$225,000
●
House -
Off Market
550 OLD CORINTH Road
Newnan, GA 30263
4 Beds
3 Baths
2,068 Ft²
$1,316
Est. Monthly
11.17%
Cap Rate
About This Property
Welcome to your ranch style, 3 bedroom, 2 bathroom home with a full
1 bedroom, 1 bathroom mother-in-law suite downstairs. The spacious
living room has original hardwoods and lots of natural light. The
adjoining kitchen has upgraded countertops and is open concept with
the dining room. The suite downstairs also has a large den area
that is accessible to the outside via French doors. Once
you're outside, you'll be able to enjoy your almost full acre of
land that is lined with established trees on most sides. You're
only 2 miles away from Newnan High School and 3 miles away from
downtown Newnan but you still have lots of peace and quiet. This
house has tons of charm and is listed well below comps to allow a
buyer room for cosmetic updates if desired.
Unit Size
2,068 Ft²
Days on Market
-
Land Size
0.97 acres
Price per sqft
$119
Property Type
House
Property Taxes
$110
HOA Dues
-
Year Built
1989
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (GAMLS #10240547)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2024 | Sold | ||
| Sold | |||
| Aug 4, 2024 | In contract | - | |
| In contract | |||
| Jul 18, 2024 | Listed by Swanson & Associates Realty | $299,999 | |
| Listed by Swanson & Associates Realty | |||
| | |||
|
Must See! Offering 4 bedrooms, 3 full baths, and a fully updated living area; this updated property includes several features you would associate with comfort. Boasting the coveted stand-alone basement, which includes a kitchenette, there are lots of recreational areas. Front porch? Yes. Screened in back porch? Yes. Fenced backyard with a gazebo and firepit? Yes. This is the one. Come and check it out!
| |||
| Mar 8, 2024 | Sold | ||
| Sold | |||
| Jan 11, 2024 | Listed by Atlanta Communities | $245,500 | |
| Listed by Atlanta Communities | |||
| | |||
|
Welcome to your ranch style, 3 bedroom, 2 bathroom home with a full 1 bedroom, 1 bathroom mother-in-law suite downstairs. The spacious living room has original hardwoods and lots of natural light. The adjoining kitchen has upgraded countertops and is open concept with the dining room. The suite downstairs also has a large den area that is accessible to the outside via French doors.
Once you're outside, you'll be able to enjoy your almost full acre of land that is lined with established trees on most sides. You're only 2 miles away from Newnan High School and 3 miles away from downtown Newnan but you still have lots of peace and quiet. This house has tons of charm and is listed well below comps to allow a buyer room for cosmetic updates if desired.
| |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Mallard Landing
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Listed by: Christopher Hassler, Atlanta Communities
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10240547
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10240547
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The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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