159 Longview Rd · Stockbridge, GA 30281

$200,000

3 bd · 2.0 ba · 1,222 sqft · SingleFamily public records · 64 Days on market

Built 1980 0.45 ac lot $164/sqft · 17% below area Est $241k · 17% 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 +15.0/15.0
• Cash flow +13.6/30.0
• DSCR +4.1/10.0
• 1% rule +3.9/10.0
• Livability +3.0/5.0
• Rent growth +2.7/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

FHA eligible!! This 1980's 3-bed 2-bath home is the perfect home for a first time homebuyer or buy and hold rental. Sitting on a large corner lot in the established Bridgewood community. Equipped with a functional living area, a large sun room and a 2-car garage. The home is in overall great shape and ready for your own personal touch and upgrades!

Key facts

• 0.45 acre lot
• 2 garage spots
• Built 1980

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $10 ($124/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 $179k (10.6% below list).
• Recommended offer: $179k (10.6% below list) — sets the bar for 1% rule.
• Cap rate 6.4% vs local median 4.2% in Stockbridge — 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 60/100 on livability (#389 in GA) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A; Watch: crime D, schools D-, amenities F.
• Henry County (rural): math 24% / reading 33% proficiency, ranked #89 of 174 in GA (top 51%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents flat; 610 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,989 units permitted in Henry County in 2024 (92 in 5+ unit buildings).
• This rent runs 30% of the median local income ($71k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Henry County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $19k (9%) 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→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $178,727 (10.6% below list)

Questions for the listing agent

1. It's been on market 64 days. Have you received any prior offers? Is the seller open to a 11% 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 D 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: 0.89% ✗
• Cap rate: 6.35%
• Cash-on-cash: 0.22%
• DSCR: 1.01
• GRM: 9.3

CMA / ARV

• ARV (median comp): $241,434
• List price: $200,000
• Delta: -17.16%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
245 Amanda Ct	0.43mi	3/2.0	1,356 (+11%)	2mo	$245,000	$181	60
349 Mays Rd	0.24mi	3/2.0	1,369 (+12%)	13mo	$230,000	$168	58
195 Amanda Ct	0.46mi	3/2.0	1,260 (+3%)	23mo	$230,000	$183	54
185 Amanda Ct	0.47mi	3/2.0	1,311 (+7%)	23mo	$205,000	$156	46

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 · 0.87% rent growth · sell at horizon

5-year hold

• IRR: -18.4%
• Equity multiple: 0.37×
• Total profit: $-35,464
• Equity at exit: $29,821

10-year hold

• IRR: -15.6%
• Equity multiple: 0.20×
• Total profit: $-44,624
• Equity at exit: $17,292

Cash invested: $56,000 (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 30281

• Home prices YoY: -33.6%
• Rents YoY: 0.9%
• Active inventory: 610
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,787 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$269 /mo · $3,234/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $10

Break-even live

Break-even rent $1,774

Max offer price $200,000

Occupancy floor 94%

Sensitivity live

Price	-10% $124	-5% $67	+0% $10	+5% $-46	+10% $-103
Rent	-10% $-131	-5% $-60	+0% $10	+5% $81	+10% $152
Rate	-1.0pp $111	-0.5pp $61	base $10	+0.5pp $-42	+1.0pp $-94

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
217 Briarpatch Ct Stockbridge, GA	3.0	2.0	1228	$1,995	$1.62	45d	1	0.84mi
245 Pinehurst Dr Stockbridge, GA	3.0	2.0	1340	$1,706	$1.27	45d	1	1.06mi
200 Pinehurst Dr Stockbridge, GA	3.0	2.0	1200	$1,595	$1.33	12d	1	1.13mi
70 Summerfield Ct Stockbridge, GA	3.0	2.0	1444	$1,795	$1.24	45d	1	1.34mi
479 Lakeshore Dr Stockbridge, GA	3.0	2.0	1281	$1,750	$1.37	6d	1	1.40mi
131 Turning Pt Stockbridge, GA	3.0	2.5	1454	$2,100	$1.44	45d	1	1.44mi
111 W Burke St Apt C4 Stockbridge, GA	2.0	1.0	854	$915	$1.07	25d	1	1.45mi
111 W Burke St Apt C4 Stockbridge, GA	2.0	1.0	854	$915	$1.07	0d	1	1.45mi

Listing history 23 events

1. 2026-06-21
   days on market $200,000 Active 64 DOM
2. 2026-06-18
   days on market $200,000 Active 61 DOM
3. 2026-06-17
   days on market $200,000 Active 60 DOM
4. 2026-06-16
   days on market $200,000 Active 59 DOM
5. 2026-06-15
   days on market $200,000 Active 58 DOM
6. 2026-06-13
   days on market $200,000 Active 56 DOM
7. 2026-06-09
   days on market $200,000 Active 52 DOM
8. 2026-06-08
   days on market $200,000 Active 51 DOM
9. 2026-06-07
   pricedays on market $200,000 Active 50 DOM
10. 2026-06-04
    days on market $219,000 Active 47 DOM
11. 2026-06-03
    days on market $219,000 Active 46 DOM
12. 2026-06-02
    days on market $219,000 Active 45 DOM
13. 2026-06-01
    days on market $219,000 Active 44 DOM
14. 2026-05-31
    days on market $219,000 Active 43 DOM
15. 2026-04-18
    listed $219,000 Active 351-char remark

    Show marketing remark (351 chars)

    FHA eligible!! This 1980's 3-bed 2-bath home is the perfect home for a first time homebuyer or buy and hold rental. Sitting on a large corner lot in the established Bridgewood community. Equipped with a functional living area, a large sun room and a 2-car garage. The home is in overall great shape and ready for your own personal touch and upgrades!

16. 2026-04-15
    historical $219,000 351-char remark

    Show marketing remark (350 chars)

    FHA eligible!! This 1980's 3-bed 2-bath home is the perfect home for a first time homebuyer or buy and hold rental. Sitting on a large corner lot in the established Bridgewood community. Equipped with a functional living area, a large sun room and a 2-car garage. The home is in overall great shape and ready for your own personal touch and upgrades!

17. 2026-04-15
    listed $219,000 New 350-char remark

    Show marketing remark (350 chars)

    FHA eligible!! This 1980's 3-bed 2-bath home is the perfect home for a first time homebuyer or buy and hold rental. Sitting on a large corner lot in the established Bridgewood community. Equipped with a functional living area, a large sun room and a 2-car garage. The home is in overall great shape and ready for your own personal touch and upgrades!

18. 2023-03-21
    soldstatus $215,000
19. 2023-03-20
    soldstatus $215,000 Sold
20. 2023-02-13
    status Under Contract
21. 2023-01-23
    listed $215,000 New
22. 2009-06-12
    soldstatus $105,000
23. 1998-10-05
    soldstatus $75,000

ⓘ 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: $3,234 · $269/mo
• Projected year-2 tax: $3,234 · $269/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 5/10 Major 7 d/yr ≥106°F today · 17 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 · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,447
• − Mortgage interest: −$11,203
• − Property taxes: −$3,234
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,716
• − Management: −$1,716
• − Depreciation: −$5,818
• Taxable loss: −$3,239
• Est. tax savings @ 24.0%: +$777
• After-tax cash flow: $901/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: Henry County
• NCES district ID: 1302820
• Math proficiency: 24% ▼ -9.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $62,594
• Composite: 26.13/100
• National rank: #7279
• State rank: #89 of 174 in GA

Livability — Stockbridge

• Score: 60/100
• State rank: #389
• US rank: #19479

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Henry County · 316,359 people
• City population: 71,603
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 71,603
• Household income: $71,213
• Rent vs Own: 37.7% rent · 62.3% own
• Severe rent burden: 2464.0

Population outlook (Henry County) Hauer SSP2

• Today (2025): 249,041 people
• By 2030: 264,369 · +6.2%
• By 2040: 294,459 · +18.2%
• By 2050: 322,249 · +29.4%
• By 2075: 392,310 · +57.5%
• By 2100: 437,836 · +75.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Black 55% White 28% Hispanic / Latino 11% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Hispanic 1% Italian 1% Romanian 1%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 86% English-only · Spanish 8% Vietnamese 2% French/Haitian/Cajun 1%

Political lean MEDSL · Henry

• 2024 margin: Strong D (+29.7) · D 64.5% · R 34.9%
• 2008→2024 swing: +37.1pp toward D · 2008: -7.5pp · 2024: 29.7pp
• All cycles: 2024: D+29.7 2020: D+20.5 2016: D+4.3 2012: R+3.2 2008: R+7.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -104.76%
• Current HPI: 207.2332
• Rent YoY: ▲ 0.87%
• 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

+192.0% since first listed

9 events — show timeline

• 2026-04-18 Listed $219,000 FMLS
• 2026-04-15 Coming Soon $219,000 FMLS
• 2026-04-15 Listed $219,000 GAMLS
• 2023-03-21 Sold (Public Records) $215,000 Public Records
• 2023-03-20 Sold (MLS) $215,000 GAMLS
• 2023-02-13 Pending — GAMLS
• 2023-01-23 Listed $215,000 GAMLS
• 2009-06-12 Sold (Public Records) $105,000 Public Records
• 1998-10-05 Sold (Public Records) $75,000 Public Records

Property tax history

+4.2%/yr

Latest (2025): $3,234 · +4.3% YoY. Source: county tax records.