd Morrow, GA	3.0	2.0	1350	$1,781	$1.32	13d	1	1.47mi
1932 Carla Dr Morrow, GA	3.0	2.0	1324	$1,730	$1.31	2d	1	1.47mi
6511 Mill Ct Morrow, GA	3.0	2.0	1454	$1,881	$1.29	44d	1	1.48mi
6595 Mount Zion Blvd Morrow, GA	1.0–3.0	1.0–2.0	1175	$1,749	$1.49	5d	12	1.49mi

Listing history 33 events

1. 2026-06-18
   days on market $209,000 Active 121 DOM
2. 2026-06-17
   days on market $209,000 Active 120 DOM
3. 2026-06-16
   days on market $209,000 Active 119 DOM
4. 2026-06-15
   days on market $209,000 Active 118 DOM
5. 2026-06-13
   days on market $209,000 Active 116 DOM
6. 2026-06-09
   days on market $209,000 Active 112 DOM
7. 2026-06-08
   days on market $209,000 Active 111 DOM
8. 2026-06-07
   days on market $209,000 Active 110 DOM
9. 2026-06-04
   days on market $209,000 Active 107 DOM
10. 2026-06-03
    days on market $209,000 Active 106 DOM
11. 2026-06-02
    days on market $209,000 Active 105 DOM
12. 2026-06-01
    days on market $209,000 Active 104 DOM
13. 2026-05-31
    days on market $209,000 Active 103 DOM
14. 2026-05-19
    price $209,000 1326-char remark

    Show marketing remark (1435 chars)

    $10,000.00 Down Payment Assistant may be available now on this home. Welcome home to this beautifully maintained and incredibly affordable residence located in the heart of Ellenwood! This charming property offers the perfect combination of comfort, value, and convenience — making it an ideal choice for first-time buyers, growing families, or savvy investors. This home has been well cared for and thoughtfully maintained, allowing buyers to move in with confidence and peace of mind. From the clean interior to the solid structure, this property reflects pride of ownership throughout. You’ll appreciate the spacious layout, natural light, and inviting atmosphere that makes this house feel like home the moment you step inside. One of the biggest highlights of this property is its exceptional affordability. In today’s market, finding a home that offers this level of quality at such an attractive price point is rare. Whether you’re looking to own instead of rent or expand your real estate portfolio, this home delivers outstanding value. Conveniently located near major highways, shopping, schools, and dining, this Ellenwood gem provides easy access to everything Metro Atlanta has to offer — all while maintaining a quiet, neighborhood feel. Don’t miss this opportunity to own a well-maintained, affordable home in a desirable and growing area. Schedule your private showing today!

15. 2026-05-19
    price $209,000 1435-char remark

    Show marketing remark (1435 chars)

    $10,000.00 Down Payment Assistant may be available now on this home. Welcome home to this beautifully maintained and incredibly affordable residence located in the heart of Ellenwood! This charming property offers the perfect combination of comfort, value, and convenience — making it an ideal choice for first-time buyers, growing families, or savvy investors. This home has been well cared for and thoughtfully maintained, allowing buyers to move in with confidence and peace of mind. From the clean interior to the solid structure, this property reflects pride of ownership throughout. You’ll appreciate the spacious layout, natural light, and inviting atmosphere that makes this house feel like home the moment you step inside. One of the biggest highlights of this property is its exceptional affordability. In today’s market, finding a home that offers this level of quality at such an attractive price point is rare. Whether you’re looking to own instead of rent or expand your real estate portfolio, this home delivers outstanding value. Conveniently located near major highways, shopping, schools, and dining, this Ellenwood gem provides easy access to everything Metro Atlanta has to offer — all while maintaining a quiet, neighborhood feel. Don’t miss this opportunity to own a well-maintained, affordable home in a desirable and growing area. Schedule your private showing today!

16. 2026-04-06
    price $239,000 1326-char remark

    Show marketing remark (1435 chars)

    $10,000.00 Down Payment Assistant may be available now on this home. Welcome home to this beautifully maintained and incredibly affordable residence located in the heart of Ellenwood! This charming property offers the perfect combination of comfort, value, and convenience — making it an ideal choice for first-time buyers, growing families, or savvy investors. This home has been well cared for and thoughtfully maintained, allowing buyers to move in with confidence and peace of mind. From the clean interior to the solid structure, this property reflects pride of ownership throughout. You’ll appreciate the spacious layout, natural light, and inviting atmosphere that makes this house feel like home the moment you step inside. One of the biggest highlights of this property is its exceptional affordability. In today’s market, finding a home that offers this level of quality at such an attractive price point is rare. Whether you’re looking to own instead of rent or expand your real estate portfolio, this home delivers outstanding value. Conveniently located near major highways, shopping, schools, and dining, this Ellenwood gem provides easy access to everything Metro Atlanta has to offer — all while maintaining a quiet, neighborhood feel. Don’t miss this opportunity to own a well-maintained, affordable home in a desirable and growing area. Schedule your private showing today!

17. 2026-04-06
    price $239,000 1435-char remark

    Show marketing remark (1435 chars)

    $10,000.00 Down Payment Assistant may be available now on this home. Welcome home to this beautifully maintained and incredibly affordable residence located in the heart of Ellenwood! This charming property offers the perfect combination of comfort, value, and convenience — making it an ideal choice for first-time buyers, growing families, or savvy investors. This home has been well cared for and thoughtfully maintained, allowing buyers to move in with confidence and peace of mind. From the clean interior to the solid structure, this property reflects pride of ownership throughout. You’ll appreciate the spacious layout, natural light, and inviting atmosphere that makes this house feel like home the moment you step inside. One of the biggest highlights of this property is its exceptional affordability. In today’s market, finding a home that offers this level of quality at such an attractive price point is rare. Whether you’re looking to own instead of rent or expand your real estate portfolio, this home delivers outstanding value. Conveniently located near major highways, shopping, schools, and dining, this Ellenwood gem provides easy access to everything Metro Atlanta has to offer — all while maintaining a quiet, neighborhood feel. Don’t miss this opportunity to own a well-maintained, affordable home in a desirable and growing area. Schedule your private showing today!

18. 2026-03-24
    price $268,000 1326-char remark

    Show marketing remark (1326 chars)

    Welcome home to this beautifully maintained and incredibly affordable residence located in the heart of Ellenwood! This charming property offers the perfect combination of comfort, value, and convenience - making it an ideal choice for first-time buyers, growing families, or savvy investors. This home has been well cared for and thoughtfully maintained, allowing buyers to move in with confidence and peace of mind. From the clean interior to the solid structure, this property reflects pride of ownership throughout. You'll appreciate the spacious layout, natural light, and inviting atmosphere that makes this house feel like home the moment you step inside. One of the biggest highlights of this property is its exceptional affordability. In today's market, finding a home that offers this level of quality at such an attractive price point is rare. Whether you're looking to own instead of rent or expand your real estate portfolio, this home delivers outstanding value. Conveniently located near major highways, shopping, schools, and dining, this Ellenwood gem provides easy access to everything Metro Atlanta has to offer - all while maintaining a quiet, neighborhood feel. Don't miss this opportunity to own a well-maintained, affordable home in a desirable and growing area. Schedule your private showing today!

19. 2026-03-09
    price $268,000 1435-char remark

    Show marketing remark (1435 chars)

    $10,000.00 Down Payment Assistant may be available now on this home. Welcome home to this beautifully maintained and incredibly affordable residence located in the heart of Ellenwood! This charming property offers the perfect combination of comfort, value, and convenience — making it an ideal choice for first-time buyers, growing families, or savvy investors. This home has been well cared for and thoughtfully maintained, allowing buyers to move in with confidence and peace of mind. From the clean interior to the solid structure, this property reflects pride of ownership throughout. You’ll appreciate the spacious layout, natural light, and inviting atmosphere that makes this house feel like home the moment you step inside. One of the biggest highlights of this property is its exceptional affordability. In today’s market, finding a home that offers this level of quality at such an attractive price point is rare. Whether you’re looking to own instead of rent or expand your real estate portfolio, this home delivers outstanding value. Conveniently located near major highways, shopping, schools, and dining, this Ellenwood gem provides easy access to everything Metro Atlanta has to offer — all while maintaining a quiet, neighborhood feel. Don’t miss this opportunity to own a well-maintained, affordable home in a desirable and growing area. Schedule your private showing today!

20. 2026-02-17
    price $275,000 1435-char remark

    Show marketing remark (1435 chars)

    $10,000.00 Down Payment Assistant may be available now on this home. Welcome home to this beautifully maintained and incredibly affordable residence located in the heart of Ellenwood! This charming property offers the perfect combination of comfort, value, and convenience — making it an ideal choice for first-time buyers, growing families, or savvy investors. This home has been well cared for and thoughtfully maintained, allowing buyers to move in with confidence and peace of mind. From the clean interior to the solid structure, this property reflects pride of ownership throughout. You’ll appreciate the spacious layout, natural light, and inviting atmosphere that makes this house feel like home the moment you step inside. One of the biggest highlights of this property is its exceptional affordability. In today’s market, finding a home that offers this level of quality at such an attractive price point is rare. Whether you’re looking to own instead of rent or expand your real estate portfolio, this home delivers outstanding value. Conveniently located near major highways, shopping, schools, and dining, this Ellenwood gem provides easy access to everything Metro Atlanta has to offer — all while maintaining a quiet, neighborhood feel. Don’t miss this opportunity to own a well-maintained, affordable home in a desirable and growing area. Schedule your private showing today!

21. 2026-02-17
    listed $375,000 Active 1435-char remark

    Show marketing remark (1435 chars)

    $10,000.00 Down Payment Assistant may be available now on this home. Welcome home to this beautifully maintained and incredibly affordable residence located in the heart of Ellenwood! This charming property offers the perfect combination of comfort, value, and convenience — making it an ideal choice for first-time buyers, growing families, or savvy investors. This home has been well cared for and thoughtfully maintained, allowing buyers to move in with confidence and peace of mind. From the clean interior to the solid structure, this property reflects pride of ownership throughout. You’ll appreciate the spacious layout, natural light, and inviting atmosphere that makes this house feel like home the moment you step inside. One of the biggest highlights of this property is its exceptional affordability. In today’s market, finding a home that offers this level of quality at such an attractive price point is rare. Whether you’re looking to own instead of rent or expand your real estate portfolio, this home delivers outstanding value. Conveniently located near major highways, shopping, schools, and dining, this Ellenwood gem provides easy access to everything Metro Atlanta has to offer — all while maintaining a quiet, neighborhood feel. Don’t miss this opportunity to own a well-maintained, affordable home in a desirable and growing area. Schedule your private showing today!

22. 2026-02-17
    historical $375,000 1435-char remark

    Show marketing remark (1435 chars)

    $10,000.00 Down Payment Assistant may be available now on this home. Welcome home to this beautifully maintained and incredibly affordable residence located in the heart of Ellenwood! This charming property offers the perfect combination of comfort, value, and convenience — making it an ideal choice for first-time buyers, growing families, or savvy investors. This home has been well cared for and thoughtfully maintained, allowing buyers to move in with confidence and peace of mind. From the clean interior to the solid structure, this property reflects pride of ownership throughout. You’ll appreciate the spacious layout, natural light, and inviting atmosphere that makes this house feel like home the moment you step inside. One of the biggest highlights of this property is its exceptional affordability. In today’s market, finding a home that offers this level of quality at such an attractive price point is rare. Whether you’re looking to own instead of rent or expand your real estate portfolio, this home delivers outstanding value. Conveniently located near major highways, shopping, schools, and dining, this Ellenwood gem provides easy access to everything Metro Atlanta has to offer — all while maintaining a quiet, neighborhood feel. Don’t miss this opportunity to own a well-maintained, affordable home in a desirable and growing area. Schedule your private showing today!

23. 2026-02-16
    listed $275,000 New 1326-char remark

    Show marketing remark (1326 chars)

    Welcome home to this beautifully maintained and incredibly affordable residence located in the heart of Ellenwood! This charming property offers the perfect combination of comfort, value, and convenience - making it an ideal choice for first-time buyers, growing families, or savvy investors. This home has been well cared for and thoughtfully maintained, allowing buyers to move in with confidence and peace of mind. From the clean interior to the solid structure, this property reflects pride of ownership throughout. You'll appreciate the spacious layout, natural light, and inviting atmosphere that makes this house feel like home the moment you step inside. One of the biggest highlights of this property is its exceptional affordability. In today's market, finding a home that offers this level of quality at such an attractive price point is rare. Whether you're looking to own instead of rent or expand your real estate portfolio, this home delivers outstanding value. Conveniently located near major highways, shopping, schools, and dining, this Ellenwood gem provides easy access to everything Metro Atlanta has to offer - all while maintaining a quiet, neighborhood feel. Don't miss this opportunity to own a well-maintained, affordable home in a desirable and growing area. Schedule your private showing today!

24. 2024-09-17
    historical
25. 2024-06-14
    price $255,000
26. 2024-06-12
    price $155,000
27. 2024-06-12
    status Back On Market
28. 2024-05-15
    historical
29. 2024-02-15
    listed $245,000 New
30. 2015-12-17
    soldstatus $60,000
31. 2008-08-07
    soldstatus $42,000
32. 1994-12-01
    soldstatus $67,700
33. 1977-10-14
    soldstatus $35,350

ⓘ 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: $2,632 · $219/mo
• Projected year-2 tax: $2,632 · $219/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 6/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,811
• − Mortgage interest: −$11,707
• − Property taxes: −$2,632
• − Insurance: −$1,045
• − Repairs & maintenance: −$1,905
• − Management: −$1,905
• − Depreciation: −$6,080
• Taxable loss: −$1,462
• Est. tax savings @ 24.0%: +$351
• After-tax cash flow: $2,333/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: Clayton County
• NCES district ID: 1301230
• Math proficiency: 11% ▼ -13.00%
• Reading proficiency: 20% ▼ -9.00%
• Median HH income: $42,266
• Composite: 13.41/100
• National rank: #9527
• State rank: #155 of 174 in GA

Livability — Lake City

• Score: 70/100
• State rank: #98
• US rank: #7863

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Henry County · 316,359 people
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 41,983
• Household income: $79,762
• Rent vs Own: 19.4% rent · 80.6% own
• Severe rent burden: 864.0

Population outlook (Clayton County) Hauer SSP2

• Today (2025): 310,777 people
• By 2030: 329,762 · +6.1%
• By 2040: 368,052 · +18.4%
• By 2050: 401,196 · +29.1%
• By 2075: 472,488 · +52.0%
• By 2100: 500,446 · +61.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (84%)
• Race & ethnicity: Black 84% Hispanic / Latino 7% Two or more races 6% White 6% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Hispanic 1%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 6% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Clayton

• 2024 margin: Solid D (+69.2) · D 84.3% · R 15.1%
• 2008→2024 swing: +2.8pp toward D · 2008: 66.4pp · 2024: 69.2pp
• All cycles: 2024: D+69.2 2020: D+70.9 2016: D+71.9 2012: D+70.1 2008: D+66.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.99%
• Current HPI: 213.1999
• Rent YoY: ▲ 4.56%
• Metro: Atlanta-Sandy Springs-Alpharetta, 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

+491.2% since first listed

20 events — show timeline

• 2026-05-19 Price Changed $209,000 GAMLS
• 2026-05-19 Price Changed $209,000 FMLS
• 2026-04-06 Price Changed $239,000 GAMLS
• 2026-04-06 Price Changed $239,000 FMLS
• 2026-03-24 Price Changed $268,000 GAMLS
• 2026-03-09 Price Changed $268,000 FMLS
• 2026-02-17 Price Changed $275,000 FMLS
• 2026-02-17 Listed $375,000 FMLS
• 2026-02-17 Coming Soon $375,000 FMLS
• 2026-02-16 Listed $275,000 GAMLS
• 2024-09-17 Listing Removed — GAMLS
• 2024-06-14 Price Changed $255,000 GAMLS
• 2024-06-12 Price Changed $155,000 GAMLS
• 2024-06-12 Relisted — GAMLS
• 2024-05-15 Listing Removed — GAMLS
• 2024-02-15 Listed $245,000 GAMLS
• 2015-12-17 Sold (Public Records) $60,000 Public Records
• 2008-08-07 Sold (Public Records) $42,000 Public Records
• 1994-12-01 Sold (Public Records) $67,700 Public Records
• 1977-10-14 Sold (Public Records) $35,350 Public Records

Property tax history

+3.6%/yr

Latest (2025): $2,632 · +2.8% YoY. Source: county tax records.