140 Wendell Ct · Fayetteville, GA 30215

$349,900

3 bd · 2.0 ba · 1,679 sqft · SingleFamily public records · 14 Days on market

Built 1985 1.30 ac lot Est $327k · 7% 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 +12.0/30.0
• Schools +5.1/10.0
• ARV discount +4.4/15.0
• DSCR +3.6/10.0
• Livability +3.6/5.0
• Rent growth +3.3/5.0
• 1% rule +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

WONDERFUL RANCH WITH 3 LARGE BEDROOMS, VAULTED GREAT ROOM, FORMAL DINING ROOM, LARGE KITCHEN WITH BREAKFAST ROOM OR KEEPING ROOM ACRE PLUS LOT - BRING ALL OFFERS

Key facts

• Wooded lot
• 1.3 acre lot
• Garage

Tags

• WOODED LOT
• CREEK ALONG REAR PROPERTY LINE

Property features AI

Finance

• Other: Listing accepts Cash, Conventional, FHA, USDA Loan, and VA Loan
• HOA & community: No homeowners association

Exterior

• Parking: Attached garage with space for 2 vehicles
• Utilities: Public water; Septic tank; Electricity available; Natural gas available; High-speed internet available
• Home design: Single-family residence (house); One level; Resale property
• Construction: Brick construction; Composition roof; Slab foundation; Built in 1985
• Exterior features: Patio; Private lot; Partially wooded; Creek on the property

Interior

• Kitchen: Dishwasher; Stainless steel appliances; Breakfast bar
• Bedrooms: 3 bedrooms on the main level
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms (main level)
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Beamed ceilings; Walk-in closet(s); Factory-built fireplace (1)
• Laundry & utility: Laundry in hall

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $350k.

Deal economics

• At list price, monthly cash flow is $-80 ($-964/yr) — negative.
• To cash-flow at today's rent, offer at most $336k (4.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $264k (24.6% below list).
• Recommended offer: $264k (24.6% below list) — sets the bar for 1% rule.
• Cap rate 6.0% vs local median 4.4% in Fayetteville — 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 71/100 on livability (#86 in GA) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety B+, employment B; Watch: amenities F, commute F.
• Fayette County (suburban): math 52% / reading 60% proficiency, ranked #7 of 174 in GA (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Inman Elementary (math 56% / reading 56%, grade C+, #165 of 1,228 statewide, top 14%, 663 students, 32% FRL); Whitewater Middle School (math 55% / reading 65%, grade B, #41 of 470 statewide, top 9%, 864 students, 20% FRL); Whitewater High School (math 32% / reading 62%, grade D-, #37 of 424 statewide, top 9%, 1,387 students, 18% FRL) — zoned schools at 23% FRL track the district average.
• Market conditions: Rents rising (+3.2%/yr); 306 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 323 units permitted in Fayette County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Fayette County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 15y 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 $93k; list at $350k implies a 275% 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 6→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $263,702 (24.6% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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?
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: 0.75% ✗
• Cap rate: 6.02%
• Cash-on-cash: -0.98%
• DSCR: 0.96
• GRM: 11.1

CMA / ARV

• ARV (on-the-fly): $327,405
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
125 Wendell Ct	0.08mi	3/2.0	1,681 (+0%)	12mo	$360,000	$214	86
100 Field Green Ct	0.14mi	3/2.0	1,593 (-5%)	2mo	$310,000	$195	84
122 Hilo Rd	0.30mi	3/2.0	1,578 (-6%)	12mo	$315,000	$200	66
140 Wyonia Way	0.33mi	3/2.0	1,794 (+7%)	13mo	$299,900	$167	62
115 Forest Lake Ct	0.67mi	3/2.0	1,723 (+3%)	16mo	$330,000	$192	51
110 Heatherwood Dr	0.45mi	3/2.0	1,916 (+14%)	8mo	$369,000	$193	49

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 · 3.22% rent growth · sell at horizon

5-year hold

• IRR: -17.7%
• Equity multiple: 0.37×
• Total profit: $-61,345
• Equity at exit: $52,171

10-year hold

• IRR: -9.6%
• Equity multiple: 0.41×
• Total profit: $-58,067
• Equity at exit: $30,253

Cash invested: $97,972 (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 30215

• Rents YoY: 3.2%
• Active inventory: 306
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $2,637 high
• Mortgage (P&I): −$1,835
• Tax from tax record: −$183 /mo · $2,194/yr
• Insurance: −$146
• HOA: −$0
• Vacancy / Maint / Mgmt: −$554
• Net cashflow: $-80

Break-even live

Break-even rent $2,739

Max offer price $335,713

Occupancy floor 98%

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: $87,475
• Closing costs: $10,497
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
200 Ridge Way Fayetteville, GA	4.0	3.0	2209	$2,146	$0.97	24d	1	0.13mi
135 Murphy Creek Ln Fayetteville, GA	4.0	2.0	2100	$3,500	$1.67	24d	1	0.56mi
205 Kingswood Dr Fayetteville, GA	3.0	2.0	1820	$2,600	$1.43	43d	1	0.65mi
100 Brookwood Ln Fayetteville, GA	3.0	3.0	1662	$6,500	$3.91	10d	1	1.15mi
150 Bunny Ln Fayetteville, GA	4.0	2.0	1632	$2,200	$1.35	24d	1	1.39mi
155 N Hampton Dr Fayetteville, GA	3.0	2.0	1398	$2,250	$1.61	43d	1	1.47mi

Listing history 9 events

1. 2026-06-18
   statusdays on market $349,900 Active 14 DOM
2. 2026-06-17
   days on market $349,900 New 13 DOM
3. 2026-06-16
   days on market $349,900 New 12 DOM
4. 2026-06-15
   days on market $349,900 New 11 DOM
5. 2026-06-13
   days on market $349,900 New 9 DOM
6. 2026-06-09
   days on market $349,900 New 5 DOM
7. 2026-06-08
   days on market $349,900 New 4 DOM
8. 2026-06-07
   remarks 699-char remark
9. 2026-06-07
   listed $349,900 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: $2,194 · $183/mo
• Projected year-2 tax: $3,219 · $268/mo
• Expected delta: +$1,025/yr (+$85/mo · 46.7%)

ⓘ 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 6 d/yr ≥106°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,644
• − Mortgage interest: −$19,600
• − Property taxes: −$2,194
• − Insurance: −$1,750
• − Repairs & maintenance: −$2,532
• − Management: −$2,532
• − Depreciation: −$10,179
• Taxable loss: −$7,141
• Est. tax savings @ 24.0%: +$1,714
• After-tax cash flow: $750/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: Fayette County
• NCES district ID: 1302130
• Math proficiency: 52% ▼ -12.00%
• Reading proficiency: 60% ▼ -7.00%
• Median HH income: $80,746
• Composite: 50.67/100
• National rank: #1824
• State rank: #7 of 174 in GA

Livability — Fayetteville

• Score: 71/100
• State rank: #86
• US rank: #7167

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Fayette County · 112,821 people
• City population: 72,287
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 40,476
• Household income: $118,436
• Rent vs Own: 15.4% rent · 84.6% own
• Severe rent burden: 415.0

Population outlook (Fayette County) Hauer SSP2

• Today (2025): 120,914 people
• By 2030: 125,439 · +3.7%
• By 2040: 132,378 · +9.5%
• By 2050: 137,123 · +13.4%
• By 2075: 156,091 · +29.1%
• By 2100: 163,102 · +34.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 57% Black 26% Two or more races 7% Hispanic / Latino 6% Asian 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Slovak 3% Italian 2% Lithuanian 2%
• Foreign-born: 7% · Canada, China, Vietnam
• Languages at home: 90% English-only · Spanish 5% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Fayette

• 2024 margin: Toss-up / Even · D 48.0% · R 51.1%
• 2008→2024 swing: +27.5pp toward D · 2008: -30.7pp · 2024: -3.1pp
• All cycles: 2024: R+3.1 2020: R+6.8 2016: R+19.5 2012: R+31.4 2008: R+30.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -146.38%
• Current HPI: 238.3395
• Rent YoY: ▲ 3.22%
• 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

+299.9% since first listed

11 events — show timeline

• 2026-06-04 Listed $349,900 GAMLS
• 2014-10-30 Price Changed $93,200 GAMLS
• 2012-07-09 Sold (MLS) $93,200 GAMLS
• 2012-06-29 Listing Removed — GAMLS
• 2012-06-29 Listed $99,000 GAMLS
• 2012-06-29 Price Changed $99,000 GAMLS
• 2012-01-03 Listing Removed — GAMLS
• 2011-12-07 Price Changed $99,000 GAMLS
• 2011-08-18 Listed $114,900 GAMLS
• 1996-06-27 Sold (Public Records) $102,000 Public Records
• 1992-09-03 Sold (Public Records) $87,500 Public Records

Property tax history

+1.8%/yr

Latest (2025): $2,194 · +3.1% YoY. Source: county tax records.