445 Cornwallis Way · Fayetteville, GA 30214

$264,900

3 bd · 3.0 ba · 1,243 sqft · SingleFamily public records · 78 Days on market

Built 1989 696 sqft lot $213/sqft · 7% below area Est $286k · 7% under

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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).

• ARV discount +10.8/15.0
• Cash flow +10.2/30.0
• Schools +5.1/10.0
• Rent growth +3.6/5.0
• Livability +3.6/5.0
• DSCR +2.9/10.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming & Convenient Single-Story Living in the Heart of Fayetteville! Welcome home to 445 Cornwallis Way, a delightful 3-bedroom, 2-bathroom garden home nestled in the peaceful and highly sought-after Lafayette Garden Homes community. Offering effortless single-level living, this inviting property is perfectly designed for comfort, convenience, and easy entertaining. Whether you are buying your first home, looking to downsize, or seeking a property with an unbeatable location, this home hits all the right notes. Step inside to discover a bright and welcoming floor plan boasting well over 1,200 square feet of thoughtfully utilized space. The cozy living area is anchored by a classic fireplace, making it the perfect spot to relax and unwind. The layout flows seamlessly into the kitchen with all stainless steel appliances (new range and range hood) and dining areas, creating a great environment for hosting family and friends. Retreat to the spacious primary suite, complete with its own private en-suite bathroom featuring a separate soaking tub for ultimate relaxation. Two additional bedrooms provide fantastic flexibility, ready to be transformed into guest rooms, a home office, or a creative studio. Outside, enjoy your own large, fully fenced-in backyard. It's a private oasis that is incredibly pet-friendly and perfect for weekend BBQs, gardening, or simply enjoying the tranquil Georgia weather. The property also features an attached two-car garage with Brand New Door w/ remote, providing secure parking and additional storage space. The Lifestyle & Location: Location is everything, and this home truly delivers! You are situated in a quiet, calm neighborhood while remaining right in the middle of the action: Entertainment & Essentials: Less than 10 minutes from the world-class dining, shopping, and entertainment at Trilith Studios, Peachtree City, and Piedmont Fayette Hospital. Commuter's Dream: Frequent flyer or city commuter? You will love being just 20 minutes from Hartsfield-Jackson Atlanta International Airport and only a 30-minute drive to Midtown Atlanta. Excellent Schools: Zoned for the highly regarded Fayette County School District (Spring Hill Elementary, Bennett's Mill Middle, and Fayette County High). Take a walk through the home right now via the 3D Virtual Tour to experience the flow and feel of the space. Homes in this sweet spot of Fayetteville go fast-schedule your private showing today and make 445 Cornwallis Way your next chapter!

Key facts

• Garden home
• Pet friendly
• Single story living

Tags

• SINGLE STORY LIVING
• GARDEN HOME
• PRIVATE EN SUITE BATHROOM
• LARGE FULLY FENCED BACKYARD
• PET FRIENDLY
• QUIET CALM NEIGHBORHOOD

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $-152 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $238k (10.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $190k (28.3% below list).
• Recommended offer: $190k (28.3% below list) — sets the bar for 1% rule.
• Cap rate 5.6% vs local median 4.4% in Fayetteville — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 71/100 on livability (#86 in GA) — a middle-class / working-renter tenant base. Strengths: housing A+, schools B+, health & safety 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.
• Market conditions: Rents rising fast (+4.3%/yr); 372 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 55% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $8k 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 78 days — a 6% lower offer ($249k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 11y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $124k; list at $265k implies a 114% 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 $189,925 (28.3% 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. It's been on market 78 days. Have you received any prior offers? Is the seller open to a 28% concession, seller financing, or rate buy-down credit?
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 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?
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: 0.72% ✗
• Cap rate: 5.61%
• Cash-on-cash: -2.46%
• DSCR: 0.89
• GRM: 11.6

CMA / ARV

• ARV (median comp): $285,662
• List price: $264,900
• Delta: -7.27%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
470 Cornwallis Way	0.08mi	3/2.0	1,306 (+5%)	9mo	$270,000	$207	76
135 Gingercake Ct	0.23mi	3/2.0	1,314 (+6%)	0mo	$259,000	$197	75
295 Monmouth Dr	0.08mi	3/2.0	1,364 (+10%)	22mo	$270,000	$198	57
345 Sharon Dr	0.30mi	3/2.0	1,363 (+10%)	10mo	$340,000	$249	57
105 Running Bear Trl	0.68mi	3/2.0	1,377 (+11%)	2mo	$324,900	$236	44
205 Lagrange Ct	0.25mi	2/2.0 (-1)	1,429 (+15%)	18mo	$255,000	$178	39
290 Oak St	0.62mi	3/2.0	1,344 (+8%)	23mo	$300,000	$223	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 · 4.29% rent growth · sell at horizon

5-year hold

• IRR: -19.1%
• Equity multiple: 0.32×
• Total profit: $-50,180
• Equity at exit: $39,497

10-year hold

• IRR: -9.6%
• Equity multiple: 0.38×
• Total profit: $-45,959
• Equity at exit: $22,904

Cash invested: $74,172 (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 30214

• Rents YoY: 4.3%
• Active inventory: 372
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $1,899 high
• Mortgage (P&I): −$1,389
• Tax from tax record: −$153 /mo · $1,832/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$399
• Net cashflow: $-152

Break-even live

Break-even rent $2,091

Max offer price $238,077

Occupancy floor —

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: $66,225
• Closing costs: $7,947
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
315 Cornwallis Way Fayetteville, GA	3.0	2.0	1374	$1,895	$1.38	1d	1	0.07mi
255 Monmouth Dr Fayetteville, GA	2.0	2.0	1231	$1,700	$1.38	43d	1	0.10mi
145 Belle Dr Fayetteville, GA	2.0	1.5	1100	$1,300	$1.18	43d	1	0.13mi
160 Belle Dr Fayetteville, GA	1.0–2.0	1.0–2.0	885	$1,575	$1.78	43d	1	0.14mi
280 Chase Dr Fayetteville, GA	2.0	1.0	1010	$1,325	$1.31	43d	1	0.16mi
235 Sharon Dr Fayetteville, GA	3.0	2.0	1299	$1,676	$1.29	24d	1	0.31mi
130 Pye Ct Fayetteville, GA	3.0	2.0	1292	$5,500	$4.26	43d	1	0.47mi
270 Winona Dr Fayetteville, GA	3.0	2.0	1378	$2,011	$1.46	12d	1	0.62mi
119 Forrest Ave Fayetteville, GA	2.0	1.5	1240	$1,750	$1.41	5d	1	1.15mi
76 Intown Pl Fayetteville, GA	2.0	2.5	1450	$1,695	$1.17	5d	1	1.42mi
370 Georgia Ave Fayetteville, GA	3.0	2.0	1334	$3,500	$2.62	43d	1	1.45mi

Listing history 10 events

1. 2026-04-18
   price $264,900 2503-char remark

   Show marketing remark (2503 chars)

   Charming & Convenient Single-Story Living in the Heart of Fayetteville! Welcome home to 445 Cornwallis Way, a delightful 3-bedroom, 2-bathroom garden home nestled in the peaceful and highly sought-after Lafayette Garden Homes community. Offering effortless single-level living, this inviting property is perfectly designed for comfort, convenience, and easy entertaining. Whether you are buying your first home, looking to downsize, or seeking a property with an unbeatable location, this home hits all the right notes. Step inside to discover a bright and welcoming floor plan boasting well over 1,200 square feet of thoughtfully utilized space. The cozy living area is anchored by a classic fireplace, making it the perfect spot to relax and unwind. The layout flows seamlessly into the kitchen with all stainless steel appliances (new range and range hood) and dining areas, creating a great environment for hosting family and friends. Retreat to the spacious primary suite, complete with its own private en-suite bathroom featuring a separate soaking tub for ultimate relaxation. Two additional bedrooms provide fantastic flexibility, ready to be transformed into guest rooms, a home office, or a creative studio. Outside, enjoy your own large, fully fenced-in backyard. It's a private oasis that is incredibly pet-friendly and perfect for weekend BBQs, gardening, or simply enjoying the tranquil Georgia weather. The property also features an attached two-car garage with Brand New Door w/ remote, providing secure parking and additional storage space. The Lifestyle & Location: Location is everything, and this home truly delivers! You are situated in a quiet, calm neighborhood while remaining right in the middle of the action: Entertainment & Essentials: Less than 10 minutes from the world-class dining, shopping, and entertainment at Trilith Studios, Peachtree City, and Piedmont Fayette Hospital. Commuter's Dream: Frequent flyer or city commuter? You will love being just 20 minutes from Hartsfield-Jackson Atlanta International Airport and only a 30-minute drive to Midtown Atlanta. Excellent Schools: Zoned for the highly regarded Fayette County School District (Spring Hill Elementary, Bennett's Mill Middle, and Fayette County High). Take a walk through the home right now via the 3D Virtual Tour to experience the flow and feel of the space. Homes in this sweet spot of Fayetteville go fast-schedule your private showing today and make 445 Cornwallis Way your next chapter!

2. 2026-03-11
   listed $270,000 New 2503-char remark

   Show marketing remark (2503 chars)

   Charming & Convenient Single-Story Living in the Heart of Fayetteville! Welcome home to 445 Cornwallis Way, a delightful 3-bedroom, 2-bathroom garden home nestled in the peaceful and highly sought-after Lafayette Garden Homes community. Offering effortless single-level living, this inviting property is perfectly designed for comfort, convenience, and easy entertaining. Whether you are buying your first home, looking to downsize, or seeking a property with an unbeatable location, this home hits all the right notes. Step inside to discover a bright and welcoming floor plan boasting well over 1,200 square feet of thoughtfully utilized space. The cozy living area is anchored by a classic fireplace, making it the perfect spot to relax and unwind. The layout flows seamlessly into the kitchen with all stainless steel appliances (new range and range hood) and dining areas, creating a great environment for hosting family and friends. Retreat to the spacious primary suite, complete with its own private en-suite bathroom featuring a separate soaking tub for ultimate relaxation. Two additional bedrooms provide fantastic flexibility, ready to be transformed into guest rooms, a home office, or a creative studio. Outside, enjoy your own large, fully fenced-in backyard. It's a private oasis that is incredibly pet-friendly and perfect for weekend BBQs, gardening, or simply enjoying the tranquil Georgia weather. The property also features an attached two-car garage with Brand New Door w/ remote, providing secure parking and additional storage space. The Lifestyle & Location: Location is everything, and this home truly delivers! You are situated in a quiet, calm neighborhood while remaining right in the middle of the action: Entertainment & Essentials: Less than 10 minutes from the world-class dining, shopping, and entertainment at Trilith Studios, Peachtree City, and Piedmont Fayette Hospital. Commuter's Dream: Frequent flyer or city commuter? You will love being just 20 minutes from Hartsfield-Jackson Atlanta International Airport and only a 30-minute drive to Midtown Atlanta. Excellent Schools: Zoned for the highly regarded Fayette County School District (Spring Hill Elementary, Bennett's Mill Middle, and Fayette County High). Take a walk through the home right now via the 3D Virtual Tour to experience the flow and feel of the space. Homes in this sweet spot of Fayetteville go fast-schedule your private showing today and make 445 Cornwallis Way your next chapter!

3. 2018-03-22
   soldstatus $123,900
4. 2016-01-13
   soldstatus $99,800
5. 2015-09-15
   historical
6. 2015-08-17
   price $99,000
7. 2015-06-09
   price $119,000
8. 2015-05-08
   price $121,000
9. 2015-03-19
   listed $126,900 New
10. 2009-10-27
    soldstatus $114,000

ⓘ 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: $1,832 · $153/mo
• Projected year-2 tax: $2,437 · $203/mo
• Expected delta: +$605/yr (+$50/mo · 33.0%)

ⓘ 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 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,791
• − Mortgage interest: −$14,839
• − Property taxes: −$1,832
• − Insurance: −$1,324
• − Repairs & maintenance: −$1,823
• − Management: −$1,823
• − Depreciation: −$7,706
• Taxable loss: −$6,557
• Est. tax savings @ 24.0%: +$1,574
• After-tax cash flow: $-248/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

• Census place: Fayetteville, GA
• County: Fayette County · 112,821 people
• City population: 72,287
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 31,811
• Household income: $89,912
• Rent vs Own: 18.7% rent · 81.3% own
• Severe rent burden: 634.0

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 0.62)
• Race & ethnicity: Black 51% White 33% Hispanic / Latino 9% Two or more races 5% Asian 3%
• Hispanic origin (detail): Mexican 6% Puerto Rican 1%
• Common ancestry: Italian 2% Slovak 1% Serbian 1%
• Foreign-born: 10% · Canada, Vietnam
• Languages at home: 85% English-only · Spanish 8% Other Asian/Pacific 1% French/Haitian/Cajun 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: ▼ -142.65%
• Current HPI: 243.9416
• Rent YoY: ▲ 4.29%
• 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

+132.4% since first listed

10 events — show timeline

• 2026-04-18 Price Changed $264,900 GAMLS
• 2026-03-11 Listed $270,000 GAMLS
• 2018-03-22 Sold (Public Records) $123,900 Public Records
• 2016-01-13 Sold (Public Records) $99,800 Public Records
• 2015-09-15 Listing Removed — GAMLS
• 2015-08-17 Price Changed $99,000 GAMLS
• 2015-06-09 Price Changed $119,000 GAMLS
• 2015-05-08 Price Changed $121,000 GAMLS
• 2015-03-19 Listed $126,900 GAMLS
• 2009-10-27 Sold (Public Records) $114,000 Public Records

Property tax history

+5.4%/yr

Latest (2025): $1,832 · +4.0% YoY. Source: county tax records.