67 Chastain Cir · Newnan, GA 30263

$240,000

3 bd · 2.5 ba · 1,500 sqft · SingleFamily public records · 44 Days on market

Built 2020 $160/sqft · 11% below area Est $271k · 11% under $23/mo HOA · 1% of rent ↓ 20% since listing

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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 +15.7/30.0
• ARV discount +12.6/15.0
• DSCR +4.8/10.0
• 1% rule +3.8/10.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Beautiful Townhome | Open Concept Living and Private Owner Suite | This Home is Designed for Modern Living and Effortless Entertaining. The Spacious Kitchen with Large Island w/ Eat-at Bar Boasts Granite Counters, Stainless Steel Appliances | Inviting Living Area is highlighted w/ a Cozy Electric Fireplace creating the Perfect Atmosphere for Relaxing Evenings at home | Upstairs you'll find (3) Generously Sized Bedrooms, (2) Private Full Bathrooms ideal for roommates, guests, or added privacy. Bedrooms also feature additional flex space perfect for a reading nook, home office or a sit-down area. This is a must see so don't delay call for an appt to see it today.

Key facts

• Private owner suite
• Open concept living
• Spacious kitchen

Tags

• OPEN CONCEPT LIVING
• PRIVATE OWNER SUITE
• SPACIOUS KITCHEN
• LARGE ISLAND
• GRANITE COUNTERS
• STAINLESS STEEL APPLIANCES

Property features AI

Finance

• Other: Property located in Chastain Park subdivision, Newnan, GA; Multiple financing options accepted including Cash, Conventional, FHA, USDA, VA, and 1031 Exchange
• HOA & community: Homeowners association with a $275 fee (includes management fee); Sidewalks, street lights, near public transport

Exterior

• Parking: Garage (1 parking space)
• Utilities: Public water; Public sewer; Electricity available; High speed internet available; Phone available; Cable available; Underground utilities; Sewer connected; Water available
• Home design: Single family residence; Residential house; Two levels; Resale property
• Construction: Built in 2020; Brick, concrete and vinyl siding construction
• Exterior features: Composition roof; Level lot

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Refrigerator; Stainless steel appliances
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Hardwood
• Bathrooms: 2 full bathrooms; 1 half bathroom (2.5 total bathrooms)
• Heating & cooling: Central heating; Central air conditioning; Ceiling fan(s)
• Interior features: High ceilings; Separate shower; Soaking tub; Tray ceilings; Walk-in closets; Factory-built fireplace in the family room
• Laundry & utility: Washer and dryer included; Laundry closet; Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $105 ($1k/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 $212k (11.5% below list).
• Recommended offer: $212k (11.5% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 3.8% in Newnan — 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 (#184 in GA) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-, employment B; Watch: crime F, amenities F, commute F.
• Coweta County (rural): math 37% / reading 43% proficiency, ranked #36 of 174 in GA (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: White Oak Elementary School (math 46% / reading 42%, grade F, #356 of 1,228 statewide, top 30%, 693 students, 48% FRL); Arnall Middle School (math 31% / reading 40%, grade F, #185 of 470 statewide, top 40%, 713 students, 52% FRL); East Coweta High School (math 22% / reading 38%, grade F, #135 of 424 statewide, top 32%, 3,212 students, 30% FRL).
• Market conditions: Rents rising (+2.9%/yr); 529 active listings in the ZIP; 27 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 963 units permitted in Coweta County in 2024 (8 in 5+ unit buildings).
• This rent runs 32% of the median local income ($79k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Coweta County population projected at +31% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($233k) is reasonable based on typical stale-listing flexibility.

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 $212,327 (11.5% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
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 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?
5. Crime grade is F 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.88% ✗
• Cap rate: 6.82%
• Cash-on-cash: 1.88%
• DSCR: 1.08
• GRM: 9.4

CMA / ARV

• ARV (median comp): $271,010
• List price: $240,000
• Delta: -11.44%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
138 Pope Ln	0.26mi	3/2.0	1,410 (-6%)	4mo	$215,000	$152	73
67 Preserve Dr	0.59mi	3/2.5	1,629 (+9%)	2mo	$271,350	$167	56
14 Pinson St	0.61mi	3/1.0	1,489 (-1%)	14mo	$90,000	$60	52
325 E Broad St	0.53mi	3/2.5	1,574 (+5%)	19mo	$302,000	$192	51
113 E Broad St	0.66mi	3/2.0	1,368 (-9%)	3mo	$339,000	$248	50
19 Pinson St	0.64mi	3/2.0	1,426 (-5%)	23mo	$215,000	$151	40

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 · 2.87% rent growth · sell at horizon

5-year hold

• IRR: -13.5%
• Equity multiple: 0.52×
• Total profit: $-32,499
• Equity at exit: $35,785

10-year hold

• IRR: -4.8%
• Equity multiple: 0.69×
• Total profit: $-20,907
• Equity at exit: $20,751

Cash invested: $67,200 (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 30263

• Home prices YoY: -34.5%
• Rents YoY: 2.9%
• Active inventory: 529
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,123 high
• Mortgage (P&I): −$1,259
• Tax from tax record: −$191 /mo · $2,289/yr
• Insurance: −$100
• HOA: −$23
• Vacancy / Maint / Mgmt: −$446
• Net cashflow: $105

Break-even live

Break-even rent $1,990

Max offer price $240,000

Occupancy floor 90%

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Rent comps 27 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
62 Chastain Cir Newnan, GA	3.0	2.5	1500	$1,950	$1.30	43d	1	0.02mi
85 Chastain Cir Newnan, GA	3.0	2.5	1477	$2,200	$1.49	17d	1	0.04mi
138 Greison Trl Newnan, GA	1.0–2.0	1.0–2.0	962	$1,918	$1.99	2d	20	0.33mi
62 Sepia Oak Dr Newnan, GA	3.0	2.5	1379	$2,295	$1.66	11d	1	0.37mi
62 Sepia Oak Dr Newnan, GA	3.0	2.5	1384	$2,200	$1.59	1d	1	0.37mi
60 Jane Ln Newnan, GA	1.0–3.0	1.0–3.0	1293	$2,225	$1.72	2d	19	0.50mi
11 Rockcress Ct Newnan, GA	3.0	2.5	1640	$1,895	$1.16	43d	1	0.59mi
139 Preserve Dr Newnan, GA	3.0	2.5	1748	$2,015	$1.15	43d	1	0.59mi
3 Halcyon Ln Newnan, GA	3.0–4.0	2.0–2.5	1716	$2,355	$1.37	17d	1	0.61mi
3 Halcyon Ln Newnan, GA	3.0–4.0	2.0–2.5	1716	$2,300	$1.34	43d	11	0.61mi
80 Newnan Lakes Blvd Newnan, GA	1.0–3.0	1.0–2.0	966	$1,840	$1.90	3d	8	0.63mi
45 Newnan Lakes Dr Newnan, GA	3.0	2.5	1588	$2,050	$1.29	24d	1	0.68mi
26 Tahoe Dr Newnan, GA	3.0	2.5	2102	$2,200	$1.05	3d	1	0.70mi
75 Tahoe Dr Newnan, GA	3.0	2.5	2039	$2,300	$1.13	43d	1	0.74mi
110 Newnan Lakes Dr Newnan, GA	3.0	2.5	1822	$2,295	$1.26	4d	1	0.75mi
71 Covington Ter Newnan, GA	3.0	2.5	1975	$2,195	$1.11	5d	1	0.76mi
31 Reynolds St Newnan, GA	3.0	1.0	1336	$1,495	$1.12	43d	1	0.87mi
31 Reynolds St Newnan, GA	3.0	1.0	1336	$1,395	$1.04	24d	1	0.87mi
300 Ashley Park Blvd Newnan, GA	1.0–3.0	1.0–2.5	1147	$2,501	$2.18	1d	51	0.89mi
49 North St Newnan, GA	3.0	2.0	1300	$1,800	$1.38	24d	1	1.07mi
10 American Ave Newnan, GA	2.0	2.5	1331	$2,066	$1.55	5d	6	1.09mi
2019 Newnan Crossing Byp Newnan, GA	3.0	1.0–2.0	994	$2,250	$2.26	2d	32	1.24mi
101 Ashley Park Dr Newnan, GA	1.0–3.0	1.0–2.0	1022	$2,618	$2.56	1d	21	1.30mi
6 Iron DR #91 Newnan, GA	3.0	3.5	1920	$2,100	$1.09	24d	1	1.44mi
33 Cobalt Ln Newnan, GA	3.0	3.5	1919	$2,195	$1.14	24d	1	1.47mi
33 Cobalt Ln Newnan, GA	3.0	3.5	1919	$2,195	$1.14	43d	1	1.47mi
22 Nickel Dr Newnan, GA	3.0	3.5	1919	$2,280	$1.19	3d	1	1.47mi

HOA detail

• Monthly dues: $23 · $276/yr
• Likely covers: electric

Listing history 16 events

1. 2026-06-18
   days on market $240,000 Active 44 DOM
2. 2026-06-17
   days on market $240,000 Active 43 DOM
3. 2026-06-16
   days on market $240,000 Active 42 DOM
4. 2026-06-15
   days on market $240,000 Active 41 DOM
5. 2026-06-13
   days on market $240,000 Active 39 DOM
6. 2026-06-09
   days on market $240,000 Active 35 DOM
7. 2026-06-08
   days on market $240,000 Active 34 DOM
8. 2026-06-07
   days on market $240,000 Active 33 DOM
9. 2026-06-04
   days on market $240,000 Active 30 DOM
10. 2026-06-03
    days on market $240,000 Active 29 DOM
11. 2026-06-02
    days on market $240,000 Active 28 DOM
12. 2026-06-01
    days on market $240,000 Active 27 DOM
13. 2026-05-31
    days on market $240,000 Active 26 DOM
14. 2026-05-05
    listed $240,000 New 669-char remark
15. 2020-01-10
    soldstatus $384,700
16. 2009-07-23
    soldstatus $300,000

ⓘ 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: $2,289 · $191/mo
• Projected year-2 tax: $2,289 · $191/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥104°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: $25,479
• − Mortgage interest: −$13,444
• − Property taxes: −$2,289
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,038
• − Management: −$2,038
• − HOA: −$276
• − Depreciation: −$6,982
• Taxable loss: −$2,788
• Est. tax savings @ 24.0%: +$669
• After-tax cash flow: $1,930/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: Coweta County
• NCES district ID: 1301500
• Math proficiency: 37% ▼ -16.00%
• Reading proficiency: 43% ▼ -11.00%
• Median HH income: $62,978
• Composite: 35.72/100
• National rank: #4860
• State rank: #36 of 174 in GA

Livability — Newnan

• Score: 66/100
• State rank: #184
• US rank: #11578

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newnan, GA
• County: Coweta County · 148,589 people
• City population: 101,637
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 61,695
• Household income: $78,992
• Rent vs Own: 30.9% rent · 69.1% own
• Severe rent burden: 1320.0

Population outlook (Coweta County) Hauer SSP2

• Today (2025): 162,063 people
• By 2030: 173,373 · +7.0%
• By 2040: 194,658 · +20.1%
• By 2050: 212,246 · +31.0%
• By 2075: 246,544 · +52.1%
• By 2100: 257,059 · +58.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 60% Black 25% Hispanic / Latino 9% Two or more races 4% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2%
• Common ancestry: Slovak 2% Lithuanian 1% Serbian 1%
• Foreign-born: 8% · Canada, China, Jamaica
• Languages at home: 90% English-only · Spanish 7% Chinese 1% Other Indo-European 1%

Political lean MEDSL · Coweta

• 2024 margin: Solid R (+33.9) · D 32.7% · R 66.6%
• 2008→2024 swing: +7.3pp toward D · 2008: -41.2pp · 2024: -33.9pp
• All cycles: 2024: R+33.9 2020: R+35.5 2016: R+42.3 2012: R+44.1 2008: R+41.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -131.23%
• Current HPI: 249.0207
• Rent YoY: ▲ 2.87%
• 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

-20.0% since first listed

3 events — show timeline

• 2026-05-05 Listed $240,000 GAMLS
• 2020-01-10 Sold (Public Records) $384,700 Public Records
• 2009-07-23 Sold (Public Records) $300,000 Public Records

Property tax history

+12.5%/yr

Latest (2025): $2,289 · +0.9% YoY. Source: county tax records.