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2139 Meadowview Ct SE Unit F
D+ Composite 48.4
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 +15.5/30.0
  • ARV discount +13.1/15.0
  • DSCR +4.8/10.0
  • 1% rule +4.2/10.0
  • Condition / age +3.8/5.0
  • Livability +3.4/5.0
  • Rent growth +2.2/5.0
  • Schools +1.5/10.0
  • Appreciation +0.0/10.0

$159,000

2139 Meadowview Ct SE Unit F · Conyers, GA 30013
2 bd · 2.0 ba · 1,036 sqft · Townhouse · 91 Days on market
Built 1996 Good condition 4,791 sqft lot Garage $153/sqft · 12% below area Est $182k · 12% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Sellers are not accepting offers or showings at this time.

Key facts

  • One-level living
  • New paint
  • Open layout

Tags

CUL-DE-SACONE-LEVEL LIVINGNEW PAINTBRAND-NEW CARPETCOZY FIREPLACEOPEN LAYOUT

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath townhouse listed at $159k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $63 ($756/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 $147k (7.5% below list).
  • Recommended offer: $145k (9.0% below list) — sets the bar for market timing.
  • Cap rate 6.8% vs local median 4.3% in Conyers — 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 67/100 on livability (#167 in GA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D, amenities D, commute F.
  • Rockdale County (suburban): math 14% / reading 29% proficiency, ranked #136 of 174 in GA (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Zoned schools: Peek'S Chapel Elementary (math 12% / reading 17%, grade F, #996 of 1,228 statewide, top 83%, 532 students, 77% FRL); Memorial Middle School (math 12% / reading 34%, grade F, #321 of 470 statewide, top 69%, 771 students, 79% FRL); Salem High School (math 2% / reading 15%, grade F, #375 of 424 statewide, top 88%, 1,120 students, 71% FRL) — zoned schools average 75% FRL vs 60% district-wide (16 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents soft (-1.3%/yr); 511 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 73d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 68% of comp listings sitting > 30 days — soft ceiling on asking rent; 483 units permitted in Rockdale County in 2024 (0 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 $5k of value loss. Plan a longer hold.
  • Rockdale 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 91 days — a 9% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
  • 5 sale attempts; this cycle's ask is 10820% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

  • 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 $144,690 (9.0% below list)

Questions for the listing agent

  1. It's been on market 91 days. Have you received any prior offers? Is the seller open to a 9% 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
0.92%
Cap rate
6.77%
Cash-on-cash
1.70%
DSCR
1.08
GRM
9.0

CMA / ARV

ARV (median comp)
$181,687
List price
$159,000
Delta
-12.49%
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
2139 Hickory Bnd SE Unit E 0.10mi 2/2.0 1,163 (+12%) 14mo $191,000 $164 64
1025 Lakeside Cir 0.83mi 2/2.0 992 (-4%) 4mo $188,000 $190 55
455 Lakeside Cir 0.94mi 2/2.0 992 (-4%) 10mo $189,000 $191 49
3075 Lakeside Cir 0.72mi 2/2.0 1,077 (+4%) 14mo $218,900 $203 48
2589B Fieldstone View Ln 0.43mi 2/2.0 1,272 (+23%) 32mo $38,000 $30 35
245 Colser Dr 0.92mi 2/2.0 939 (-9%) 20mo $194,899 $208 32
3170 Lakeside Cir 0.73mi 2/2.0 1,222 (+18%) 11mo $140,000 $115 32
2464 Hampshire Cv 0.66mi 3/2.0 (+1) 1,188 (+15%) 18mo $240,000 $202 25
2140 Teri Ln 1.38mi 3/2.0 (+1) 1,268 (+22%) 16mo $184,000 $145 22
25 Lakebirch Dr 0.86mi 2/2.5 1,222 (+18%) 21mo $216,000 $177 21
20 Highgate Trl 0.79mi 3/2.5 (+1) 1,222 (+18%) 16mo $225,000 $184 20
3206 Salem Cove Way SE 0.93mi 2/1.5 1,290 (+24%) 24mo $199,000 $154 18

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 · 0.0% rent growth · sell at horizon

5-year hold
IRR
-17.0%
Equity multiple
0.42×
Total profit
$-26,039
Equity at exit
$23,707
10-year hold
IRR
-15.7%
Equity multiple
0.23×
Total profit
$-34,072
Equity at exit
$13,747

Cash invested: $44,520 (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.

Active competition Active MLS

For sale now
0 active · 1 under contract

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 30013

Home prices YoY
-29.5%
Rents YoY
-1.3%
Active inventory
511
Price-to-rent
9.0×

Monthly cashflow live

Estimated rent
$1,471 high interval (Pro) →
Mortgage (P&I)
$834
Tax est. 1.5%
$199 /mo · $2,385/yr
Insurance
$66
HOA
$0
Vacancy / Maint / Mgmt
$309
Net cashflow
$63

Break-even live

Break-even rent $1,391
Max offer price $159,000
Occupancy floor 91%

Sensitivity live

Price -10% $173 -5% $118 +0% $63 +5% $8 +10% $-47
Rent -10% $-53 -5% $5 +0% $63 +5% $121 +10% $179
Rate -1.0pp $143 -0.5pp $103 base $63 +0.5pp $22 +1.0pp $-20

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
$39,750
Closing costs
$4,770
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2140 Meadowview Ct SE Unit A Conyers, GA 2.0 2.0 1252 $1,735 $1.39 82d 1 0.07mi
2140 Meadowview Ct SE Unit A Conyers, GA 2.0 2.0 1252 $1,300 $1.04 50d 1 0.07mi
2633 Country Trce SE Unit A Conyers, GA 3.0 2.0 1362 $1,350 $0.99 18d 1 0.15mi
2644 Fieldstone View Ln SE Unit C Conyers, GA 2.0 1.5 1296 $1,350 $1.04 139d 1 0.17mi
2644 Fieldstone View Ln SE Unit B Conyers, GA 2.0 2.0 1296 $1,350 $1.04 114d 1 0.17mi
2644 Fieldstone View Ln SE Apt A Conyers, GA 2.0 2.0 1296 $1,450 $1.12 139d 1 0.17mi
2784 Coventry Grn SE Unit c Conyers, GA 3.0 2.0 1305 $1,575 $1.21 88d 1 0.21mi
2783 Coventry Grn SE Unit b Conyers, GA 3.0 2.0 1328 $1,545 $1.16 88d 1 0.21mi
2782 Country Ct SE Unit B Conyers, GA 2.0 2.5 1218 $1,340 $1.10 120d 1 0.22mi
2782 Country Ct SE Unit B Conyers, GA 2.0 2.5 1218 $1,300 $1.07 10d 1 0.22mi
2782 Country Ct SE Unit B Conyers, GA 2.0 2.5 1218 $1,300 $1.07 24d 1 0.22mi
2785 Country Ct SE Unit c Conyers, GA 1.0 1.0 800 $850 $1.06 100d 1 0.22mi
2124 Fieldstone View Ct SE Unit 2124B Conyers, GA 3.0 2.0 1496 $1,325 $0.89 24d 1 0.27mi
2130 Fieldstone View Ct SE Unit B Conyers, GA 2.0 2.0 1322 $1,325 $1.00 139d 1 0.27mi
2614 Country Trce SE Unit B Conyers, GA 2.0 2.5 1470 $697 $0.47 69d 1 0.30mi
2136 Golfview Dr SE Conyers, GA 3.0 3.0 1200 $1,800 $1.50 139d 1 0.35mi
2136 Golfview Dr SE Conyers, GA 3.0 2.0 1200 $1,550 $1.29 19d 1 0.35mi
2591 Golfview Ter SE Conyers, GA 3.0 1.5 1496 $1,700 $1.14 139d 1 0.44mi
2112 Fairway Ct SE Conyers, GA 3.0 2.0 1150 $1,675 $1.46 69d 1 0.53mi
50 Salem Chase Way Conyers, GA 1.0–3.0 1.5–2.0 1019 $1,312 $1.29 10d 4 0.53mi
30 Gross Lake Pkwy Covington, GA 2.0 2.0 1119 $1,115 $1.00 83d 1 0.63mi
30 Gross Lake Pkwy Covington, GA 2.0 2.0 1119 $1,619 $1.45 120d 1 0.63mi
30 Gross Lake Pkwy Covington, GA 2.0 2.0 1119 $1,599 $1.43 139d 1 0.63mi
50 Greenleaf Rd Conyers, GA 1.0–3.0 1.0–2.0 1013 $1,856 $1.83 0d 17 0.67mi
50 Greenleaf Rd Conyers, GA 1.0–3.0 1.0–2.0 1013 $1,824 $1.80 4d 16 0.67mi
15 Lakeside Cir Covington, GA 2.0 2.5 1222 $1,575 $1.29 139d 1 0.71mi
160 Lakeview Trl Covington, GA 3.0 2.0 1328 $1,556 $1.17 54d 1 0.74mi
165 Lakeview Trl Covington, GA 3.0 2.0 1328 $1,800 $1.36 4d 1 0.75mi
50 Loch Haven Dr SE Conyers, GA 1.0–3.0 1.0–2.0 1151 $1,468 $1.28 0d 106 0.77mi
30 Highgate Trl Covington, GA 2.0 2.5 1223 $1,595 $1.30 29d 1 0.80mi
269 Limestone Cir Conyers, GA 3.0 2.0 1500 $1,100 $0.73 112d 1 0.83mi
155 Meadowridge Dr Covington, GA 3.0 2.5 1300 $1,615 $1.24 100d 1 0.83mi
185 Highgate Trl Covington, GA 3.0 2.5 1309 $1,705 $1.30 32d 1 0.88mi
675 Barshay Dr Covington, GA 3.0 2.5 1380 $1,760 $1.28 35d 1 0.92mi
345 Lakeside Cir Covington, GA 3.0 2.5 1410 $1,526 $1.08 94d 1 0.92mi
2810 Lakeside Cir Covington, GA 3.0 2.5 1300 $1,525 $1.17 72d 1 0.92mi
300 Highgate Trl Covington, GA 3.0 2.0 1474 $1,780 $1.21 19d 1 0.94mi
70 Fieldview Ln Covington, GA 3.0 2.5 1480 $1,651 $1.12 61d 1 0.96mi
100 Salem Glen Way Conyers, GA 2.0–3.0 2.0–2.5 1101 $1,350 $1.23 0d 13 1.00mi
75 Colser Dr Covington, GA 3.0 2.5 1380 $1,790 $1.30 140d 1 1.02mi

Property features AI

Finance

Other
Located on a cul-de-sac with concrete road frontage on a county road
Financial info
Property is a single-unit community

Exterior

Parking
Detached garage plus drivewayOne garage spaceOpen parking available
Utilities
Public waterPublic sewer110-volt electricCable availableElectricity availableNatural gas availablePhone available
Home design
One-story propertyBrick front with vinyl sidingFee simple ownershipResale conditionSlab foundation
Construction
Composition roof
Exterior features
PatioWood backyard fence

Interior

Kitchen
Breakfast barWhite cabinetryPantrySolid surface countertopsDishwasherGarbage disposalGas oven and gas rangeRefrigerator
Bedrooms
Two main-level bedrooms
Flooring
CarpetVinyl
Bathrooms
Two full bathroomsPrimary bathroom with tub/shower combo
Heating & cooling
Central heatingCentral air conditioning
Interior features
High 9-foot ceilings on main levelDouble-sided gas fireplace with gas log and gas starter (living room)Aluminum-framed windows and skylight(s)2+ common walls
Laundry & utility
Laundry located in kitchenGas dryer hookupGas water heater

Listing history 35 events

  1. 2026-07-09
    days on market $159,000 Active 91 DOM
  2. 2026-07-07
    days on market $159,000 Active 89 DOM
  3. 2026-07-06
    days on market $159,000 Active 88 DOM
  4. 2026-07-06
    days on market $159,000 Active 87 DOM
  5. 2026-07-05
    days on market $159,000 Active 86 DOM
  6. 2026-07-03
    days on market $159,000 Active 85 DOM
  7. 2026-07-02
    days on market $159,000 Active 84 DOM
  8. 2026-07-01
    days on market $159,000 Active 83 DOM
  9. 2026-06-30
    days on market $159,000 Active 82 DOM
  10. 2026-06-29
    days on market $159,000 Active 81 DOM
  11. 2026-06-28
    days on market $159,000 Active 80 DOM
  12. 2026-06-27
    days on market $159,000 Active 79 DOM
  13. 2026-06-26
    days on market $159,000 Active 78 DOM
  14. 2026-06-24
    days on market $159,000 Active 76 DOM
  15. 2026-06-22
    days on market $159,000 Active 74 DOM
  16. 2026-06-21
    days on market $159,000 Active 73 DOM
  17. 2026-06-18
    days on market $159,000 Active 70 DOM
  18. 2026-06-17
    days on market $159,000 Active 69 DOM
  19. 2026-06-16
    days on market $159,000 Active 68 DOM
  20. 2026-06-15
    days on market $159,000 Active 67 DOM
  21. 2026-06-13
    days on market $159,000 Active 65 DOM
  22. 2026-06-09
    days on market $159,000 Active 61 DOM
  23. 2026-06-08
    days on market $159,000 Active 60 DOM
  24. 2026-06-07
    days on market $159,000 Active 59 DOM
  25. 2026-06-04
    days on market $159,000 Active 56 DOM
  26. 2026-06-03
    days on market $159,000 Active 55 DOM
  27. 2026-06-02
    days on market $159,000 Active 54 DOM
  28. 2026-06-01
    days on market $159,000 Active 53 DOM
  29. 2026-05-31
    days on market $159,000 Active 52 DOM
  30. 2026-05-20
    status Active
    Show marketing remark (58 chars)

    Sellers are not accepting offers or showings at this time.

  31. 2026-05-20
    status Back On Market 969-char remark
    Show marketing remark (58 chars)

    Sellers are not accepting offers or showings at this time.

  32. 2026-04-23
    status Under Contract 969-char remark
    Show marketing remark (58 chars)

    Sellers are not accepting offers or showings at this time.

  33. 2026-04-23
    historical Active Under Contract
    Show marketing remark (58 chars)

    Sellers are not accepting offers or showings at this time.

  34. 2026-04-09
    listed $159,000 Active
    Show marketing remark (58 chars)

    Sellers are not accepting offers or showings at this time.

  35. 2026-04-09
    listed $159,000 New 969-char remark
    Show marketing remark (58 chars)

    Sellers are not accepting offers or showings at this time.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 6/10 Major 7 d/yr ≥105°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 · 7 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$17,648
− Mortgage interest
−$8,906
− Property taxes
−$2,385
− Insurance
−$795
− Repairs & maintenance
−$1,412
− Management
−$1,412
− Depreciation
−$4,625
Taxable loss
−$1,888
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$453
After-tax cash flow
$1,209/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab Est. rehab $5,180–$15,540 screening

This townhouse is in good condition with minimal repairs needed. Painting the exterior trim and replacing the carpet would significantly enhance its curb appeal and value.

Value-add opportunities

  • Both Paint exterior trim — Enhances curb appeal and value
  • Both Replace carpet — Fresh carpet improves comfort and value

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 15/100

Zoned Schools

Elementary Peek's Chapel Elementary F GA #996/1,228 Nat'l #36,758/41,679 Middle Memorial Middle School F GA #321/470 Nat'l #11,007/14,009 High Salem High School F GA #375/424 Nat'l #16,609/17,239

Schools (NCES district)

District
Rockdale County
NCES district ID
1304410
Math proficiency
14% ▼ -17.00%
Reading proficiency
29% ▼ -11.00%
Median HH income
$53,325
Composite
19.42/100
National rank
#8776
State rank
#136 of 174 in GA
C Composite livability gradescore 67/100

Livability — Conyers

Score
67/100
State rank
#167
US rank
#10533

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Rockdale County · 99,145 people
City population
96,534
Metro
Atlanta-Sandy Springs-Alpharetta, GA
Population (ZIP)
28,297
Household income
$74,691
Rent vs Own
36.5% rent · 63.5% own
Severe rent burden
16% of renters

Population outlook (Rockdale County) Hauer SSP2

Today (2025)
99,145 people
By 2030
104,558 · +5.5%
By 2040
116,100 · +17.1%
By 2050
127,827 · +28.9%
By 2075
159,113 · +60.5%
By 2100
181,178 · +82.7%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly Black (70%)
Race & ethnicity
Black 70% White 17% Two or more races 6% Hispanic / Latino 6% Asian 3%
Hispanic origin (detail)
Mexican 4%
Common ancestry
Romanian 1% Lithuanian 1% Slovak 1%
Foreign-born
11% · Canada, Vietnam, China
Languages at home
92% English-only · Spanish 3% Vietnamese 1% Other Indo-European 1%

Political lean MEDSL · Rockdale

2024 margin
Solid D (+47.5) · D 73.4% · R 25.9%
2008→2024 swing
+37.9pp toward D · 2008: 9.6pp · 2024: 47.5pp
All cycles
2024: D+47.5 2020: D+40.8 2016: D+25.9 2012: D+16.4 2008: D+9.6

Not yet ingested

Civics

Price history

-99.1% since first listed
8 events — show timeline
  • 2026-06-26 Price Changed $1,406 RENTLY
  • 2026-06-07 Listed for Rent $1,456 RENTLY
  • 2026-05-20 Relisted FMLS
  • 2026-05-20 Relisted GAMLS
  • 2026-04-23 Pending GAMLS
  • 2026-04-23 Contingent FMLS
  • 2026-04-09 Listed $159,000 FMLS
  • 2026-04-09 Listed $159,000 GAMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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