35 Triple Crown Ln · Stockbridge, GA 30294

$199,000

3 bd · 2.0 ba · 1,177 sqft · SingleFamily public records · 149 Days on market

Built 1985 0.42 ac lot $169/sqft · at area comps Est $208k · at est.

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Why this score? — see what drove the C- 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 +18.4/30.0
• ARV discount +9.5/15.0
• DSCR +5.8/10.0
• 1% rule +5.2/10.0
• Rent growth +3.6/5.0
• Livability +3.0/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable opportunity in Ellenwood (Henry County). This 3 bedroom, 2 bath single-family ranch home, built in 1985, offers 1,177 square feet on approximately 0.42 acres. One-car carport. Suitable for an owner-occupant or investor. Home is being sold as-is. Home may be purchased individually or as part of a multi-property package. Additional locations available. Purchase options may be available for individual homes. All information is believed to be accurate but not guaranteed and should be independently verified.

Key facts

• 0.42 acre lot
• Built 1985
• Listed 148 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $185 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $199k).
• Recommended offer: $175k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 4.3% in Stockbridge — 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 60/100 on livability (#389 in GA) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A; Watch: crime D, schools D-, amenities F.
• Henry County (rural): math 24% / reading 33% proficiency, ranked #89 of 174 in GA (top 51%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+4.6%/yr); 244 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,989 units permitted in Henry County in 2024 (92 in 5+ unit buildings).
• This rent runs 31% of the median local income ($80k/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 $6k of value loss. Plan a longer hold.
• Henry 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 149 days — a 12% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 16y 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 $33k; list at $199k implies a 498% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $175,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 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. 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?
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: 1.02% ✓
• Cap rate: 7.41%
• Cash-on-cash: 3.98%
• DSCR: 1.18
• GRM: 8.1

CMA / ARV

• ARV (median comp): $208,347
• List price: $199,000
• Delta: -4.49%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
190 Belmont Farms Dr	0.06mi	3/2.0	1,338 (+14%)	2mo	$216,000	$161	72
305 Belmont Farms Dr	0.36mi	3/2.0	1,231 (+5%)	5mo	$185,000	$150	72
280 Belmont Farms Dr	0.29mi	3/2.0	1,154 (-2%)	15mo	$196,000	$170	71
115 Derby Country Dr	0.33mi	3/2.0	1,076 (-9%)	1mo	$160,000	$149	69
241 Orchard Rd	0.46mi	4/2.0 (+1)	1,152 (-2%)	4mo	$204,900	$178	67
40 Derby Country Dr	0.22mi	3/2.0	1,352 (+15%)	13mo	$180,000	$133	54
241 Lariat Ln	0.60mi	3/2.0	1,231 (+5%)	17mo	$239,220	$194	50
325 Winchester Ct	0.62mi	3/2.0	1,219 (+4%)	23mo	$224,000	$184	46

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 · 4.56% rent growth · sell at horizon

5-year hold

• IRR: -8.2%
• Equity multiple: 0.69×
• Total profit: $-17,157
• Equity at exit: $29,672

10-year hold

• IRR: 3.3%
• Equity multiple: 1.26×
• Total profit: $14,250
• Equity at exit: $17,206

Cash invested: $55,720 (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 30294

• Home prices YoY: -25.0%
• Rents YoY: 4.6%
• Active inventory: 244
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $2,040 medium
• Mortgage (P&I): −$1,044
• Tax from tax record: −$300 /mo · $3,600/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$428
• Net cashflow: $185

Break-even live

Break-even rent $1,806

Max offer price $199,000

Occupancy floor 86%

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
85 Derby Country Dr Ellenwood, GA	3.0	2.0	1273	$1,895	$1.49	24d	1	0.28mi
40 Wagon Wheel Dr Rex, GA	3.0	2.0	1404	$1,350	$0.96	5d	1	0.60mi
3637 Windmill Rd Ellenwood, GA	3.0	1.0	1200	$1,695	$1.41	24d	1	1.37mi
5832 Mays Ridge Ct Rex, GA	4.0	3.0	1408	$2,020	$1.43	43d	1	1.46mi

Listing history 22 events

1. 2026-06-18
   days on market $199,000 Active 149 DOM
2. 2026-06-17
   days on market $199,000 Active 148 DOM
3. 2026-06-16
   days on market $199,000 Active 147 DOM
4. 2026-06-15
   days on market $199,000 Active 146 DOM
5. 2026-06-13
   days on market $199,000 Active 144 DOM
6. 2026-06-09
   days on market $199,000 Active 140 DOM
7. 2026-06-08
   days on market $199,000 Active 139 DOM
8. 2026-06-07
   days on market $199,000 Active 138 DOM
9. 2026-06-04
   days on market $199,000 Active 135 DOM
10. 2026-06-03
    days on market $199,000 Active 134 DOM
11. 2026-06-02
    days on market $199,000 Active 133 DOM
12. 2026-06-01
    days on market $199,000 Active 132 DOM
13. 2026-05-31
    days on market $199,000 Active 131 DOM
14. 2026-01-19
    listed $199,000 New 526-char remark

    Show marketing remark (526 chars)

    Affordable opportunity in Ellenwood (Henry County). This 3 bedroom, 2 bath single-family ranch home, built in 1985, offers 1,177 square feet on approximately 0.42 acres. One-car carport. Suitable for an owner-occupant or investor. Home is being sold as-is. Home may be purchased individually or as part of a multi-property package. Additional locations available. Purchase options may be available for individual homes. All information is believed to be accurate but not guaranteed and should be independently verified.

15. 2010-07-02
    historical 136-char remark

    Show marketing remark (136 chars)

    GREAT INVESTMENT OPPORTUNITY!3 BDRM/2 BA RANCH,1 CAR CARPORT,FENCED BACK YARD,PRE-QUAL/PRF OF FNDS W/OFRS.SLD AS IS.EML OFRS TO CO-AGNT.

16. 2010-06-22
    soldstatus $33,300 Sold 136-char remark

    Show marketing remark (136 chars)

    GREAT INVESTMENT OPPORTUNITY!3 BDRM/2 BA RANCH,1 CAR CARPORT,FENCED BACK YARD,PRE-QUAL/PRF OF FNDS W/OFRS.SLD AS IS.EML OFRS TO CO-AGNT.

17. 2010-06-07
    status Pending 136-char remark

    Show marketing remark (136 chars)

    GREAT INVESTMENT OPPORTUNITY!3 BDRM/2 BA RANCH,1 CAR CARPORT,FENCED BACK YARD,PRE-QUAL/PRF OF FNDS W/OFRS.SLD AS IS.EML OFRS TO CO-AGNT.

18. 2010-05-25
    soldstatus $76,525
19. 2010-04-30
    listed $26,000 Active 136-char remark

    Show marketing remark (136 chars)

    GREAT INVESTMENT OPPORTUNITY!3 BDRM/2 BA RANCH,1 CAR CARPORT,FENCED BACK YARD,PRE-QUAL/PRF OF FNDS W/OFRS.SLD AS IS.EML OFRS TO CO-AGNT.

20. 1997-09-29
    soldstatus $76,000
21. 1993-04-05
    soldstatus $70,000
22. 1985-05-01
    soldstatus $53,500

ⓘ 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: $3,600 · $300/mo
• Projected year-2 tax: $3,600 · $300/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 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,477
• − Mortgage interest: −$11,147
• − Property taxes: −$3,600
• − Insurance: −$995
• − Repairs & maintenance: −$1,958
• − Management: −$1,958
• − Depreciation: −$5,789
• Taxable loss: −$971
• Est. tax savings @ 24.0%: +$233
• After-tax cash flow: $2,452/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: Henry County
• NCES district ID: 1302820
• Math proficiency: 24% ▼ -9.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $62,594
• Composite: 26.13/100
• National rank: #7279
• State rank: #89 of 174 in GA

Livability — Stockbridge

• Score: 60/100
• State rank: #389
• US rank: #19479

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Henry County · 316,359 people
• City population: 71,603
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 41,983
• Household income: $79,762
• Rent vs Own: 19.4% rent · 80.6% own
• Severe rent burden: 864.0

Population outlook (Henry County) Hauer SSP2

• Today (2025): 249,041 people
• By 2030: 264,369 · +6.2%
• By 2040: 294,459 · +18.2%
• By 2050: 322,249 · +29.4%
• By 2075: 392,310 · +57.5%
• By 2100: 437,836 · +75.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (84%)
• Race & ethnicity: Black 84% Hispanic / Latino 7% Two or more races 6% White 6% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Hispanic 1%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 91% English-only · Spanish 6% Vietnamese 1% French/Haitian/Cajun 1%

Political lean MEDSL · Henry

• 2024 margin: Strong D (+29.7) · D 64.5% · R 34.9%
• 2008→2024 swing: +37.1pp toward D · 2008: -7.5pp · 2024: 29.7pp
• All cycles: 2024: D+29.7 2020: D+20.5 2016: D+4.3 2012: R+3.2 2008: R+7.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.99%
• Current HPI: 213.1999
• Rent YoY: ▲ 4.56%
• 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

+272.0% since first listed

9 events — show timeline

• 2026-01-19 Listed $199,000 GAMLS
• 2010-07-02 Listing Removed — FMLS
• 2010-06-22 Sold (MLS) $33,300 FMLS
• 2010-06-07 Pending — FMLS
• 2010-05-25 Sold (Public Records) $76,525 Public Records
• 2010-04-30 Listed $26,000 FMLS
• 1997-09-29 Sold (Public Records) $76,000 Public Records
• 1993-04-05 Sold (Public Records) $70,000 Public Records
• 1985-05-01 Sold (Public Records) $53,500 Public Records

Property tax history

+5.1%/yr

Latest (2025): $3,600 · +9.1% YoY. Source: county tax records.