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13
21 Rentals Confirm $1,335 Rent
Updated 7 days ago
Your Investment Paths
Turnkey Rental
This property shows strong potential as a rental, with estimated monthly income ranging between $1,255 and $1,389. These figures align well with recent neighborhood activity, offering investors a solid foundation for steady, reliable cash flow. With an estimated yield of 10.87%, this investment stands out as a promising opportunity. The consistent demand for two-bedroom units in this area makes it an attractive choice for those seeking balanced returns and growth.
More about this home
Neighborhood Assessment
Sprayberry Rd in Newnan, GA sits in a stable, working-class neighborhood—think C-class with solid potential. You've got decent schools nearby like Jefferson Parkway Elementary (rating 3/10), Evans Middle (5/10), and Newnan High (6/10), all within 2 miles. Comp homes are zestimating $170K-$260K for larger properties, showing demand for updated 2-3 beds. Walkability's okay for in-town access, but it's more car-dependent. No big developments popping up, though Newnan's growth keeps values steady around $140K-$150K for this 832 sqft, 2-bed, 1-bath '40s charmer on 0.47 acres. Risks are low with minimal flood/fire, but major wind/heat exposure could bump insurance. Neighborhood feels safe, family-oriented—perfect for long-term holds or rentals at ~$1.5K/mo.
Market Activity
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Rental Income
$16K
Yield
10.9%
Year 1 Estimates
Fix-and-Flip
Renovating this home creates significant value, boosting the price per square foot from $149 to $211. This represents a 41% gain, helping the property stand out and creating a more modern, desirable lifestyle for future residents. Updating provides a clear path to higher returns and faster interest. The potential sell price reaches $186,000, effectively unlocking over $50,000 in added value. It is a smart, reliable move for anyone looking to maximize their home investment.
Value Add
$52K
Post Typical Renovation
Buy-Rehab-Rent
This property offers strong BRR potential with a post-renovation value estimated between $168,000 and $186,000. Significant equity capture is possible by bridging the gap between the current sub-$150,000 market baseline and updated property values. Expect monthly rental income around $1,334, supporting a solid 9.0% yield. Given the 832-square-foot layout and efficient price-per-square-foot targets, this investment serves as an effective strategy for generating steady cash flow and long-term appreciation.
Rental Income
$16K
Yield
9.0%
Year 1 Estimates, Post Typical Renovation
Estimated value
$146K
$49K below comp median
Comparative Market Analysis
$125K – $275K
~178 days to sell
Based on 8 comps
42 Sprayberry Rd, Newnan Investment Report: Flip & Rental Analysis · Frontflip