4920 Hansard Dr · Cumming, GA 30040

$199,994

3 bd · 2.0 ba · 2,100 sqft · Manufactured public records · 29 Days on market

Built 2005 1.00 ac lot

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Why this score? — see what drove the B 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.3/10.0
• ARV discount +7.5/15.0
• Schools +5.7/10.0
• Livability +3.8/5.0
• Rent growth +2.9/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 4-bedroom, 3-bathroom double wide mobile home sits on a level 1-acre lot and offers a flexible, spacious layout ready for your personal touch. With both a separate living room and family room, plus a dedicated office/library, there's plenty of room to live, work, and relax. The primary suite features his-and-hers closets and a private bath with double vanity, along with a separate tub and shower. The kitchen includes stained cabinetry, laminate countertops, and essential appliances. With solid structure and great bones, this home is a fantastic opportunity for buyers looking to complete cosmetic updates and build equity. Enjoy year-round comfort with central air, forced-air heating, and ceiling fans, along with the convenience of public water and sewer. Outside, the level 1-acre lot offers excellent usability for outdoor living, gardening, or future improvements, while the front porch provides a welcoming place to unwind.

Key facts

• Double vanity
• His and hers closets
• Level 1 acre lot

Tags

• LEVEL 1 ACRE LOT
• SEPARATE LIVING ROOM
• DEDICATED OFFICE LIBRARY
• HIS AND HERS CLOSETS
• PRIVATE BATH
• DOUBLE VANITY

What this means for you Summary

Snapshot

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

Deal economics

• At list price, monthly cash flow is $832 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $200k).
• Recommended offer: $197k (1.5% below list) — sets the bar for market timing.
• Cap rate 11.3% vs local median 2.8% in Cumming — 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 76/100 on livability (#29 in GA, #3,797 nationally) — a middle-class / working-renter tenant base. Strengths: health & safety A+, crime A, housing A; Watch: employment C-, amenities D-, commute F.
• Forsyth County (suburban): math 62% / reading 62% proficiency, ranked #5 of 174 in GA (top 3%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+1.6%/yr); 896 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 2,525 units permitted in Forsyth County in 2024 (810 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 $6k of value loss. Plan a longer hold.
• Forsyth County population projected at +71% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 1.6% rent growth), your $56k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $87k; list at $200k implies a 130% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $196,994 (1.5% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
3. 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.
4. 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.
5. 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: 1.33% ✓
• Cap rate: 11.29%
• Cash-on-cash: 17.84%
• DSCR: 1.79
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.65% rent growth · sell at horizon

5-year hold

• IRR: 7.9%
• Equity multiple: 1.30×
• Total profit: $17,017
• Equity at exit: $29,820

10-year hold

• IRR: 16.0%
• Equity multiple: 2.23×
• Total profit: $68,737
• Equity at exit: $17,292

Cash invested: $55,998 (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 30040

• Home prices YoY: -22.3%
• Rents YoY: 1.6%
• Active inventory: 896
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,657 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$135 /mo · $1,617/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$558
• Net cashflow: $832

Break-even live

Break-even rent $1,604

Max offer price $199,994

Occupancy floor 64%

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: $49,998
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7355 Richmond Way Cumming, GA	2.0	1.0	1650	$1,880	$1.14	43d	1	0.61mi
3525 Moor Pointe Dr Cumming, GA	4.0	2.5	1983	$2,350	$1.19	24d	1	0.96mi
3822 Carriage House Dr Cumming, GA	3.0	2.0	2036	$2,800	$1.38	20d	1	1.22mi
5677 Bentley Rd Cumming, GA	3.0	3.0	2423	$3,400	$1.40	2d	1	1.25mi
3538 Old Towne Ln Cumming, GA	4.0	3.5	2580	$2,950	$1.14	12d	1	1.45mi

Listing history 12 events

1. 2026-04-18
   listed $199,994 New 947-char remark

   Show marketing remark (953 chars)

   This 4-bedroom, 3-bathroom double wide mobile home sits on a level 1-acre lot and offers a flexible, spacious layout ready for your personal touch. With both a separate living room and family room, plus a dedicated office/library, there’s plenty of room to live, work, and relax. The primary suite features his-and-hers closets and a private bath with double vanity, along with a separate tub and shower. The kitchen includes stained cabinetry, laminate countertops, and essential appliances. With solid structure and great bones, this home is a fantastic opportunity for buyers looking to complete cosmetic updates and build equity. Enjoy year-round comfort with central air, forced-air heating, and ceiling fans, along with the convenience of public water and sewer. Outside, the level 1-acre lot offers excellent usability for outdoor living, gardening, or future improvements, while the front porch provides a welcoming place to unwind.

2. 2026-04-18
   listed $199,994 Active 953-char remark

   Show marketing remark (953 chars)

   This 4-bedroom, 3-bathroom double wide mobile home sits on a level 1-acre lot and offers a flexible, spacious layout ready for your personal touch. With both a separate living room and family room, plus a dedicated office/library, there’s plenty of room to live, work, and relax. The primary suite features his-and-hers closets and a private bath with double vanity, along with a separate tub and shower. The kitchen includes stained cabinetry, laminate countertops, and essential appliances. With solid structure and great bones, this home is a fantastic opportunity for buyers looking to complete cosmetic updates and build equity. Enjoy year-round comfort with central air, forced-air heating, and ceiling fans, along with the convenience of public water and sewer. Outside, the level 1-acre lot offers excellent usability for outdoor living, gardening, or future improvements, while the front porch provides a welcoming place to unwind.

3. 2016-04-30
   price $79,900
4. 2016-04-22
   price $79,900
5. 2016-04-14
   soldstatus $87,000 Sold
6. 2016-04-14
   price $87,000
7. 2016-04-14
   soldstatus $87,000 Sold
8. 2016-02-26
   status Under Contract
9. 2016-02-26
   historical Pending
10. 2016-02-26
    price $87,000
11. 2016-02-17
    listed $79,900 New
12. 2016-02-17
    listed $79,900 Active

ⓘ 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: $1,617 · $135/mo
• Projected year-2 tax: $1,840 · $153/mo
• Expected delta: +$223/yr (+$19/mo · 13.8%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 17 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 14% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,888
• − Mortgage interest: −$11,203
• − Property taxes: −$1,617
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,551
• − Management: −$2,551
• − Depreciation: −$5,818
• Taxable income: $7,148
• Est. tax owed @ 24.0%: −$1,716
• After-tax cash flow: $8,273/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: Forsyth County
• NCES district ID: 1302220
• Math proficiency: 62% ▼ -13.00%
• Reading proficiency: 62% ▼ -11.00%
• Median HH income: $89,763
• Composite: 56.54/100
• National rank: #1151
• State rank: #5 of 174 in GA

Livability — Cumming

• Score: 76/100
• State rank: #29
• US rank: #3797

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Forsyth County · 198,629 people
• City population: 198,629
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 82,532
• Household income: $137,211
• Rent vs Own: 15.9% rent · 84.1% own
• Severe rent burden: 1056.0

Population outlook (Forsyth County) Hauer SSP2

• Today (2025): 294,519 people
• By 2030: 336,546 · +14.3%
• By 2040: 421,220 · +43.0%
• By 2050: 502,754 · +70.7%
• By 2075: 683,179 · +132.0%
• By 2100: 792,174 · +169.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Asian 13% Hispanic / Latino 12% Two or more races 11% Black 4%
• Hispanic origin (detail): Mexican 5% Puerto Rican 2%
• Common ancestry: Romanian 2% Italian 2% Slovak 2%
• Foreign-born: 20% · Canada, Jamaica, South Korea
• Languages at home: 75% English-only · Spanish 9% Other Asian/Pacific 6% Other Indo-European 5%

Political lean MEDSL · Forsyth

• 2024 margin: Solid R (+33.1) · D 32.9% · R 66.0% · Other 1.1%
• 2008→2024 swing: +24.9pp toward D · 2008: -58.0pp · 2024: -33.1pp
• All cycles: 2024: R+33.1 2020: R+33.2 2016: R+47.7 2012: R+62.9 2008: R+58.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -79.76%
• Current HPI: 277.8697
• Rent YoY: ▲ 1.65%
• 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

+150.3% since first listed

12 events — show timeline

• 2026-04-18 Listed $199,994 FMLS
• 2026-04-18 Listed $199,994 GAMLS
• 2016-04-30 Price Changed $79,900 GAMLS
• 2016-04-22 Price Changed $79,900 FMLS
• 2016-04-14 Sold (MLS) $87,000 GAMLS
• 2016-04-14 Sold (MLS) $87,000 FMLS
• 2016-04-14 Price Changed $87,000 FMLS
• 2016-02-26 Pending — GAMLS
• 2016-02-26 Contingent — FMLS
• 2016-02-26 Price Changed $87,000 GAMLS
• 2016-02-17 Listed $79,900 GAMLS
• 2016-02-17 Listed $79,900 FMLS

Property tax history

+3.1%/yr

Latest (2025): $1,617 · +9.9% YoY. Source: county tax records.