119 Park Ridge Cir · Emerson, GA 30137

$306,890

3 bd · 2.5 ba · 1,764 sqft · Townhouse · 11 Days on market

Built 2026 2,265 sqft lot $150/mo HOA · 7% of rent

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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).

• Appreciation +10.0/10.0
• Cash flow +8.1/30.0
• ARV discount +7.5/15.0
• Livability +3.3/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0
• 1% rule +1.9/10.0

Listing remarks

Promotional Pricing for the last Monroe Building in Stegall Village! Ready in June! Set high above it all, Stegall Village offers scenic views paired with quick access to I-75, minutes from Lake Allatoona, Red Top Mountain, shopping, and dining! Residents enjoy a pool and clubhouse community with one of the lowest HOA fees in the area. The thoughtfully designed Monroe B is our largest floorplan and includes superior features like 8ft entry doors and luxury vinyl plank! This charming two-story home offers 3 bedrooms, 2.5 baths, a loft, and a rear entry garage. The open-concept main level is designed for modern living, with a gourmet kitchen that features a walk-in pantry, quartz countertops

Key facts

• Lowest hoa fees
• Gourmet kitchen
• Quick access to i-75

Tags

• QUICK ACCESS TO I-75
• MINUTES FROM LAKE ALLATOONA
• POOL AND CLUBHOUSE COMMUNITY
• LOWEST HOA FEES
• GOURMET KITCHEN
• WALK-IN PANTRY

Property features AI

Finance

• Other: Property located in Stegall Village, Bartow County
• HOA & community: Association fee $1,800 annually; Community of approximately 7 units (in this community)

Exterior

• Parking: One garage space; Total of two parking spaces; Driveway; Parking pad; Open parking available
• Utilities: Public water; Public sewer; Cable available; Electricity available; Underground utilities
• Home design: Two levels; New construction; Fee simple ownership
• Construction: HardiPlank-type siding; Composition roof; Slab foundation
• Exterior features: Asphalt road access; Community clubhouse; Community pool

Interior

• Kitchen: Kitchen island; Solid surface counters; Open view to family room; Dishwasher; Electric range; Microwave; Garbage disposal
• Bedrooms: Three upper-level bedrooms; Split bedroom plan
• Flooring: Carpet; Luxury vinyl
• Bathrooms: Two full bathrooms; One half bathroom; Master bath with shower only
• Heating & cooling: Heat pump for heating and cooling
• Interior features: Tray ceilings; End unit; Electric fireplace
• Laundry & utility: Upper-level laundry; Electric dryer hookup; Electric water heater

🏗️ New construction. The $306,890 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $299,880.

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $307k.

Deal economics

• At list price, monthly cash flow is $-299 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $247k (19.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $206k (32.8% below list).
• Recommended offer: $206k (32.8% below list) — sets the bar for 1% rule.
• Cap rate 5.1% vs local median 3.0% in Emerson — 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 66/100 on livability (#203 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: amenities F, commute F.
• Bartow County (rural): math 33% / reading 34% proficiency, ranked #70 of 174 in GA (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Emerson Elementary School (math 32% / reading 32%, grade F, #582 of 1,228 statewide, top 50%, 386 students, 67% FRL); Red Top Middle School (math 26% / reading 28%, grade F, #271 of 470 statewide, top 60%, 565 students, 70% FRL); Woodland High School (math 11% / reading 36%, grade F, #206 of 424 statewide, top 48%, 1,451 students, 48% FRL).
• Market conditions: 38 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 1,618 units permitted in Bartow County in 2024 (265 in 5+ unit buildings).

Forward outlook

• In year one you build about $32k of equity ($2k loan paydown + $30k appreciation (10.0% local appreciation)).
• By year 2, paydown + projected appreciation supports a ~$52k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $206,362 (32.8% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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.
7. 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.
8. 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: 0.69% ✗
• Cap rate: 5.10%
• Cash-on-cash: -4.27%
• DSCR: 0.81
• GRM: 12.1

CMA / ARV

• ARV (on-the-fly): $299,880
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
475 Crown Dr	0.02mi	3/2.5	1,764 (0%)	3mo	$299,900	$170	96
489 Crown Dr	0.04mi	3/2.5	1,764 (0%)	3mo	$315,259	$179	96
475 Crown Dr	0.04mi	3/2.5	1,764 (0%)	3mo	$299,900	$170	96
483 Crown Dr	0.02mi	3/2.5	1,764 (0%)	4mo	$295,900	$168	96
479 Crown Dr	0.02mi	3/2.5	1,764 (0%)	4mo	$299,900	$170	96
477 Crown Dr	0.02mi	3/2.5	1,764 (0%)	4mo	$299,900	$170	96
481 Crown Dr	0.02mi	3/2.5	1,764 (0%)	4mo	$295,900	$168	96
495 Crown Dr	0.04mi	3/2.5	1,764 (0%)	4mo	$295,900	$168	95
495 Crown Dr	0.04mi	3/2.5	1,764 (0%)	4mo	$295,900	$168	95
493 Crown Dr	0.11mi	3/2.5	1,764 (0%)	4mo	$299,900	$170	92
520 Crown Dr	0.08mi	3/2.5	1,642 (-7%)	4mo	$342,845	$209	82
516 Crown Dr	0.07mi	3/2.5	1,537 (-13%)	5mo	$340,990	$222	71

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 21.2%
• Equity multiple: 2.72×
• Total profit: $144,251
• Equity at exit: $270,156

10-year hold

• IRR: 19.2%
• Equity multiple: 6.24×
• Total profit: $439,635
• Equity at exit: $582,601

Cash invested: $83,966 (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 30137

• Home prices YoY: 13.0%
• Active inventory: 38
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $2,064 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$81 /mo · $975/yr
• Insurance: −$125
• HOA: −$150
• Vacancy / Maint / Mgmt: −$433
• Net cashflow: $-299

Break-even live

Break-even rent $2,442

Max offer price $247,141

Occupancy floor —

Sensitivity live

Price	-10% $-129	-5% $-214	+0% $-299	+5% $-383	+10% $-468
Rent	-10% $-462	-5% $-380	+0% $-299	+5% $-217	+10% $-136
Rate	-1.0pp $-148	-0.5pp $-222	base $-299	+0.5pp $-376	+1.0pp $-455

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: $74,970
• Closing costs: $8,996
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
111 Park Ridge Cir Emerson, GA	3.0	3.0	1764	$2,250	$1.28	46d	1	0.04mi
103 Park Ridge Cir Emerson, GA	3.0	2.5	1764	$1,850	$1.05	46d	1	0.04mi
483 Crown Dr Emerson, GA	3.0	2.5	1764	$2,050	$1.16	0d	1	0.06mi
493 Crown Dr Allatoona Tad Emerson, GA	3.0	2.5	1764	$2,050	$1.16	0d	1	0.06mi
481 Crown Dr Emerson, GA	3.0	2.5	1764	$2,150	$1.22	46d	1	0.06mi
495 Crown Dr Cartersville, GA	3.0	2.5	1764	$2,050	$1.16	0d	1	0.06mi
479 Crown Dr Unit 479 Emerson, GA	3.0	2.5	1746	$2,050	$1.17	22d	1	0.06mi
479 Crown Dr Allatoona Tad Emerson, GA	3.0	2.5	1764	$2,050	$1.16	26d	1	0.06mi
380 Crown Dr Cartersville, GA	1.0–3.0	1.0–2.0	1010	$2,079	$2.06	0d	26	0.09mi

HOA detail

• Monthly dues: $150 · $1,800/yr
• Likely covers: pool

Listing history 7 events

1. 2026-06-21
   days on market $306,890 Active 11 DOM
2. 2026-06-18
   days on market $306,890 Active 8 DOM
3. 2026-06-17
   days on market $306,890 Active 7 DOM
4. 2026-06-16
   days on market $306,890 Active 6 DOM
5. 2026-06-15
   days on market $306,890 Active 5 DOM
6. 2026-06-13
   remarks 699-char remark
7. 2026-06-13
   listed $306,890 Active 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: $975 · $81/mo
• Projected year-2 tax: $2,823 · $235/mo
• Expected delta: +$1,848/yr (+$154/mo · 189.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $24,763
• − Mortgage interest: −$16,798
• − Property taxes: −$975
• − Insurance: −$1,499
• − Repairs & maintenance: −$1,981
• − Management: −$1,981
• − HOA: −$1,800
• − Depreciation: −$8,724
• Taxable loss: −$8,995
• Est. tax savings @ 24.0%: +$2,159
• After-tax cash flow: $-1,424/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: Bartow County
• NCES district ID: 1300330
• Math proficiency: 33% ▼ -8.00%
• Reading proficiency: 34% ▼ -7.00%
• Median HH income: $50,596
• Composite: 29.16/100
• National rank: #6577
• State rank: #70 of 174 in GA

Livability — Emerson

• Score: 66/100
• State rank: #203
• US rank: #12365

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Emerson, GA
• Population (ZIP): 1,807

Population outlook (Bartow County) Hauer SSP2

• Today (2025): 107,887 people
• By 2030: 109,594 · +1.6%
• By 2040: 111,038 · +2.9%
• By 2050: 109,046 · +1.1%
• By 2075: 99,484 · -7.8%
• By 2100: 83,431 · -22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Black 18% Hispanic / Latino 9% Two or more races 5% Native American 3%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Slovak 4% Lithuanian 2% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 8%

Political lean MEDSL · Bartow

• 2024 margin: Solid R (+51.0) · D 24.2% · R 75.2%
• 2008→2024 swing: -5.8pp toward R · 2008: -45.2pp · 2024: -51.0pp
• All cycles: 2024: R+51.0 2020: R+50.7 2016: R+55.2 2012: R+51.7 2008: R+45.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 37.24%
• Current HPI: 324.6054
• 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

• 2026-06-10 Listed $306,890 FMLS