208 Manors Mill Rd · Dallas, GA 30157

$175,000

3 bd · 1.5 ba · 1,344 sqft · Manufactured public records · 151 Days on market

Built 1980 3.60 ac lot $130/sqft · 38% below area Est $282k · 38% under

---

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 +28.4/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +6.8/10.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

HERE'S A RARE AND UNIQUE OPPORTUNITY to purchase 2 homes on a total of 4.1 acres in the country just a short drive from historic Dallas, GA! NOTE: THIS PROPERTY MUST BE SOLD WITH 244 MANORS MILL ROAD - GAMLS# 10674747 This home is NOT on a permanent block foundation. This property SHARES a well with 244 Manors Mill Road. 3 bedroom, 2 bath home with a large level yard perfect for your kids or animals! This home has been vacant for a long time and needs some work to bring it back up to par. There is a detached metal carport canopy in the side yard. Do you need room to park your RV? There's plenty of room here to bring your RV, boats, trailers, toys, etc.! Come on out and experience some peace and quiet away from the hustle and bustle of town. If you have been looking for a property that offers 2 homes located close (but not too close!) to each other on some land - maybe so your parents or your children can live close by - you need to check this one out! You could have your own small family compound in a quiet, private setting. It is my understanding that this property would have to be purchased with cash. The asking price of both properties sold together is $385,000. Accuracy of all information deemed reliable but not guaranteed and should be verified by interested parties.

Key facts

• Large level yard
• Shares a well
• 4.1 acres

Tags

• 4.1 ACRES
• DETACHED METAL CARPORT CANOPY
• LARGE LEVEL YARD
• SHARES A WELL

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath manufactured listed at $175k.

Deal economics

• At list price, monthly cash flow is $568 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $154k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.2% vs local median 4.2% in Dallas — 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 66/100 on livability (#192 in GA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, schools D, amenities F.
• Paulding County (suburban): math 39% / reading 42% proficiency, ranked #33 of 174 in GA (top 19%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents soft (-2.8%/yr); 598 active listings in the ZIP; solid renter incomes; 1,458 units permitted in Paulding 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 $5k of value loss. Plan a longer hold.
• Paulding County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 151 days — a 12% lower offer ($154k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $18k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 25% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 151 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
6. 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.
7. 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: 1.18% ✓
• Cap rate: 10.19%
• Cash-on-cash: 13.92%
• DSCR: 1.62
• GRM: 7.1

CMA / ARV

• ARV (median comp): $281,881
• List price: $175,000
• Delta: -37.92%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 1.0%
• Equity multiple: 1.04×
• Total profit: $1,742
• Equity at exit: $26,093

10-year hold

• IRR: 7.6%
• Equity multiple: 1.50×
• Total profit: $24,563
• Equity at exit: $15,131

Cash invested: $49,000 (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 30157

• Home prices YoY: -9.4%
• Rents YoY: -2.8%
• Active inventory: 598
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $2,057 medium
• Mortgage (P&I): −$918
• Tax from tax record: −$66 /mo · $797/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $568

Break-even live

Break-even rent $1,338

Max offer price $175,000

Occupancy floor 67%

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $175,000 Active 151 DOM
2. 2026-06-17
   days on market $175,000 Active 150 DOM
3. 2026-06-16
   days on market $175,000 Active 149 DOM
4. 2026-06-15
   days on market $175,000 Active 148 DOM
5. 2026-06-13
   days on market $175,000 Active 146 DOM
6. 2026-06-13
   days on market $175,000 Active 145 DOM
7. 2026-06-09
   days on market $175,000 Active 142 DOM
8. 2026-06-08
   days on market $175,000 Active 141 DOM
9. 2026-06-07
   days on market $175,000 Active 140 DOM
10. 2026-06-04
    days on market $175,000 Active 137 DOM
11. 2026-06-03
    days on market $175,000 Active 136 DOM
12. 2026-06-02
    days on market $175,000 Active 135 DOM
13. 2026-06-01
    days on market $175,000 Active 134 DOM
14. 2026-05-31
    days on market $175,000 Active 133 DOM
15. 2026-01-12
    listed $192,500 New 1292-char remark

    Show marketing remark (1291 chars)

    HERE'S A RARE AND UNIQUE OPPORTUNITY to purchase 2 homes on a total of 4.1 acres in the country just a short drive from historic Dallas, GA! NOTE: THIS PROPERTY MUST BE SOLD WITH 244 MANORS MILL ROAD - FMLS# 7704343. This home is NOT on a permanent block foundation. This property SHARES a well with 244 Manors Mill Road. 3 bedroom, 2 bath home with a large level yard perfect for your kids or animals! This home has been vacant for a long time and needs some work to bring it back up to par. There is a detached metal carport canopy in the side yard. Do you need room to park your RV? There's plenty of room here to bring your RV, boats, trailers, toys, etc.! Come on out and experience some peace and quiet away from the hustle and bustle of town. If you have been looking for a property that offers 2 homes located close (but not too close!) to each other on some land - maybe so your parents or your children can live close by - you need to check this one out! You could have your own small family compound in a quiet, private setting. It is my understanding that this property would have to be purchased with cash. The asking price of both properties sold together is $385,000. Accuracy of all information deemed reliable but not guaranteed and should be verified by interested parties.

16. 2026-01-12
    listed $192,500 Active 1291-char remark

    Show marketing remark (1291 chars)

    HERE'S A RARE AND UNIQUE OPPORTUNITY to purchase 2 homes on a total of 4.1 acres in the country just a short drive from historic Dallas, GA! NOTE: THIS PROPERTY MUST BE SOLD WITH 244 MANORS MILL ROAD - FMLS# 7704343. This home is NOT on a permanent block foundation. This property SHARES a well with 244 Manors Mill Road. 3 bedroom, 2 bath home with a large level yard perfect for your kids or animals! This home has been vacant for a long time and needs some work to bring it back up to par. There is a detached metal carport canopy in the side yard. Do you need room to park your RV? There's plenty of room here to bring your RV, boats, trailers, toys, etc.! Come on out and experience some peace and quiet away from the hustle and bustle of town. If you have been looking for a property that offers 2 homes located close (but not too close!) to each other on some land - maybe so your parents or your children can live close by - you need to check this one out! You could have your own small family compound in a quiet, private setting. It is my understanding that this property would have to be purchased with cash. The asking price of both properties sold together is $385,000. Accuracy of all information deemed reliable but not guaranteed and should be verified by interested parties.

ⓘ 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: $797 · $66/mo
• Projected year-2 tax: $1,610 · $134/mo
• Expected delta: +$813/yr (+$68/mo · 102.0%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥103°F today · 19 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 25% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,688
• − Mortgage interest: −$9,803
• − Property taxes: −$797
• − Insurance: −$875
• − Repairs & maintenance: −$1,975
• − Management: −$1,975
• − Depreciation: −$5,091
• Taxable income: $4,172
• Est. tax owed @ 24.0%: −$1,001
• After-tax cash flow: $5,817/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: Paulding County
• NCES district ID: 1304020
• Math proficiency: 39% ▼ -6.00%
• Reading proficiency: 42% ▼ -7.00%
• Median HH income: $61,447
• Composite: 36.0/100
• National rank: #4784
• State rank: #33 of 174 in GA

Livability — Dallas

• Score: 66/100
• State rank: #192
• US rank: #11802

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Paulding County · 134,013 people
• City population: 106,793
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 53,445
• Household income: $93,625
• Rent vs Own: 16.9% rent · 83.1% own
• Severe rent burden: 375.0

Population outlook (Paulding County) Hauer SSP2

• Today (2025): 175,714 people
• By 2030: 186,082 · +5.9%
• By 2040: 204,414 · +16.3%
• By 2050: 217,040 · +23.5%
• By 2075: 236,980 · +34.9%
• By 2100: 238,314 · +35.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 13% Two or more races 9% Hispanic / Latino 8% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Lithuanian 2% Italian 2% Slovak 1%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 5% French/Haitian/Cajun 1% Other Asian/Pacific 1%

Political lean MEDSL · Paulding

• 2024 margin: Strong R (+24.1) · D 37.6% · R 61.7%
• 2008→2024 swing: +14.4pp toward D · 2008: -38.5pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+29.1 2016: R+41.2 2012: R+43.6 2008: R+38.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -34.28%
• Current HPI: 330.3487
• Rent YoY: ▼ -2.83%
• 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

+0.0% since first listed

2 events — show timeline

• 2026-01-12 Listed $192,500 FMLS
• 2026-01-12 Listed $192,500 GAMLS

Property tax history

+9.3%/yr

Latest (2025): $797 · +0.0% YoY. Source: county tax records.