118 Tye St · Stockbridge, GA 30281

$129,000

2 bd · 1.0 ba · 660 sqft · SingleFamily public records · 365 Days on market

Built 1956 4,356 sqft lot $195/sqft · 19% above area Est $109k · 19% over

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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).

• Cash flow +21.9/30.0
• DSCR +7.0/10.0
• 1% rule +5.8/10.0
• Livability +3.0/5.0
• Rent growth +2.7/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

6-property package now available, fully leased, cash flowing, and ready to go. Month-to-month leases. Rental Portfolio, 6 properties in prime Georgia locations. Fully tenant occupied. Strong rental history. Buy one, several, or the full package. Sold as is. No mobile title. Investor owned. Close with and earnest money held by Dixon Law. Cash or ask about possible terms. Information believed accurate but should be verified.

Key facts

• 4,356 sq ft lot
• Built 1956
• Listed 365 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $137 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $129k).
• Recommended offer: $114k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.2% 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 flat; 586 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,989 units permitted in Henry County in 2024 (92 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $892 of loan paydown is wiped out by about $4k 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 365 days — a 12% lower offer ($114k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 13y 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 $31k; list at $129k implies a 312% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $113,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 365 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.08% ✓
• Cap rate: 8.19%
• Cash-on-cash: 6.77%
• DSCR: 1.30
• GRM: 7.7

CMA / ARV

• ARV (median comp): $108,757
• List price: $129,000
• Delta: 18.61%
• Verdict: OVERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.87% rent growth · sell at horizon

5-year hold

• IRR: -11.7%
• Equity multiple: 0.58×
• Total profit: $-15,008
• Equity at exit: $19,234

10-year hold

• IRR: -6.2%
• Equity multiple: 0.64×
• Total profit: $-13,018
• Equity at exit: $11,154

Cash invested: $36,120 (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 30281

• Home prices YoY: -33.6%
• Rents YoY: 0.9%
• Active inventory: 586
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,391 medium
• Mortgage (P&I): −$676
• Tax from tax record: −$165 /mo · $1,977/yr
• Insurance: −$54
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $137

Break-even live

Break-even rent $1,217

Max offer price $129,000

Occupancy floor 85%

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: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
116 Lambert Dr Unit A Stockbridge, GA	2.0	1.0	600	$1,350	$2.25	18d	1	0.69mi

Listing history 22 events

1. 2026-06-18
   days on market $129,000 Active 365 DOM
2. 2026-06-17
   days on market $129,000 Active 364 DOM
3. 2026-06-16
   days on market $129,000 Active 363 DOM
4. 2026-06-15
   days on market $129,000 Active 362 DOM
5. 2026-06-13
   days on market $129,000 Active 360 DOM
6. 2026-06-09
   days on market $129,000 Active 356 DOM
7. 2026-06-08
   days on market $129,000 Active 355 DOM
8. 2026-06-07
   days on market $129,000 Active 354 DOM
9. 2026-06-04
   days on market $129,000 Active 351 DOM
10. 2026-06-03
    days on market $129,000 Active 350 DOM
11. 2026-06-02
    days on market $129,000 Active 349 DOM
12. 2026-06-01
    days on market $129,000 Active 348 DOM
13. 2026-05-31
    days on market $129,000 Active 347 DOM
14. 2025-12-01
    listed $129,000 New 427-char remark

    Show marketing remark (427 chars)

    6-property package now available, fully leased, cash flowing, and ready to go. Month-to-month leases. Rental Portfolio, 6 properties in prime Georgia locations. Fully tenant occupied. Strong rental history. Buy one, several, or the full package. Sold as is. No mobile title. Investor owned. Close with and earnest money held by Dixon Law. Cash or ask about possible terms. Information believed accurate but should be verified.

15. 2025-09-24
    price $129,000 494-char remark

    Show marketing remark (494 chars)

    6-property package now available - fully leased, cash-flowing, and ready to go. Leases in place through late 2025 and 2026. Rental Portfolio - 6 Properties in Prime Georgia Locations OVERVIEW: Fully tenant-occupied, Strong rental history, Buy one, several, or the full package. Sold as-is. No mobile title. Investor owned. Close with & EM held by Dixon Law. (cash or ask about possible terms). Information believed to be accurate. Should be verified. Call listing broker for all the details

16. 2025-06-16
    listed $139,000 New 494-char remark

    Show marketing remark (494 chars)

    6-property package now available - fully leased, cash-flowing, and ready to go. Leases in place through late 2025 and 2026. Rental Portfolio - 6 Properties in Prime Georgia Locations OVERVIEW: Fully tenant-occupied, Strong rental history, Buy one, several, or the full package. Sold as-is. No mobile title. Investor owned. Close with & EM held by Dixon Law. (cash or ask about possible terms). Information believed to be accurate. Should be verified. Call listing broker for all the details

17. 2014-01-14
    price $29,900
18. 2013-12-23
    soldstatus $31,333 Sold
19. 2013-12-16
    status Under Contract
20. 2013-12-13
    price $31,333
21. 2013-12-02
    price $29,900 Reduced
22. 2013-11-11
    listed $34,900 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: $1,977 · $165/mo
• Projected year-2 tax: $1,977 · $165/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 8/10 Severe FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 18 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: $16,692
• − Mortgage interest: −$7,226
• − Property taxes: −$1,977
• − Insurance: −$1,442
• − Repairs & maintenance: −$1,335
• − Management: −$1,335
• − Depreciation: −$3,753
• Taxable loss: −$378
• Est. tax savings @ 24.0%: +$91
• After-tax cash flow: $1,739/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

• Census place: Stockbridge, GA
• County: Henry County · 316,359 people
• City population: 71,603
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 71,603
• Household income: $71,213
• Rent vs Own: 37.7% rent · 62.3% own
• Severe rent burden: 2464.0

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: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Black 55% White 28% Hispanic / Latino 11% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Hispanic 1% Italian 1% Romanian 1%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 86% English-only · Spanish 8% Vietnamese 2% 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: ▼ -104.76%
• Current HPI: 207.2332
• Rent YoY: ▲ 0.87%
• 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

+269.6% since first listed

9 events — show timeline

• 2025-12-01 Listed $129,000 GAMLS
• 2025-09-24 Price Changed $129,000 GAMLS
• 2025-06-16 Listed $139,000 GAMLS
• 2014-01-14 Price Changed $29,900 GAMLS
• 2013-12-23 Sold (MLS) $31,333 GAMLS
• 2013-12-16 Pending — GAMLS
• 2013-12-13 Price Changed $31,333 GAMLS
• 2013-12-02 Price Changed $29,900 GAMLS
• 2013-11-11 Listed $34,900 GAMLS

Property tax history

+5.3%/yr

Latest (2025): $1,977 · -0.5% YoY. Source: county tax records.