3338 Lindale Ct · Panthersville, GA 30294

$210,000

3 bd · 2.0 ba · 1,368 sqft · SingleFamily public records · 79 Days on market

Built 1993 0.30 ac lot $154/sqft · 9% below area Est $232k · 9% under

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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).

• Cash flow +16.7/30.0
• ARV discount +11.7/15.0
• DSCR +5.2/10.0
• 1% rule +4.1/10.0
• Rent growth +3.6/5.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nestled in a tranquil cul-de-sac at 3338 Lindale Court, Ellenwood, Georgia, this inviting home in Dekalb County is ready to welcome you. The living room serves as a focal point, featuring a fireplace that promises warmth and a vaulted ceiling that enhances the sense of spaciousness. Imagine evenings spent in comfortable surroundings, the fireplace casting a gentle glow upon the room. The kitchen offers a blend of style and functionality. With an eye toward both aesthetics and practicality, the kitchen provides a pleasing space. The master bathroom offers a separate tub & shower combo. This residential property, built in 1993 and offering 1494 square feet of living area, is a perfect haven for those seeking a comfortable and well-appointed place to call their own. INVESTOR SPECIAL!! Fenced in backyard. Some repairs are needed. SOLD AS-IS. No FHA.

Key facts

• Vaulted ceiling
• Fenced in backyard
• Cul-de-sac

Tags

• CUL-DE-SAC
• FIREPLACE
• VAULTED CEILING
• FENCED IN BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $130 ($2k/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 $191k (9.0% below list).
• Recommended offer: $191k (9.0% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 5.3% in Panthersville — 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 66/100 on livability (#180 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime C-, schools D+, employment D.
• Dekalb County (suburban): math 19% / reading 28% proficiency, ranked #125 of 174 in GA (top 72%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.6%/yr); 244 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,240 units permitted in DeKalb County in 2024 (385 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• DeKalb County population projected at +28% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 19y ago; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $39k; list at $210k implies a 438% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 6→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $191,091 (9.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 9% 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 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?
5. 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?
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: 0.91% ✗
• Cap rate: 7.04%
• Cash-on-cash: 2.66%
• DSCR: 1.12
• GRM: 9.2

CMA / ARV

• ARV (median comp): $231,836
• List price: $210,000
• Delta: -9.42%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3420 Lineview Dr	0.25mi	3/2.0	1,456 (+6%)	13mo	$230,000	$158	67
4310 Westglen Dr	0.37mi	3/2.0	1,512 (+10%)	2mo	$199,900	$132	63
4275 Ridgetop Dr	0.58mi	3/3.0	1,368 (0%)	12mo	$148,000	$108	59
3440 Homeward Trl	0.34mi	3/2.0	1,512 (+10%)	12mo	$225,000	$149	56
3308 Homeward Trl	0.46mi	3/2.0	1,456 (+6%)	16mo	$215,000	$148	54
4310 Westglen Rd	0.44mi	3/2.0	1,456 (+6%)	19mo	$224,900	$154	53
4261 Linecrest Ln	0.65mi	3/2.5	1,500 (+10%)	6mo	$240,000	$160	47
4071 River Rd	0.69mi	3/2.0	1,263 (-8%)	11mo	$200,000	$158	46
4320 Catalpa Ct	0.68mi	3/2.5	1,560 (+14%)	2mo	$242,000	$155	41
203 Leigh Dr	0.59mi	3/2.0	1,562 (+14%)	12mo	$260,000	$166	39
4460 Sims Rd	0.61mi	4/2.0 (+1)	1,475 (+8%)	19mo	$249,599	$169	38
3958 River Rd	0.71mi	2/2.0 (-1)	1,548 (+13%)	5mo	$275,000	$178	36

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 · 4.56% rent growth · sell at horizon

5-year hold

• IRR: -10.4%
• Equity multiple: 0.61×
• Total profit: $-22,690
• Equity at exit: $31,312

10-year hold

• IRR: 0.9%
• Equity multiple: 1.06×
• Total profit: $3,780
• Equity at exit: $18,157

Cash invested: $58,800 (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 30294

• Home prices YoY: -25.0%
• Rents YoY: 4.6%
• Active inventory: 244
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,911 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$190 /mo · $2,285/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$401
• Net cashflow: $130

Break-even live

Break-even rent $1,746

Max offer price $210,000

Occupancy floor 88%

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3335 Crestview Ct Ellenwood, GA	3.0	2.5	1492	$1,650	$1.11	24d	1	0.16mi
3342 Crestview Ct Ellenwood, GA	3.0	2.0	1290	$1,601	$1.24	5d	1	0.20mi
3378 Homeward Trl Ellenwood, GA	3.0	2.0	1176	$1,695	$1.44	20d	1	0.29mi
3428 Homeward Trl Ellenwood, GA	3.0	2.0	1242	$1,795	$1.45	12d	1	0.30mi
3407 Homeward Trl Ellenwood, GA	3.0	2.0	1512	$1,695	$1.12	43d	1	0.31mi
4402 Davana Dr Ellenwood, GA	3.0	1.0	1056	$1,608	$1.52	24d	1	0.32mi
3303 Homeward Trl Ellenwood, GA	3.0	2.0	1456	$1,799	$1.24	22d	1	0.47mi
4229 Catalpa Park Ellenwood, GA	3.0	2.0	1280	$1,675	$1.31	43d	1	0.78mi
37 Poole Cir Ellenwood, GA	3.0	2.0	1080	$1,475	$1.37	43d	1	0.91mi
39 Poole Cir Ellenwood, GA	3.0	2.0	1080	$1,475	$1.37	12d	1	0.92mi
3821 River Rd Ellenwood, GA	3.0	2.0	1455	$2,195	$1.51	43d	1	0.95mi
46 Poole Cir Ellenwood, GA	3.0	2.0	1080	$1,475	$1.37	24d	1	0.99mi
48 Poole Cir Ellenwood, GA	3.0	2.0	1080	$1,475	$1.37	18d	1	1.00mi
65 Poole Cir Ellenwood, GA	3.0	2.0	1080	$1,475	$1.37	18d	1	1.04mi
67 Poole Cir Ellenwood, GA	3.0	2.0	1080	$1,475	$1.37	18d	1	1.05mi
4023 Riverside Pkwy Decatur, GA	4.0	3.0	1870	$2,090	$1.12	43d	1	1.19mi
3328 River Run Trl Decatur, GA	3.0	2.0	1665	$1,981	$1.19	1d	1	1.25mi
3868 Leyland Dr Decatur, GA	3.0	2.5	1312	$1,923	$1.47	43d	1	1.30mi
2882 Ward Lake Way Ellenwood, GA	3.0	2.5	1685	$1,676	$0.99	43d	1	1.36mi
3830 Riverside Pkwy Decatur, GA	3.0	2.5	1286	$1,860	$1.45	1d	1	1.36mi
3848 Laurenhill Ln Decatur, GA	3.0	2.5	1834	$1,900	$1.04	5d	1	1.36mi
3828 Landgraf Cv Decatur, GA	3.0	2.0	1548	$2,073	$1.34	5d	1	1.38mi
3637 Windmill Rd Ellenwood, GA	3.0	1.0	1200	$1,695	$1.41	24d	1	1.42mi
4153 Ward Lake Trl Ellenwood, GA	3.0	2.0	1460	$1,930	$1.32	43d	1	1.45mi
3716 Cress Way Dr Decatur, GA	4.0	2.5	1669	$2,185	$1.31	5d	1	1.46mi
4068 Day Trl S Ellenwood, GA	4.0	2.0	1836	$2,100	$1.14	4d	1	1.48mi
3833 Conley Downs Dr Decatur, GA	3.0	1.5	1248	$1,743	$1.40	5d	1	1.49mi

Listing history 35 events

1. 2026-06-08
   statusdays on market $210,000 Pending 79 DOM
2. 2026-06-07
   days on market $210,000 Active 78 DOM
3. 2026-06-04
   days on market $210,000 Active 75 DOM
4. 2026-06-03
   days on market $210,000 Active 74 DOM
5. 2026-06-02
   days on market $210,000 Active 73 DOM
6. 2026-06-01
   days on market $210,000 Active 72 DOM
7. 2026-05-31
   days on market $210,000 Active 71 DOM
8. 2026-05-10
   status Active 861-char remark

   Show marketing remark (861 chars)

   Nestled in a tranquil cul-de-sac at 3338 Lindale Court, Ellenwood, Georgia, this inviting home in Dekalb County is ready to welcome you. The living room serves as a focal point, featuring a fireplace that promises warmth and a vaulted ceiling that enhances the sense of spaciousness. Imagine evenings spent in comfortable surroundings, the fireplace casting a gentle glow upon the room. The kitchen offers a blend of style and functionality. With an eye toward both aesthetics and practicality, the kitchen provides a pleasing space. The master bathroom offers a separate tub & shower combo. This residential property, built in 1993 and offering 1494 square feet of living area, is a perfect haven for those seeking a comfortable and well-appointed place to call their own. INVESTOR SPECIAL!! Fenced in backyard. Some repairs are needed. SOLD AS-IS. No FHA.

9. 2026-05-08
   price $220,000 861-char remark

   Show marketing remark (861 chars)

   Nestled in a tranquil cul-de-sac at 3338 Lindale Court, Ellenwood, Georgia, this inviting home in Dekalb County is ready to welcome you. The living room serves as a focal point, featuring a fireplace that promises warmth and a vaulted ceiling that enhances the sense of spaciousness. Imagine evenings spent in comfortable surroundings, the fireplace casting a gentle glow upon the room. The kitchen offers a blend of style and functionality. With an eye toward both aesthetics and practicality, the kitchen provides a pleasing space. The master bathroom offers a separate tub & shower combo. This residential property, built in 1993 and offering 1494 square feet of living area, is a perfect haven for those seeking a comfortable and well-appointed place to call their own. INVESTOR SPECIAL!! Fenced in backyard. Some repairs are needed. SOLD AS-IS. No FHA.

10. 2026-05-05
    price $220,000 634-char remark

    Show marketing remark (634 chars)

    At 3338 Lindale Court, Ellenwood, GA, discover a residential property built in 1993, offering 1368 square feet of inviting living space. This home presents a meticulously maintained environment, poised for immediate occupancy. The kitchen is appointed with matching black appliances, providing a cohesive and functional culinary space. The living room is characterized by a high, vaulted ceiling, contributing to an expansive and airy atmosphere. This three-bedroom, two-bathroom residence offers a comprehensive solution for sophisticated living. We invite you to experience the refined appeal of this exceptional property firsthand.

11. 2026-05-01
    price $240,000 634-char remark

    Show marketing remark (634 chars)

    At 3338 Lindale Court, Ellenwood, GA, discover a residential property built in 1993, offering 1368 square feet of inviting living space. This home presents a meticulously maintained environment, poised for immediate occupancy. The kitchen is appointed with matching black appliances, providing a cohesive and functional culinary space. The living room is characterized by a high, vaulted ceiling, contributing to an expansive and airy atmosphere. This three-bedroom, two-bathroom residence offers a comprehensive solution for sophisticated living. We invite you to experience the refined appeal of this exceptional property firsthand.

12. 2026-03-04
    price $210,000 634-char remark

    Show marketing remark (634 chars)

    At 3338 Lindale Court, Ellenwood, GA, discover a residential property built in 1993, offering 1368 square feet of inviting living space. This home presents a meticulously maintained environment, poised for immediate occupancy. The kitchen is appointed with matching black appliances, providing a cohesive and functional culinary space. The living room is characterized by a high, vaulted ceiling, contributing to an expansive and airy atmosphere. This three-bedroom, two-bathroom residence offers a comprehensive solution for sophisticated living. We invite you to experience the refined appeal of this exceptional property firsthand.

13. 2026-01-28
    listed $240,000 Active 861-char remark

    Show marketing remark (634 chars)

    At 3338 Lindale Court, Ellenwood, GA, discover a residential property built in 1993, offering 1368 square feet of inviting living space. This home presents a meticulously maintained environment, poised for immediate occupancy. The kitchen is appointed with matching black appliances, providing a cohesive and functional culinary space. The living room is characterized by a high, vaulted ceiling, contributing to an expansive and airy atmosphere. This three-bedroom, two-bathroom residence offers a comprehensive solution for sophisticated living. We invite you to experience the refined appeal of this exceptional property firsthand.

14. 2026-01-28
    listed $240,000 New 634-char remark

    Show marketing remark (634 chars)

    At 3338 Lindale Court, Ellenwood, GA, discover a residential property built in 1993, offering 1368 square feet of inviting living space. This home presents a meticulously maintained environment, poised for immediate occupancy. The kitchen is appointed with matching black appliances, providing a cohesive and functional culinary space. The living room is characterized by a high, vaulted ceiling, contributing to an expansive and airy atmosphere. This three-bedroom, two-bathroom residence offers a comprehensive solution for sophisticated living. We invite you to experience the refined appeal of this exceptional property firsthand.

15. 2016-02-10
    price $35,000
16. 2015-06-04
    price $39,000
17. 2013-03-02
    price $35,000
18. 2013-02-19
    historical
19. 2013-02-08
    soldstatus $39,000 Sold
20. 2013-02-08
    soldstatus $39,000 Sold
21. 2013-02-04
    historical
22. 2013-02-04
    status Pending
23. 2013-02-04
    price $39,000
24. 2013-02-01
    status Pending Existing Lender Approval
25. 2013-01-31
    listed $35,000 Active
26. 2013-01-24
    historical Pending Approval
27. 2013-01-18
    status Back On Market
28. 2013-01-18
    historical Pending Approval
29. 2013-01-09
    status Back On Market
30. 2013-01-03
    historical Pending Approval
31. 2012-12-14
    listed $35,000 New
32. 2008-10-21
    soldstatus $99,000
33. 2008-06-20
    soldstatus $38,500
34. 2007-12-04
    listed $42,900
35. 1993-05-21
    soldstatus $69,500

ⓘ 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: $2,285 · $190/mo
• Projected year-2 tax: $2,285 · $190/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 5/10 Major 6 d/yr ≥105°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,931
• − Mortgage interest: −$11,763
• − Property taxes: −$2,285
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,834
• − Management: −$1,834
• − Depreciation: −$6,109
• Taxable loss: −$1,945
• Est. tax savings @ 24.0%: +$467
• After-tax cash flow: $2,032/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: Dekalb County
• NCES district ID: 1301740
• Math proficiency: 19% ▼ -12.00%
• Reading proficiency: 28% ▼ -7.00%
• Median HH income: $51,448
• Composite: 20.92/100
• National rank: #8482
• State rank: #125 of 174 in GA

Livability — Panthersville

• Score: 66/100
• State rank: #180
• US rank: #11244

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Henry County · 316,359 people
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 41,983
• Household income: $79,762
• Rent vs Own: 19.4% rent · 80.6% own
• Severe rent burden: 864.0

Population outlook (DeKalb County) Hauer SSP2

• Today (2025): 839,977 people
• By 2030: 891,768 · +6.2%
• By 2040: 988,894 · +17.7%
• By 2050: 1,074,583 · +27.9%
• By 2075: 1,245,026 · +48.2%
• By 2100: 1,303,135 · +55.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (84%)
• Race & ethnicity: Black 84% Hispanic / Latino 7% Two or more races 6% White 6% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Hispanic 1%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 6% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · DeKalb

• 2024 margin: Solid D (+64.8) · D 81.9% · R 17.1% · Other 1.0%
• 2008→2024 swing: +6.1pp toward D · 2008: 58.6pp · 2024: 64.8pp
• All cycles: 2024: D+64.8 2020: D+67.4 2016: D+64.8 2012: D+56.8 2008: D+58.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.99%
• Current HPI: 213.1999
• Rent YoY: ▲ 4.56%
• 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

+216.5% since first listed

28 events — show timeline

• 2026-05-10 Relisted — FMLS
• 2026-05-08 Price Changed $220,000 FMLS
• 2026-05-05 Price Changed $220,000 GAMLS
• 2026-05-01 Price Changed $240,000 GAMLS
• 2026-03-04 Price Changed $210,000 GAMLS
• 2026-01-28 Listed $240,000 GAMLS
• 2026-01-28 Listed $240,000 FMLS
• 2016-02-10 Price Changed $35,000 FMLS
• 2015-06-04 Price Changed $39,000 FMLS
• 2013-03-02 Price Changed $35,000 GAMLS
• 2013-02-19 Listing Removed — FMLS
• 2013-02-08 Sold (MLS) $39,000 GAMLS
• 2013-02-08 Sold (MLS) $39,000 FMLS
• 2013-02-04 Listing Removed — GAMLS
• 2013-02-04 Pending — FMLS
• 2013-02-04 Price Changed $39,000 GAMLS
• 2013-02-01 Pending — FMLS
• 2013-01-31 Listed $35,000 FMLS
• 2013-01-24 Contingent — GAMLS
• 2013-01-18 Relisted — GAMLS
• 2013-01-18 Contingent — GAMLS
• 2013-01-09 Relisted — GAMLS
• 2013-01-03 Contingent — GAMLS
• 2012-12-14 Listed $35,000 GAMLS
• 2008-10-21 Sold (Public Records) $99,000 Public Records
• 2008-06-20 Sold (MLS) $38,500 FMLS
• 2007-12-04 Listed $42,900 FMLS
• 1993-05-21 Sold (Public Records) $69,500 Public Records

Property tax history

-0.2%/yr

Latest (2025): $2,285 · +9.8% YoY. Source: county tax records.