134 College St · Royston, GA 30662

$229,000

3 bd · 2.0 ba · 1,800 sqft · SingleFamily public records · 123 Days on market

Built 1985 0.82 ac lot $127/sqft · 16% below area Est $273k · 16% 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 +16.2/30.0
• ARV discount +14.7/15.0
• Appreciation +10.0/10.0
• DSCR +5.0/10.0
• 1% rule +3.7/10.0
• Schools +3.0/10.0
• Livability +2.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

ACCEPTING BACK UP OFFERS! Charming 4 BEDROOM, 2 BATHROOM nestled in the heart of Royston. RAPIDLY GROWING AREA WITH STRONG RENTAL HISTORY! NEW HVAC, NEW paint, & NEW flooring! Boasting approximately 1,800 square feet of living space and sited on an expansive 0.82-acre level lot. Spacious living areas flow seamlessly into an eat-in kitchen, with ample cabinet and counter space for everyday cooking. Storage won't be an issue thanks to WALK-IN CLOSETS, a utility room, and a separate storage/work shed! BONUS SPACE AVAILABLE - Upstairs, two rooms already have the plumbing and electrical roughed in and are ready for finishing, making them ideal for an office, guest suite, or hobby space, or 2 additional bedrooms! Exterior features: BEAUTIFUL PECAN TREES, ABOVE-GROUND POOL, AND GENEROUS YARD SPACE! Perfect setting to settle down with enormous potential for instant equity through expansion and updates! House is sold AS-IS - CASH OR CONVENTIONAL LOANS.

Key facts

• Utility room
• New flooring
• New paint

Tags

• STRONG RENTAL HISTORY
• NEW PAINT
• NEW FLOORING
• WALK-IN CLOSETS
• UTILITY ROOM
• STORAGE WORK SHED

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $229k.

Deal economics

• At list price, monthly cash flow is $121 ($1k/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 $198k (13.4% below list).
• Recommended offer: $198k (13.4% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 4.0% in Royston — 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 58/100 on livability (#421 in GA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A, crime B+; Watch: schools F, amenities F, commute F.
• Franklin County (rural): math 38% / reading 35% proficiency, ranked #61 of 174 in GA (top 35%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 95 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 163 units permitted in Franklin County in 2024 (0 in 5+ unit buildings).
• This rent runs 44% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $24k of equity ($2k loan paydown + $23k appreciation (10.0% local appreciation)).
• At projected returns (10.0% appreciation + 3.0% rent growth), your $64k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$39k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 123 days — a 12% lower offer ($202k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago 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: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $198,307 (13.4% below list)

Questions for the listing agent

1. It's been on market 123 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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: 0.87% ✗
• Cap rate: 6.93%
• Cash-on-cash: 2.26%
• DSCR: 1.10
• GRM: 9.6

CMA / ARV

• ARV (median comp): $272,536
• List price: $229,000
• Delta: -15.97%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
134 College St	0.00mi	4/2.0 (+1)	1,800 (0%)	1mo	$229,000	$127	94
200 College St	0.07mi	3/2.0	1,987 (+10%)	11mo	$169,900	$86	70
285 Bowers St	0.20mi	4/2.0 (+1)	1,955 (+9%)	3mo	$285,000	$146	69
35 Adams Place Dr	0.29mi	3/2.0	1,675 (-7%)	14mo	$285,000	$170	64
641 Church St	0.57mi	2/2.0 (-1)	1,730 (-4%)	8mo	$225,000	$130	55
209 Adams Place Dr	0.39mi	3/2.0	1,560 (-13%)	20mo	$281,900	$181	43
323 Brooks St	0.72mi	3/2.0	1,907 (+6%)	19mo	$326,000	$171	41
180 Woodland Mnr	0.70mi	3/2.0	1,964 (+9%)	17mo	$430,000	$219	38
486 Ty Cobb St	0.66mi	2/2.0 (-1)	1,592 (-12%)	22mo	$151,000	$95	27

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 25.9%
• Equity multiple: 3.06×
• Total profit: $132,365
• Equity at exit: $206,301

10-year hold

• IRR: 22.7%
• Equity multiple: 6.98×
• Total profit: $383,630
• Equity at exit: $444,897

Cash invested: $64,120 (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 30662

• Home prices YoY: 17.9%
• Active inventory: 95
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,983 medium
• Mortgage (P&I): −$1,201
• Tax from tax record: −$149 /mo · $1,793/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $121

Break-even live

Break-even rent $1,830

Max offer price $229,000

Occupancy floor 89%

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20 Breanna Way Royston, GA	3.0	2.5	1380	$2,500	$1.81	13d	1	0.30mi
22 Freedom Point Rd Royston, GA	3.0	2.0	1800	$1,500	$0.83	13d	1	1.32mi

Listing history 14 events

1. 2026-05-12
   status Under Contract 961-char remark

   Show marketing remark (961 chars)

   ACCEPTING BACK UP OFFERS! Charming 4 BEDROOM, 2 BATHROOM nestled in the heart of Royston. RAPIDLY GROWING AREA WITH STRONG RENTAL HISTORY! NEW HVAC, NEW paint, & NEW flooring! Boasting approximately 1,800 square feet of living space and sited on an expansive 0.82-acre level lot. Spacious living areas flow seamlessly into an eat-in kitchen, with ample cabinet and counter space for everyday cooking. Storage won't be an issue thanks to WALK-IN CLOSETS, a utility room, and a separate storage/work shed! BONUS SPACE AVAILABLE - Upstairs, two rooms already have the plumbing and electrical roughed in and are ready for finishing, making them ideal for an office, guest suite, or hobby space, or 2 additional bedrooms! Exterior features: BEAUTIFUL PECAN TREES, ABOVE-GROUND POOL, AND GENEROUS YARD SPACE! Perfect setting to settle down with enormous potential for instant equity through expansion and updates! House is sold AS-IS - CASH OR CONVENTIONAL LOANS.

2. 2026-03-31
   price $229,000 961-char remark

   Show marketing remark (961 chars)

   ACCEPTING BACK UP OFFERS! Charming 4 BEDROOM, 2 BATHROOM nestled in the heart of Royston. RAPIDLY GROWING AREA WITH STRONG RENTAL HISTORY! NEW HVAC, NEW paint, & NEW flooring! Boasting approximately 1,800 square feet of living space and sited on an expansive 0.82-acre level lot. Spacious living areas flow seamlessly into an eat-in kitchen, with ample cabinet and counter space for everyday cooking. Storage won't be an issue thanks to WALK-IN CLOSETS, a utility room, and a separate storage/work shed! BONUS SPACE AVAILABLE - Upstairs, two rooms already have the plumbing and electrical roughed in and are ready for finishing, making them ideal for an office, guest suite, or hobby space, or 2 additional bedrooms! Exterior features: BEAUTIFUL PECAN TREES, ABOVE-GROUND POOL, AND GENEROUS YARD SPACE! Perfect setting to settle down with enormous potential for instant equity through expansion and updates! House is sold AS-IS - CASH OR CONVENTIONAL LOANS.

3. 2026-03-03
   price $243,000 961-char remark

   Show marketing remark (961 chars)

   ACCEPTING BACK UP OFFERS! Charming 4 BEDROOM, 2 BATHROOM nestled in the heart of Royston. RAPIDLY GROWING AREA WITH STRONG RENTAL HISTORY! NEW HVAC, NEW paint, & NEW flooring! Boasting approximately 1,800 square feet of living space and sited on an expansive 0.82-acre level lot. Spacious living areas flow seamlessly into an eat-in kitchen, with ample cabinet and counter space for everyday cooking. Storage won't be an issue thanks to WALK-IN CLOSETS, a utility room, and a separate storage/work shed! BONUS SPACE AVAILABLE - Upstairs, two rooms already have the plumbing and electrical roughed in and are ready for finishing, making them ideal for an office, guest suite, or hobby space, or 2 additional bedrooms! Exterior features: BEAUTIFUL PECAN TREES, ABOVE-GROUND POOL, AND GENEROUS YARD SPACE! Perfect setting to settle down with enormous potential for instant equity through expansion and updates! House is sold AS-IS - CASH OR CONVENTIONAL LOANS.

4. 2026-01-09
   historical
5. 2025-09-26
   listed $247,000 New 961-char remark

   Show marketing remark (961 chars)

   ACCEPTING BACK UP OFFERS! Charming 4 BEDROOM, 2 BATHROOM nestled in the heart of Royston. RAPIDLY GROWING AREA WITH STRONG RENTAL HISTORY! NEW HVAC, NEW paint, & NEW flooring! Boasting approximately 1,800 square feet of living space and sited on an expansive 0.82-acre level lot. Spacious living areas flow seamlessly into an eat-in kitchen, with ample cabinet and counter space for everyday cooking. Storage won't be an issue thanks to WALK-IN CLOSETS, a utility room, and a separate storage/work shed! BONUS SPACE AVAILABLE - Upstairs, two rooms already have the plumbing and electrical roughed in and are ready for finishing, making them ideal for an office, guest suite, or hobby space, or 2 additional bedrooms! Exterior features: BEAUTIFUL PECAN TREES, ABOVE-GROUND POOL, AND GENEROUS YARD SPACE! Perfect setting to settle down with enormous potential for instant equity through expansion and updates! House is sold AS-IS - CASH OR CONVENTIONAL LOANS.

6. 2025-09-26
   listed $230,000 New

   Show marketing remark (961 chars)

   ACCEPTING BACK UP OFFERS! Charming 4 BEDROOM, 2 BATHROOM nestled in the heart of Royston. RAPIDLY GROWING AREA WITH STRONG RENTAL HISTORY! NEW HVAC, NEW paint, & NEW flooring! Boasting approximately 1,800 square feet of living space and sited on an expansive 0.82-acre level lot. Spacious living areas flow seamlessly into an eat-in kitchen, with ample cabinet and counter space for everyday cooking. Storage won't be an issue thanks to WALK-IN CLOSETS, a utility room, and a separate storage/work shed! BONUS SPACE AVAILABLE - Upstairs, two rooms already have the plumbing and electrical roughed in and are ready for finishing, making them ideal for an office, guest suite, or hobby space, or 2 additional bedrooms! Exterior features: BEAUTIFUL PECAN TREES, ABOVE-GROUND POOL, AND GENEROUS YARD SPACE! Perfect setting to settle down with enormous potential for instant equity through expansion and updates! House is sold AS-IS - CASH OR CONVENTIONAL LOANS.

7. 2023-04-14
   soldstatus $200,000
8. 2023-04-13
   soldstatus $200,000 Sold
9. 2023-03-17
   status Under Contract
10. 2023-02-21
    status Back On Market
11. 2023-02-16
    status Under Contract
12. 2023-02-08
    price $229,000
13. 2023-01-26
    listed $240,000 New
14. 1992-10-14
    soldstatus $72,000

ⓘ 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: $1,793 · $149/mo
• Projected year-2 tax: $2,107 · $176/mo
• Expected delta: +$314/yr (+$26/mo · 17.5%)

ⓘ 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 5/10 Major 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 12% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,797
• − Mortgage interest: −$12,828
• − Property taxes: −$1,793
• − Insurance: −$1,145
• − Repairs & maintenance: −$1,904
• − Management: −$1,904
• − Depreciation: −$6,662
• Taxable loss: −$2,438
• Est. tax savings @ 24.0%: +$585
• After-tax cash flow: $2,036/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: Franklin County
• NCES district ID: 1302250
• Math proficiency: 38% ▼ -1.00%
• Reading proficiency: 35% ▼ -3.00%
• Median HH income: $35,985
• Composite: 30.28/100
• National rank: #6281
• State rank: #61 of 174 in GA

Livability — Royston

• Score: 58/100
• State rank: #421
• US rank: #20753

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Royston, GA
• County: Franklin County · 7,950 people
• City population: 7,950
• Metro: Athens-Clarke County, GA
• Population (ZIP): 7,950
• Household income: $53,487
• Rent vs Own: 27.0% rent · 73.0% own
• Severe rent burden: 72.0

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 22,625 people
• By 2030: 22,725 · +0.4%
• By 2040: 22,806 · +0.8%
• By 2050: 22,713 · +0.4%
• By 2075: 22,514 · -0.5%
• By 2100: 20,768 · -8.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Black 11% Two or more races 5% Hispanic / Latino 4% Asian 4%
• Common ancestry: Slovak 2% Romanian 1% Lithuanian 1%
• Foreign-born: 6% · Vietnam, Canada
• Languages at home: 91% English-only · Vietnamese 4% Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Franklin

• 2024 margin: Solid R (+72.6) · D 13.6% · R 86.2%
• 2008→2024 swing: -21.1pp toward R · 2008: -51.5pp · 2024: -72.6pp
• All cycles: 2024: R+72.6 2020: R+69.5 2016: R+68.6 2012: R+59.5 2008: R+51.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 62.43%
• Current HPI: 410.693
• Rent YoY: —
• Metro: Athens-Clarke County, 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

+218.1% since first listed

14 events — show timeline

• 2026-05-12 Pending — GAMLS
• 2026-03-31 Price Changed $229,000 GAMLS
• 2026-03-03 Price Changed $243,000 GAMLS
• 2026-01-09 Listing Removed — GAMLS
• 2025-09-26 Listed $230,000 GAMLS
• 2025-09-26 Listed $247,000 GAMLS
• 2023-04-14 Sold (Public Records) $200,000 Public Records
• 2023-04-13 Sold (MLS) $200,000 GAMLS
• 2023-03-17 Pending — GAMLS
• 2023-02-21 Relisted — GAMLS
• 2023-02-16 Pending — GAMLS
• 2023-02-08 Price Changed $229,000 GAMLS
• 2023-01-26 Listed $240,000 GAMLS
• 1992-10-14 Sold (Public Records) $72,000 Public Records

Property tax history

+8.6%/yr

Latest (2025): $1,793 · +2.4% YoY. Source: county tax records.