35 Fortune Street St · LaFayette, GA 30728

$149,000

3 bd · 1.0 ba · 1,314 sqft · SingleFamily public records · 110 Days on market

Built 1971 0.28 ac lot $113/sqft · 26% below area Est $200k · 26% 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 +21.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.9/10.0
• 1% rule +5.0/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Older home that has an open concept with living, dining and kitchen opened up for your convenience. Three bedrooms and 1 bath. Oak kitchen cabinets, good size laundry room with built in cabinetry, wood floors etc. Nice screened back porch for your morning coffee. 16X24 out building, fenced, carport, owner will remove the wheelchair ramp if buyer requests.

Key facts

• Out building
• Oak kitchen cabinets
• Screened back porch

Tags

• OPEN CONCEPT
• OAK KITCHEN CABINETS
• LAUNDRY ROOM
• SCREENED BACK PORCH
• OUT BUILDING
• FENCED

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $149k.

Deal economics

• At list price, monthly cash flow is $230 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $149k).
• Recommended offer: $136k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 4.1% in LaFayette — 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 61/100 on livability (#345 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: crime D+, schools F, amenities F.
• Walker County (rural): math 25% / reading 29% proficiency, ranked #114 of 174 in GA (top 66%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 218 active listings in the ZIP; 347 units permitted in Walker County in 2024 (24 in 5+ unit buildings).
• This rent runs 32% of the median local income ($55k/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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Walker County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 110 days — a 9% lower offer ($136k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $14k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $60k; list at $149k implies a 148% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $135,590 (9.0% below list)

Questions for the listing agent

1. It's been on market 110 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — 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 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?
6. Crime grade is D 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: 1.00% ✓
• Cap rate: 8.14%
• Cash-on-cash: 6.60%
• DSCR: 1.29
• GRM: 8.3

CMA / ARV

• ARV (median comp): $200,309
• List price: $149,000
• Delta: -25.61%
• 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
5 Jones St	0.19mi	3/2.0	1,245 (-5%)	12mo	$230,000	$185	68
702.5 Henderson St	0.45mi	3/2.0	1,284 (-2%)	5mo	$240,000	$187	67
607 First St	0.38mi	3/2.0	1,350 (+3%)	10mo	$300,000	$222	65
307 Cavender St	0.72mi	3/2.0	1,311 (-0%)	6mo	$243,900	$186	57
133 N Chattanooga St	0.42mi	3/1.0	1,444 (+10%)	8mo	$77,500	$54	57
1106 N Chattanooga St	0.45mi	2/1.5 (-1)	1,238 (-6%)	7mo	$143,800	$116	57
318 Park St	0.45mi	3/2.0	1,451 (+10%)	13mo	$251,500	$173	47
206 Glenn St	0.64mi	3/1.0	1,144 (-13%)	5mo	$180,000	$157	44
310 Glenn St	0.74mi	3/2.0	1,218 (-7%)	7mo	$195,000	$160	44
301 Cedar St	0.64mi	2/1.5 (-1)	1,160 (-12%)	5mo	$178,000	$153	39
314 Magnolia St	0.72mi	3/2.0	1,184 (-10%)	12mo	$221,700	$187	36
318 Cedar St	0.73mi	2/1.5 (-1)	1,128 (-14%)	9mo	$65,000	$58	28

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: -6.2%
• Equity multiple: 0.77×
• Total profit: $-9,549
• Equity at exit: $22,216

10-year hold

• IRR: 3.4%
• Equity multiple: 1.25×
• Total profit: $10,402
• Equity at exit: $12,883

Cash invested: $41,720 (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 30728

• Home prices YoY: -14.2%
• Active inventory: 218
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,491 medium
• Mortgage (P&I): −$781
• Tax from tax record: −$105 /mo · $1,255/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $230

Break-even live

Break-even rent $1,200

Max offer price $149,000

Occupancy floor 80%

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Listing history 9 events

1. 2026-05-03
   status Under Contract 357-char remark

   Show marketing remark (357 chars)

   Older home that has an open concept with living, dining and kitchen opened up for your convenience. Three bedrooms and 1 bath. Oak kitchen cabinets, good size laundry room with built in cabinetry, wood floors etc. Nice screened back porch for your morning coffee. 16X24 out building, fenced, carport, owner will remove the wheelchair ramp if buyer requests.

2. 2026-05-03
   status Pending 357-char remark

   Show marketing remark (357 chars)

   Older home that has an open concept with living, dining and kitchen opened up for your convenience. Three bedrooms and 1 bath. Oak kitchen cabinets, good size laundry room with built in cabinetry, wood floors etc. Nice screened back porch for your morning coffee. 16X24 out building, fenced, carport, owner will remove the wheelchair ramp if buyer requests.

3. 2026-03-06
   price $149,000 357-char remark

   Show marketing remark (357 chars)

   Older home that has an open concept with living, dining and kitchen opened up for your convenience. Three bedrooms and 1 bath. Oak kitchen cabinets, good size laundry room with built in cabinetry, wood floors etc. Nice screened back porch for your morning coffee. 16X24 out building, fenced, carport, owner will remove the wheelchair ramp if buyer requests.

4. 2026-03-06
   price $149,000 357-char remark

   Show marketing remark (357 chars)

   Older home that has an open concept with living, dining and kitchen opened up for your convenience. Three bedrooms and 1 bath. Oak kitchen cabinets, good size laundry room with built in cabinetry, wood floors etc. Nice screened back porch for your morning coffee. 16X24 out building, fenced, carport, owner will remove the wheelchair ramp if buyer requests.

5. 2026-02-13
   price $155,000 357-char remark

   Show marketing remark (357 chars)

   Older home that has an open concept with living, dining and kitchen opened up for your convenience. Three bedrooms and 1 bath. Oak kitchen cabinets, good size laundry room with built in cabinetry, wood floors etc. Nice screened back porch for your morning coffee. 16X24 out building, fenced, carport, owner will remove the wheelchair ramp if buyer requests.

6. 2026-02-13
   price $155,000 357-char remark

   Show marketing remark (357 chars)

   Older home that has an open concept with living, dining and kitchen opened up for your convenience. Three bedrooms and 1 bath. Oak kitchen cabinets, good size laundry room with built in cabinetry, wood floors etc. Nice screened back porch for your morning coffee. 16X24 out building, fenced, carport, owner will remove the wheelchair ramp if buyer requests.

7. 2026-01-13
   listed $162,500 Active 357-char remark

   Show marketing remark (357 chars)

   Older home that has an open concept with living, dining and kitchen opened up for your convenience. Three bedrooms and 1 bath. Oak kitchen cabinets, good size laundry room with built in cabinetry, wood floors etc. Nice screened back porch for your morning coffee. 16X24 out building, fenced, carport, owner will remove the wheelchair ramp if buyer requests.

8. 2026-01-02
   listed $162,500 New 357-char remark

   Show marketing remark (357 chars)

   Older home that has an open concept with living, dining and kitchen opened up for your convenience. Three bedrooms and 1 bath. Oak kitchen cabinets, good size laundry room with built in cabinetry, wood floors etc. Nice screened back porch for your morning coffee. 16X24 out building, fenced, carport, owner will remove the wheelchair ramp if buyer requests.

9. 2025-11-21
   soldstatus $60,000

ⓘ 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: $1,255 · $105/mo
• Projected year-2 tax: $1,371 · $114/mo
• Expected delta: +$116/yr (+$10/mo · 9.2%)

ⓘ 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 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥104°F today · 20 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 13% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,888
• − Mortgage interest: −$8,346
• − Property taxes: −$1,255
• − Insurance: −$745
• − Repairs & maintenance: −$1,431
• − Management: −$1,431
• − Depreciation: −$4,335
• Taxable income: $345
• Est. tax owed @ 24.0%: −$83
• After-tax cash flow: $2,672/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: Walker County
• NCES district ID: 1305370
• Math proficiency: 25% ▼ -10.00%
• Reading proficiency: 29% ▼ -10.00%
• Median HH income: $39,889
• Composite: 22.74/100
• National rank: #8035
• State rank: #114 of 174 in GA

Livability — LaFayette

• Score: 61/100
• State rank: #345
• US rank: #17893

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: LaFayette, GA
• County: Walker County · 48,831 people
• City population: 18,790
• Metro: Chattanooga, TN-GA
• Population (ZIP): 18,790
• Household income: $55,455
• Rent vs Own: 26.6% rent · 73.4% own
• Severe rent burden: 233.0

Population outlook (Walker County) Hauer SSP2

• Today (2025): 66,050 people
• By 2030: 64,305 · -2.6%
• By 2040: 60,127 · -9.0%
• By 2050: 55,551 · -15.9%
• By 2075: 44,886 · -32.0%
• By 2100: 34,015 · -48.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Black 3% Hispanic / Latino 2% Asian 1%
• Common ancestry: Slovak 3% Lithuanian 2% Iranian 2%
• Foreign-born: 2% · South Korea
• Languages at home: 97% English-only · Spanish 2% Korean 1%

Political lean MEDSL · Walker

• 2024 margin: Solid R (+59.3) · D 20.1% · R 79.4%
• 2008→2024 swing: -12.5pp toward R · 2008: -46.8pp · 2024: -59.3pp
• All cycles: 2024: R+59.3 2020: R+59.3 2016: R+61.5 2012: R+50.2 2008: R+46.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.02%
• Current HPI: 271.2944
• Rent YoY: —
• Metro: Chattanooga, TN-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

+148.3% since first listed

9 events — show timeline

• 2026-05-03 Pending — GAMLS
• 2026-05-03 Pending — GCAR
• 2026-03-06 Price Changed $149,000 GCAR
• 2026-03-06 Price Changed $149,000 GAMLS
• 2026-02-13 Price Changed $155,000 GCAR
• 2026-02-13 Price Changed $155,000 GAMLS
• 2026-01-13 Listed $162,500 GCAR
• 2026-01-02 Listed $162,500 GAMLS
• 2025-11-21 Sold (Public Records) $60,000 Public Records

Property tax history

+104.1%/yr

Latest (2025): $1,255 · -5.5% YoY. Source: county tax records.