217 Hardaway St · Thomasville, GA 31792

$150,000

3 bd · 1.0 ba · 1,473 sqft · SingleFamily public records · 13 Days on market

Built 1930 0.34 ac lot Est $280k · 46% 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 +29.0/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +6.7/10.0
• Livability +3.6/5.0
• Schools +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

INVESTMENT OPPORTUNITY! Enjoy unbeatable convenience with Downtown Thomasville within walking distance and, Archbold Hospital, Publix, Lowes, shopping, and restaurants all just a short drive away. Inside, rooms offer endless possibilities for customization, allowing you to create your dream home. With its charming historic curb appeal, french doors, hardwood flooring, and newer roof, this home is overflowing with potential. An opportunity like this doesn't come every day. Don't miss out on this incredible house! Don't miss out on this opportunity.

Key facts

• Hardwood flooring
• Historic curb appeal
• Walking distance

Tags

• INVESTMENT OPPORTUNITY
• WALKING DISTANCE
• HISTORIC CURB APPEAL
• FRENCH DOORS
• HARDWOOD FLOORING
• NEWER ROOF

Property features AI

Finance

• Financial info: Annual tax amount listed

Exterior

• Parking: Covered parking for 2 vehicles; 2-car garage
• Home design: Single-family residence; One story; Residential property
• Construction: Built as single-family construction
• Exterior features: Shingle roof; Lot approximately 0.34 acres

Interior

• Bathrooms: 2 full bathrooms
• Interior features: Fixer condition

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $513 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 10.4% vs local median 3.7% in Thomasville — 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 71/100 on livability (#77 in GA) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, health & safety A+; Watch: crime F, commute F, employment F.
• Thomasville City (town): math 29% / reading 37% proficiency, ranked #87 of 174 in GA (top 50%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Jerger Elementary School (math 54% / reading 56%, grade C, #178 of 1,228 statewide, top 15%, 785 students, 25% FRL); Macintyre Park Middle School (math 25% / reading 40%, grade F, #221 of 470 statewide, top 48%, 558 students, 92% FRL); Thomasville High School (math 17% / reading 32%, grade F, #184 of 424 statewide, top 48%, 797 students, 92% FRL).
• Market conditions: 206 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 213 units permitted in Thomas County in 2024 (72 in 5+ unit buildings).
• This rent runs 42% of the median local income ($50k/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 $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Thomas County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $125k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe wind risk, 99% 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 $150,000

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
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: 1.17% ✓
• Cap rate: 10.40%
• Cash-on-cash: 14.67%
• DSCR: 1.65
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $279,870
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
402 E Washington St	0.07mi	3/1.5	1,350 (-8%)	12mo	$300,000	$222	71
601 E Washington St	0.13mi	2/2.0 (-1)	1,372 (-7%)	13mo	$310,000	$226	63
419 E Clay St	0.17mi	3/2.0	1,568 (+6%)	20mo	$308,500	$197	61
121 N Hansell St	0.18mi	3/1.5	1,661 (+13%)	14mo	$230,000	$138	57
309 N Mitchell St	0.26mi	3/1.5	1,287 (-13%)	16mo	$245,000	$190	52
614 N Stevens St	0.60mi	3/2.0	1,327 (-10%)	5mo	$225,000	$170	47
828-A Young St	0.65mi	3/2.0	1,576 (+7%)	10mo	$339,000	$215	46
1022 N Dawson St	0.65mi	3/1.5	1,270 (-14%)	1mo	$220,000	$173	44
109 Stewart St	0.59mi	3/2.0	1,395 (-5%)	21mo	$250,000	$179	42
228 Gordon Ave	0.75mi	3/1.0	1,439 (-2%)	23mo	$170,000	$118	42
828 B N Young St	0.71mi	3/2.0	1,621 (+10%)	16mo	$366,000	$226	32
107 Wilson St	0.63mi	3/2.0	1,292 (-12%)	22mo	$130,000	$101	28

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: 5.1%
• Equity multiple: 1.20×
• Total profit: $8,318
• Equity at exit: $22,365

10-year hold

• IRR: 14.5%
• Equity multiple: 2.17×
• Total profit: $49,051
• Equity at exit: $12,969

Cash invested: $42,000 (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 31792

• Home prices YoY: -29.0%
• Active inventory: 206
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,758 high
• Mortgage (P&I): −$787
• Tax from tax record: −$26 /mo · $311/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$369
• Net cashflow: $513

Break-even live

Break-even rent $1,108

Max offer price $150,000

Occupancy floor 66%

Sensitivity live

Price	-10% $598	-5% $556	+0% $513	+5% $300	+10% $248
Rent	-10% $375	-5% $444	+0% $513	+5% $583	+10% $652
Rate	-1.0pp $589	-0.5pp $552	base $513	+0.5pp $475	+1.0pp $435

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
209 E Monroe St Unit 1 Thomasville, GA	2.0	1.0	1236	$1,500	$1.21	45d	1	0.21mi
403 Remington Ave Thomasville, GA	2.0	1.0	891	$1,575	$1.77	45d	1	0.40mi
100 Pine St Thomasville, GA	2.0	2.5	1216	$1,550	$1.27	45d	1	0.67mi
306 Brighton St Thomasville, GA	3.0	2.0	1440	$1,800	$1.25	45d	1	0.87mi
220 Covington Ave Thomasville, GA	1.0–3.0	1.0–2.0	1014	$1,350	$1.33	45d	10	1.03mi

Listing history 10 events

1. 2026-06-21
   pricedays on market $150,000 Active 13 DOM
2. 2026-06-19
   days on market $165,000 Active 11 DOM
3. 2026-06-18
   days on market $165,000 Active 10 DOM
4. 2026-06-17
   days on market $165,000 Active 9 DOM
5. 2026-06-16
   days on market $165,000 Active 8 DOM
6. 2026-06-15
   days on market $165,000 Active 7 DOM
7. 2026-06-14
   days on market $165,000 Active 5 DOM
8. 2026-06-12
   days on market $165,000 Active 4 DOM
9. 2026-06-09
   remarks 553-char remark
10. 2026-06-09
    listed $165,000 Active 1 DOM

ⓘ 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: $311 · $26/mo
• Projected year-2 tax: $1,380 · $115/mo
• Expected delta: +$1,069/yr (+$89/mo · 343.6%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥108°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,090
• − Mortgage interest: −$8,402
• − Property taxes: −$311
• − Insurance: −$750
• − Repairs & maintenance: −$1,687
• − Management: −$1,687
• − Depreciation: −$4,364
• Taxable income: $3,889
• Est. tax owed @ 24.0%: −$933
• After-tax cash flow: $5,227/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: Thomasville City
• NCES district ID: 1304950
• Math proficiency: 29% ▼ -6.00%
• Reading proficiency: 37% ▼ -8.00%
• Median HH income: $31,040
• Composite: 26.85/100
• National rank: #7106
• State rank: #87 of 174 in GA

Livability — Thomasville

• Score: 71/100
• State rank: #77
• US rank: #6678

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Thomasville, GA
• County: Thomas County · 22,962 people
• City population: 22,962
• Metro: Thomasville, GA
• Population (ZIP): 22,962
• Household income: $50,460
• Rent vs Own: 44.6% rent · 55.4% own
• Severe rent burden: 1059.0

Population outlook (Thomas County) Hauer SSP2

• Today (2025): 45,303 people
• By 2030: 45,052 · -0.6%
• By 2040: 44,034 · -2.8%
• By 2050: 42,310 · -6.6%
• By 2075: 37,569 · -17.1%
• By 2100: 30,676 · -32.3%

Race, ethnicity, and origin ACS 2023

• Race & ethnicity: Black 49% White 47% Two or more races 2% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Italian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2%

Political lean MEDSL · Thomas

• 2024 margin: Strong R (+24.1) · D 37.8% · R 61.9%
• 2008→2024 swing: -8.3pp toward R · 2008: -15.8pp · 2024: -24.1pp
• All cycles: 2024: R+24.1 2020: R+19.5 2016: R+21.8 2012: R+18.5 2008: R+15.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -93.17%
• Current HPI: 228.0107
• Rent YoY: —
• Metro: Thomasville, 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

+32.0% since first listed

2 events — show timeline

• 2026-06-09 Listed $165,000 TABRMLS
• 1988-02-01 Sold (Public Records) $125,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $311 · -2.3% YoY. Source: county tax records.