675 Lakeridge Dr · Conyers, GA 30094

$224,900

3 bd · 2.0 ba · 984 sqft · SingleFamily public records · 41 Days on market

Built 1980 0.27 ac lot $229/sqft · 7% above area Est $245k · 8% 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 +15.8/30.0
• ARV discount +11.2/15.0
• DSCR +4.9/10.0
• 1% rule +4.2/10.0
• Rent growth +3.5/5.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Perfect Home in Fabulous Neighborhood. This house has been completely updated, inside and out. New Concrete Hardi Siding, New Double Hung Double pane Windows, New Central HVAC, New Kitchen Cabinets Features Island with Breakfast Bar, Granite Tops and Stainless Appliances, New Water Heater, Patio Door, Privacy Fence encloses your spacious backyard. New Luxury Vinyl Plank Flooring through out. Walk to Neighborhood Lake, schools and shopping are 5-10 min drive. Conveniently located near I-20 but you feel worlds away from it all in this home and neighborhood. Perfect home for investors who want cash flow or first time buyers. NO HOA, No Rental Restrictions House is much more spacious inside than it appears...

Key facts

• Central hvac
• Spacious backyard
• Granite tops

Tags

• CONCRETE HARDI SIDING
• CENTRAL HVAC
• GRANITE TOPS
• STAINLESS APPLIANCES
• PRIVACY FENCE
• SPACIOUS BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $105 ($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 $207k (7.9% below list).
• Recommended offer: $207k (7.9% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 4.4% in Conyers — 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 67/100 on livability (#167 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime D, amenities D.
• Rockdale County (suburban): math 14% / reading 29% proficiency, ranked #136 of 174 in GA (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+4.2%/yr); 390 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 483 units permitted in Rockdale County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Rockdale County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($218k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 4y ago; this cycle's ask is 13137% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $207,146 (7.9% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 0.92% ✗
• Cap rate: 6.85%
• Cash-on-cash: 1.99%
• DSCR: 1.09
• GRM: 9.0

CMA / ARV

• ARV (median comp): $245,288
• List price: $224,900
• Delta: -8.31%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3003 Landmark Dr	0.17mi	3/2.0	990 (+1%)	14mo	$230,000	$232	79
615 Lakeridge Cir SE	0.14mi	3/2.0	1,086 (+10%)	22mo	$200,000	$184	58
2999 Raintree Dr SE	0.38mi	3/1.5	1,118 (+14%)	13mo	$190,000	$170	46
3154 Goode Rd	0.43mi	2/2.0 (-1)	1,104 (+12%)	23mo	$214,900	$195	35

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 · 4.16% rent growth · sell at horizon

5-year hold

• IRR: -11.8%
• Equity multiple: 0.57×
• Total profit: $-27,320
• Equity at exit: $33,533

10-year hold

• IRR: -1.1%
• Equity multiple: 0.92×
• Total profit: $-4,866
• Equity at exit: $19,445

Cash invested: $62,972 (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 30094

• Rents YoY: 4.2%
• Active inventory: 390
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,071 medium
• Mortgage (P&I): −$1,179
• Tax from tax record: −$259 /mo · $3,105/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $105

Break-even live

Break-even rent $1,939

Max offer price $224,900

Occupancy floor 90%

Sensitivity live

Price	-10% $232	-5% $168	+0% $105	+5% $41	+10% $-23
Rent	-10% $-59	-5% $23	+0% $105	+5% $186	+10% $268
Rate	-1.0pp $218	-0.5pp $162	base $105	+0.5pp $46	+1.0pp $-13

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: $56,225
• Closing costs: $6,747
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
612 Ralph Rd SE Conyers, GA	3.0	2.0	1032	$1,681	$1.63	6d	1	0.24mi
2365 Highway 20 SE Conyers, GA	1.0–2.0	1.0–2.0	984	$1,730	$1.76	0d	9	1.20mi

Listing history 34 events

1. 2026-06-21
   days on market $224,900 Active 41 DOM
2. 2026-06-18
   days on market $224,900 Active 38 DOM
3. 2026-06-17
   days on market $224,900 Active 37 DOM
4. 2026-06-16
   days on market $224,900 Active 36 DOM
5. 2026-06-15
   days on market $224,900 Active 35 DOM
6. 2026-06-13
   days on market $224,900 Active 33 DOM
7. 2026-06-09
   days on market $224,900 Active 29 DOM
8. 2026-06-08
   days on market $224,900 Active 28 DOM
9. 2026-06-07
   days on market $224,900 Active 27 DOM
10. 2026-06-04
    days on market $224,900 Active 24 DOM
11. 2026-06-03
    days on market $224,900 Active 23 DOM
12. 2026-06-02
    days on market $224,900 Active 22 DOM
13. 2026-06-01
    days on market $224,900 Active 21 DOM
14. 2026-05-31
    days on market $224,900 Active 20 DOM
15. 2024-12-08
    historical $1,699
16. 2024-11-28
    listed $1,699
17. 2023-08-04
    historical $1,650
18. 2023-07-29
    listed $1,650
19. 2023-07-10
    soldstatus $245,000
20. 2023-07-06
    soldstatus $245,000 Sold 717-char remark

    Show marketing remark (717 chars)

    Perfect Home in Fabulous Neighborhood. This house has been completely updated, inside and out. New Concrete Hardi Siding, New Double Hung Double pane Windows, New Central HVAC, New Kitchen Cabinets Features Island with Breakfast Bar, Granite Tops and Stainless Appliances, New Water Heater, Patio Door, Privacy Fence encloses your spacious backyard. New Luxury Vinyl Plank Flooring through out. Walk to Neighborhood Lake, schools and shopping are 5-10 min drive. Conveniently located near I-20 but you feel worlds away from it all in this home and neighborhood. Perfect home for investors who want cash flow or first time buyers. NO HOA, No Rental Restrictions House is much more spacious inside than it appears...

21. 2023-06-17
    historical Active Under Contract 717-char remark

    Show marketing remark (717 chars)

    Perfect Home in Fabulous Neighborhood. This house has been completely updated, inside and out. New Concrete Hardi Siding, New Double Hung Double pane Windows, New Central HVAC, New Kitchen Cabinets Features Island with Breakfast Bar, Granite Tops and Stainless Appliances, New Water Heater, Patio Door, Privacy Fence encloses your spacious backyard. New Luxury Vinyl Plank Flooring through out. Walk to Neighborhood Lake, schools and shopping are 5-10 min drive. Conveniently located near I-20 but you feel worlds away from it all in this home and neighborhood. Perfect home for investors who want cash flow or first time buyers. NO HOA, No Rental Restrictions House is much more spacious inside than it appears...

22. 2023-04-24
    soldstatus $131,000
23. 2023-04-14
    soldstatus $131,000 Sold 758-char remark

    Show marketing remark (758 chars)

    This fixer upper is in a great location! Located in Lakeridge subdivision, this community is a short drive to all three schools in its district and has a community lake that the residents' fish in. Highway 138 is also just right around the corner. The house has a front porch that has quick access to the carport. The carport has a storage room where the hot water heater is located. There is a back patio area and backyard. There is a shed out back, but it has extensive damage. The master bathroom needs to be gutted and re-done. There is some exterior work needed as well (See Pictures). Carpets in the bedrooms needs to be replaced and walls painted. The home is currently owner occupied and is being sold AS IS, NO repairs are being made by the seller.

24. 2023-04-14
    soldstatus $131,000 Closed

    Show marketing remark (758 chars)

    This fixer upper is in a great location! Located in Lakeridge subdivision, this community is a short drive to all three schools in its district and has a community lake that the residents' fish in. Highway 138 is also just right around the corner. The house has a front porch that has quick access to the carport. The carport has a storage room where the hot water heater is located. There is a back patio area and backyard. There is a shed out back, but it has extensive damage. The master bathroom needs to be gutted and re-done. There is some exterior work needed as well (See Pictures). Carpets in the bedrooms needs to be replaced and walls painted. The home is currently owner occupied and is being sold AS IS, NO repairs are being made by the seller.

25. 2023-02-14
    status Under Contract 758-char remark

    Show marketing remark (758 chars)

    This fixer upper is in a great location! Located in Lakeridge subdivision, this community is a short drive to all three schools in its district and has a community lake that the residents' fish in. Highway 138 is also just right around the corner. The house has a front porch that has quick access to the carport. The carport has a storage room where the hot water heater is located. There is a back patio area and backyard. There is a shed out back, but it has extensive damage. The master bathroom needs to be gutted and re-done. There is some exterior work needed as well (See Pictures). Carpets in the bedrooms needs to be replaced and walls painted. The home is currently owner occupied and is being sold AS IS, NO repairs are being made by the seller.

26. 2023-01-03
    historical Active Under Contract 758-char remark

    Show marketing remark (758 chars)

    This fixer upper is in a great location! Located in Lakeridge subdivision, this community is a short drive to all three schools in its district and has a community lake that the residents' fish in. Highway 138 is also just right around the corner. The house has a front porch that has quick access to the carport. The carport has a storage room where the hot water heater is located. There is a back patio area and backyard. There is a shed out back, but it has extensive damage. The master bathroom needs to be gutted and re-done. There is some exterior work needed as well (See Pictures). Carpets in the bedrooms needs to be replaced and walls painted. The home is currently owner occupied and is being sold AS IS, NO repairs are being made by the seller.

27. 2022-12-17
    historical Active Under Contract
28. 2022-12-10
    price $149,999
29. 2022-11-05
    listed $159,999 New 758-char remark

    Show marketing remark (758 chars)

    This fixer upper is in a great location! Located in Lakeridge subdivision, this community is a short drive to all three schools in its district and has a community lake that the residents' fish in. Highway 138 is also just right around the corner. The house has a front porch that has quick access to the carport. The carport has a storage room where the hot water heater is located. There is a back patio area and backyard. There is a shed out back, but it has extensive damage. The master bathroom needs to be gutted and re-done. There is some exterior work needed as well (See Pictures). Carpets in the bedrooms needs to be replaced and walls painted. The home is currently owner occupied and is being sold AS IS, NO repairs are being made by the seller.

30. 2022-11-05
    listed $159,999 Active

    Show marketing remark (758 chars)

    This fixer upper is in a great location! Located in Lakeridge subdivision, this community is a short drive to all three schools in its district and has a community lake that the residents' fish in. Highway 138 is also just right around the corner. The house has a front porch that has quick access to the carport. The carport has a storage room where the hot water heater is located. There is a back patio area and backyard. There is a shed out back, but it has extensive damage. The master bathroom needs to be gutted and re-done. There is some exterior work needed as well (See Pictures). Carpets in the bedrooms needs to be replaced and walls painted. The home is currently owner occupied and is being sold AS IS, NO repairs are being made by the seller.

31. 2022-11-03
    listed $255,000 New 717-char remark

    Show marketing remark (717 chars)

    Perfect Home in Fabulous Neighborhood. This house has been completely updated, inside and out. New Concrete Hardi Siding, New Double Hung Double pane Windows, New Central HVAC, New Kitchen Cabinets Features Island with Breakfast Bar, Granite Tops and Stainless Appliances, New Water Heater, Patio Door, Privacy Fence encloses your spacious backyard. New Luxury Vinyl Plank Flooring through out. Walk to Neighborhood Lake, schools and shopping are 5-10 min drive. Conveniently located near I-20 but you feel worlds away from it all in this home and neighborhood. Perfect home for investors who want cash flow or first time buyers. NO HOA, No Rental Restrictions House is much more spacious inside than it appears...

32. 2022-11-03
    listed $224,900 New

    Show marketing remark (717 chars)

    Perfect Home in Fabulous Neighborhood. This house has been completely updated, inside and out. New Concrete Hardi Siding, New Double Hung Double pane Windows, New Central HVAC, New Kitchen Cabinets Features Island with Breakfast Bar, Granite Tops and Stainless Appliances, New Water Heater, Patio Door, Privacy Fence encloses your spacious backyard. New Luxury Vinyl Plank Flooring through out. Walk to Neighborhood Lake, schools and shopping are 5-10 min drive. Conveniently located near I-20 but you feel worlds away from it all in this home and neighborhood. Perfect home for investors who want cash flow or first time buyers. NO HOA, No Rental Restrictions House is much more spacious inside than it appears...

33. 1988-09-28
    soldstatus $54,900
34. 1984-10-03
    soldstatus $43,600

ⓘ 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: $3,105 · $259/mo
• Projected year-2 tax: $3,105 · $259/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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,858
• − Mortgage interest: −$12,598
• − Property taxes: −$3,105
• − Insurance: −$1,124
• − Repairs & maintenance: −$1,989
• − Management: −$1,989
• − Depreciation: −$6,543
• Taxable loss: −$2,490
• Est. tax savings @ 24.0%: +$598
• After-tax cash flow: $1,853/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: Rockdale County
• NCES district ID: 1304410
• Math proficiency: 14% ▼ -17.00%
• Reading proficiency: 29% ▼ -11.00%
• Median HH income: $53,325
• Composite: 19.42/100
• National rank: #8776
• State rank: #136 of 174 in GA

Livability — Conyers

• Score: 67/100
• State rank: #167
• US rank: #10533

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Rockdale County · 96,534 people
• City population: 96,534
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 33,731
• Household income: $88,530
• Rent vs Own: 20.5% rent · 79.5% own
• Severe rent burden: 549.0

Population outlook (Rockdale County) Hauer SSP2

• Today (2025): 99,145 people
• By 2030: 104,558 · +5.5%
• By 2040: 116,100 · +17.1%
• By 2050: 127,827 · +28.9%
• By 2075: 159,113 · +60.5%
• By 2100: 181,178 · +82.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Black 56% White 29% Two or more races 9% Hispanic / Latino 7% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 1%
• Common ancestry: Hispanic 1% Serbian 1% Slovak 1%
• Foreign-born: 7% · Canada
• Languages at home: 91% English-only · Spanish 5% French/Haitian/Cajun 1%

Political lean MEDSL · Rockdale

• 2024 margin: Solid D (+47.5) · D 73.4% · R 25.9%
• 2008→2024 swing: +37.9pp toward D · 2008: 9.6pp · 2024: 47.5pp
• All cycles: 2024: D+47.5 2020: D+40.8 2016: D+25.9 2012: D+16.4 2008: D+9.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -168.06%
• Current HPI: 205.627
• Rent YoY: ▲ 4.16%
• 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

-96.1% since first listed

20 events — show timeline

• 2024-12-08 Rental Removed $1,699 TURBOTENANT
• 2024-11-28 Listed for Rent $1,699 TURBOTENANT
• 2023-08-04 Rental Removed $1,650 APPFOLIO
• 2023-07-29 Listed for Rent $1,650 APPFOLIO
• 2023-07-10 Sold (Public Records) $245,000 Public Records
• 2023-07-06 Sold (MLS) $245,000 GAMLS
• 2023-06-17 Contingent — GAMLS
• 2023-04-24 Sold (Public Records) $131,000 Public Records
• 2023-04-14 Sold (MLS) $131,000 FMLS
• 2023-04-14 Sold (MLS) $131,000 GAMLS
• 2023-02-14 Pending — GAMLS
• 2023-01-03 Contingent — GAMLS
• 2022-12-17 Contingent — FMLS
• 2022-12-10 Price Changed $149,999 FMLS
• 2022-11-05 Listed $159,999 FMLS
• 2022-11-05 Listed $159,999 GAMLS
• 2022-11-03 Listed $224,900 GAMLS
• 2022-11-03 Listed $255,000 GAMLS
• 1988-09-28 Sold (Public Records) $54,900 Public Records
• 1984-10-03 Sold (Public Records) $43,600 Public Records

Property tax history

+12.4%/yr

Latest (2025): $3,105 · +9.2% YoY. Source: county tax records.