Active$199,000
2 bd2 ba1,124 SFSingle-family home
8137 SW NELSON Drive SW
Covington, GA 30014 · Highland Area · 101 days listed
FMLS #7808130 · Listing Provided By Atlanta Home Estate Realty, Inc. · 770-300-0803
Pending323 days listed
585 Cowan Road, Covington, GA 30016
- 3bd
- 2ba
- 1,276SF
- 0.61ac lot
FMLS #7691568 · Listing Provided By American Realty Professionals of Georgia, LLC. · 855-399-8721 · Listing agent Kyndal Taylor
About this home
Instant equity? Yes, please! Recent appraisal valuation was $205,000. All FHA repairs were completed. The affordable opportunity you've been awaiting is here! This step-less, 3 bedroom, 2 bath, ranch-style house has good bones, and is ready for your finishing touches to make it home. The cozy, 1276 square-feet, features a nice master and two additional bedrooms, two bathrooms, an eat-in kitchen connected to the living room, and a laundry room. A two-car garage is also available for staying out of the cold or rain, or a place to park your toys. With no HOA, its' convenience to shopping and restaurants, and over half an acre lot, this one will check the boxes. Come see it today! Please be aware this property is to be sold "as-is". Seller is offering a one-year home warranty, upon request.
How this list price compares in Covington
- List price is 41% below the Covington median list price of $330,000 (483 homes).
- Compared with 476 single-family homes in Covington: 42% below the median of $334,950.
- List price per square foot is 5% below the Covington median of $160/SF.
- All 483 homes for sale in Covington, GA.
- 531 homes for sale in Newton County.
Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.
Home facts
- Property type
- Single-family home
- Status
- Pending
- Bedrooms
- 3
- Full baths
- 2
- Living area
- 1,276 SF
- Lot size
- 0.61 acres
- Year built
- 1991
- Levels
- One
- Main-level bedrooms
- 3
- Garage spaces
- 1
- Parking
- Garage, Garage Door Opener
- Style
- Ranch
- Construction
- Vinyl Siding
- Roof
- Tar/Gravel
- Flooring
- Laminate
- Heating
- Central
- Cooling
- Central Air
- Appliances
- Dishwasher, Microwave, Refrigerator
- Lot
- Back Yard, Level
- HOA
- No
- Annual tax
- $1,962 (2024)
- County
- Newton
Assigned schools
- HighAlcovy
- MiddleLiberty - Newton
- ElementarySouth Salem
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $194,500 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$1,564/mo
- Principal and interest
- $1,202
- Property tax
- $164
- Home insurance
- $125
- Mortgage insurance
- $73
- HOA dues
- $0
- Loan amount
- $175,050
- Cash down
- $19,450
This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.
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Questions about this home
How do I schedule a showing of this home?
Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.
How do I get more information about this listing?
Send your question through the form on this page. Listing details come from FMLS and are provided by American Realty Professionals of Georgia, LLC., so confirm them before making an offer.
Is this home still available?
This page shows the status reported in FMLS (Pending) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.
How is the monthly payment estimate calculated?
It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.
Where can I see similar homes for sale in Covington?
See the similar homes section on this page, or browse all homes for sale in Covington, GA.
Beyond homes
Also exploring Georgia investment real estate?
Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.
Other property types for sale
- apartment buildings for sale in GAApartment buildings and complexes for sale across Georgia.
- Georgia multifamily investment properties for saleDuplexes to large complexes, with screening cap rates on each building.
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- commercial properties for sale in GeorgiaOffice, retail, industrial and other commercial buildings.
Investor research and tools
- apartment cap rates in GeorgiaMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- how to calculate NOI on an apartment buildingHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- debt service coverage ratio for apartmentsDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- gross rent multiplier explainedGross rent multiplier on apartment buildings: the formula, Georgia asking GRMs, and when GRM misleads.
- commercial cap rate calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- DSCR and cash-on-cash calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
Thinking about a rental or a building instead? Send Jeff a message.
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