939 Pembrook Dr · Columbus, GA 31907

$129,900

4 bd · 2.0 ba · 1,375 sqft · MultiFamily public records · 239 Days on market

Built 1967 7,500 sqft lot $94/sqft · 64% above area

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Why this score? — see what drove the B- 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.3/10.0
• ARV discount +7.5/15.0
• Rent growth +3.7/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Great investment opportunity with two occupied units. Each unit has two bedrooms and a bathroom. The stoves and refrigerators to stay. Roof is two years old. Water heater in one unit is two years old.

Key facts

• 7,500 sq ft lot
• Listed 239 days

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $130k.

Deal economics

• At list price, monthly cash flow is $567 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.5% vs local median 4.7% in Columbus — 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 64/100 on livability (#254 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety B; Watch: amenities D+, schools F, crime F.
• Muscogee County (urban): math 21% / reading 30% proficiency, ranked #120 of 174 in GA (top 69%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 61% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.8%/yr); 256 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 291 units permitted in Muscogee County in 2024 (30 in 5+ unit buildings).
• This rent runs 41% of the median local income ($54k/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 $898 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Muscogee County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 4.8% rent growth), your $36k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 239 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 6y 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 $68k; list at $130k implies a 92% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 76% 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 $114,312 (12.0% below list)

Questions for the listing agent

1. It's been on market 239 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 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.43% ✓
• Cap rate: 11.53%
• Cash-on-cash: 18.71%
• DSCR: 1.83
• GRM: 5.8

CMA / ARV

• ARV (median comp): $79,288
• List price: $129,900
• Delta: 63.83%
• Verdict: OVERPRICED
• Comps: 11 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.82% rent growth · sell at horizon

5-year hold

• IRR: 12.5%
• Equity multiple: 1.51×
• Total profit: $18,546
• Equity at exit: $19,369

10-year hold

• IRR: 22.8%
• Equity multiple: 3.13×
• Total profit: $77,468
• Equity at exit: $11,231

Cash invested: $36,372 (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 31907

• Rents YoY: 4.8%
• Active inventory: 256
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $1,852 medium
• Mortgage (P&I): −$681
• Tax from tax record: −$161 /mo · $1,928/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$389
• Net cashflow: $567

Break-even live

Break-even rent $1,134

Max offer price $129,900

Occupancy floor 64%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$1,852
Total (2 units)			$1,852

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
920 Rosewood Dr Columbus, GA	4.0	1.0	1325	$1,350	$1.02	20d	1	0.36mi
3911 Steam Mill Rd Columbus, GA	1.0–3.0	1.0–2.0	959	$1,200	$1.25	13d	12	0.48mi
3503 Ruben St Columbus, GA	4.0	1.0	1054	$1,100	$1.04	13d	1	0.61mi
3775 Steam Mill Rd Columbus, GA	3.0	2.0	1613	$2,100	$1.30	43d	1	0.62mi
800 Goodson Dr Columbus, GA	4.0	1.0	1012	$1,225	$1.21	20d	1	0.73mi
3309 10th St Columbus, GA	3.0	1.0	1080	$950	$0.88	43d	1	0.84mi
1507 Celia Dr Columbus, GA	3.0	1.0	1000	$1,050	$1.05	13d	1	0.86mi
1537 Celia Dr Columbus, GA	3.0	1.0	1139	$975	$0.86	20d	1	0.89mi
1400 Boxwood Blvd Columbus, GA	2.0–3.0	2.0	1262	$1,355	$1.07	13d	6	0.89mi
3128 Carver St Columbus, GA	3.0	1.0	988	$925	$0.94	20d	1	0.96mi
3128 Carver St Columbus, GA	3.0	1.0	988	$1,000	$1.01	43d	1	0.96mi
3122 Baldwin St Columbus, GA	5.0	2.0	1780	$1,500	$0.84	20d	1	1.00mi
527 Englewood Dr Columbus, GA	3.0	2.0	1469	$1,450	$0.99	13d	1	1.01mi
441 Braselman Ave Columbus, GA	3.0	1.5	1150	$1,250	$1.09	43d	1	1.03mi
1719 Celia Dr Columbus, GA	3.0	2.0	1249	$1,100	$0.88	43d	1	1.03mi
1917 Watkins Dr Columbus, GA	3.0	1.0	1323	$1,200	$0.91	43d	1	1.08mi
3552 Irwin Way Columbus, GA	4.0	2.0	1536	$1,725	$1.12	13d	1	1.12mi
2944 10th St Columbus, GA	3.0	1.0	1550	$925	$0.60	13d	1	1.14mi
1519 Baker St Columbus, GA	3.0	1.0	1088	$1,150	$1.06	20d	1	1.20mi
1502 Baker St Columbus, GA	4.0	2.5	1225	$1,300	$1.06	13d	1	1.21mi
4970 Gardiner Dr Columbus, GA	3.0	2.0	1412	$1,400	$0.99	43d	1	1.30mi
4135 Forrest Rd Columbus, GA	3.0	2.0	912	$1,375	$1.51	13d	1	1.31mi
2834 Mimosa St Columbus, GA	3.0	1.5	1257	$1,100	$0.88	43d	1	1.34mi
2801 Fern St Columbus, GA	3.0	1.0	1100	$975	$0.89	43d	1	1.38mi
2750 Mimosa St Columbus, GA	3.0	1.5	1357	$1,250	$0.92	13d	1	1.38mi
407 Ocean Ave Columbus, GA	3.0	2.0	1319	$1,595	$1.21	43d	1	1.40mi
2728 9th St Columbus, GA	3.0	1.0	880	$865	$0.98	43d	1	1.40mi
4832 Wellborn Dr Columbus, GA	3.0	2.0	1000	$1,300	$1.30	13d	1	1.43mi
4313 Sims St Columbus, GA	4.0	1.5	1309	$1,400	$1.07	13d	1	1.44mi
4265 Adams St Columbus, GA	3.0	1.0	1054	$995	$0.94	43d	1	1.45mi
419 Mount Pleasant Dr Columbus, GA	3.0	1.5	1225	$950	$0.78	13d	1	1.47mi
564 Chesterfield Ave Columbus, GA	3.0	2.0	1230	$1,100	$0.89	20d	1	1.49mi

Listing history 22 events

1. 2026-06-18
   days on market $129,900 Active 239 DOM
2. 2026-06-17
   days on market $129,900 Active 238 DOM
3. 2026-06-16
   days on market $129,900 Active 237 DOM
4. 2026-06-15
   days on market $129,900 Active 236 DOM
5. 2026-06-14
   days on market $129,900 Active 234 DOM
6. 2026-06-13
   days on market $129,900 Active 233 DOM
7. 2026-06-10
   days on market $129,900 Active 231 DOM
8. 2026-06-09
   days on market $129,900 Active 230 DOM
9. 2026-06-08
   days on market $129,900 Active 229 DOM
10. 2026-06-07
    days on market $129,900 Active 228 DOM
11. 2026-06-05
    days on market $129,900 Active 225 DOM
12. 2026-06-03
    days on market $129,900 Active 224 DOM
13. 2026-06-02
    days on market $129,900 Active 223 DOM
14. 2026-06-01
    days on market $129,900 Active 222 DOM
15. 2026-05-31
    days on market $129,900 Active 221 DOM
16. 2026-05-30
    days on market $129,900 Active 220 DOM
17. 2025-10-22
    listed $129,900 Active 200-char remark

    Show marketing remark (200 chars)

    Great investment opportunity with two occupied units. Each unit has two bedrooms and a bathroom. The stoves and refrigerators to stay. Roof is two years old. Water heater in one unit is two years old.

18. 2022-04-14
    price $695
19. 2020-07-14
    soldstatus $67,800
20. 2020-07-13
    soldstatus $67,750 290-char remark

    Show marketing remark (290 chars)

    Gross Rent $990 per month. Great cash flow property. Two wonderful long term tenants. New one year leases on unit 1 as of 5/14/2020. Each unit is 2/1. Unit 1 has been freshly updated with new carpet, paint and repairs. The building is all brick with attached exterior storage/laundry rooms.

21. 2020-05-14
    listed $69,500 290-char remark

    Show marketing remark (290 chars)

    Gross Rent $990 per month. Great cash flow property. Two wonderful long term tenants. New one year leases on unit 1 as of 5/14/2020. Each unit is 2/1. Unit 1 has been freshly updated with new carpet, paint and repairs. The building is all brick with attached exterior storage/laundry rooms.

22. 2017-08-31
    soldstatus $55,000

ⓘ 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: $1,928 · $161/mo
• Projected year-2 tax: $1,928 · $161/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 8/10 Severe 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 76% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,224
• − Mortgage interest: −$7,276
• − Property taxes: −$1,928
• − Insurance: −$650
• − Repairs & maintenance: −$1,778
• − Management: −$1,778
• − Depreciation: −$3,779
• Taxable income: $5,035
• Est. tax owed @ 24.0%: −$1,208
• After-tax cash flow: $5,596/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: Muscogee County
• NCES district ID: 1303870
• Math proficiency: 21% ▼ -11.00%
• Reading proficiency: 30% ▼ -7.00%
• Median HH income: $41,176
• Composite: 21.6/100
• National rank: #8297
• State rank: #120 of 174 in GA

Livability — Columbus

• Score: 64/100
• State rank: #254
• US rank: #14102

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Columbus, GA
• County: Muscogee County · 180,764 people
• City population: 180,764
• Metro: Columbus, GA-AL
• Population (ZIP): 59,110
• Household income: $54,453
• Rent vs Own: 42.2% rent · 57.8% own
• Severe rent burden: 2138.0

Population outlook (Muscogee County) Hauer SSP2

• Today (2025): 216,729 people
• By 2030: 224,504 · +3.6%
• By 2040: 238,318 · +10.0%
• By 2050: 249,027 · +14.9%
• By 2075: 264,862 · +22.2%
• By 2100: 254,786 · +17.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (64%)
• Race & ethnicity: Black 64% White 22% Two or more races 8% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Italian 1% Slovak 1%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 3%

Political lean MEDSL · Muscogee

• 2024 margin: Strong D (+23.4) · D 61.4% · R 38.0%
• 2008→2024 swing: +3.7pp toward D · 2008: 19.7pp · 2024: 23.4pp
• All cycles: 2024: D+23.4 2020: D+24.0 2016: D+18.6 2012: D+21.3 2008: D+19.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -125.88%
• Current HPI: 151.74
• Rent YoY: ▲ 4.82%
• Metro: Columbus, GA-AL
• 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

+136.2% since first listed

6 events — show timeline

• 2025-10-22 Listed $129,900 CBOR
• 2022-04-14 Price Changed $695 RENT.
• 2020-07-14 Sold (Public Records) $67,800 Public Records
• 2020-07-13 Sold (MLS) $67,750 CBOR
• 2020-05-14 Listed $69,500 CBOR
• 2017-08-31 Sold (Public Records) $55,000 Public Records

Property tax history

+8.8%/yr

Latest (2025): $1,928 · +0.0% YoY. Source: county tax records.