130 Watertown Way · Fayetteville, GA 30215

$324,900

3 bd · 3.0 ba · 1,625 sqft · SingleFamily public records · 74 Days on market

Built 1988 1.00 ac lot $200/sqft · 11% below area Est $366k · 11% under

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Why this score? — see what drove the C- 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 +15.7/30.0
• ARV discount +12.6/15.0
• Schools +5.1/10.0
• DSCR +4.8/10.0
• Livability +3.6/5.0
• Rent growth +3.3/5.0
• 1% rule +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this wonderful move-in ready ranch located in the highly sought-after Whitewater School District! Step onto the charming front porch and into an inviting foyer featuring two convenient coat closets. The spacious family room is warm and welcoming, showcasing beautiful hardwood flooring, beamed ceilings, a ceiling fan, and cozy ventless gas logs with a wood-mantel fireplace - perfect for relaxing evenings at home. Enjoy seamless indoor-outdoor living with access to a screened porch and open deck, ideal for grilling, entertaining, or simply taking in the peaceful, private backyard views. The bright, open kitchen is designed for both functionality and style, offering tile flooring, abundant cabinetry, granite countertops, a built-in microwave, and a sunny breakfast area with a bay window overlooking the wooded backyard. A formal dining room with crown molding and chair rail provides the perfect setting for gatherings and special occasions. The primary suite offers comfort and privacy with a ceiling fan and a beautifully updated bathroom featuring tile flooring, granite counters, walk-in shower, linen closet, skylight, and a spacious walk-in closet. The split-bedroom floor plan includes two additional oversized bedrooms with ceiling fans and a full hallway bathroom with tile flooring, granite countertop, and shower/tub combination. Additional features include a convenient laundry closet with shelving, a linen closet in the hallway, a two-car garage, pull-down attic stairs for extra storage, and a brand new roof for added peace of mind. This inviting home truly has it all - comfort, style, and privacy - and is ready for its next owner to move right in and enjoy!

Key facts

• 1 acre lot
• Garage
• Built 1988

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $143 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $259k (20.2% below list).
• Recommended offer: $259k (20.2% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.3% 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: Sara Harp Minter Elementary School (math 61% / reading 62%, grade B, #114 of 1,228 statewide, top 9%, 783 students, 18% 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 19% FRL track the district average.
• Market conditions: Rents rising (+3.2%/yr); 311 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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

• It's been on market 74 days — a 6% lower offer ($305k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $85k; list at $325k implies a 282% 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 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $259,119 (20.2% below list)

Questions for the listing agent

1. It's been on market 74 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.80% ✗
• Cap rate: 6.82%
• Cash-on-cash: 1.89%
• DSCR: 1.08
• GRM: 10.4

CMA / ARV

• ARV (median comp): $366,309
• List price: $324,900
• Delta: -11.30%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
210 Grandchester Way	0.29mi	3/2.0	1,616 (-1%)	11mo	$365,000	$226	72
165 Nandover Way	0.34mi	3/2.5	1,579 (-3%)	10mo	$320,000	$203	69
125 Selena Ct	0.36mi	3/2.0	1,583 (-3%)	11mo	$366,944	$232	66
105 Dawn Dr	0.47mi	3/2.0	1,834 (+13%)	22mo	$550,000	$300	35

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: -13.2%
• Equity multiple: 0.53×
• Total profit: $-43,126
• Equity at exit: $48,444

10-year hold

• IRR: -4.0%
• Equity multiple: 0.73×
• Total profit: $-24,137
• Equity at exit: $28,091

Cash invested: $90,972 (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: 311
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,591 medium
• Mortgage (P&I): −$1,704
• Tax from tax record: −$65 /mo · $776/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$544
• Net cashflow: $143

Break-even live

Break-even rent $2,410

Max offer price $324,900

Occupancy floor 89%

Sensitivity live

Price	-10% $327	-5% $235	+0% $143	+5% $51	+10% $-41
Rent	-10% $-62	-5% $41	+0% $143	+5% $246	+10% $348
Rate	-1.0pp $307	-0.5pp $226	base $143	+0.5pp $59	+1.0pp $-27

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: $81,225
• Closing costs: $9,747
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
205 Kingswood Dr Fayetteville, GA	3.0	2.0	1820	$2,600	$1.43	45d	1	1.42mi

Listing history 18 events

1. 2026-06-21
   days on market $324,900 Active 74 DOM
2. 2026-06-18
   days on market $324,900 Active 71 DOM
3. 2026-06-17
   days on market $324,900 Active 70 DOM
4. 2026-06-16
   days on market $324,900 Active 69 DOM
5. 2026-06-15
   statusdays on market $324,900 Active 68 DOM
6. 2026-06-13
   pricestatusdays on market $324,900 Price Change 66 DOM
7. 2026-06-09
   days on market $349,900 Active 62 DOM
8. 2026-06-08
   days on market $349,900 Active 61 DOM
9. 2026-06-07
   days on market $349,900 Active 60 DOM
10. 2026-06-04
    days on market $349,900 Active 57 DOM
11. 2026-06-03
    days on market $349,900 Active 56 DOM
12. 2026-06-02
    days on market $349,900 Active 55 DOM
13. 2026-06-01
    days on market $349,900 Active 54 DOM
14. 2026-05-31
    days on market $349,900 Active 53 DOM
15. 2026-04-08
    listed $349,900 New 1705-char remark

    Show marketing remark (1705 chars)

    Welcome home to this wonderful move-in ready ranch located in the highly sought-after Whitewater School District! Step onto the charming front porch and into an inviting foyer featuring two convenient coat closets. The spacious family room is warm and welcoming, showcasing beautiful hardwood flooring, beamed ceilings, a ceiling fan, and cozy ventless gas logs with a wood-mantel fireplace - perfect for relaxing evenings at home. Enjoy seamless indoor-outdoor living with access to a screened porch and open deck, ideal for grilling, entertaining, or simply taking in the peaceful, private backyard views. The bright, open kitchen is designed for both functionality and style, offering tile flooring, abundant cabinetry, granite countertops, a built-in microwave, and a sunny breakfast area with a bay window overlooking the wooded backyard. A formal dining room with crown molding and chair rail provides the perfect setting for gatherings and special occasions. The primary suite offers comfort and privacy with a ceiling fan and a beautifully updated bathroom featuring tile flooring, granite counters, walk-in shower, linen closet, skylight, and a spacious walk-in closet. The split-bedroom floor plan includes two additional oversized bedrooms with ceiling fans and a full hallway bathroom with tile flooring, granite countertop, and shower/tub combination. Additional features include a convenient laundry closet with shelving, a linen closet in the hallway, a two-car garage, pull-down attic stairs for extra storage, and a brand new roof for added peace of mind. This inviting home truly has it all - comfort, style, and privacy - and is ready for its next owner to move right in and enjoy!

16. 2026-04-08
    historical $349,900 1705-char remark

    Show marketing remark (1705 chars)

    Welcome home to this wonderful move-in ready ranch located in the highly sought-after Whitewater School District! Step onto the charming front porch and into an inviting foyer featuring two convenient coat closets. The spacious family room is warm and welcoming, showcasing beautiful hardwood flooring, beamed ceilings, a ceiling fan, and cozy ventless gas logs with a wood-mantel fireplace - perfect for relaxing evenings at home. Enjoy seamless indoor-outdoor living with access to a screened porch and open deck, ideal for grilling, entertaining, or simply taking in the peaceful, private backyard views. The bright, open kitchen is designed for both functionality and style, offering tile flooring, abundant cabinetry, granite countertops, a built-in microwave, and a sunny breakfast area with a bay window overlooking the wooded backyard. A formal dining room with crown molding and chair rail provides the perfect setting for gatherings and special occasions. The primary suite offers comfort and privacy with a ceiling fan and a beautifully updated bathroom featuring tile flooring, granite counters, walk-in shower, linen closet, skylight, and a spacious walk-in closet. The split-bedroom floor plan includes two additional oversized bedrooms with ceiling fans and a full hallway bathroom with tile flooring, granite countertop, and shower/tub combination. Additional features include a convenient laundry closet with shelving, a linen closet in the hallway, a two-car garage, pull-down attic stairs for extra storage, and a brand new roof for added peace of mind. This inviting home truly has it all - comfort, style, and privacy - and is ready for its next owner to move right in and enjoy!

17. 1993-08-10
    soldstatus $85,000
18. 1988-10-18
    soldstatus $84,000

ⓘ 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: $776 · $65/mo
• Projected year-2 tax: $2,989 · $249/mo
• Expected delta: +$2,213/yr (+$184/mo · 285.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥106°F today · 19 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,094
• − Mortgage interest: −$18,199
• − Property taxes: −$776
• − Insurance: −$1,624
• − Repairs & maintenance: −$2,488
• − Management: −$2,488
• − Depreciation: −$9,452
• Taxable loss: −$3,933
• Est. tax savings @ 24.0%: +$944
• After-tax cash flow: $2,662/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

+316.5% since first listed

4 events — show timeline

• 2026-04-08 Listed $349,900 GAMLS
• 2026-04-08 Coming Soon $349,900 GAMLS
• 1993-08-10 Sold (Public Records) $85,000 Public Records
• 1988-10-18 Sold (Public Records) $84,000 Public Records

Property tax history

-4.5%/yr

Latest (2025): $776 · +3.3% YoY. Source: county tax records.