68 Ellenore Dr · Auburn, GA 30620

$349,990

4 bd · 3.0 ba · 2,074 sqft · Other · 7 Days on market

Built 2026 7,753 sqft lot $71/mo HOA · 3% of rent

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Why this score? — see what drove the F 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 +7.5/15.0
• Cash flow +5.4/30.0
• Rent growth +3.9/5.0
• Livability +3.7/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• 1% rule +1.2/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Act now on the Astro at Casteel to receive limited-time incentive of a reduced price when you bring your own financing. Call for details! This 4-bedroom, 3-bath ranch home features a covered patio, open kitchen, and large family room, along with a private owner's suite with walk-in closet. The home comes complete with stainless steel appliances and a washer/dryer for added convenience. Enjoy community amenities including a pool, clubhouse, disc golf course, walking trails, pavilion with grills, bocce ball and cornhole courts, and a playground, all just minutes from schools, shopping, and dining.

Key facts

• Large family room
• Walk-in closet
• Covered patio

Tags

• COVERED PATIO
• OPEN KITCHEN
• LARGE FAMILY ROOM
• PRIVATE OWNER'S SUITE
• WALK-IN CLOSET
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Paved road access; Road frontage: Other; Green/energy-efficient features: energy-efficient appliances, water heater, and windows
• HOA & community: Homeowners association with annual fee of $850 (fee covers swim amenities); Community amenities include clubhouse, golf, lake, pool, playground, park, sidewalks, and proximity to schools and shopping

Exterior

• Parking: Attached garage with 4 garage spaces (4 total parking spaces)
• Utilities: Public water; Public sewer; Electric service with 110V and 220V in garage; Cable available; Phone service available; Underground utilities; Water available; Sewer available; Electricity available
• Home design: One-level (single story); New construction; Fee simple ownership
• Construction: Cement siding and concrete construction; Composition roof; Slab foundation
• Exterior features: Patio; Rain barrel / cistern(s)

Interior

• Kitchen: White cabinets; Kitchen island; Eat-in kitchen / breakfast room; Walk-in pantry; Stone countertops; Open view to family room; Microwave; Refrigerator; Dishwasher; Disposal
• Bedrooms: Four main-level bedrooms; In-law floorplan; primary suite on main level
• Flooring: Carpet
• Bathrooms: Three full bathrooms; Master bathroom with shower (no tub)
• Heating & cooling: Central heating and cooling; Electric heat and cooling components; Heat pump; Zoned HVAC
• Interior features: Entrance foyer; 9-ft ceilings on lower, main, and upper levels; Walk-in closets; Double-pane insulated windows; No shared/common walls
• Laundry & utility: Dedicated laundry room; Washer and dryer included; Electric water heater

🏗️ New construction. The $349,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $387,506.

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath other listed at $350k.

Deal economics

• At list price, monthly cash flow is $-836 ($-10k/yr) — negative.
• To cash-flow at today's rent, offer at most $314k (10.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $242k (30.8% below list).
• Recommended offer: $242k (30.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 74/100 on livability (#41 in GA, #4,693 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Barrow County (rural): math 29% / reading 34% proficiency, ranked #77 of 174 in GA (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Yargo Elementary School (math 34% / reading 34%, grade F, #554 of 1,228 statewide, top 46%, 896 students, 55% FRL); Haymon-Morris Middle School (math 30% / reading 34%, grade F, #229 of 470 statewide, top 49%, 809 students, 54% FRL); Apalachee High School (math 13% / reading 35%, grade F, #203 of 424 statewide, top 48%, 1,894 students, 49% FRL) — zoned schools at 53% FRL track the district average.
• Market conditions: Rents rising fast (+5.7%/yr); 218 active listings in the ZIP; 18 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; 1,427 units permitted in Barrow County in 2024 (311 in 5+ unit buildings).
• This rent runs 35% of the median local income ($84k/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 $12k of value loss. Plan a longer hold.
• Barrow County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Recommended offer $242,185 (30.8% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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: 0.62% ✗
• Cap rate: 3.70%
• Cash-on-cash: -9.24%
• DSCR: 0.59
• GRM: 13.3

CMA / ARV

• ARV (median comp): $387,506
• List price: $349,990
• Delta: 0.90%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.72% rent growth · sell at horizon

5-year hold

• IRR: -29.7%
• Equity multiple: -0.01×
• Total profit: $-109,131
• Equity at exit: $57,778

10-year hold

• IRR: -21.4%
• Equity multiple: -0.23×
• Total profit: $-133,700
• Equity at exit: $33,504

Cash invested: $108,502 (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 30620

• Home prices YoY: -17.5%
• Rents YoY: 5.7%
• Active inventory: 218
• Price-to-rent: 12.0×

Monthly cashflow live

• Estimated rent: $2,422 high
• Mortgage (P&I): −$2,032
• Tax est. 1.5%: −$484 /mo · $5,813/yr
• Insurance: −$161
• HOA: −$71
• Vacancy / Maint / Mgmt: −$509
• Net cashflow: $-836

Break-even live

Break-even rent $3,480

Max offer price $314,278

Occupancy floor —

Sensitivity live

Price	-10% $-195	-5% $-305	+0% $-836	+5% $-970	+10% $-1,104
Rent	-10% $-1,027	-5% $-931	+0% $-836	+5% $-740	+10% $-644
Rate	-1.0pp $-641	-0.5pp $-737	base $-836	+0.5pp $-936	+1.0pp $-1,038

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: $96,876
• Closing costs: $11,625
• Reserves months: —
• Total cash needed: —

Rent comps 18 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
93 Rowlett Pl Bethlehem, GA	4.0	2.5	2095	$2,149	$1.03	45d	1	0.08mi
73 Rowlett Pl Winder, GA	5.0	3.0	2722	$2,400	$0.88	0d	1	0.08mi
33 Rowlett Pl Bethlehem, GA	4.0	2.5	2095	$2,149	$1.03	45d	1	0.09mi
200 Otway Loop Bethlehem, GA	4.0	2.5	2095	$2,350	$1.12	20d	1	0.12mi
171 Galilee Ln Bethlehem, GA	4.0	3.0	2174	$2,400	$1.10	0d	1	0.26mi
1185 Wendy Way Winder, GA	4.0	3.0	2443	$2,445	$1.00	45d	1	0.57mi
136 Hargrave Ave Bethlehem, GA	4.0	3.0	2226	$2,055	$0.92	1d	1	0.59mi
1774 Miller Springs Dr Bethlehem, GA	3.0	2.0	1456	$1,900	$1.30	45d	1	0.61mi
1759 Miller Springs Dr Bethlehem, GA	4.0	2.5	2658	$2,090	$0.79	26d	1	0.72mi
116 Dolcetto Dr Winder, GA	2.0–4.0	2.5	1643	$2,613	$1.59	0d	27	0.90mi
320 Silverleaf Trl Bethlehem, GA	5.0	4.0	2801	$2,850	$1.02	45d	1	0.95mi
29 Alexander Ln Bethlehem, GA	4.0	3.0	2317	$2,265	$0.98	13d	1	1.00mi
17 Apalachee Dr Bethlehem, GA	3.0	2.0	1813	$2,166	$1.19	1d	1	1.07mi
364 Alexander Ln Bethlehem, GA	4.0	2.5	1928	$1,866	$0.97	45d	1	1.07mi
3527 Lebella Ln Bethlehem, GA	5.0	3.0	2536	$2,341	$0.92	1d	1	1.11mi
1942 Hudson Dr Bethlehem, GA	4.0	2.5	2406	$2,029	$0.84	4d	1	1.13mi
705 Evergreen Rd Winder, GA	4.0	2.5	1821	$2,250	$1.24	20d	1	1.23mi
954 Evergreen Rd Winder, GA	5.0	2.5	2178	$2,300	$1.06	20d	1	1.36mi

HOA detail

• Monthly dues: $71 · $852/yr
• Likely covers: pool

Listing history 22 events

1. 2026-06-21
   statusdays on market $349,990 Pending 7 DOM
2. 2026-06-18
   days on market $349,990 Active 6 DOM
3. 2026-06-17
   days on market $349,990 Active 5 DOM
4. 2026-06-16
   days on market $349,990 Active 4 DOM
5. 2026-06-15
   days on market $349,990 Active 3 DOM
6. 2026-06-13
   remarks 602-char remark
7. 2026-06-13
   pricedays on marketlisting id $349,990 Active 1 DOM
8. 2026-06-09
   pricedays on market $396,000 Active 46 DOM
9. 2026-06-08
   days on market $391,000 Active 45 DOM
10. 2026-06-07
    days on market $391,000 Active 44 DOM
11. 2026-06-04
    days on market $391,000 Active 41 DOM
12. 2026-06-03
    days on market $391,000 Active 40 DOM
13. 2026-06-02
    days on market $391,000 Active 39 DOM
14. 2026-06-01
    days on market $391,000 Active 38 DOM
15. 2026-05-31
    days on market $391,000 Active 37 DOM
16. 2026-05-16
    price $386,000 512-char remark
17. 2026-05-08
    price $406,000 512-char remark
18. 2026-05-06
    price $386,000 512-char remark
19. 2026-05-06
    price $406,000 512-char remark
20. 2026-05-06
    price $386,000 512-char remark
21. 2026-04-24
    listed $406,000 Active 512-char remark
22. 2025-12-02
    soldstatus $1,790,976

ⓘ 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: $758 · $63/mo
• Projected year-2 tax: $3,220 · $268/mo
• Expected delta: +$2,461/yr (+$205/mo · 324.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $29,062
• − Mortgage interest: −$21,706
• − Property taxes: −$5,813
• − Insurance: −$1,938
• − Repairs & maintenance: −$2,325
• − Management: −$2,325
• − HOA: −$852
• − Depreciation: −$11,273
• Taxable loss: −$17,169
• Est. tax savings @ 24.0%: +$4,121
• After-tax cash flow: $-5,908/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: Barrow County
• NCES district ID: 1300290
• Math proficiency: 29% ▼ -14.00%
• Reading proficiency: 34% ▼ -10.00%
• Median HH income: $52,082
• Composite: 27.63/100
• National rank: #6921
• State rank: #77 of 174 in GA

Livability — Auburn

• Score: 74/100
• State rank: #41
• US rank: #4693

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Barrow County · 133,377 people
• City population: 21,624
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 18,139
• Household income: $84,098
• Rent vs Own: 22.3% rent · 77.7% own
• Severe rent burden: 299.0

Population outlook (Barrow County) Hauer SSP2

• Today (2025): 86,670 people
• By 2030: 92,039 · +6.2%
• By 2040: 101,992 · +17.7%
• By 2050: 110,075 · +27.0%
• By 2075: 124,017 · +43.1%
• By 2100: 127,579 · +47.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 52% Hispanic / Latino 22% Black 20% Two or more races 10% Asian 2% Native American 2%
• Hispanic origin (detail): Mexican 10% Puerto Rican 5%
• Common ancestry: Romanian 3% Italian 3% Slovak 1%
• Foreign-born: 11% · Canada
• Languages at home: 78% English-only · Spanish 16% French/Haitian/Cajun 1% Other Indo-European 1%

Political lean MEDSL · Barrow

• 2024 margin: Solid R (+40.5) · D 29.5% · R 70.0%
• 2008→2024 swing: +4.1pp toward D · 2008: -44.6pp · 2024: -40.5pp
• All cycles: 2024: R+40.5 2020: R+43.1 2016: R+50.4 2012: R+50.5 2008: R+44.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.00%
• Current HPI: 212.0089
• Rent YoY: ▲ 5.72%
• 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

-80.5% since first listed

5 events — show timeline

• 2026-06-19 Pending — GAMLS
• 2026-06-19 Pending — FMLS
• 2026-06-12 Listed $349,990 FMLS
• 2026-06-12 Listed $349,990 GAMLS
• 2025-12-02 Sold (Public Records) $1,790,976 Public Records