908 West Blvd · Moultrie, GA 31768

$187,500

3 bd · 1.0 ba · 1,692 sqft · SingleFamily public records · 47 Days on market

Built 1960 0.44 ac lot $111/sqft · at area comps Est $188k · at est.

---

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 +17.4/30.0
• ARV discount +7.6/15.0
• DSCR +5.4/10.0
• 1% rule +3.8/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Step into this beautifully updated home offering 1,692 sq ft of comfortable living space with a fresh, modern feel throughout. This 3 bedroom, 1 bath home has been thoughtfully refreshed with new luxury vinyl flooring, fresh interior paint, and a fully remodeled bathroom with clean, updated finishes. The kitchen features a bright, functional layout with white cabinetry and stainless steel appliances, opening into inviting living spaces filled with natural light. A standout feature is the spacious enclosed sunroom, perfect as a second living area, playroom, or entertaining space. Outside, enjoy a classic brick exterior, durable metal roof, updated windows, and a two-car covered parking area with a concrete driveway. The fenced backyard offers added privacy along with storage buildings for extra space and convenience. Located in the RB Wright School District, this home is positioned just a few houses down and across from the fire station and minutes from shopping, dining, and everyday essentials. Updated homes like this are rare in the Moultrie area and don't last long. Schedule your showing today.

Key facts

• Durable metal roof
• Updated windows
• Fenced backyard

Tags

• UPDATED BATHROOM
• SPACIOUS ENCLOSED SUNROOM
• CLASSIC BRICK EXTERIOR
• DURABLE METAL ROOF
• UPDATED WINDOWS
• FENCED BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $188k.

Deal economics

• At list price, monthly cash flow is $142 ($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 $165k (12.1% below list).
• Recommended offer: $165k (12.1% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 4.4% in Moultrie — 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 60/100 on livability (#374 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime F, commute F, employment F.
• Colquitt County (town): math 29% / reading 25% proficiency, ranked #117 of 174 in GA (top 67%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Wright Elementary School (math 62% / reading 47%, grade C, #185 of 1,228 statewide, top 16%, 521 students, 97% FRL); Willie J. Williams Middle School (math 25% / reading 24%, grade F, #301 of 470 statewide, top 66%, 1,369 students, 85% FRL); Colquitt County High School (math 50% / reading 18%, grade F, #98 of 424 statewide, top 23%, 1,787 students, 64% FRL).
• Market conditions: 139 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 94 units permitted in Colquitt County in 2024 (0 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.
• Colquitt County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($182k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $74k; list at $188k implies a 153% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $164,743 (12.1% below list)

Questions for the listing agent

1. It's been on market 47 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Crime grade is F 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?
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: 0.88% ✗
• Cap rate: 7.20%
• Cash-on-cash: 3.25%
• DSCR: 1.14
• GRM: 9.5

CMA / ARV

• ARV (median comp): $188,125
• List price: $187,500
• Delta: -0.33%
• 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
908 West Blvd	0.00mi	3/1.0	1,692 (0%)	1mo	$185,400	$110	99
125 Poplar Trl	0.42mi	3/2.0	1,680 (-1%)	14mo	$272,000	$162	64
129 Loblolly Rd	0.34mi	4/2.0 (+1)	1,659 (-2%)	10mo	$285,000	$172	63
905 Barbara Cir	0.13mi	3/2.0	1,438 (-15%)	2mo	$235,000	$163	63
1504 10th St St SW	0.21mi	3/2.0	1,509 (-11%)	11mo	$163,000	$108	59
304 Floral Dr	0.40mi	2/2.0 (-1)	1,676 (-1%)	14mo	$235,000	$140	59
912 West Blvd	0.03mi	4/4.0 (+1)	1,890 (+12%)	8mo	$257,000	$136	55
1008 Highland Blvd	0.61mi	3/2.0	1,560 (-8%)	2mo	$129,900	$83	53
300 Floral Dr	0.40mi	2/2.0 (-1)	1,524 (-10%)	14mo	$205,000	$135	44
1327 4th St SW	0.37mi	3/2.0	1,481 (-12%)	18mo	$225,000	$152	43
313 Floral Dr	0.40mi	2/2.0 (-1)	1,504 (-11%)	20mo	$227,000	$151	37
126 Poplar Trl	0.39mi	4/2.0 (+1)	1,877 (+11%)	23mo	$190,000	$101	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.2%
• Equity multiple: 0.59×
• Total profit: $-21,396
• Equity at exit: $27,957

10-year hold

• IRR: -2.0%
• Equity multiple: 0.86×
• Total profit: $-7,223
• Equity at exit: $16,212

Cash invested: $52,500 (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 31768

• Home prices YoY: -33.0%
• Active inventory: 139
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,647 medium
• Mortgage (P&I): −$983
• Tax from tax record: −$98 /mo · $1,177/yr
• Insurance: −$78
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $142

Break-even live

Break-even rent $1,468

Max offer price $187,500

Occupancy floor 86%

Sensitivity live

Price	-10% $248	-5% $195	+0% $142	+5% $89	+10% $36
Rent	-10% $12	-5% $77	+0% $142	+5% $207	+10% $272
Rate	-1.0pp $236	-0.5pp $190	base $142	+0.5pp $93	+1.0pp $44

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: $46,875
• Closing costs: $5,625
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
203 17th Ave SE Moultrie, GA	3.0	1.5	1815	$1,700	$0.94	22d	1	0.69mi
1059 Tallokas Pointe Rd Moultrie, GA	2.0	2.0	1067	$1,500	$1.41	45d	5	1.31mi

Listing history 3 events

1. 2026-04-12
   listed $187,500 Active 1113-char remark

   Show marketing remark (1113 chars)

   Step into this beautifully updated home offering 1,692 sq ft of comfortable living space with a fresh, modern feel throughout. This 3 bedroom, 1 bath home has been thoughtfully refreshed with new luxury vinyl flooring, fresh interior paint, and a fully remodeled bathroom with clean, updated finishes. The kitchen features a bright, functional layout with white cabinetry and stainless steel appliances, opening into inviting living spaces filled with natural light. A standout feature is the spacious enclosed sunroom, perfect as a second living area, playroom, or entertaining space. Outside, enjoy a classic brick exterior, durable metal roof, updated windows, and a two-car covered parking area with a concrete driveway. The fenced backyard offers added privacy along with storage buildings for extra space and convenience. Located in the RB Wright School District, this home is positioned just a few houses down and across from the fire station and minutes from shopping, dining, and everyday essentials. Updated homes like this are rare in the Moultrie area and don't last long. Schedule your showing today.

2. 2025-01-06
   soldstatus $74,000
3. 2022-11-29
   soldstatus $74,000

ⓘ 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: $1,177 · $98/mo
• Projected year-2 tax: $1,725 · $144/mo
• Expected delta: +$548/yr (+$46/mo · 46.6%)

ⓘ 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 7/10 Severe 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 7 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,769
• − Mortgage interest: −$10,503
• − Property taxes: −$1,177
• − Insurance: −$938
• − Repairs & maintenance: −$1,582
• − Management: −$1,582
• − Depreciation: −$5,455
• Taxable loss: −$1,465
• Est. tax savings @ 24.0%: +$352
• After-tax cash flow: $2,056/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: Colquitt County
• NCES district ID: 1301380
• Math proficiency: 29% ▼ -7.00%
• Reading proficiency: 25% ▼ -5.00%
• Median HH income: $32,950
• Composite: 22.11/100
• National rank: #8176
• State rank: #117 of 174 in GA

Livability — Moultrie

• Score: 60/100
• State rank: #374
• US rank: #18973

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Moultrie, GA
• Population (ZIP): 21,281

Population outlook (Colquitt County) Hauer SSP2

• Today (2025): 46,043 people
• By 2030: 45,757 · -0.6%
• By 2040: 44,929 · -2.4%
• By 2050: 43,901 · -4.7%
• By 2075: 40,831 · -11.3%
• By 2100: 37,986 · -17.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: White 51% Black 33% Hispanic / Latino 14% Two or more races 4% Native American 1%
• Hispanic origin (detail): Mexican 10% Puerto Rican 1% Cuban 2%
• Common ancestry: Serbian 1% Italian 1% Lithuanian 1%
• Foreign-born: 7% · Canada
• Languages at home: 86% English-only · Spanish 13% German/W. Germanic 1%

Political lean MEDSL · Colquitt

• 2024 margin: Solid R (+50.2) · D 24.8% · R 75.0%
• 2008→2024 swing: -12.6pp toward R · 2008: -37.6pp · 2024: -50.2pp
• All cycles: 2024: R+50.2 2020: R+47.2 2016: R+47.3 2012: R+39.6 2008: R+37.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -93.21%
• Current HPI: 188.988
• Rent YoY: —
• Metro: —
• 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

+153.4% since first listed

3 events — show timeline

• 2026-04-12 Listed $187,500 MBOR
• 2025-01-06 Sold (Public Records) $74,000 Public Records
• 2022-11-29 Sold (Public Records) $74,000 Public Records

Property tax history

+1.6%/yr

Latest (2025): $1,177 · -39.4% YoY. Source: county tax records.