440 Crimson Ridge Dr · Jonesboro, GA 30238

$280,000

4 bd · 3.0 ba · 2,126 sqft · SingleFamily public records · 9 Days on market

Built 2002 0.43 ac lot $132/sqft · 13% below area Est $342k · 18% under

---

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).

• ARV discount +15.0/15.0
• Cash flow +9.7/30.0
• Livability +3.6/5.0
• Rent growth +3.0/5.0
• 1% rule +2.8/10.0
• DSCR +2.7/10.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

This thoughtfully designed split-level home offers style, functionality, and a layout for everyone to have their own space! Upstairs, you'll find three bedrooms(roommate style), including a spacious primary suite complete with an oversized closet and private en suite bath. The main living area features a seamless flow from the living room to the dining space and kitchen-creating the perfect setup for hosting friends and family. Just off the family room, step out onto a large deck that overlooks the expansive, level, backyard-ideal for gatherings, kids at play, pets, or simply enjoying a quiet evening outdoors. Downstairs, you'll find two additional bedrooms, a full bath and additional livi

Key facts

• Oversized closet
• Large deck
• Split level home

Tags

• SPLIT LEVEL HOME
• SPACIOUS PRIMARY SUITE
• OVERSIZED CLOSET
• PRIVATE EN SUITE BATH
• LARGE DECK
• EXPANSIVE LEVEL BACKYARD

Property features AI

Finance

• Other: Listing accepts Cash, Conventional, FHA, and VA financing
• HOA & community: No HOA; Community sidewalks and street lights

Exterior

• Parking: Attached garage with garage door opener
• Security: Security system; Smoke detectors; Carbon monoxide detectors
• Utilities: Public water; Public sewer; 220-volt electric; Cable available; High-speed internet available; Natural gas available; Phone available; Sewer connected; Underground utilities; Electricity available
• Home design: Single-family residence (house); Multi/split levels; Resale property
• Construction: Built in 2002; Brick, stucco, and vinyl siding; Composition roof; Slab foundation
• Exterior features: Deck; Cul-de-sac lot

Interior

• Kitchen: Dishwasher; Microwave; Refrigerator; Ice maker; Pantry; Breakfast area; Gas water heater
• Bedrooms: 5 bedrooms total; 2 bedrooms on lower level
• Flooring: Carpet; Tile; Vinyl
• Bathrooms: 3 full bathrooms total; 1 full bathroom on lower level
• Heating & cooling: Central heating; Central air; Ceiling fans
• Interior features: High ceilings; In-law floorplan; Roommate plan; Separate shower; Soaking tub; Split bedroom plan; Split foyer; Tile bath; Vaulted ceilings; Walk-in closets; Factory-built fireplace in family room (1 total); Bonus room, exercise room, family room, game room
• Laundry & utility: Laundry in basement; Laundry in hall

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $280k.

Deal economics

• At list price, monthly cash flow is $-184 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $247k (11.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $219k (21.6% below list).
• Recommended offer: $219k (21.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#63 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A-; Watch: crime C-, employment D, commute 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.
• Zoned schools: Brown Elementary School (math 8% / reading 17%, grade F, #1,032 of 1,228 statewide, top 85%, 700 students, 90% FRL); Mundys Mill Middle School (math 10% / reading 24%, grade F, #381 of 470 statewide, top 82%, 768 students, 90% FRL); Mundy'S Mill High School (math 8% / reading 22%, grade F, #297 of 424 statewide, top 74%, 1,629 students, 90% FRL).
• Market conditions: Rents rising (+2.1%/yr); 259 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; 865 units permitted in Clayton County in 2024 (448 in 5+ unit buildings).
• This rent runs 42% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 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

• Climate carrying-cost: major wind risk, 27% 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 $219,416 (21.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.78% ✗
• Cap rate: 5.50%
• Cash-on-cash: -2.82%
• DSCR: 0.87
• GRM: 10.6

CMA / ARV

• ARV (median comp): $341,692
• List price: $280,000
• Delta: -18.05%
• 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
440 Crimson Ridge Dr	0.00mi	5/3.0 (+1)	2,260 (+6%)	1mo	$280,000	$124	84
502 Cypress Estates Cv	0.15mi	4/2.5	2,324 (+9%)	10mo	$295,000	$127	67
9615 Margaret Ln	0.63mi	4/3.0	2,075 (-2%)	4mo	$375,000	$181	64
9283 Whaleys Lake Ln	0.17mi	4/2.0	2,336 (+10%)	11mo	$300,000	$128	62
9399 Whaleys Lake Ln	0.46mi	4/3.0	2,035 (-4%)	11mo	$307,000	$151	62
447 Windy Ln	0.66mi	4/2.5	2,150 (+1%)	6mo	$357,000	$166	60
443 Windy Ln	0.69mi	3/2.5 (-1)	2,150 (+1%)	6mo	$351,077	$163	54
750 Four Winds Ln	0.66mi	4/3.0	1,855 (-13%)	1mo	$209,000	$113	47
770 Four Winds Ln	0.71mi	4/3.0	1,928 (-9%)	6mo	$236,900	$123	46
423 Windy Ln	0.70mi	4/3.0	2,400 (+13%)	2mo	$366,077	$153	44
439 Windy Ln	0.66mi	4/3.0	2,400 (+13%)	4mo	$364,000	$152	44
49 Diana Ct	0.74mi	4/2.5	2,324 (+9%)	7mo	$295,000	$127	42

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 · 2.06% rent growth · sell at horizon

5-year hold

• IRR: -22.0%
• Equity multiple: 0.25×
• Total profit: $-59,151
• Equity at exit: $41,749

10-year hold

• IRR: -18.4%
• Equity multiple: 0.05×
• Total profit: $-74,819
• Equity at exit: $24,209

Cash invested: $78,400 (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 30238

• Home prices YoY: -33.3%
• Rents YoY: 2.1%
• Active inventory: 259
• Price-to-rent: 10.6×

Monthly cashflow live

• Estimated rent: $2,194 high
• Mortgage (P&I): −$1,468
• Tax from tax record: −$333 /mo · $3,993/yr
• Insurance: −$117
• HOA: −$0
• Vacancy / Maint / Mgmt: −$461
• Net cashflow: $-184

Break-even live

Break-even rent $2,428

Max offer price $247,422

Occupancy floor —

Sensitivity live

Price	-10% $-26	-5% $-105	+0% $-184	+5% $-264	+10% $-343
Rent	-10% $-358	-5% $-271	+0% $-184	+5% $-98	+10% $-11
Rate	-1.0pp $-43	-0.5pp $-113	base $-184	+0.5pp $-257	+1.0pp $-331

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: $70,000
• Closing costs: $8,400
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
559 Cypress Estates Cv Jonesboro, GA	3.0	2.5	2279	$2,245	$0.99	45d	1	0.22mi
312 Stillwood Ct Jonesboro, GA	4.0	3.0	1598	$2,800	$1.75	45d	1	0.24mi
9423 Flowering Trl Jonesboro, GA	4.0	2.5	2994	$2,400	$0.80	45d	1	0.50mi
9363 Haley Ct Jonesboro, GA	4.0	2.0	1980	$1,895	$0.96	0d	1	0.69mi
782 Dunaire Way Jonesboro, GA	3.0	1.5	1600	$1,385	$0.87	45d	1	0.85mi
105 Inverness Trce Riverdale, GA	3.0	2.5	1500	$1,790	$1.19	0d	1	0.91mi
57 Inverness Trce Jonesboro, GA	3.0	2.5	1452	$1,850	$1.27	45d	1	0.94mi
9245 Club View Trce Riverdale, GA	3.0	2.0	1588	$1,861	$1.17	4d	1	1.02mi
205 Inverness Trce Riverdale, GA	3.0	2.0	1490	$1,719	$1.15	45d	1	1.04mi
216 Rivergate Ct Jonesboro, GA	5.0	2.5	1831	$2,395	$1.31	45d	1	1.07mi
8990 Sterling Ridge Ln Jonesboro, GA	5.0	2.5	1560	$2,010	$1.29	0d	1	1.08mi
8774 Channing Dr Jonesboro, GA	4.0	2.0	1650	$1,499	$0.91	18d	1	1.12mi
967 Wynnbrook Ln Jonesboro, GA	3.0	2.0	1619	$1,985	$1.23	7d	1	1.16mi
161 Sterling Ridge Dr Riverdale, GA	4.0	2.0	1686	$1,495	$0.89	26d	1	1.19mi
9602 Sleepy Hollow Ln Jonesboro, GA	3.0	2.0	1404	$1,600	$1.14	45d	1	1.23mi
178 Marsh Glen Dr Jonesboro, GA	3.0	2.5	2808	$1,795	$0.64	45d	1	1.26mi
191 Marsh Glen Dr Jonesboro, GA	4.0	3.0	1550	$2,131	$1.37	6d	1	1.27mi
673 Jeb Stuart Dr Jonesboro, GA	3.0	2.0	1455	$1,850	$1.27	45d	1	1.32mi
673 Jeb Stuart Dr Jonesboro, GA	3.0	2.0	1454	$1,800	$1.24	7d	1	1.32mi
9439 Sleepy Hollow Ln Jonesboro, GA	4.0	3.0	1500	$1,745	$1.16	26d	1	1.47mi
9471 Bogey Ct Jonesboro, GA	3.0	2.5	1560	$2,103	$1.35	0d	1	1.49mi
9700 Pintail Trl Jonesboro, GA	3.0	2.5	1529	$1,900	$1.24	26d	1	1.49mi

Listing history 4 events

1. 2026-05-04
   status Under Contract 947-char remark
2. 2026-05-02
   status Back On Market 947-char remark
3. 2026-04-27
   historical Active Under Contract 947-char remark
4. 2026-03-23
   listed $280,000 New 947-char remark

ⓘ 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: $3,993 · $333/mo
• Projected year-2 tax: $3,993 · $333/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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% 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: $26,330
• − Mortgage interest: −$15,684
• − Property taxes: −$3,993
• − Insurance: −$1,400
• − Repairs & maintenance: −$2,106
• − Management: −$2,106
• − Depreciation: −$8,145
• Taxable loss: −$7,106
• Est. tax savings @ 24.0%: +$1,705
• After-tax cash flow: $-508/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 — Jonesboro

• Score: 72/100
• State rank: #63
• US rank: #6030

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Clayton County · 230,153 people
• City population: 93,280
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 43,191
• Household income: $62,185
• Rent vs Own: 36.2% rent · 63.8% own
• Severe rent burden: 1992.0

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 (71%)
• Race & ethnicity: Black 71% Hispanic / Latino 17% White 7% Two or more races 7%
• Hispanic origin (detail): Mexican 13% Puerto Rican 2%
• Foreign-born: 11% · Canada, United Kingdom
• Languages at home: 83% English-only · Spanish 14% 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: ▼ -105.48%
• Current HPI: 211.6309
• Rent YoY: ▲ 2.06%
• 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

+0.0% since first listed

5 events — show timeline

• 2026-05-29 Sold (MLS) $280,000 GAMLS
• 2026-05-04 Pending — GAMLS
• 2026-05-02 Relisted — GAMLS
• 2026-04-27 Contingent — GAMLS
• 2026-03-23 Listed $280,000 GAMLS

Property tax history

+4.4%/yr

Latest (2025): $3,993 · -1.8% YoY. Source: county tax records.