512 Oakland Ave · Cordele, GA 31015

$57,750

2 bd · 1.0 ba · 624 sqft · SingleFamily public records · 54 Days on market

Built 1950 3,920 sqft lot $93/sqft · 204% above area

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Why this score? — see what drove the B- 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
• ARV discount +7.5/15.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investment Property or Primary Residence priced to sell!! Two-bedroom, one bath home in Cordele near all shopping and restaurants! Currently rents for $525 per month. Would make a great rental property or first-time home buyer. Shown by appointment only with at least 24 hour's notice!

Key facts

• 3,920 sq ft lot
• Built 1950
• Listed 54 days

Property features AI

Finance

• Other: Lot approximately 0.09 acres; Lot features: Other
• HOA & community: No HOA

Exterior

• Parking: No parking specified
• Utilities: Public water; Public sewer; Electricity available; Sewer connected; Cable available; Water available
• Home design: Single-family house; Residential property; Resale; Built in 1950
• Construction: Vinyl siding; Metal roof; 624 square feet building area
• Exterior features: Deck; Patio

Interior

• Kitchen: Breakfast area; No appliances included
• Bedrooms: 2 bedrooms on the main level
• Flooring: Tile; Vinyl
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Heat pump heating; Central air conditioning
• Interior features: One-level living; Dining room and living room combined; Breakfast area; Crawl space basement; Family room
• Laundry & utility: Laundry closet

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $58k.

Deal economics

• At list price, monthly cash flow is $393 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $58k).
• Recommended offer: $56k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.5% vs local median 4.9% in Cordele — 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 53/100 on livability (#556 in GA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: schools F, crime F, amenities F.
• Crisp County (rural): math 20% / reading 21% proficiency, ranked #143 of 174 in GA (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 173 active listings in the ZIP; 21 units permitted in Crisp County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $400 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Crisp County population projected at -22% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $16k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 54 days — a 3% lower offer ($56k) 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 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 80% 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 $56,017 (3.0% below list)

Questions for the listing agent

1. It's been on market 54 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — 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. 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?
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: 1.74% ✓
• Cap rate: 14.47%
• Cash-on-cash: 29.19%
• DSCR: 2.30
• GRM: 4.8

CMA / ARV

• ARV (median comp): $19,005
• List price: $57,750
• Delta: 203.87%
• Verdict: OVERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
111 W 4th Ave	0.60mi	2/1.0	676 (+8%)	10mo	$10,000	$15	50

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.6%
• Equity multiple: 1.97×
• Total profit: $15,707
• Equity at exit: $8,611

10-year hold

• IRR: 31.5%
• Equity multiple: 3.84×
• Total profit: $45,994
• Equity at exit: $4,993

Cash invested: $16,170 (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 31015

• Home prices YoY: -24.1%
• Active inventory: 173
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,003 medium
• Mortgage (P&I): −$303
• Tax est. 1.5%: −$72 /mo · $866/yr
• Insurance: −$24
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $393

Break-even live

Break-even rent $505

Max offer price $57,750

Occupancy floor 56%

Sensitivity live

Price	-10% $433	-5% $413	+0% $393	+5% $373	+10% $353
Rent	-10% $314	-5% $354	+0% $393	+5% $433	+10% $473
Rate	-1.0pp $422	-0.5pp $408	base $393	+0.5pp $378	+1.0pp $363

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: $14,438
• Closing costs: $1,732
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $57,750 Active 54 DOM
2. 2026-06-18
   days on market $57,750 Active 52 DOM
3. 2026-06-17
   days on market $57,750 Active 51 DOM
4. 2026-06-16
   days on market $57,750 Active 50 DOM
5. 2026-06-15
   days on market $57,750 Active 49 DOM
6. 2026-06-13
   days on market $57,750 Active 47 DOM
7. 2026-06-12
   days on market $57,750 Active 46 DOM
8. 2026-06-09
   days on market $57,750 Active 43 DOM
9. 2026-06-08
   days on market $57,750 Active 42 DOM
10. 2026-06-07
    days on market $57,750 Active 41 DOM
11. 2026-06-07
    days on market $57,750 Active 40 DOM
12. 2026-06-04
    days on market $57,750 Active 37 DOM
13. 2026-06-02
    days on market $57,750 Active 36 DOM
14. 2026-06-01
    days on market $57,750 Active 35 DOM
15. 2026-05-31
    days on market $57,750 Active 34 DOM
16. 2026-05-31
    days on market $57,750 Active 33 DOM
17. 2026-04-27
    listed $57,750 Active 285-char remark

    Show marketing remark (285 chars)

    Investment Property or Primary Residence priced to sell!! Two-bedroom, one bath home in Cordele near all shopping and restaurants! Currently rents for $525 per month. Would make a great rental property or first-time home buyer. Shown by appointment only with at least 24 hour's notice!

18. 2026-04-27
    listed $57,750 New 285-char remark

    Show marketing remark (285 chars)

    Investment Property or Primary Residence priced to sell!! Two-bedroom, one bath home in Cordele near all shopping and restaurants! Currently rents for $525 per month. Would make a great rental property or first-time home buyer. Shown by appointment only with at least 24 hour's notice!

ⓘ 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 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 18 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $12,036
• − Mortgage interest: −$3,235
• − Property taxes: −$866
• − Insurance: −$289
• − Repairs & maintenance: −$963
• − Management: −$963
• − Depreciation: −$1,680
• Taxable income: $4,041
• Est. tax owed @ 24.0%: −$970
• After-tax cash flow: $3,750/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: Crisp County
• NCES district ID: 1301560
• Math proficiency: 20% ▼ -10.00%
• Reading proficiency: 21% ▼ -7.00%
• Median HH income: $32,681
• Composite: 16.68/100
• National rank: #9168
• State rank: #143 of 174 in GA

Livability — Cordele

• Score: 53/100
• State rank: #556
• US rank: #24483

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Cordele, GA
• Population (ZIP): 18,615

Population outlook (Crisp County) Hauer SSP2

• Today (2025): 21,484 people
• By 2030: 20,594 · -4.1%
• By 2040: 18,691 · -13.0%
• By 2050: 16,769 · -21.9%
• By 2075: 12,329 · -42.6%
• By 2100: 8,591 · -60.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: Black 48% White 47% Hispanic / Latino 3% Two or more races 2%
• Common ancestry: Slovak 2% Italian 1% Serbian 1%
• Foreign-born: 1% · Canada, China
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Crisp

• 2024 margin: Strong R (+25.9) · D 36.9% · R 62.8%
• 2008→2024 swing: -8.2pp toward R · 2008: -17.7pp · 2024: -25.9pp
• All cycles: 2024: R+25.9 2020: R+24.9 2016: R+22.7 2012: R+13.8 2008: R+17.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -57.99%
• Current HPI: 182.3676
• 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

2 events — show timeline

• 2026-04-27 Listed $57,750 CABOR
• 2026-04-27 Listed $57,750 GAMLS

Property tax history

-0.8%/yr

Latest (2025): $111 · +6.2% YoY. Source: county tax records.