3608 Franklinton Rd · Macon-Bibb County, GA 31020

$120,000

3 bd · 2.0 ba · 2,065 sqft · Manufactured public records · 48 Days on market

Built 1980 7.83 ac lot ↓ 33% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.2/10.0

Listing remarks MLS

Looking for land for a homestead or just somewhere for a quiet lifestyle? See this property on nearly 8 Acres! Opportunity awaits with this 3-bedroom, 2-bath mobile home on approximately 7.8 acres, offering space, privacy, and endless potential. Flooring repairs on the main home are being completed right now! Sellers have asked that we suspend showings INSIDE the property for now. In addition to the primary residence, the property features a separate home that can serve as a mother-in-law suite, guest house, or potential rental for added income. There is also a shop with a large roll-up door. Enjoy the peace and flexibility of country living while still having room to expand, garden, or create your own private retreat. With acreage like this and dual living spaces, the possibilities are truly endless. Sold as-is and will be a cash only sale. Currently neither home is in livable condition. Bring your vision and make it your own!

Key facts

• 7.83 acre lot
• Built 1980
• Listed 48 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $120k.

Deal economics

• At list price, monthly cash flow is $720 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $116k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.5% vs local median 5.4% in Macon-Bibb County — 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: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Bibb County (urban): math 11% / reading 18% proficiency, ranked #161 of 174 in GA (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 12 active listings in the ZIP; 154 units permitted in Bibb County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($830 loan paydown + $4k appreciation (3.0% local appreciation)).
• Bibb County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $34k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 75% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 1.50% ✓
• Cap rate: 13.49%
• Cash-on-cash: 25.70%
• DSCR: 2.14
• GRM: 5.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 31.7%
• Equity multiple: 2.79×
• Total profit: $60,240
• Equity at exit: $53,957

10-year hold

• IRR: 32.0%
• Equity multiple: 5.47×
• Total profit: $150,160
• Equity at exit: $83,154

Cash invested: $33,600 (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 31020

• Active inventory: 12
• Price-to-rent: 5.6×

Monthly cashflow live

• Estimated rent: $1,799 medium
• Mortgage (P&I): −$629
• Tax from tax record: −$22 /mo · $267/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$378
• Net cashflow: $720

Break-even live

Break-even rent $888

Max offer price $120,000

Occupancy floor 55%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-14
   status Under Contract 942-char remark

   Show marketing remark (942 chars)

   Looking for land for a homestead or just somewhere for a quiet lifestyle? See this property on nearly 8 Acres! Opportunity awaits with this 3-bedroom, 2-bath mobile home on approximately 7.8 acres, offering space, privacy, and endless potential. Flooring repairs on the main home are being completed right now! Sellers have asked that we suspend showings INSIDE the property for now. In addition to the primary residence, the property features a separate home that can serve as a mother-in-law suite, guest house, or potential rental for added income. There is also a shop with a large roll-up door. Enjoy the peace and flexibility of country living while still having room to expand, garden, or create your own private retreat. With acreage like this and dual living spaces, the possibilities are truly endless. Sold as-is and will be a cash only sale. Currently neither home is in livable condition. Bring your vision and make it your own!

2. 2026-03-26
   listed $120,000 New 942-char remark

   Show marketing remark (942 chars)

   Looking for land for a homestead or just somewhere for a quiet lifestyle? See this property on nearly 8 Acres! Opportunity awaits with this 3-bedroom, 2-bath mobile home on approximately 7.8 acres, offering space, privacy, and endless potential. Flooring repairs on the main home are being completed right now! Sellers have asked that we suspend showings INSIDE the property for now. In addition to the primary residence, the property features a separate home that can serve as a mother-in-law suite, guest house, or potential rental for added income. There is also a shop with a large roll-up door. Enjoy the peace and flexibility of country living while still having room to expand, garden, or create your own private retreat. With acreage like this and dual living spaces, the possibilities are truly endless. Sold as-is and will be a cash only sale. Currently neither home is in livable condition. Bring your vision and make it your own!

3. 2026-03-25
   status Back On Market
4. 2026-03-25
   historical
5. 2026-02-10
   status Under Contract
6. 2026-01-15
   price $140,000
7. 2025-12-29
   listed $180,000 New

ⓘ 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: $267 · $22/mo
• Projected year-2 tax: $1,104 · $92/mo
• Expected delta: +$837/yr (+$70/mo · 312.9%)

ⓘ 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 5/10 Major
• 🌡 Heat 6/10 Major 7 d/yr ≥107°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 75% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,588
• − Mortgage interest: −$6,722
• − Property taxes: −$267
• − Insurance: −$600
• − Repairs & maintenance: −$1,727
• − Management: −$1,727
• − Depreciation: −$3,491
• Taxable income: $7,054
• Est. tax owed @ 24.0%: −$1,693
• After-tax cash flow: $6,943/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: Bibb County
• NCES district ID: 1300420
• Math proficiency: 11% ▼ -14.00%
• Reading proficiency: 18% ▼ -11.00%
• Median HH income: $37,426
• Composite: 12.13/100
• National rank: #9654
• State rank: #161 of 174 in GA

Livability — Macon-Bibb County

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Macon-Bibb County, GA
• City population: 143,186
• Population (ZIP): 1,957

Population outlook (Bibb County) Hauer SSP2

• Today (2025): 148,772 people
• By 2030: 145,904 · -1.9%
• By 2040: 139,404 · -6.3%
• By 2050: 131,603 · -11.5%
• By 2075: 111,050 · -25.4%
• By 2100: 83,346 · -44.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority White (65%)
• Race & ethnicity: White 65% Black 33% Two or more races 2%

Political lean MEDSL · Bibb

• 2024 margin: Strong D (+22.4) · D 61.0% · R 38.5%
• 2008→2024 swing: +4.4pp toward D · 2008: 18.0pp · 2024: 22.4pp
• All cycles: 2024: D+22.4 2020: D+23.8 2016: D+20.2 2012: D+20.0 2008: D+18.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• 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

-33.3% since first listed

7 events — show timeline

• 2026-05-14 Pending — GAMLS
• 2026-03-26 Listed $120,000 GAMLS
• 2026-03-25 Relisted — GAMLS
• 2026-03-25 Listing Removed — GAMLS
• 2026-02-10 Pending — GAMLS
• 2026-01-15 Price Changed $140,000 GAMLS
• 2025-12-29 Listed $180,000 GAMLS

Property tax history

-5.2%/yr

Latest (2025): $267 · -1.4% YoY. Source: county tax records.