43 Warner Rd · Newnan, GA 30263

$260,000

3 bd · 2.0 ba · 1,312 sqft · SingleFamily public records · 73 Days on market

Built 2005 1.00 ac lot $198/sqft · 19% below area Est $319k · 19% under ↓ 26% since listing

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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 +15.4/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• Schools +3.6/10.0
• Livability +3.3/5.0
• 1% rule +3.2/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

A full acre in Newnan, a beautiful backyard, and no HOA. This is the home you were hoping to find. Tucked away on a quiet private road just off Highway 29, this home offers the peace and space of country living while still being just minutes from shopping, dining, the LINC and everything Newnan has to offer. Inside, the main level features stylish LVP flooring and a bright, comfortable living space designed for everyday living and easy entertaining. The primary bedroom is conveniently located on the main floor, while upstairs you'll find two additional bedrooms and a second full bathroom, giving everyone room to spread out. The updated kitchen is a natural gathering place and flows easily to a large laundry room with plenty of workspace. Step outside to the deck and enjoy the expansive level backyard framed by mature trees, perfect for morning coffee, evenings outside, gardening, pets, or hosting friends and family. Homes offering this much space, privacy, and convenience are becoming harder to find in Newnan, especially without HOA restrictions. Home also has a hard-wired electronic antenna. If you've been waiting for a home that gives you room to live and a location that keeps you close to everything, this one is worth seeing.

Key facts

• Quiet private road
• Large laundry room
• Full acre

Tags

• FULL ACRE
• NO HOA
• QUIET PRIVATE ROAD
• STYLISH LVP FLOORING
• UPDATED KITCHEN
• LARGE LAUNDRY ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $260k.

Deal economics

• At list price, monthly cash flow is $98 ($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 $214k (17.9% below list).
• Recommended offer: $214k (17.9% below list) — sets the bar for 1% rule.
• Cap rate 6.7% 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: schools D+, crime F, amenities 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.
• Market conditions: Rents rising (+2.9%/yr); 529 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 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 $8k 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 73 days — a 6% lower offer ($244k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $30k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

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 $213,527 (17.9% below list)

Questions for the listing agent

1. It's been on market 73 days. Have you received any prior offers? Is the seller open to a 18% 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 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. 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: 0.82% ✗
• Cap rate: 6.75%
• Cash-on-cash: 1.62%
• DSCR: 1.07
• GRM: 10.1

CMA / ARV

• ARV (median comp): $319,269
• List price: $260,000
• Delta: -18.56%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 8 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
130 N Square Ln	0.17mi	3/2.0	1,358 (+4%)	2mo	$305,000	$225	85
38 Bedford Park Dr	0.34mi	3/2.0	1,357 (+3%)	1mo	$295,000	$217	78
35 Alessie Park Ln	0.16mi	3/2.0	1,339 (+2%)	15mo	$305,000	$228	76
78 Bedford Park Dr	0.32mi	3/2.0	1,396 (+6%)	4mo	$274,000	$196	71
437 Baldwin Ct	0.17mi	3/2.0	1,453 (+11%)	13mo	$314,000	$216	64
134 Sutton Dr	0.38mi	3/1.0	1,320 (+1%)	20mo	$235,000	$178	61
129 Bedford Park Dr	0.32mi	3/2.0	1,425 (+9%)	14mo	$309,000	$217	59
766 Country Club Rd	0.60mi	3/2.0	1,176 (-10%)	6mo	$239,900	$204	50

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: -13.9%
• Equity multiple: 0.50×
• Total profit: $-36,255
• Equity at exit: $38,767

10-year hold

• IRR: -5.3%
• Equity multiple: 0.66×
• Total profit: $-25,052
• Equity at exit: $22,480

Cash invested: $72,800 (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: 10.1×

Monthly cashflow live

• Estimated rent: $2,135 medium
• Mortgage (P&I): −$1,363
• Tax from tax record: −$117 /mo · $1,403/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $98

Break-even live

Break-even rent $2,011

Max offer price $260,000

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: $65,000
• Closing costs: $7,800
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
128 Paxton Pl Newnan, GA	3.0	2.0	1494	$2,185	$1.46	4d	1	0.81mi
3 Grier Ln Newnan, GA	3.0	2.0	1815	$1,971	$1.09	43d	1	1.29mi
999 Overby Park Dr Newnan, GA	2.0–3.0	2.0–2.5	1470	$2,049	$1.39	3d	8	1.46mi

Listing history 11 events

1. 2026-05-10
   status Under Contract 1248-char remark

   Show marketing remark (1248 chars)

   A full acre in Newnan, a beautiful backyard, and no HOA. This is the home you were hoping to find. Tucked away on a quiet private road just off Highway 29, this home offers the peace and space of country living while still being just minutes from shopping, dining, the LINC and everything Newnan has to offer. Inside, the main level features stylish LVP flooring and a bright, comfortable living space designed for everyday living and easy entertaining. The primary bedroom is conveniently located on the main floor, while upstairs you'll find two additional bedrooms and a second full bathroom, giving everyone room to spread out. The updated kitchen is a natural gathering place and flows easily to a large laundry room with plenty of workspace. Step outside to the deck and enjoy the expansive level backyard framed by mature trees, perfect for morning coffee, evenings outside, gardening, pets, or hosting friends and family. Homes offering this much space, privacy, and convenience are becoming harder to find in Newnan, especially without HOA restrictions. Home also has a hard-wired electronic antenna. If you've been waiting for a home that gives you room to live and a location that keeps you close to everything, this one is worth seeing.

2. 2026-04-28
   price $260,000 1248-char remark

   Show marketing remark (1248 chars)

   A full acre in Newnan, a beautiful backyard, and no HOA. This is the home you were hoping to find. Tucked away on a quiet private road just off Highway 29, this home offers the peace and space of country living while still being just minutes from shopping, dining, the LINC and everything Newnan has to offer. Inside, the main level features stylish LVP flooring and a bright, comfortable living space designed for everyday living and easy entertaining. The primary bedroom is conveniently located on the main floor, while upstairs you'll find two additional bedrooms and a second full bathroom, giving everyone room to spread out. The updated kitchen is a natural gathering place and flows easily to a large laundry room with plenty of workspace. Step outside to the deck and enjoy the expansive level backyard framed by mature trees, perfect for morning coffee, evenings outside, gardening, pets, or hosting friends and family. Homes offering this much space, privacy, and convenience are becoming harder to find in Newnan, especially without HOA restrictions. Home also has a hard-wired electronic antenna. If you've been waiting for a home that gives you room to live and a location that keeps you close to everything, this one is worth seeing.

3. 2026-04-15
   price $275,000 1248-char remark

   Show marketing remark (1248 chars)

   A full acre in Newnan, a beautiful backyard, and no HOA. This is the home you were hoping to find. Tucked away on a quiet private road just off Highway 29, this home offers the peace and space of country living while still being just minutes from shopping, dining, the LINC and everything Newnan has to offer. Inside, the main level features stylish LVP flooring and a bright, comfortable living space designed for everyday living and easy entertaining. The primary bedroom is conveniently located on the main floor, while upstairs you'll find two additional bedrooms and a second full bathroom, giving everyone room to spread out. The updated kitchen is a natural gathering place and flows easily to a large laundry room with plenty of workspace. Step outside to the deck and enjoy the expansive level backyard framed by mature trees, perfect for morning coffee, evenings outside, gardening, pets, or hosting friends and family. Homes offering this much space, privacy, and convenience are becoming harder to find in Newnan, especially without HOA restrictions. Home also has a hard-wired electronic antenna. If you've been waiting for a home that gives you room to live and a location that keeps you close to everything, this one is worth seeing.

4. 2026-03-23
   price $280,000 1248-char remark

   Show marketing remark (1248 chars)

   A full acre in Newnan, a beautiful backyard, and no HOA. This is the home you were hoping to find. Tucked away on a quiet private road just off Highway 29, this home offers the peace and space of country living while still being just minutes from shopping, dining, the LINC and everything Newnan has to offer. Inside, the main level features stylish LVP flooring and a bright, comfortable living space designed for everyday living and easy entertaining. The primary bedroom is conveniently located on the main floor, while upstairs you'll find two additional bedrooms and a second full bathroom, giving everyone room to spread out. The updated kitchen is a natural gathering place and flows easily to a large laundry room with plenty of workspace. Step outside to the deck and enjoy the expansive level backyard framed by mature trees, perfect for morning coffee, evenings outside, gardening, pets, or hosting friends and family. Homes offering this much space, privacy, and convenience are becoming harder to find in Newnan, especially without HOA restrictions. Home also has a hard-wired electronic antenna. If you've been waiting for a home that gives you room to live and a location that keeps you close to everything, this one is worth seeing.

5. 2026-03-05
   listed $290,000 New 1248-char remark

   Show marketing remark (1248 chars)

   A full acre in Newnan, a beautiful backyard, and no HOA. This is the home you were hoping to find. Tucked away on a quiet private road just off Highway 29, this home offers the peace and space of country living while still being just minutes from shopping, dining, the LINC and everything Newnan has to offer. Inside, the main level features stylish LVP flooring and a bright, comfortable living space designed for everyday living and easy entertaining. The primary bedroom is conveniently located on the main floor, while upstairs you'll find two additional bedrooms and a second full bathroom, giving everyone room to spread out. The updated kitchen is a natural gathering place and flows easily to a large laundry room with plenty of workspace. Step outside to the deck and enjoy the expansive level backyard framed by mature trees, perfect for morning coffee, evenings outside, gardening, pets, or hosting friends and family. Homes offering this much space, privacy, and convenience are becoming harder to find in Newnan, especially without HOA restrictions. Home also has a hard-wired electronic antenna. If you've been waiting for a home that gives you room to live and a location that keeps you close to everything, this one is worth seeing.

6. 2026-01-05
   historical
7. 2025-12-09
   price $320,000
8. 2025-11-03
   price $325,000
9. 2025-08-11
   status New
10. 2025-08-04
    historical
11. 2025-07-30
    listed $350,000 New

ⓘ 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: $1,403 · $117/mo
• Projected year-2 tax: $2,392 · $199/mo
• Expected delta: +$989/yr (+$82/mo · 70.5%)

ⓘ 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: $25,623
• − Mortgage interest: −$14,564
• − Property taxes: −$1,403
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,050
• − Management: −$2,050
• − Depreciation: −$7,564
• Taxable loss: −$3,307
• Est. tax savings @ 24.0%: +$794
• After-tax cash flow: $1,971/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

• 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

-25.7% since first listed

11 events — show timeline

• 2026-05-10 Pending — GAMLS
• 2026-04-28 Price Changed $260,000 GAMLS
• 2026-04-15 Price Changed $275,000 GAMLS
• 2026-03-23 Price Changed $280,000 GAMLS
• 2026-03-05 Listed $290,000 GAMLS
• 2026-01-05 Listing Removed — GAMLS
• 2025-12-09 Price Changed $320,000 GAMLS
• 2025-11-03 Price Changed $325,000 GAMLS
• 2025-08-11 Relisted — GAMLS
• 2025-08-04 Listing Removed — GAMLS
• 2025-07-30 Listed $350,000 GAMLS

Property tax history

+4.5%/yr

Latest (2025): $1,403 · +5.6% YoY. Source: county tax records.