337 Lee Dr · Acworth, GA 30102

$365,000

3 bd · 3.0 ba · 2,885 sqft · SingleFamily public records · 86 Days on market

Built 1967 0.70 ac lot $127/sqft · 33% below area Est $465k · 21% 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).

• ARV discount +15.0/15.0
• Cash flow +10.0/30.0
• Schools +4.2/10.0
• Livability +3.6/5.0
• Rent growth +2.9/5.0
• DSCR +2.8/10.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

HARD TO FIND ONE IF A KIND RECENTLY RENOVATED RANCH HOME FEATURING 4 BEDROOMS AND 2 BATHROOMS, KITCHEN WITH WHIT? C?BINETS, STAINLESS STEEL APPLIANCES INCLUDING A 2-DOOR REFRIGERATOR, WASHER AND DRYER, FRONT AND SIDE PORCHES LARGE DINING ROOM, FENCED YARD COVERED.

Key facts

• Large dining room
• Fenced yard
• Recently renovated

Tags

• RECENTLY RENOVATED
• KITCHEN WITH CABINETS
• STAINLESS STEEL APPLIANCES
• FRONT AND SIDE PORCHES
• LARGE DINING ROOM
• FENCED YARD

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $365k.

Deal economics

• At list price, monthly cash flow is $-221 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $326k (10.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $253k (30.7% below list).
• Recommended offer: $253k (30.7% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 3.8% in Acworth — 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 72/100 on livability (#68 in GA) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, cost of living A; Watch: amenities F, commute F.
• Cherokee County (suburban): math 46% / reading 48% proficiency, ranked #17 of 174 in GA (top 10%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Oak Grove Elementary School (math 37% / reading 37%, grade F, #485 of 1,228 statewide, top 41%, 515 students, 64% FRL); E. T. Booth Middle School (math 41% / reading 50%, grade D+, #97 of 470 statewide, top 22%, 1,654 students, 33% FRL); Etowah High School (math 14% / reading 36%, grade F, #181 of 424 statewide, top 43%, 2,441 students, 28% FRL) — zoned schools average 42% FRL vs 26% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.7%/yr); 329 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,665 units permitted in Cherokee County in 2024 (852 in 5+ unit buildings).
• This rent runs 31% of the median local income ($98k/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 $3k of loan paydown is wiped out by about $11k of value loss. Plan a longer hold.
• Cherokee County population projected at +34% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 86 days — a 6% lower offer ($343k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 8y 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.
• Current owner paid $82k; list at $365k implies a 342% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $253,040 (30.7% 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. It's been on market 86 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. Built in 1967 — 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. 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?
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: 0.69% ✗
• Cap rate: 5.57%
• Cash-on-cash: -2.59%
• DSCR: 0.88
• GRM: 12.0

CMA / ARV

• ARV (median comp): $464,923
• List price: $365,000
• Delta: -21.49%
• 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
200 Sable Ridge Way	0.41mi	4/3.0 (+1)	2,667 (-8%)	3mo	$535,000	$201	60
148 Sable Trace Trl	0.45mi	4/3.0 (+1)	2,714 (-6%)	6mo	$499,900	$184	59
756 Coventry Cove Way	0.65mi	4/3.0 (+1)	2,689 (-7%)	2mo	$560,540	$208	52
341 Brighton Bend Ln	0.68mi	4/3.0 (+1)	2,689 (-7%)	2mo	$584,540	$217	51
3101 Chelsea Ln	0.72mi	4/3.0 (+1)	2,950 (+2%)	9mo	$430,000	$146	50
3090 Cambridge Mill St	0.68mi	4/3.5 (+1)	2,729 (-5%)	5mo	$539,390	$198	48
3098 Cambridge Mill St	0.66mi	4/3.0 (+1)	2,689 (-7%)	7mo	$519,990	$193	47
3086 Cambridge Mill St	0.69mi	4/3.0 (+1)	2,689 (-7%)	7mo	$519,000	$193	46
3070 Cambridge Mill St	0.73mi	4/3.5 (+1)	2,729 (-5%)	5mo	$505,000	$185	46
748 Coventry Cove Way	0.64mi	3/2.5	2,506 (-13%)	1mo	$490,000	$196	45
3066 Cambridge Mill St	0.74mi	4/3.5 (+1)	2,689 (-7%)	8mo	$540,000	$201	41
648 Devon Aly	0.70mi	4/3.5 (+1)	2,471 (-14%)	4mo	$430,000	$174	33

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 · 1.71% rent growth · sell at horizon

5-year hold

• IRR: -21.9%
• Equity multiple: 0.25×
• Total profit: $-76,606
• Equity at exit: $54,423

10-year hold

• IRR: -18.9%
• Equity multiple: 0.04×
• Total profit: $-98,390
• Equity at exit: $31,559

Cash invested: $102,200 (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 30102

• Rents YoY: 1.7%
• Active inventory: 329
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $2,530 high
• Mortgage (P&I): −$1,914
• Tax from tax record: −$154 /mo · $1,845/yr
• Insurance: −$152
• HOA: −$0
• Vacancy / Maint / Mgmt: −$531
• Net cashflow: $-221

Break-even live

Break-even rent $2,810

Max offer price $325,975

Occupancy floor —

Sensitivity live

Price	-10% $-14	-5% $-118	+0% $-221	+5% $-324	+10% $-428
Rent	-10% $-421	-5% $-321	+0% $-221	+5% $-121	+10% $-21
Rate	-1.0pp $-37	-0.5pp $-128	base $-221	+0.5pp $-315	+1.0pp $-412

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: $91,250
• Closing costs: $10,950
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
660 Devon Aly Acworth, GA	4.0	3.5	2471	$2,750	$1.11	45d	1	0.69mi
201 Brighton Bend Ln Acworth, GA	3.0	2.5	2070	$2,650	$1.28	26d	1	0.85mi
1420 Hunter Trl Acworth, GA	4.0	3.5	2519	$2,700	$1.07	26d	1	0.89mi
182 Woodhouse Cir Acworth, GA	4.0	2.5	2005	$2,600	$1.30	45d	1	0.95mi
1216 Marlo Way Acworth, GA	3.0	2.5	1985	$2,500	$1.26	45d	1	1.04mi
1178 Buice Lake Pkwy Acworth, GA	4.0	3.0	2100	$2,600	$1.24	26d	1	1.05mi
1009 Taylor Ct Acworth, GA	3.0	2.5	1970	$2,450	$1.24	26d	1	1.06mi
1004 Taylor Ct Acworth, GA	3.0	4.0	1985	$2,399	$1.21	0d	1	1.08mi
737 Payton Ln Acworth, GA	3.0	2.5	1970	$2,300	$1.17	26d	1	1.08mi
741 Payton Ln Acworth, GA	3.0	2.5	1970	$2,400	$1.22	26d	1	1.08mi
756 Payton Ln Acworth, GA	3.0	2.5	1972	$2,500	$1.27	12d	1	1.10mi
422 Herring Dr Acworth, GA	3.0	2.5	2100	$2,350	$1.12	45d	1	1.11mi
801 Cameron Trl Acworth, GA	3.0	2.5	2100	$2,350	$1.12	6d	1	1.13mi
3331 Owl Creek Pkwy Acworth, GA	3.0	2.5	2100	$2,500	$1.19	45d	1	1.13mi
275 Shaw Dr Acworth, GA	4.0	2.0	1960	$2,455	$1.25	18d	1	1.24mi
603 Brolley Ct Woodstock, GA	3.0	3.0	3188	$2,490	$0.78	4d	1	1.32mi
403 Bennett Farms Pl Acworth, GA	4.0	2.0	1957	$2,179	$1.11	7d	1	1.44mi

Listing history 43 events

1. 2026-06-21
   days on market $365,000 Active 86 DOM
2. 2026-06-18
   days on market $365,000 Active 83 DOM
3. 2026-06-17
   days on market $365,000 Active 82 DOM
4. 2026-06-16
   days on market $365,000 Active 81 DOM
5. 2026-06-15
   days on market $365,000 Active 80 DOM
6. 2026-06-13
   days on market $365,000 Active 78 DOM
7. 2026-06-09
   days on market $365,000 Active 74 DOM
8. 2026-06-08
   days on market $365,000 Active 73 DOM
9. 2026-06-07
   days on market $365,000 Active 72 DOM
10. 2026-06-04
    days on market $365,000 Active 69 DOM
11. 2026-06-03
    days on market $365,000 Active 68 DOM
12. 2026-06-02
    days on market $365,000 Active 67 DOM
13. 2026-06-01
    days on market $365,000 Active 66 DOM
14. 2026-05-31
    days on market $365,000 Active 65 DOM
15. 2026-04-29
    price $365,000 266-char remark

    Show marketing remark (1226 chars)

    Welcome home to this hidden gem in Acworth! This recently renovated 4 bedroom, 2 full bathrooms ranch is situated on a level, approximately 0.7 acre lot in a quiet, established neighborhood with no HOA and convenient access to Hwy 92, I-75, I-575, shopping, dining, and schools. The home features a bright and spacious family room, a formal dining room that accommodates 12+ guests, and a large primary suite with private entrance and deck. The primary bathroom includes a walk-in tiled shower, tiled floors and walls, and a double vanity. Three additional secondary bedrooms offer ample space and natural light. A former second garage has been converted into a large bonus room suitable for a potential 5th bedroom, office, recreation, or media room. The home offers generous closet and storage space throughout. The kitchen features white cabinets, stainless steel appliances, and includes a refrigerator, washer, and dryer. An extended driveway provides ample parking. The fully fenced backyard includes a rear gate for additional access. Covered rear deck. This property presents an excellent opportunity for owner-occupants or investors seeking comfort, space, and convenience. Great opportunity! Submit your offer today!

16. 2026-04-29
    price $365,000 1226-char remark

    Show marketing remark (1226 chars)

    Welcome home to this hidden gem in Acworth! This recently renovated 4 bedroom, 2 full bathrooms ranch is situated on a level, approximately 0.7 acre lot in a quiet, established neighborhood with no HOA and convenient access to Hwy 92, I-75, I-575, shopping, dining, and schools. The home features a bright and spacious family room, a formal dining room that accommodates 12+ guests, and a large primary suite with private entrance and deck. The primary bathroom includes a walk-in tiled shower, tiled floors and walls, and a double vanity. Three additional secondary bedrooms offer ample space and natural light. A former second garage has been converted into a large bonus room suitable for a potential 5th bedroom, office, recreation, or media room. The home offers generous closet and storage space throughout. The kitchen features white cabinets, stainless steel appliances, and includes a refrigerator, washer, and dryer. An extended driveway provides ample parking. The fully fenced backyard includes a rear gate for additional access. Covered rear deck. This property presents an excellent opportunity for owner-occupants or investors seeking comfort, space, and convenience. Great opportunity! Submit your offer today!

17. 2026-03-27
    listed $375,000 New 266-char remark

    Show marketing remark (1226 chars)

    Welcome home to this hidden gem in Acworth! This recently renovated 4 bedroom, 2 full bathrooms ranch is situated on a level, approximately 0.7 acre lot in a quiet, established neighborhood with no HOA and convenient access to Hwy 92, I-75, I-575, shopping, dining, and schools. The home features a bright and spacious family room, a formal dining room that accommodates 12+ guests, and a large primary suite with private entrance and deck. The primary bathroom includes a walk-in tiled shower, tiled floors and walls, and a double vanity. Three additional secondary bedrooms offer ample space and natural light. A former second garage has been converted into a large bonus room suitable for a potential 5th bedroom, office, recreation, or media room. The home offers generous closet and storage space throughout. The kitchen features white cabinets, stainless steel appliances, and includes a refrigerator, washer, and dryer. An extended driveway provides ample parking. The fully fenced backyard includes a rear gate for additional access. Covered rear deck. This property presents an excellent opportunity for owner-occupants or investors seeking comfort, space, and convenience. Great opportunity! Submit your offer today!

18. 2026-03-27
    listed $375,000 Active 1226-char remark

    Show marketing remark (1226 chars)

    Welcome home to this hidden gem in Acworth! This recently renovated 4 bedroom, 2 full bathrooms ranch is situated on a level, approximately 0.7 acre lot in a quiet, established neighborhood with no HOA and convenient access to Hwy 92, I-75, I-575, shopping, dining, and schools. The home features a bright and spacious family room, a formal dining room that accommodates 12+ guests, and a large primary suite with private entrance and deck. The primary bathroom includes a walk-in tiled shower, tiled floors and walls, and a double vanity. Three additional secondary bedrooms offer ample space and natural light. A former second garage has been converted into a large bonus room suitable for a potential 5th bedroom, office, recreation, or media room. The home offers generous closet and storage space throughout. The kitchen features white cabinets, stainless steel appliances, and includes a refrigerator, washer, and dryer. An extended driveway provides ample parking. The fully fenced backyard includes a rear gate for additional access. Covered rear deck. This property presents an excellent opportunity for owner-occupants or investors seeking comfort, space, and convenience. Great opportunity! Submit your offer today!

19. 2019-10-15
    soldstatus $82,500 Closed
20. 2019-10-15
    soldstatus $82,500 Sold
21. 2019-10-07
    status Pending
22. 2019-10-07
    status Under Contract
23. 2019-09-30
    status Pending Offer Approval
24. 2019-09-30
    historical Hold
25. 2019-09-19
    price $84,900
26. 2019-09-18
    price $84,900
27. 2019-08-30
    price $89,900
28. 2019-08-30
    price $89,900
29. 2019-07-24
    price $94,900
30. 2019-07-23
    price $94,900
31. 2019-06-25
    price $99,900
32. 2019-06-24
    price $99,900
33. 2019-05-29
    price $105,000
34. 2019-05-29
    price $105,000
35. 2019-05-10
    price $112,000
36. 2019-05-10
    price $112,000
37. 2019-03-28
    price $106,400
38. 2019-03-27
    price $106,400
39. 2019-02-26
    price $112,000
40. 2019-02-25
    price $112,000
41. 2018-11-28
    listed $124,000 Active
42. 2018-11-28
    listed $124,000 New
43. 1981-03-01
    soldstatus $22,500

ⓘ 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: $1,845 · $154/mo
• Projected year-2 tax: $3,358 · $280/mo
• Expected delta: +$1,513/yr (+$126/mo · 82.0%)

ⓘ 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 7 d/yr ≥102°F today · 16 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 14% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $30,365
• − Mortgage interest: −$20,446
• − Property taxes: −$1,845
• − Insurance: −$1,825
• − Repairs & maintenance: −$2,429
• − Management: −$2,429
• − Depreciation: −$10,618
• Taxable loss: −$9,227
• Est. tax savings @ 24.0%: +$2,215
• After-tax cash flow: $-436/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: Cherokee County
• NCES district ID: 1301110
• Math proficiency: 46% ▼ -11.00%
• Reading proficiency: 48% ▼ -8.00%
• Median HH income: $69,295
• Composite: 42.14/100
• National rank: #3304
• State rank: #17 of 174 in GA

Livability — Acworth

• Score: 72/100
• State rank: #68
• US rank: #6208

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Cherokee County · 289,977 people
• City population: 107,912
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 45,319
• Household income: $97,676
• Rent vs Own: 23.4% rent · 76.6% own
• Severe rent burden: 940.0

Population outlook (Cherokee County) Hauer SSP2

• Today (2025): 281,923 people
• By 2030: 303,845 · +7.8%
• By 2040: 344,738 · +22.3%
• By 2050: 379,010 · +34.4%
• By 2075: 449,617 · +59.5%
• By 2100: 484,103 · +71.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 63% Hispanic / Latino 14% Black 14% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 7% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Romanian 2% Slovak 2%
• Foreign-born: 15% · Canada, Jamaica, Vietnam
• Languages at home: 81% English-only · Spanish 12% Other Indo-European 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Cherokee

• 2024 margin: Solid R (+39.0) · D 30.1% · R 69.1%
• 2008→2024 swing: +12.1pp toward D · 2008: -51.1pp · 2024: -39.0pp
• All cycles: 2024: R+39.0 2020: R+39.2 2016: R+50.0 2012: R+57.8 2008: R+51.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -209.73%
• Current HPI: 250.4575
• Rent YoY: ▲ 1.71%
• 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

+1522.2% since first listed

29 events — show timeline

• 2026-04-29 Price Changed $365,000 GAMLS
• 2026-04-29 Price Changed $365,000 FMLS
• 2026-03-27 Listed $375,000 FMLS
• 2026-03-27 Listed $375,000 GAMLS
• 2019-10-15 Sold (MLS) $82,500 GAMLS
• 2019-10-15 Sold (MLS) $82,500 FMLS
• 2019-10-07 Pending — FMLS
• 2019-10-07 Pending — GAMLS
• 2019-09-30 Pending — GAMLS
• 2019-09-30 Delisted — FMLS
• 2019-09-19 Price Changed $84,900 GAMLS
• 2019-09-18 Price Changed $84,900 FMLS
• 2019-08-30 Price Changed $89,900 GAMLS
• 2019-08-30 Price Changed $89,900 FMLS
• 2019-07-24 Price Changed $94,900 GAMLS
• 2019-07-23 Price Changed $94,900 FMLS
• 2019-06-25 Price Changed $99,900 GAMLS
• 2019-06-24 Price Changed $99,900 FMLS
• 2019-05-29 Price Changed $105,000 GAMLS
• 2019-05-29 Price Changed $105,000 FMLS
• 2019-05-10 Price Changed $112,000 GAMLS
• 2019-05-10 Price Changed $112,000 FMLS
• 2019-03-28 Price Changed $106,400 GAMLS
• 2019-03-27 Price Changed $106,400 FMLS
• 2019-02-26 Price Changed $112,000 GAMLS
• 2019-02-25 Price Changed $112,000 FMLS
• 2018-11-28 Listed $124,000 GAMLS
• 2018-11-28 Listed $124,000 FMLS
• 1981-03-01 Sold (Public Records) $22,500 Public Records

Property tax history

+18.1%/yr

Latest (2025): $1,845 · +4.0% YoY. Source: county tax records.