29 34th St · Ellijay, GA 30540

$55,000

2 bd · 1.0 ba · 768 sqft · SingleFamily · 95 Days on market

Built 1975 Fair condition 4,356 sqft lot $72/sqft · 61% below area ↓ 15% since listing

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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 +3.6/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tucked away on a quiet mountain street and backing up to community green space for added privacy, this property offers a peaceful retreat surrounded by nature. The home features a 1975 camper that has been thoughtfully built around to create additional living space, along with washer and dryer connections and a full-size bathroom for added convenience. Step into an opportunity to put your personal touch on a mountain property and bring its full potential to life. Located within the gated Coosawattee River Resort, owners enjoy access to a wide range of amenities, including river access, playgrounds, indoor and outdoor swimming pools, dog parks, a fitness center, and community facilities. Just minutes from downtown Ellijay, apple orchards, hiking trails, and tubing, this property can be ideal as a full-time residence, vacation getaway, or investment opportunity. SOLD AS IS, and all personal property currently on site will convey with the sale.

Key facts

• Dog parks
• Fitness center
• Community facilities

Tags

• GATED COOSAWATTEE RIVER RESORT
• RIVER ACCESS
• DOG PARKS
• FITNESS CENTER
• COMMUNITY FACILITIES
• MINUTES FROM DOWNTOWN ELLIJAY

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $55k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $735 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $50k (9.0% below list) — sets the bar for market timing.
• Cap rate 22.3% vs local median 1.8% in Ellijay — 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 71/100 on livability (#85 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D, schools D-, amenities F.
• Gilmer County (rural): math 39% / reading 36% proficiency, ranked #56 of 174 in GA (top 32%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 971 active listings in the ZIP; 176 units permitted in Gilmer County in 2024 (74 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Gilmer County population projected at +6% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 95 days — a 9% lower offer ($50k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $50,050 (9.0% below list)

Questions for the listing agent

1. It's been on market 95 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1975 — 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. 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?
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: 2.57% ✓
• Cap rate: 22.32%
• Cash-on-cash: 57.24%
• DSCR: 3.55
• GRM: 3.2

CMA / ARV

• ARV (median comp): $139,730
• List price: $55,000
• Delta: -60.64%
• Verdict: UNDERPRICED
• Comps: 7 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
29 34th St	0.00mi	2/1.0	768 (0%)	1mo	$40,000	$52	100

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: 55.7%
• Equity multiple: 3.46×
• Total profit: $37,893
• Equity at exit: $8,201

10-year hold

• IRR: 60.7%
• Equity multiple: 7.06×
• Total profit: $93,326
• Equity at exit: $4,755

Cash invested: $15,400 (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 30540

• Home prices YoY: -11.0%
• Active inventory: 971
• Price-to-rent: 3.2×

Monthly cashflow live

• Estimated rent: $1,411 medium
• Mortgage (P&I): −$288
• Tax est. 1.5%: −$69 /mo · $825/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$296
• Net cashflow: $735

Break-even live

Break-even rent $481

Max offer price $55,000

Occupancy floor 43%

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: $13,750
• Closing costs: $1,650
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-15
   status Pending 955-char remark

   Show marketing remark (955 chars)

   Tucked away on a quiet mountain street and backing up to community green space for added privacy, this property offers a peaceful retreat surrounded by nature. The home features a 1975 camper that has been thoughtfully built around to create additional living space, along with washer and dryer connections and a full-size bathroom for added convenience. Step into an opportunity to put your personal touch on a mountain property and bring its full potential to life. Located within the gated Coosawattee River Resort, owners enjoy access to a wide range of amenities, including river access, playgrounds, indoor and outdoor swimming pools, dog parks, a fitness center, and community facilities. Just minutes from downtown Ellijay, apple orchards, hiking trails, and tubing, this property can be ideal as a full-time residence, vacation getaway, or investment opportunity. SOLD AS IS, and all personal property currently on site will convey with the sale.

2. 2026-05-15
   status Under Contract 955-char remark

   Show marketing remark (955 chars)

   Tucked away on a quiet mountain street and backing up to community green space for added privacy, this property offers a peaceful retreat surrounded by nature. The home features a 1975 camper that has been thoughtfully built around to create additional living space, along with washer and dryer connections and a full-size bathroom for added convenience. Step into an opportunity to put your personal touch on a mountain property and bring its full potential to life. Located within the gated Coosawattee River Resort, owners enjoy access to a wide range of amenities, including river access, playgrounds, indoor and outdoor swimming pools, dog parks, a fitness center, and community facilities. Just minutes from downtown Ellijay, apple orchards, hiking trails, and tubing, this property can be ideal as a full-time residence, vacation getaway, or investment opportunity. SOLD AS IS, and all personal property currently on site will convey with the sale.

3. 2026-03-19
   price $55,000 955-char remark

   Show marketing remark (955 chars)

   Tucked away on a quiet mountain street and backing up to community green space for added privacy, this property offers a peaceful retreat surrounded by nature. The home features a 1975 camper that has been thoughtfully built around to create additional living space, along with washer and dryer connections and a full-size bathroom for added convenience. Step into an opportunity to put your personal touch on a mountain property and bring its full potential to life. Located within the gated Coosawattee River Resort, owners enjoy access to a wide range of amenities, including river access, playgrounds, indoor and outdoor swimming pools, dog parks, a fitness center, and community facilities. Just minutes from downtown Ellijay, apple orchards, hiking trails, and tubing, this property can be ideal as a full-time residence, vacation getaway, or investment opportunity. SOLD AS IS, and all personal property currently on site will convey with the sale.

4. 2026-03-19
   price $55,000 955-char remark

   Show marketing remark (955 chars)

   Tucked away on a quiet mountain street and backing up to community green space for added privacy, this property offers a peaceful retreat surrounded by nature. The home features a 1975 camper that has been thoughtfully built around to create additional living space, along with washer and dryer connections and a full-size bathroom for added convenience. Step into an opportunity to put your personal touch on a mountain property and bring its full potential to life. Located within the gated Coosawattee River Resort, owners enjoy access to a wide range of amenities, including river access, playgrounds, indoor and outdoor swimming pools, dog parks, a fitness center, and community facilities. Just minutes from downtown Ellijay, apple orchards, hiking trails, and tubing, this property can be ideal as a full-time residence, vacation getaway, or investment opportunity. SOLD AS IS, and all personal property currently on site will convey with the sale.

5. 2026-02-09
   listed $65,000 Active 955-char remark

   Show marketing remark (955 chars)

   Tucked away on a quiet mountain street and backing up to community green space for added privacy, this property offers a peaceful retreat surrounded by nature. The home features a 1975 camper that has been thoughtfully built around to create additional living space, along with washer and dryer connections and a full-size bathroom for added convenience. Step into an opportunity to put your personal touch on a mountain property and bring its full potential to life. Located within the gated Coosawattee River Resort, owners enjoy access to a wide range of amenities, including river access, playgrounds, indoor and outdoor swimming pools, dog parks, a fitness center, and community facilities. Just minutes from downtown Ellijay, apple orchards, hiking trails, and tubing, this property can be ideal as a full-time residence, vacation getaway, or investment opportunity. SOLD AS IS, and all personal property currently on site will convey with the sale.

6. 2026-01-29
   listed $65,000 New 955-char remark

   Show marketing remark (955 chars)

   Tucked away on a quiet mountain street and backing up to community green space for added privacy, this property offers a peaceful retreat surrounded by nature. The home features a 1975 camper that has been thoughtfully built around to create additional living space, along with washer and dryer connections and a full-size bathroom for added convenience. Step into an opportunity to put your personal touch on a mountain property and bring its full potential to life. Located within the gated Coosawattee River Resort, owners enjoy access to a wide range of amenities, including river access, playgrounds, indoor and outdoor swimming pools, dog parks, a fitness center, and community facilities. Just minutes from downtown Ellijay, apple orchards, hiking trails, and tubing, this property can be ideal as a full-time residence, vacation getaway, or investment opportunity. SOLD AS IS, and all personal property currently on site will convey with the sale.

ⓘ 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 5/10 Major 7 d/yr ≥102°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,931
• − Mortgage interest: −$3,081
• − Property taxes: −$825
• − Insurance: −$275
• − Repairs & maintenance: −$1,355
• − Management: −$1,355
• − Depreciation: −$1,600
• Taxable income: $8,442
• Est. tax owed @ 24.0%: −$2,026
• After-tax cash flow: $6,789/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This property requires moderate renovations to improve its condition and increase its value. Key areas for improvement include painting, updating interior walls, replacing worn-out flooring, and upgrading kitchen cabinets and fixtures.

Repairs flagged

• Major Kitchen cabinets — Peeling paint and overall poor condition.
• Major Bathroom fixtures — Outdated and worn-out appearance.
• Moderate Exterior siding — Weathered and aging appearance.
• Major Flooring — Worn and may need replacement.
• Major Interior walls/paint — Peeling paint and overall poor condition.
• Moderate Windows — May need replacement for better energy efficiency and appearance.
• Minor HVAC/mechanicals — No visible issues, but may need maintenance.
• Minor Landscaping — Basic landscaping could be improved for better curb appeal.

Value-add opportunities

• Both Painting and updating interior walls — Improves appearance and can increase both resale and rental value.
• Both Replacing worn-out flooring — Enhances living space and can increase both resale and rental value.
• Both Upgrading kitchen cabinets and fixtures — Enhances functionality and can increase both resale and rental value.
• Both Replacing windows — Improves energy efficiency and can increase both resale and rental value.
• Rental Landscaping improvements — Enhances curb appeal and can attract renters.
• Both HVAC maintenance — Ensures comfort and can increase both resale and rental value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen cabinets · Peeling paint and overall poor condition.	Major	$15,000–50,000
Bathroom fixtures · Outdated and worn-out appearance.	Major	$15,000–50,000
Exterior siding · Weathered and aging appearance.	Moderate	$3,000–15,000
Flooring · Worn and may need replacement.	Major	$15,000–50,000
Interior walls/paint · Peeling paint and overall poor condition.	Major	$15,000–50,000
Windows · May need replacement for better energy efficiency and appearance.	Moderate	$3,000–15,000
HVAC/mechanicals · No visible issues, but may need maintenance.	Minor	$500–3,000
Landscaping · Basic landscaping could be improved for better curb appeal.	Minor	$500–3,000
Total estimated repair cost · 8 items		$67,000–236,000

Value-add ROI direction

• Both Painting and updating interior walls — Improves appearance and can increase both resale and rental value. ↑
• Both Replacing worn-out flooring — Enhances living space and can increase both resale and rental value. ↑
• Both Upgrading kitchen cabinets and fixtures — Enhances functionality and can increase both resale and rental value. ↑
• Both Replacing windows — Improves energy efficiency and can increase both resale and rental value. ↑
• Rental Landscaping improvements — Enhances curb appeal and can attract renters. ↑
• Both HVAC maintenance — Ensures comfort and can increase both resale and rental value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Gilmer County
• NCES district ID: 1302340
• Math proficiency: 39% ▼ -7.00%
• Reading proficiency: 36% ▼ -6.00%
• Median HH income: $40,473
• Composite: 31.53/100
• National rank: #5961
• State rank: #56 of 174 in GA

Livability — Ellijay

• Score: 71/100
• State rank: #85
• US rank: #7087

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 20,145

Population outlook (Gilmer County) Hauer SSP2

• Today (2025): 31,466 people
• By 2030: 32,199 · +2.3%
• By 2040: 33,034 · +5.0%
• By 2050: 33,266 · +5.7%
• By 2075: 33,686 · +7.1%
• By 2100: 33,792 · +7.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 12% Two or more races 6% Native American 2%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Slovak 4% Lithuanian 2% Romanian 2%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 7% Other Indo-European 1%

Political lean MEDSL · Gilmer

• 2024 margin: Solid R (+62.6) · D 18.5% · R 81.0%
• 2008→2024 swing: -10.6pp toward R · 2008: -52.0pp · 2024: -62.6pp
• All cycles: 2024: R+62.6 2020: R+63.5 2016: R+66.9 2012: R+63.3 2008: R+52.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -33.49%
• Current HPI: 270.796
• 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

-15.4% since first listed

6 events — show timeline

• 2026-05-15 Pending — NEGBOR
• 2026-05-15 Pending — GAMLS
• 2026-03-19 Price Changed $55,000 GAMLS
• 2026-03-19 Price Changed $55,000 NEGBOR
• 2026-02-09 Listed $65,000 NEGBOR
• 2026-01-29 Listed $65,000 GAMLS