5510 Whitehall Rd · Lula, GA 30554

$175,000

2 bd · 1.0 ba · 920 sqft · SingleFamily public records · 38 Days on market

Built 1940 2.09 ac lot

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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).

• Cash flow +18.4/30.0
• ARV discount +7.5/15.0
• DSCR +5.8/10.0
• 1% rule +4.0/10.0
• Livability +3.4/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Opportunity awaits with this fixer-upper on just over 2 private, wooded acres! This 3-bedroom, 1-bath home offers great potential, including a flex space off one of the bedrooms-perfect for a home office or easily converted into a walk-in closet. Inside, you'll find a country kitchen, a cozy dining area, and a comfortable living room with a gas fireplace. Ideal for investors or buyers ready to add their personal touch. Conveniently located with easy access to Gainesville, Cornelia, and surrounding areas, while tucked just onto the gravel portion of the road for a more private setting. The property also features a large metal workshop and an additional storage building. Sold as-is, bring your vision and make it your own! *More photos coming soon!

Key facts

• Country kitchen
• Large metal workshop
• Flex space

Tags

• PRIVATE WOODED ACRES
• FLEX SPACE
• COUNTRY KITCHEN
• GAS FIREPLACE
• LARGE METAL WORKSHOP
• ADDITIONAL STORAGE BUILDING

Property features AI

Exterior

• Parking: Parking for 4 vehicles; Parking pad and driveway; Open parking available
• Utilities: Well water; Septic tank sewer; Electricity available (other electric services)
• Home design: One level; Fixer condition; Fee simple ownership
• Construction: Wood siding and other construction materials; Metal roof; Block foundation; Other structures include workshop and shed(s)
• Exterior features: Private yard; Front porch; Workshop and shed(s)

Interior

• Kitchen: Country-style kitchen; Appliances: Other
• Bedrooms: Three bedrooms on the main level; Master bedroom on main level
• Flooring: Hardwood; Carpet; Vinyl
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Window unit(s) for cooling
• Interior features: One fireplace with gas log in the living room; No common walls; Other interior features
• Laundry & utility: Laundry features: Other; Crawl space foundation/basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $163 ($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 $157k (10.5% below list).
• Recommended offer: $157k (10.5% below list) — sets the bar for 1% rule.
• Cap rate 7.4% vs local median 3.3% in Lula — 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 68/100 on livability (#130 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: amenities F, commute F, health & safety D-.
• Hall County (rural): math 28% / reading 33% proficiency, ranked #81 of 174 in GA (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lula Elementary School (math 32% / reading 27%, grade F, #633 of 1,228 statewide, top 54%, 401 students, 54% FRL); East Hall Middle School (math 15% / reading 20%, grade F, #377 of 470 statewide, top 81%, 909 students, 78% FRL); East Hall High School (math 12% / reading 33%, grade F, #210 of 424 statewide, top 50%, 1,330 students, 66% FRL).
• Market conditions: 99 active listings in the ZIP; 2,274 units permitted in Hall County in 2024 (620 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 $5k of value loss. Plan a longer hold.
• Hall County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $156,710 (10.5% below list)

Questions for the listing agent

1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.90% ✗
• Cap rate: 7.41%
• Cash-on-cash: 4.00%
• DSCR: 1.18
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -10.1%
• Equity multiple: 0.63×
• Total profit: $-18,005
• Equity at exit: $26,093

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-2,512
• Equity at exit: $15,131

Cash invested: $49,000 (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 30554

• Home prices YoY: -12.4%
• Active inventory: 99
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,567 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$84 /mo · $1,007/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $163

Break-even live

Break-even rent $1,360

Max offer price $175,000

Occupancy floor 85%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-06-02
   status $175,000 Pending 38 DOM
2. 2026-06-01
   days on market $175,000 Active Under Contract 38 DOM
3. 2026-05-31
   days on market $175,000 Active Under Contract 37 DOM
4. 2026-04-29
   status Under Contract 756-char remark

   Show marketing remark (756 chars)

   Opportunity awaits with this fixer-upper on just over 2 private, wooded acres! This 3-bedroom, 1-bath home offers great potential, including a flex space off one of the bedrooms-perfect for a home office or easily converted into a walk-in closet. Inside, you'll find a country kitchen, a cozy dining area, and a comfortable living room with a gas fireplace. Ideal for investors or buyers ready to add their personal touch. Conveniently located with easy access to Gainesville, Cornelia, and surrounding areas, while tucked just onto the gravel portion of the road for a more private setting. The property also features a large metal workshop and an additional storage building. Sold as-is, bring your vision and make it your own! *More photos coming soon!

5. 2026-04-29
   historical Active Under Contract

   Show marketing remark (756 chars)

   Opportunity awaits with this fixer-upper on just over 2 private, wooded acres! This 3-bedroom, 1-bath home offers great potential, including a flex space off one of the bedrooms-perfect for a home office or easily converted into a walk-in closet. Inside, you'll find a country kitchen, a cozy dining area, and a comfortable living room with a gas fireplace. Ideal for investors or buyers ready to add their personal touch. Conveniently located with easy access to Gainesville, Cornelia, and surrounding areas, while tucked just onto the gravel portion of the road for a more private setting. The property also features a large metal workshop and an additional storage building. Sold as-is, bring your vision and make it your own! *More photos coming soon!

6. 2026-04-24
   listed $175,000 Active
7. 2026-04-19
   listed $175,000 New 756-char remark

   Show marketing remark (756 chars)

   Opportunity awaits with this fixer-upper on just over 2 private, wooded acres! This 3-bedroom, 1-bath home offers great potential, including a flex space off one of the bedrooms-perfect for a home office or easily converted into a walk-in closet. Inside, you'll find a country kitchen, a cozy dining area, and a comfortable living room with a gas fireplace. Ideal for investors or buyers ready to add their personal touch. Conveniently located with easy access to Gainesville, Cornelia, and surrounding areas, while tucked just onto the gravel portion of the road for a more private setting. The property also features a large metal workshop and an additional storage building. Sold as-is, bring your vision and make it your own! *More photos coming soon!

ⓘ 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: $1,007 · $84/mo
• Projected year-2 tax: $1,610 · $134/mo
• Expected delta: +$603/yr (+$50/mo · 59.9%)

ⓘ 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 4/10 Moderate 7 d/yr ≥101°F today · 18 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,805
• − Mortgage interest: −$9,803
• − Property taxes: −$1,007
• − Insurance: −$875
• − Repairs & maintenance: −$1,504
• − Management: −$1,504
• − Depreciation: −$5,091
• Taxable loss: −$979
• Est. tax savings @ 24.0%: +$235
• After-tax cash flow: $2,197/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: Hall County
• NCES district ID: 1302610
• Math proficiency: 28% ▼ -12.00%
• Reading proficiency: 33% ▼ -5.00%
• Median HH income: $55,708
• Composite: 27.15/100
• National rank: #7029
• State rank: #81 of 174 in GA

Livability — Lula

• Score: 68/100
• State rank: #130
• US rank: #9112

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 9,167
• Population (ZIP): 9,167

Population outlook (Hall County) Hauer SSP2

• Today (2025): 225,275 people
• By 2030: 240,204 · +6.6%
• By 2040: 268,440 · +19.2%
• By 2050: 293,596 · +30.3%
• By 2075: 350,293 · +55.5%
• By 2100: 389,329 · +72.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 9% Hispanic / Latino 8% Black 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Common ancestry: Slovak 3% Lithuanian 1% Serbian 1%
• Foreign-born: 5% · Canada
• Languages at home: 91% English-only · Spanish 8%

Political lean MEDSL · Hall

• 2024 margin: Solid R (+43.8) · D 27.8% · R 71.6%
• 2008→2024 swing: +7.1pp toward D · 2008: -50.9pp · 2024: -43.8pp
• All cycles: 2024: R+43.8 2020: R+43.2 2016: R+50.7 2012: R+56.4 2008: R+50.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -47.65%
• Current HPI: 338.0206
• 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

+0.0% since first listed

4 events — show timeline

• 2026-04-29 Pending — GAMLS
• 2026-04-29 Contingent — FMLS
• 2026-04-24 Listed $175,000 FMLS
• 2026-04-19 Listed $175,000 GAMLS

Property tax history

+7.5%/yr

Latest (2025): $1,007 · +1.7% YoY. Source: county tax records.