12022 Hemlock Dr · North Auburn, CA 95603

$210,000

2 bd · 2.0 ba · 1,296 sqft · Manufactured · 83 Days on market

Built 2019 Good condition

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Why this score? — see what drove the C 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 +22.1/30.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• 1% rule +5.8/10.0
• Schools +4.9/10.0
• Condition / age +4.0/5.0
• Rent growth +3.1/5.0
• Livability +3.1/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Woodside Village, a desirable 55+ community where this rare 2019-built move-in-ready manufactured home stands out. First occupied in late 2020, this modern home offers outstanding energy efficiency and contemporary comfort. Inside, you'll find 2 bedrooms, 2 full bathrooms, plus an extra room, ideal for a home office, craft space, fitness room, or guest overflow. Vaulted ceilings and luxury core plank flooring throughout create a bright, open, and cohesive feel. Built with efficiency in mind, the home includes low-E dual pane windows, R-21 & R-22 insulation, and a Rheem gas furnace for year-round comfort. The spacious kitchen features stainless steel appliances, ample counte

Key facts

• Extra room
• Energy efficiency
• Move in ready

Tags

• MOVE IN READY
• ENERGY EFFICIENCY
• EXTRA ROOM
• VAULTED CEILINGS
• LUXURY CORE PLANK FLOORING
• LOW E DUAL PANE WINDOWS

Property features AI

Finance

• Other: Directions: Highway 49 to Luther Road, left into Woodside Village, continue to 1st stop sign, left on Hemlock (guest parking nearby)
• HOA & community: No homeowners association; Located in a senior community; Land lease: No (listed land lease amount present in source but excluded per instructions)

Exterior

• Parking: Attached parking; Covered parking; Boat storage; Guest parking available
• Utilities: Individual electric meter; Natural gas connected; Public water; Public sewer; Internet available
• Home design: Manufactured double-wide home in a park; Built in 2019; Clayton Homes manufacturer
• Construction: Composition roof; Skirting: Other
• Exterior features: Carport awning; Storage area / shed(s); Backyard landscaping

Interior

• Kitchen: Free-standing gas range; Free-standing refrigerator; Dishwasher; Microwave; Disposal; Ice maker
• Bedrooms: 2 bedrooms (includes master bedroom); Office and additional storage room
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms; Low-flow toilets; Combination tub/shower and separate shower stall(s)
• Heating & cooling: Central heating; Central air conditioning; Ceiling fans
• Interior features: Cathedral/vaulted living room ceiling; Pantry closet; Laminate countertops in kitchen; Porch with railings and porch steps; Uncovered patio; Storage area / shed(s); Caulked and sealed dual-pane windows with Low-E glass and screens; Insulation and energy-efficient roof, windows, and thermostat
• Laundry & utility: Washer and dryer included; Laundry sink; Indoor laundry room; 220V outlet in laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $210k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $339 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $210k).
• Recommended offer: $197k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 2.6% in North Auburn — 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 61/100 on livability (#519 in CA) — a middle-class / working-renter tenant base. Strengths: employment A-, housing A-; Watch: schools F, crime D-, amenities F.
• Placer Union High (suburban): math 39% / reading 72% proficiency, ranked #98 of 517 in CA (top 19%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.3%/yr); 204 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 3,535 units permitted in Placer County in 2024 (689 in 5+ unit buildings).
• This rent runs 32% of the median local income ($85k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Placer County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($197k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk; extreme-heat days projected 5→12/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $197,400 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 1.08% ✓
• Cap rate: 8.23%
• Cash-on-cash: 6.92%
• DSCR: 1.31
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $116,640
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12366 Pepperwood Cir #182	0.15mi	2/2.0	1,248 (-4%)	3mo	$110,000	$88	85
12339 Pepperwood #12339	0.19mi	2/2.0	1,344 (+4%)	2mo	$112,000	$83	83
1605 Grass Valley Hwy #46	0.28mi	2/2.0	1,344 (+4%)	2mo	$47,000	$35	79
12202 Hemlock Dr	0.12mi	2/2.0	1,152 (-11%)	6mo	$120,000	$104	71
1514 Cottonwood Cir #8	0.16mi	2/2.0	1,152 (-11%)	5mo	$99,000	$86	70
12326 Pepperwood Cir #200	0.27mi	2/2.0	1,440 (+11%)	1mo	$165,000	$115	68
1605 Grass Valley Hwy #62	0.28mi	2/2.0	1,440 (+11%)	1mo	$55,000	$38	68
12318 Pepperwood Cir #228	0.25mi	2/2.0	1,440 (+11%)	3mo	$115,000	$80	67
12369 Pepperwood Cir	0.16mi	2/2.0	1,440 (+11%)	8mo	$130,000	$90	67
110 Marigold Ave #110	0.43mi	3/— (+1)	1,190 (-8%)	6mo	$140,000	$118	56
2540 Grass Valley Hwy #39	0.75mi	2/2.0	1,180 (-9%)	1mo	$192,000	$163	49
2540 Grass Valley Hwy #108	0.75mi	2/2.0	1,140 (-12%)	2mo	$116,000	$102	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.34% rent growth · sell at horizon

5-year hold

• IRR: -6.4%
• Equity multiple: 0.76×
• Total profit: $-13,898
• Equity at exit: $31,312

10-year hold

• IRR: 2.4%
• Equity multiple: 1.17×
• Total profit: $9,787
• Equity at exit: $18,157

Cash invested: $58,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 95603

• Rents YoY: 2.3%
• Active inventory: 204
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,266 medium
• Mortgage (P&I): −$1,101
• Tax est. 1.5%: −$262 /mo · $3,150/yr
• Insurance: −$88
• HOA: −$0
• Vacancy / Maint / Mgmt: −$476
• Net cashflow: $339

Break-even live

Break-even rent $1,837

Max offer price $210,000

Occupancy floor 80%

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: $52,500
• Closing costs: $6,300
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
630 Shockley Rd Auburn, CA	3.0	2.0	1100	$2,495	$2.27	1d	1	1.04mi
731 Mikkelsen Dr Auburn, CA	2.0	2.0	1006	$2,150	$2.14	1d	1	1.44mi

Listing history 13 events

1. 2026-06-18
   days on market $210,000 Active 83 DOM
2. 2026-06-17
   days on market $210,000 Active 82 DOM
3. 2026-06-16
   days on market $210,000 Active 81 DOM
4. 2026-06-15
   days on market $210,000 Active 80 DOM
5. 2026-06-13
   pricedays on market $210,000 Active 78 DOM
6. 2026-06-13
   days on market $217,000 Active 77 DOM
7. 2026-06-09
   days on market $217,000 Active 74 DOM
8. 2026-06-08
   days on market $217,000 Active 73 DOM
9. 2026-06-07
   days on market $217,000 Active 72 DOM
10. 2026-06-03
    days on market $217,000 Active 68 DOM
11. 2026-06-02
    days on market $217,000 Active 67 DOM
12. 2026-06-01
    days on market $217,000 Active 66 DOM
13. 2026-05-31
    days on market $217,000 Active 65 DOM

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 10/10 Extreme
• 🌡 Heat 6/10 Major 5 d/yr ≥99°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 34 unhealthy d/yr today · 41 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,194
• − Mortgage interest: −$11,763
• − Property taxes: −$3,150
• − Insurance: −$1,050
• − Repairs & maintenance: −$2,176
• − Management: −$2,176
• − Depreciation: −$6,109
• Taxable income: $771
• Est. tax owed @ 24.0%: −$185
• After-tax cash flow: $3,883/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 · 13 photos

Good 80/100 Cosmetic rehab

This move-in-ready manufactured home in Woodside Village is in good condition with modern amenities and a well-maintained exterior. It offers a good return on investment with minor updates to the exterior and appliances.

Value-add opportunities

• Both Painting the exterior — Enhances curb appeal and value
• Both Landscaping improvements — Enhances curb appeal and value
• Resale Replace old appliances — Modernizes the kitchen and improves functionality

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior — Enhances curb appeal and value ↑
• Both Landscaping improvements — Enhances curb appeal and value ↑
• Resale Replace old appliances — Modernizes the kitchen and improves functionality ↑

ⓘ 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: Placer Union High
• NCES district ID: 0630750
• Math proficiency: 39% ▲ 1.00%
• Reading proficiency: 72% ▲ 3.00%
• Median HH income: $69,119
• Composite: 49.04/100
• National rank: #2060
• State rank: #98 of 517 in CA

Livability — North Auburn

• Score: 61/100
• State rank: #519
• US rank: #17512

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Auburn, CA
• County: Placer County · 390,510 people
• City population: 28,195
• Metro: Sacramento-Roseville-Folsom, CA
• Population (ZIP): 28,432
• Household income: $85,357
• Rent vs Own: 30.4% rent · 69.6% own
• Severe rent burden: 1017.0

Population outlook (Placer County) Hauer SSP2

• Today (2025): 422,709 people
• By 2030: 444,249 · +5.1%
• By 2040: 480,192 · +13.6%
• By 2050: 506,390 · +19.8%
• By 2075: 550,219 · +30.2%
• By 2100: 547,760 · +29.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 17% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Italian 3% Slovak 3% Lithuanian 2%
• Foreign-born: 9% · Canada, South Korea
• Languages at home: 88% English-only · Spanish 10% Other Indo-European 1% Tagalog/Filipino 1%

Political lean MEDSL · Placer

• 2024 margin: Lean R (+8.5) · D 44.3% · R 52.8% · Other 2.9%
• 2008→2024 swing: +2.8pp toward D · 2008: -11.3pp · 2024: -8.5pp
• All cycles: 2024: R+8.5 2020: R+6.7 2016: R+11.3 2012: R+20.1 2008: R+11.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -500.89%
• Current HPI: 251.4573
• Rent YoY: ▲ 2.34%
• Metro: Sacramento-Roseville-Folsom, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B