3 Bay St · Porterdale, GA 30014

$189,900

2 bd · 1.5 ba · 1,560 sqft · SingleFamily public records · 501 Days on market

Built 1927 4,791 sqft lot $122/sqft · 12% below area Est $215k · 12% under ↓ 16% 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 +13.6/30.0
• ARV discount +12.8/15.0
• DSCR +4.1/10.0
• 1% rule +3.4/10.0
• Livability +2.9/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

BEAUTIFUL 2 bed/2 bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. Qualifying first time homebuyers may be eligible for a $3,500 grant to help with down payment assistance. This won't last long, make an appointment to see this today!

Key facts

• Kayak launch
• Move-in ready
• Walking distance

Tags

• HISTORIC DISTRICT
• WALKING DISTANCE
• YELLOW RIVER PARK
• KAYAK LAUNCH
• UPDATED KITCHEN
• MOVE-IN READY

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $12 ($140/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 $160k (15.7% below list).
• Recommended offer: $160k (15.7% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 5.0% in Porterdale — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 58/100 on livability (#447 in GA) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime B+, housing B; Watch: amenities F, commute F, employment F.
• Newton County (suburban): math 17% / reading 26% proficiency, ranked #137 of 174 in GA (top 79%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Newton County Theme School At Ficquett (math 49% / reading 65%, grade C+, #151 of 1,228 statewide, top 13%, 977 students, 29% FRL); Liberty Middle School (math 7% / reading 15%, grade F, #426 of 470 statewide, top 91%, 944 students, 85% FRL); Newton High School (math 8% / reading 12%, grade F, #365 of 424 statewide, top 88%, 2,472 students, 85% FRL).
• Market conditions: Rents flat; 486 active listings in the ZIP; 17 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 1,480 units permitted in Newton County in 2024 (702 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Newton County population projected at +23% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 501 days — a 12% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $35k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1927 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $160,096 (15.7% below list)

Questions for the listing agent

1. It's been on market 501 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
2. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.84% ✗
• Cap rate: 6.37%
• Cash-on-cash: 0.26%
• DSCR: 1.01
• GRM: 9.9

CMA / ARV

• ARV (median comp): $215,260
• List price: $189,900
• Delta: -11.78%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3 Oak St	0.26mi	3/2.0 (+1)	1,590 (+2%)	4mo	$150,000	$94	75
27 N Broad St	0.31mi	1/1.5 (-1)	1,608 (+3%)	1mo	$212,000	$132	74
41 N Broad St	0.21mi	3/2.0 (+1)	1,590 (+2%)	10mo	$184,000	$116	71
31 N Broad St	0.29mi	3/2.0 (+1)	1,590 (+2%)	8mo	$239,000	$150	69
2 Palmetto St	0.31mi	3/2.0 (+1)	1,590 (+2%)	7mo	$119,000	$75	69
7 Cotton Ave	0.47mi	2/2.5	1,506 (-4%)	1mo	$215,000	$143	68
11 Pine St	0.22mi	3/2.0 (+1)	1,725 (+11%)	11mo	$278,000	$161	56
9 N Broad St	0.39mi	2/1.0	1,348 (-14%)	7mo	$105,000	$78	51
29 Ivy St	0.42mi	3/2.0 (+1)	1,388 (-11%)	11mo	$130,000	$94	46
9138 Parnell St SW	0.61mi	2/2.0	1,427 (-8%)	12mo	$235,000	$165	46
10195 Westview Dr SW	0.58mi	3/2.0 (+1)	1,389 (-11%)	8mo	$142,000	$102	42
9178 Lakeview Dr	0.74mi	3/2.0 (+1)	1,355 (-13%)	2mo	$235,000	$173	34

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 · 0.52% rent growth · sell at horizon

5-year hold

• IRR: -18.6%
• Equity multiple: 0.36×
• Total profit: $-33,939
• Equity at exit: $28,315

10-year hold

• IRR: -16.6%
• Equity multiple: 0.17×
• Total profit: $-43,867
• Equity at exit: $16,419

Cash invested: $53,172 (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 30014

• Home prices YoY: -19.2%
• Rents YoY: 0.5%
• Active inventory: 486
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $1,601 high
• Mortgage (P&I): −$996
• Tax from tax record: −$178 /mo · $2,137/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$336
• Net cashflow: $12

Break-even live

Break-even rent $1,586

Max offer price $189,900

Occupancy floor 94%

Sensitivity live

Price	-10% $119	-5% $65	+0% $12	+5% $-42	+10% $-96
Rent	-10% $-115	-5% $-52	+0% $12	+5% $75	+10% $138
Rate	-1.0pp $107	-0.5pp $60	base $12	+0.5pp $-38	+1.0pp $-88

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 17 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
65 Kenzi Way SW Covington, GA	3.0	2.0	1217	$1,000	$0.82	7d	1	0.21mi
9220 Spillers Dr SW Covington, GA	3.0	2.0	1192	$1,455	$1.22	7d	1	0.60mi
8247 Spillers Dr SW Covington, GA	3.0	1.5	1530	$1,500	$0.98	14d	1	0.73mi
8189 Spillers Dr SW Covington, GA	2.0	2.5	1080	$1,395	$1.29	7d	1	0.83mi
27 Elm St Covington, GA	3.0	2.0	1590	$1,800	$1.13	45d	1	0.93mi
15 Magan Ct Porterdale, GA	3.0	2.0	1656	$1,725	$1.04	14d	1	0.96mi
15 Magan Ct Porterdale, GA	3.0	2.5	1656	$1,750	$1.06	45d	1	0.96mi
10154 Allen Dr SW Covington, GA	3.0	2.0	1056	$1,800	$1.70	7d	1	1.11mi
10154 Allen Dr SW Covington, GA	3.0	2.0	1056	$1,800	$1.70	22d	1	1.11mi
10 Brandon Dr Covington, GA	3.0	2.0	1215	$1,950	$1.60	45d	1	1.20mi
6126 Avery St SW Covington, GA	3.0	2.5	1600	$1,831	$1.14	0d	1	1.24mi
75 Wynfield Dr Covington, GA	3.0	2.0	1160	$1,890	$1.63	0d	1	1.34mi
9136 Tara Dr SW Covington, GA	3.0	2.5	1530	$2,040	$1.33	7d	1	1.35mi
9159 Tara Dr SW Covington, GA	3.0	2.0	2204	$1,949	$0.88	7d	1	1.38mi
20 E Lawn Dr Covington, GA	3.0	2.0	1476	$1,819	$1.23	0d	1	1.39mi
9166 Tara Dr SW Covington, GA	3.0	2.0	1381	$1,650	$1.19	45d	1	1.41mi
150 Wynfield Dr Covington, GA	3.0	2.0	1232	$1,798	$1.46	45d	1	1.47mi

Listing history 35 events

1. 2026-06-21
   days on market $189,900 Active 501 DOM
2. 2026-06-18
   days on market $189,900 Active 498 DOM
3. 2026-06-17
   days on market $189,900 Active 497 DOM
4. 2026-06-16
   days on market $189,900 Active 496 DOM
5. 2026-06-15
   days on market $189,900 Active 495 DOM
6. 2026-06-13
   days on market $189,900 Active 493 DOM
7. 2026-06-13
   days on market $189,900 Active 492 DOM
8. 2026-06-09
   days on market $189,900 Active 489 DOM
9. 2026-06-08
   days on market $189,900 Active 488 DOM
10. 2026-06-07
    days on market $189,900 Active 487 DOM
11. 2026-06-04
    days on market $189,900 Active 484 DOM
12. 2026-06-03
    days on market $189,900 Active 483 DOM
13. 2026-06-02
    days on market $189,900 Active 482 DOM
14. 2026-06-01
    days on market $189,900 Active 481 DOM
15. 2026-05-31
    days on market $189,900 Active 480 DOM
16. 2026-04-17
    price $189,900 702-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

17. 2026-04-17
    price $189,900 622-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

18. 2026-01-31
    status Back On Market 622-char remark

    Show marketing remark (702 chars)

    BEAUTIFUL 2 bed/2 bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. Qualifying first time homebuyers may be eligible for a $3,500 grant to help with down payment assistance. This won't last long, make an appointment to see this today!

19. 2026-01-31
    status Active 702-char remark

    Show marketing remark (702 chars)

    BEAUTIFUL 2 bed/2 bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. Qualifying first time homebuyers may be eligible for a $3,500 grant to help with down payment assistance. This won't last long, make an appointment to see this today!

20. 2026-01-29
    historical 622-char remark

    Show marketing remark (702 chars)

    BEAUTIFUL 2 bed/2 bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. Qualifying first time homebuyers may be eligible for a $3,500 grant to help with down payment assistance. This won't last long, make an appointment to see this today!

21. 2026-01-29
    historical 702-char remark

    Show marketing remark (702 chars)

    BEAUTIFUL 2 bed/2 bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. Qualifying first time homebuyers may be eligible for a $3,500 grant to help with down payment assistance. This won't last long, make an appointment to see this today!

22. 2025-10-08
    price $194,900 702-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

23. 2025-10-08
    price $194,900 622-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

24. 2025-07-23
    price $199,900 702-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

25. 2025-07-23
    price $199,900 622-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

26. 2025-06-16
    price $207,500 702-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

27. 2025-06-16
    price $207,500 622-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

28. 2025-05-20
    price $212,500 702-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

29. 2025-05-20
    price $212,500 622-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

30. 2025-04-15
    price $214,900 702-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

31. 2025-04-15
    price $214,900 622-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

32. 2025-02-14
    price $220,000 702-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

33. 2025-02-14
    price $220,000 622-char remark

    Show marketing remark (622 chars)

    PRICE IMPROVEMENT*** BEAUTIFUL 2 bed/2 full bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. This won't last long, make an appointment to see this today!

34. 2025-02-03
    listed $225,000 New 622-char remark

    Show marketing remark (702 chars)

    BEAUTIFUL 2 bed/2 bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. Qualifying first time homebuyers may be eligible for a $3,500 grant to help with down payment assistance. This won't last long, make an appointment to see this today!

35. 2025-02-03
    listed $225,000 Active 702-char remark

    Show marketing remark (702 chars)

    BEAUTIFUL 2 bed/2 bath ranch home with large flex space in Porterdale's historic district. This home is walking distance from Porterdale's shops and restaurants as well as the Yellow River Park where there is a kayak launch, seasonal concerts and a disc golf course. This home is move-in ready with brand new LVP flooring, updated kitchen, freshly painted interior and exterior, brand-new oven/range, oversized bedrooms, high ceilings and much more! You will be located just minutes from the sought after Covington square as well. Qualifying first time homebuyers may be eligible for a $3,500 grant to help with down payment assistance. This won't last long, make an appointment to see this today!

ⓘ 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: $2,137 · $178/mo
• Projected year-2 tax: $2,137 · $178/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 ≥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 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,212
• − Mortgage interest: −$10,637
• − Property taxes: −$2,137
• − Insurance: −$950
• − Repairs & maintenance: −$1,537
• − Management: −$1,537
• − Depreciation: −$5,524
• Taxable loss: −$3,111
• Est. tax savings @ 24.0%: +$747
• After-tax cash flow: $887/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: Newton County
• NCES district ID: 1303930
• Math proficiency: 17% ▼ -13.00%
• Reading proficiency: 26% ▼ -8.00%
• Median HH income: $50,768
• Composite: 19.2/100
• National rank: #8816
• State rank: #137 of 174 in GA

Livability — Porterdale

• Score: 58/100
• State rank: #447
• US rank: #21362

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Porterdale, GA
• County: Newton County · 104,393 people
• City population: 76
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 41,425
• Household income: $72,254
• Rent vs Own: 38.7% rent · 61.3% own
• Severe rent burden: 1934.0

Population outlook (Newton County) Hauer SSP2

• Today (2025): 118,372 people
• By 2030: 124,234 · +5.0%
• By 2040: 135,550 · +14.5%
• By 2050: 145,309 · +22.8%
• By 2075: 166,843 · +40.9%
• By 2100: 175,800 · +48.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 53% Black 35% Hispanic / Latino 7% Two or more races 6% Asian 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Slovak 2% Serbian 1%
• Foreign-born: 7% · Canada
• Languages at home: 93% English-only · Spanish 5% Other Indo-European 1%

Political lean MEDSL · Newton

• 2024 margin: D (+15.1) · D 57.3% · R 42.2%
• 2008→2024 swing: +14.0pp toward D · 2008: 1.2pp · 2024: 15.1pp
• All cycles: 2024: D+15.1 2020: D+10.9 2016: D+2.4 2012: D+2.0 2008: D+1.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -64.50%
• Current HPI: 270.9868
• Rent YoY: ▲ 0.52%
• 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

-15.6% since first listed

20 events — show timeline

• 2026-04-17 Price Changed $189,900 FMLS
• 2026-04-17 Price Changed $189,900 GAMLS
• 2026-01-31 Relisted — GAMLS
• 2026-01-31 Relisted — FMLS
• 2026-01-29 Listing Removed — FMLS
• 2026-01-29 Listing Removed — GAMLS
• 2025-10-08 Price Changed $194,900 FMLS
• 2025-10-08 Price Changed $194,900 GAMLS
• 2025-07-23 Price Changed $199,900 FMLS
• 2025-07-23 Price Changed $199,900 GAMLS
• 2025-06-16 Price Changed $207,500 FMLS
• 2025-06-16 Price Changed $207,500 GAMLS
• 2025-05-20 Price Changed $212,500 FMLS
• 2025-05-20 Price Changed $212,500 GAMLS
• 2025-04-15 Price Changed $214,900 FMLS
• 2025-04-15 Price Changed $214,900 GAMLS
• 2025-02-14 Price Changed $220,000 FMLS
• 2025-02-14 Price Changed $220,000 GAMLS
• 2025-02-03 Listed $225,000 FMLS
• 2025-02-03 Listed $225,000 GAMLS

Property tax history

+33.7%/yr

Latest (2025): $2,137 · +3.8% YoY. Source: county tax records.