11 Lee St · Rockmart, GA 30153

$229,000

3 bd · 2.0 ba · 1,517 sqft · SingleFamily public records · 55 Days on market

Built 1969 0.65 ac lot $151/sqft · 19% below area Est $284k · 19% under

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Why this score? — see what drove the D 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 +15.0/15.0
• Cash flow +11.6/30.0
• Livability +3.5/5.0
• DSCR +3.4/10.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Are you looking for the perfect place to have animals, gardens, no HOA, and still be near town? All for under $250k? This is it!! Recently updated, including a new roof, new septic system, new flooring and paint, this offers everything you need to enjoy your time at home both indoors and out. The open concept living space and kitchen flow nicely to the screened in back porch, which offers privacy on this large corner lot. Just 10 minutes from restaurants and shopping in Rockmart, come and see what all this beautiful area has to offer!

Key facts

• Large corner lot
• New flooring
• New septic system

Tags

• NEW ROOF
• NEW SEPTIC SYSTEM
• NEW FLOORING
• SCREENED IN BACK PORCH
• LARGE CORNER LOT

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $229k.

Deal economics

• At list price, monthly cash flow is $-72 ($-868/yr) — negative.
• To cash-flow at today's rent, offer at most $216k (5.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $172k (24.9% below list).
• Recommended offer: $172k (24.9% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 4.2% in Rockmart — 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 70/100 on livability (#99 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime C-, schools F, amenities F.
• Polk County (town): math 21% / reading 28% proficiency, ranked #128 of 174 in GA (top 74%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 62% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 204 active listings in the ZIP; 128 units permitted in Polk County in 2024 (0 in 5+ unit buildings).
• This rent runs 36% of the median local income ($57k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Polk County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 3y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $130k; list at $229k implies a 76% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $171,986 (24.9% 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. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
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 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: 0.75% ✗
• Cap rate: 5.91%
• Cash-on-cash: -1.35%
• DSCR: 0.94
• GRM: 11.1

CMA / ARV

• ARV (median comp): $283,577
• List price: $229,000
• Delta: -19.25%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
60 Lee St	0.11mi	3/2.0	1,450 (-4%)	1mo	$265,000	$183	87
107 Main Line Rd	0.29mi	3/2.0	1,479 (-2%)	4mo	$249,000	$168	79
19 Main Line Rd	0.13mi	3/2.0	1,478 (-3%)	13mo	$226,900	$154	78
21 Lee St	0.02mi	3/2.0	1,396 (-8%)	18mo	$189,900	$136	71
470 Morgan Valley Rd	0.08mi	3/2.0	1,457 (-4%)	23mo	$300,000	$206	70
94 Main Line Rd	0.26mi	3/2.0	1,650 (+9%)	10mo	$280,000	$170	65
331 Morgan Valley Rd	0.35mi	3/1.5	1,400 (-8%)	9mo	$225,000	$161	61

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: -18.6%
• Equity multiple: 0.35×
• Total profit: $-41,784
• Equity at exit: $34,145

10-year hold

• IRR: -11.0%
• Equity multiple: 0.34×
• Total profit: $-42,593
• Equity at exit: $19,800

Cash invested: $64,120 (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 30153

• Home prices YoY: -4.6%
• Active inventory: 204
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $1,720 medium
• Mortgage (P&I): −$1,201
• Tax from tax record: −$135 /mo · $1,617/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $-72

Break-even live

Break-even rent $1,811

Max offer price $216,215

Occupancy floor 99%

Sensitivity live

Price	-10% $57	-5% $-8	+0% $-72	+5% $-137	+10% $-202
Rent	-10% $-208	-5% $-140	+0% $-72	+5% $-4	+10% $63
Rate	-1.0pp $43	-0.5pp $-14	base $-72	+0.5pp $-132	+1.0pp $-192

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Listing history 47 events

1. 2026-06-15
   status $229,000 Pending 55 DOM
2. 2026-06-15
   days on market $229,000 Active 55 DOM
3. 2026-06-13
   days on market $229,000 Active 53 DOM
4. 2026-06-09
   days on market $229,000 Active 49 DOM
5. 2026-06-08
   days on market $229,000 Active 48 DOM
6. 2026-06-07
   pricedays on market $229,000 Active 47 DOM
7. 2026-06-04
   days on market $244,000 Active 44 DOM
8. 2026-06-03
   days on market $244,000 Active 43 DOM
9. 2026-06-02
   days on market $244,000 Active 42 DOM
10. 2026-06-01
    days on market $244,000 Active 41 DOM
11. 2026-05-31
    days on market $244,000 Active 40 DOM
12. 2026-05-15
    price $244,000 540-char remark

    Show marketing remark (540 chars)

    Are you looking for the perfect place to have animals, gardens, no HOA, and still be near town? All for under $250k? This is it!! Recently updated, including a new roof, new septic system, new flooring and paint, this offers everything you need to enjoy your time at home both indoors and out. The open concept living space and kitchen flow nicely to the screened in back porch, which offers privacy on this large corner lot. Just 10 minutes from restaurants and shopping in Rockmart, come and see what all this beautiful area has to offer!

13. 2026-05-15
    price $244,000 540-char remark

    Show marketing remark (540 chars)

    Are you looking for the perfect place to have animals, gardens, no HOA, and still be near town? All for under $250k? This is it!! Recently updated, including a new roof, new septic system, new flooring and paint, this offers everything you need to enjoy your time at home both indoors and out. The open concept living space and kitchen flow nicely to the screened in back porch, which offers privacy on this large corner lot. Just 10 minutes from restaurants and shopping in Rockmart, come and see what all this beautiful area has to offer!

14. 2026-04-30
    status Back On Market 540-char remark

    Show marketing remark (540 chars)

    Are you looking for the perfect place to have animals, gardens, no HOA, and still be near town? All for under $250k? This is it!! Recently updated, including a new roof, new septic system, new flooring and paint, this offers everything you need to enjoy your time at home both indoors and out. The open concept living space and kitchen flow nicely to the screened in back porch, which offers privacy on this large corner lot. Just 10 minutes from restaurants and shopping in Rockmart, come and see what all this beautiful area has to offer!

15. 2026-04-30
    status Active 540-char remark

    Show marketing remark (540 chars)

    Are you looking for the perfect place to have animals, gardens, no HOA, and still be near town? All for under $250k? This is it!! Recently updated, including a new roof, new septic system, new flooring and paint, this offers everything you need to enjoy your time at home both indoors and out. The open concept living space and kitchen flow nicely to the screened in back porch, which offers privacy on this large corner lot. Just 10 minutes from restaurants and shopping in Rockmart, come and see what all this beautiful area has to offer!

16. 2026-04-25
    status Pending 540-char remark

    Show marketing remark (540 chars)

    Are you looking for the perfect place to have animals, gardens, no HOA, and still be near town? All for under $250k? This is it!! Recently updated, including a new roof, new septic system, new flooring and paint, this offers everything you need to enjoy your time at home both indoors and out. The open concept living space and kitchen flow nicely to the screened in back porch, which offers privacy on this large corner lot. Just 10 minutes from restaurants and shopping in Rockmart, come and see what all this beautiful area has to offer!

17. 2026-04-25
    status Under Contract 540-char remark

    Show marketing remark (540 chars)

    Are you looking for the perfect place to have animals, gardens, no HOA, and still be near town? All for under $250k? This is it!! Recently updated, including a new roof, new septic system, new flooring and paint, this offers everything you need to enjoy your time at home both indoors and out. The open concept living space and kitchen flow nicely to the screened in back porch, which offers privacy on this large corner lot. Just 10 minutes from restaurants and shopping in Rockmart, come and see what all this beautiful area has to offer!

18. 2026-04-15
    listed $249,000 New 540-char remark

    Show marketing remark (540 chars)

    Are you looking for the perfect place to have animals, gardens, no HOA, and still be near town? All for under $250k? This is it!! Recently updated, including a new roof, new septic system, new flooring and paint, this offers everything you need to enjoy your time at home both indoors and out. The open concept living space and kitchen flow nicely to the screened in back porch, which offers privacy on this large corner lot. Just 10 minutes from restaurants and shopping in Rockmart, come and see what all this beautiful area has to offer!

19. 2026-04-15
    listed $249,000 Active 540-char remark

    Show marketing remark (540 chars)

    Are you looking for the perfect place to have animals, gardens, no HOA, and still be near town? All for under $250k? This is it!! Recently updated, including a new roof, new septic system, new flooring and paint, this offers everything you need to enjoy your time at home both indoors and out. The open concept living space and kitchen flow nicely to the screened in back porch, which offers privacy on this large corner lot. Just 10 minutes from restaurants and shopping in Rockmart, come and see what all this beautiful area has to offer!

20. 2026-03-31
    historical
21. 2026-03-31
    historical
22. 2025-12-15
    price $265,000
23. 2025-12-14
    price $265,000
24. 2025-12-07
    listed $279,900 New
25. 2025-12-07
    listed $279,900 Active
26. 2023-11-02
    soldstatus $130,000
27. 2023-10-27
    soldstatus $130,000 Sold
28. 2023-10-27
    soldstatus $130,000 Closed
29. 2023-10-26
    status Pending
30. 2023-09-23
    status Under Contract
31. 2023-09-23
    historical Active Under Contract
32. 2023-09-19
    price $155,000
33. 2023-09-19
    price $155,000
34. 2023-09-16
    price $165,000
35. 2023-09-16
    price $165,000
36. 2023-09-15
    status Back On Market
37. 2023-09-15
    status Active
38. 2023-09-13
    status Under Contract
39. 2023-09-13
    historical Active Under Contract
40. 2023-09-12
    price $171,000
41. 2023-09-12
    price $171,000
42. 2023-09-06
    listed $180,000 New
43. 2023-09-06
    listed $180,000 Active
44. 2023-02-28
    historical
45. 2023-02-27
    price $185,000
46. 2023-02-21
    listed $199,900 New
47. 2017-04-06
    soldstatus $63,800

ⓘ 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: $1,617 · $135/mo
• Projected year-2 tax: $2,107 · $176/mo
• Expected delta: +$490/yr (+$41/mo · 30.3%)

ⓘ 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 · 19 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 17% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,638
• − Mortgage interest: −$12,828
• − Property taxes: −$1,617
• − Insurance: −$1,145
• − Repairs & maintenance: −$1,651
• − Management: −$1,651
• − Depreciation: −$6,662
• Taxable loss: −$4,915
• Est. tax savings @ 24.0%: +$1,180
• After-tax cash flow: $311/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: Polk County
• NCES district ID: 1304200
• Math proficiency: 21% ▼ -15.00%
• Reading proficiency: 28% ▼ -3.00%
• Median HH income: $39,318
• Composite: 20.6/100
• National rank: #8550
• State rank: #128 of 174 in GA

Livability — Rockmart

• Score: 70/100
• State rank: #99
• US rank: #7891

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Polk County · 18,467 people
• City population: 18,467
• Metro: Cedartown, GA
• Population (ZIP): 18,467
• Household income: $57,377
• Rent vs Own: 31.6% rent · 68.4% own
• Severe rent burden: 340.0

Population outlook (Polk County) Hauer SSP2

• Today (2025): 40,729 people
• By 2030: 40,103 · -1.5%
• By 2040: 38,594 · -5.2%
• By 2050: 36,753 · -9.8%
• By 2075: 31,687 · -22.2%
• By 2100: 25,448 · -37.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 10% Hispanic / Latino 6% Two or more races 4% Asian 1%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2%
• Common ancestry: Italian 2% Slovak 1% Romanian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Polk

• 2024 margin: Solid R (+60.5) · D 19.6% · R 80.1%
• 2008→2024 swing: -19.4pp toward R · 2008: -41.1pp · 2024: -60.5pp
• All cycles: 2024: R+60.5 2020: R+57.1 2016: R+57.5 2012: R+45.6 2008: R+41.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -18.01%
• Current HPI: 370.1814
• Rent YoY: —
• Metro: Cedartown, 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

+282.4% since first listed

36 events — show timeline

• 2026-05-15 Price Changed $244,000 FMLS
• 2026-05-15 Price Changed $244,000 GAMLS
• 2026-04-30 Relisted — GAMLS
• 2026-04-30 Relisted — FMLS
• 2026-04-25 Pending — FMLS
• 2026-04-25 Pending — GAMLS
• 2026-04-15 Listed $249,000 FMLS
• 2026-04-15 Listed $249,000 GAMLS
• 2026-03-31 Listing Removed — FMLS
• 2026-03-31 Listing Removed — GAMLS
• 2025-12-15 Price Changed $265,000 FMLS
• 2025-12-14 Price Changed $265,000 GAMLS
• 2025-12-07 Listed $279,900 FMLS
• 2025-12-07 Listed $279,900 GAMLS
• 2023-11-02 Sold (Public Records) $130,000 Public Records
• 2023-10-27 Sold (MLS) $130,000 FMLS
• 2023-10-27 Sold (MLS) $130,000 GAMLS
• 2023-10-26 Pending — FMLS
• 2023-09-23 Pending — GAMLS
• 2023-09-23 Contingent — FMLS
• 2023-09-19 Price Changed $155,000 GAMLS
• 2023-09-19 Price Changed $155,000 FMLS
• 2023-09-16 Price Changed $165,000 GAMLS
• 2023-09-16 Price Changed $165,000 FMLS
• 2023-09-15 Relisted — GAMLS
• 2023-09-15 Relisted — FMLS
• 2023-09-13 Pending — GAMLS
• 2023-09-13 Contingent — FMLS
• 2023-09-12 Price Changed $171,000 GAMLS
• 2023-09-12 Price Changed $171,000 FMLS
• 2023-09-06 Listed $180,000 FMLS
• 2023-09-06 Listed $180,000 GAMLS
• 2023-02-28 Listing Removed — GAMLS
• 2023-02-27 Price Changed $185,000 GAMLS
• 2023-02-21 Listed $199,900 GAMLS
• 2017-04-06 Sold (Public Records) $63,800 Public Records

Property tax history

+3.8%/yr

Latest (2025): $1,617 · +48.8% YoY. Source: county tax records.