357 Glendale Dr · Hartwell, GA 30643

$130,000

3 bd · 1.0 ba · 1,568 sqft · SingleFamily public records · 15 Days on market

Built 1926 0.89 ac lot

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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
• DSCR +10.0/10.0
• 1% rule +9.7/10.0
• ARV discount +7.5/15.0
• Livability +3.1/5.0
• 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 in the city limits of Hartwell, GA! Situated on a beautiful, level lot and located just minutes from Lake Hartwell, this property offers endless potential. Conveniently located near shopping, dining, and recreation. Property is being sold "as is. "

Key facts

• Near dining
• Near shopping
• Level lot

Tags

• INVESTMENT OPPORTUNITY
• LEVEL LOT
• MINUTES FROM LAKE HARTWELL
• NEAR SHOPPING
• NEAR DINING
• NEAR RECREATION

Property features AI

Finance

• Other: Property listed as fixer
• Financial info: Listing accepts Cash and Conventional financing
• HOA & community: No HOA

Exterior

• Parking: Off-street parking; Parking pad; Open parking
• Utilities: Public water available; Public sewer (sewer connected); Electricity available; High-speed internet available
• Home design: Single-family house; One story; Residential property; Built in 1926
• Construction: Vinyl siding; Composition roof; Block foundation
• Exterior features: Deck; Porch; Screened porch; City lot; Level lot

Interior

• Bedrooms: Three bedrooms on the main level
• Flooring: Carpet; Laminate; Other
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Sun room; Living room fireplace; Laundry closet; One-level living; Other interior features
• Laundry & utility: Laundry located in a closet

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $722 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $128k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.0% vs local median 3.3% in Hartwell — 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 61/100 on livability (#342 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+; Watch: housing C-, health & safety C-, crime D.
• Hart County (town): math 32% / reading 33% proficiency, ranked #82 of 174 in GA (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hartwell Elementary School (math 26% / reading 29%, grade F, #682 of 1,228 statewide, top 56%, 559 students, 70% FRL) — zoned schools average 70% FRL vs 53% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 281 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 170 units permitted in Hart County in 2024 (8 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Hart County population projected to shrink 4% 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 $36k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $128,050 (1.5% below list)

Questions for the listing agent

1. Built in 1926 — 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 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?
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: 1.47% ✓
• Cap rate: 12.96%
• Cash-on-cash: 23.80%
• DSCR: 2.06
• GRM: 5.7

CMA / ARV

• ARV (on-the-fly): $277,536
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
70 Golden Oaks Dr	0.57mi	3/2.0	1,556 (-1%)	1mo	$275,000	$177	67
83 Crestwood Dr	0.44mi	3/2.0	1,500 (-4%)	2mo	$284,900	$190	66
638 Highland Avenue Ave	0.62mi	3/2.0	1,600 (+2%)	2mo	$350,000	$219	62
132 Golden Oaks Dr	0.56mi	3/2.0	1,531 (-2%)	12mo	$309,990	$202	56
34 Golden Oaks Dr	0.58mi	3/2.0	1,444 (-8%)	4mo	$270,000	$187	53
135 Highland Ave	0.55mi	3/2.0	1,649 (+5%)	12mo	$290,000	$176	52
121 Woodlake Lndg	0.71mi	3/2.0	1,530 (-2%)	11mo	$264,000	$173	50
575 W Howell St	0.19mi	2/1.0 (-1)	1,365 (-13%)	18mo	$115,000	$84	49
303 Vickery St	0.65mi	2/2.0 (-1)	1,596 (+2%)	13mo	$280,000	$175	47
47 Bowers Estates Dr	0.48mi	3/2.0	1,744 (+11%)	16mo	$299,900	$172	42
130 Vickery St	0.73mi	4/2.0 (+1)	1,600 (+2%)	23mo	$255,000	$159	35
419 N Carolina St	0.71mi	2/2.0 (-1)	1,724 (+10%)	18mo	$425,000	$247	26

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: 16.9%
• Equity multiple: 1.68×
• Total profit: $24,878
• Equity at exit: $19,383

10-year hold

• IRR: 25.5%
• Equity multiple: 3.22×
• Total profit: $80,721
• Equity at exit: $11,240

Cash invested: $36,400 (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 30643

• Home prices YoY: -16.7%
• Active inventory: 281
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,915 high
• Mortgage (P&I): −$682
• Tax from tax record: −$55 /mo · $664/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $722

Break-even live

Break-even rent $1,002

Max offer price $130,000

Occupancy floor 57%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
101 Fisher Dr Hartwell, GA	4.0	2.0	1678	$2,500	$1.49	13d	1	0.40mi
186 Maret St Hartwell, GA	3.0	2.0	1200	$1,500	$1.25	43d	1	0.43mi
234 Bowers Estates Rd Hartwell, GA	3.0	3.0	1500	$1,850	$1.23	43d	1	0.55mi
250 N Forest Ave Hartwell, GA	2.0	2.0	1092	$1,450	$1.33	11d	1	0.81mi
147 Race St Hartwell, GA	2.0	2.0	1791	$1,800	$1.01	13d	1	0.99mi

Listing history 12 events

1. 2026-06-19
   days on market $130,000 Active 15 DOM
2. 2026-06-18
   statusdays on market $130,000 Active 14 DOM
3. 2026-06-17
   days on market $130,000 New 13 DOM
4. 2026-06-16
   days on market $130,000 New 12 DOM
5. 2026-06-15
   days on market $130,000 New 11 DOM
6. 2026-06-14
   days on market $130,000 New 9 DOM
7. 2026-06-13
   days on market $130,000 New 8 DOM
8. 2026-06-10
   days on market $130,000 New 6 DOM
9. 2026-06-09
   days on market $130,000 New 5 DOM
10. 2026-06-08
    days on market $130,000 New 4 DOM
11. 2026-06-07
    remarks 271-char remark
12. 2026-06-07
    listed $130,000 New 3 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: $664 · $55/mo
• Projected year-2 tax: $1,196 · $100/mo
• Expected delta: +$532/yr (+$44/mo · 80.0%)

ⓘ 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 6/10 Major 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 11% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,986
• − Mortgage interest: −$7,282
• − Property taxes: −$664
• − Insurance: −$650
• − Repairs & maintenance: −$1,839
• − Management: −$1,839
• − Depreciation: −$3,782
• Taxable income: $6,930
• Est. tax owed @ 24.0%: −$1,663
• After-tax cash flow: $7,000/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: Hart County
• NCES district ID: 1302730
• Math proficiency: 32% ▼ -6.00%
• Reading proficiency: 33% ▼ -6.00%
• Median HH income: $37,494
• Composite: 27.08/100
• National rank: #7047
• State rank: #82 of 174 in GA

Livability — Hartwell

• Score: 61/100
• State rank: #342
• US rank: #17731

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hartwell, GA
• Population (ZIP): 16,520

Population outlook (Hart County) Hauer SSP2

• Today (2025): 25,855 people
• By 2030: 25,887 · +0.1%
• By 2040: 25,627 · -0.9%
• By 2050: 24,939 · -3.5%
• By 2075: 23,150 · -10.5%
• By 2100: 19,492 · -24.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Black 22% Two or more races 6% Hispanic / Latino 1%
• Common ancestry: Slovak 2% Lithuanian 2% Romanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Hart

• 2024 margin: Solid R (+54.8) · D 22.4% · R 77.2%
• 2008→2024 swing: -23.1pp toward R · 2008: -31.7pp · 2024: -54.8pp
• All cycles: 2024: R+54.8 2020: R+49.6 2016: R+46.7 2012: R+38.4 2008: R+31.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -59.98%
• Current HPI: 299.7363
• 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

1 event — show timeline

• 2026-06-03 Listed $130,000 GAMLS

Property tax history

+1.9%/yr

Latest (2025): $664 · +1.0% YoY. Source: county tax records.