48 E Cardinal Ln · Lilburn, GA 30044

$130,000

3 bd · 2.0 ba · 1,456 sqft · Condo · 89 Days on market

Built 2018 Good condition $89/sqft · 55% below area

---

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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +3.8/5.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Rent growth +1.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well-maintained 2018 double-wide manufactured/mobile home located in Lawrenceville, conveniently near many shopping, dining and major highways with few minutes to Lawrenceville parkway, Pleasant Hill Rd, I85, Costco Duluth, commercial centers, office...making daily living easy and accessible. This home features 3 bedrooms and 2 full bathrooms with approximately 1,500 square feet of living space, an open-concept layout, large kitchen, separate laundry room and comfortable living area. All appliances (fridge, washer, dryer) will stay with the home. Land lease is currently $913.75/month (including trash $22.75/month) and community amenities included fenced in soccer field, pool, fitness center, playground and clubhouse. This priced home is a great opportunity for affordable homeownership in Gwinnett county.

Key facts

• 6 parking spots
• Built 2018
• Listed 89 days

🏷️ Possibly a rental listed for sale. The $130,000 price doesn't fit this home's estimated sale value (~$290,935) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath condo listed at $130k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $725 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Recommended offer: $122k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.0% vs local median 3.4% in Lilburn — 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 72/100 on livability (#61 in GA) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A, amenities B; Watch: commute F.
• Gwinnett County (suburban): math 39% / reading 43% proficiency, ranked #32 of 174 in GA (top 18%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Bethesda Elementary School (math 26% / reading 28%, grade F, #689 of 1,228 statewide, top 58%, 1,148 students, 78% FRL); Sweetwater Middle School (math 26% / reading 35%, grade F, #240 of 470 statewide, top 51%, 1,480 students, 85% FRL); Berkmar High School (math 2% / reading 8%, grade F, #394 of 424 statewide, top 97%, 3,029 students, 76% FRL) — zoned schools average 80% FRL vs 47% district-wide (32 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 21% at this address vs 41% district-wide (-20 pts) — the specific schools serving this property underperform the Gwinnett County average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-2.8%/yr); 405 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 5,607 units permitted in Gwinnett County in 2024 (1,277 in 5+ unit buildings).
• This rent runs 32% of the median local income ($77k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Gwinnett County population projected at +47% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $36k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 89 days — a 6% lower offer ($122k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $122,200 (6.0% below list)

Questions for the listing agent

1. It's been on market 89 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.58% ✓
• Cap rate: 12.98%
• Cash-on-cash: 23.90%
• DSCR: 2.06
• GRM: 5.3

CMA / ARV

• ARV (median comp): $290,935
• List price: $130,000
• Delta: -55.32%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 13.7%
• Equity multiple: 1.53×
• Total profit: $19,116
• Equity at exit: $19,383

10-year hold

• IRR: 20.1%
• Equity multiple: 2.45×
• Total profit: $52,953
• Equity at exit: $11,240

Cash invested: $36,400 (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 30044

• Rents YoY: -2.8%
• Active inventory: 405
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $2,055 high
• Mortgage (P&I): −$682
• Tax est. 1.5%: −$162 /mo · $1,950/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$432
• Net cashflow: $725

Break-even live

Break-even rent $1,137

Max offer price $130,000

Occupancy floor 60%

Sensitivity live

Price	-10% $815	-5% $770	+0% $725	+5% $680	+10% $635
Rent	-10% $563	-5% $644	+0% $725	+5% $806	+10% $887
Rate	-1.0pp $790	-0.5pp $758	base $725	+0.5pp $691	+1.0pp $657

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
510 Sunnyside Dr Lawrenceville, GA	3.0	2.0	1640	$2,151	$1.31	20d	1	0.41mi
3789 Lawrenceville Hwy Lawrenceville, GA	1.0–3.0	1.0–2.0	1020	$1,779	$1.74	0d	28	0.47mi
500 Pleasant Hill Rd NW Lilburn, GA	1.0–3.0	1.0–2.0	1082	$1,968	$1.82	0d	38	0.62mi
3208 Glenloch Pl Lawrenceville, GA	3.0	2.5	1576	$1,925	$1.22	26d	1	0.69mi
3160 Glenloch Pl Lawrenceville, GA	3.0	2.5	1534	$2,560	$1.67	45d	1	0.75mi
679 Burnt Creek Dr NW Lilburn, GA	3.0	2.0	1329	$2,050	$1.54	26d	1	0.94mi
679 Burnt Creek Dr NW Unit NA Lilburn, GA	3.0	2.0	1329	$2,050	$1.54	5d	1	0.94mi
4007 Burns Rd NW Lilburn, GA	2.0	1.5	1100	$1,600	$1.45	45d	1	0.98mi
123 Sir Gregory Mnr Lawrenceville, GA	3.0	1.5	1102	$1,775	$1.61	0d	1	0.99mi
728 Burnt Creek Dr NW Unit B Lilburn, GA	2.0	2.5	1200	$1,550	$1.29	7d	1	1.02mi
3328 Vintage Pointe Ct Lawrenceville, GA	2.0	2.0	1724	$1,850	$1.07	45d	1	1.02mi
4122 Johns St NW Lilburn, GA	3.0	2.0	1508	$2,095	$1.39	26d	1	1.18mi
3498 Hidden Valley Cir Lawrenceville, GA	3.0	3.5	1742	$2,250	$1.29	0d	1	1.19mi
1271 Vintage Pointe Dr Lawrenceville, GA	2.0	2.5	1248	$1,800	$1.44	14d	1	1.21mi
1229 Vintage Pointe Dr Lawrenceville, GA	2.0	2.5	1380	$1,800	$1.30	14d	1	1.23mi
3645 McClaren Way Lawrenceville, GA	3.0	2.5	1816	$2,150	$1.18	26d	1	1.28mi
156 Bethesda Church Rd Lawrenceville, GA	1.0–3.0	1.0–2.0	1183	$2,170	$1.83	0d	9	1.33mi
3175 Haverhill Rowe Lawrenceville, GA	3.0	2.5	1852	$2,100	$1.13	26d	1	1.47mi
230 Mahone Dr Lilburn, GA	3.0	2.5	1843	$2,300	$1.25	7d	1	1.48mi
3095 Haverhill Rowe Lawrenceville, GA	3.0	2.0	1578	$2,300	$1.46	0d	1	1.50mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: trashpoolgym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 18 events

1. 2026-06-22
   days on market $130,000 Active 89 DOM
2. 2026-06-18
   days on market $130,000 Active 86 DOM
3. 2026-06-17
   days on market $130,000 Active 85 DOM
4. 2026-06-16
   days on market $130,000 Active 84 DOM
5. 2026-06-15
   days on market $130,000 Active 83 DOM
6. 2026-06-13
   days on market $130,000 Active 81 DOM
7. 2026-06-09
   days on market $130,000 Active 77 DOM
8. 2026-06-08
   days on market $130,000 Active 76 DOM
9. 2026-06-07
   days on market $130,000 Active 75 DOM
10. 2026-06-04
    days on market $130,000 Active 72 DOM
11. 2026-06-03
    days on market $130,000 Active 71 DOM
12. 2026-06-02
    days on market $130,000 Active 70 DOM
13. 2026-06-01
    days on market $130,000 Active 69 DOM
14. 2026-05-31
    days on market $130,000 Active 68 DOM
15. 2026-03-25
    listed $135,000 New 816-char remark

    Show marketing remark (816 chars)

    Well-maintained 2018 double-wide manufactured/mobile home located in Lawrenceville, conveniently near many shopping, dining and major highways with few minutes to Lawrenceville parkway, Pleasant Hill Rd, I85, Costco Duluth, commercial centers, office...making daily living easy and accessible. This home features 3 bedrooms and 2 full bathrooms with approximately 1,500 square feet of living space, an open-concept layout, large kitchen, separate laundry room and comfortable living area. All appliances (fridge, washer, dryer) will stay with the home. Land lease is currently $913.75/month (including trash $22.75/month) and community amenities included fenced in soccer field, pool, fitness center, playground and clubhouse. This priced home is a great opportunity for affordable homeownership in Gwinnett county.

16. 2026-03-25
    listed $135,000 Active 816-char remark

    Show marketing remark (816 chars)

    Well-maintained 2018 double-wide manufactured/mobile home located in Lawrenceville, conveniently near many shopping, dining and major highways with few minutes to Lawrenceville parkway, Pleasant Hill Rd, I85, Costco Duluth, commercial centers, office...making daily living easy and accessible. This home features 3 bedrooms and 2 full bathrooms with approximately 1,500 square feet of living space, an open-concept layout, large kitchen, separate laundry room and comfortable living area. All appliances (fridge, washer, dryer) will stay with the home. Land lease is currently $913.75/month (including trash $22.75/month) and community amenities included fenced in soccer field, pool, fitness center, playground and clubhouse. This priced home is a great opportunity for affordable homeownership in Gwinnett county.

17. 2026-03-24
    historical $135,000 816-char remark

    Show marketing remark (816 chars)

    Well-maintained 2018 double-wide manufactured/mobile home located in Lawrenceville, conveniently near many shopping, dining and major highways with few minutes to Lawrenceville parkway, Pleasant Hill Rd, I85, Costco Duluth, commercial centers, office...making daily living easy and accessible. This home features 3 bedrooms and 2 full bathrooms with approximately 1,500 square feet of living space, an open-concept layout, large kitchen, separate laundry room and comfortable living area. All appliances (fridge, washer, dryer) will stay with the home. Land lease is currently $913.75/month (including trash $22.75/month) and community amenities included fenced in soccer field, pool, fitness center, playground and clubhouse. This priced home is a great opportunity for affordable homeownership in Gwinnett county.

18. 2026-03-24
    historical $135,000 816-char remark

    Show marketing remark (816 chars)

    Well-maintained 2018 double-wide manufactured/mobile home located in Lawrenceville, conveniently near many shopping, dining and major highways with few minutes to Lawrenceville parkway, Pleasant Hill Rd, I85, Costco Duluth, commercial centers, office...making daily living easy and accessible. This home features 3 bedrooms and 2 full bathrooms with approximately 1,500 square feet of living space, an open-concept layout, large kitchen, separate laundry room and comfortable living area. All appliances (fridge, washer, dryer) will stay with the home. Land lease is currently $913.75/month (including trash $22.75/month) and community amenities included fenced in soccer field, pool, fitness center, playground and clubhouse. This priced home is a great opportunity for affordable homeownership in Gwinnett county.

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

Taxation est. · year 1

• Rental income: $24,658
• − Mortgage interest: −$7,282
• − Property taxes: −$1,950
• − Insurance: −$650
• − Repairs & maintenance: −$1,973
• − Management: −$1,973
• − Depreciation: −$3,782
• Taxable income: $7,049
• Est. tax owed @ 24.0%: −$1,692
• After-tax cash flow: $7,008/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

This well-maintained 2018 double-wide manufactured home is move-in ready with good condition and minimal repairs needed.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value
• Resale Replace countertops — Modernizes kitchen and adds value
• Resale Replace flooring — Freshens up living areas and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and resale value ↑
• Resale Replace countertops — Modernizes kitchen and adds value ↑
• Resale Replace flooring — Freshens up living areas and adds value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Gwinnett County
• NCES district ID: 1302550
• Math proficiency: 39% ▼ -15.00%
• Reading proficiency: 43% ▼ -10.00%
• Median HH income: $62,416
• Composite: 36.5/100
• National rank: #4648
• State rank: #32 of 174 in GA

Livability — Lilburn

• Score: 72/100
• State rank: #61
• US rank: #5949

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Gwinnett County · 952,346 people
• City population: 70,121
• Metro: Atlanta-Sandy Springs-Alpharetta, GA
• Population (ZIP): 101,475
• Household income: $77,321
• Rent vs Own: 38.1% rent · 61.9% own
• Severe rent burden: 3075.0

Population outlook (Gwinnett County) Hauer SSP2

• Today (2025): 1,106,028 people
• By 2030: 1,211,414 · +9.5%
• By 2040: 1,422,277 · +28.6%
• By 2050: 1,623,204 · +46.8%
• By 2075: 2,105,240 · +90.3%
• By 2100: 2,443,321 · +120.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.75)
• Race & ethnicity: Hispanic / Latino 32% Black 28% White 21% Asian 14% Two or more races 12%
• Hispanic origin (detail): Mexican 13% Puerto Rican 2% Dominican 2%
• Common ancestry: Slovak 1% Romanian 1% Italian 1%
• Foreign-born: 34% · Canada, Vietnam, Jamaica
• Languages at home: 54% English-only · Spanish 30% Vietnamese 5% Other Indo-European 3%

Political lean MEDSL · Gwinnett

• 2024 margin: D (+16.5) · D 57.6% · R 41.1% · Other 1.2%
• 2008→2024 swing: +26.8pp toward D · 2008: -10.2pp · 2024: 16.5pp
• All cycles: 2024: D+16.5 2020: D+18.3 2016: D+5.8 2012: R+9.4 2008: R+10.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -304.00%
• Current HPI: 241.2788
• Rent YoY: ▼ -2.78%
• 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

+0.0% since first listed

4 events — show timeline

• 2026-03-25 Listed $135,000 GAMLS
• 2026-03-25 Listed $135,000 FMLS
• 2026-03-24 Coming Soon $135,000 GAMLS
• 2026-03-24 Coming Soon $135,000 FMLS