135 Lily Ave · North Auburn, CA 95603

$120,000

2 bd · 2.0 ba · 1,100 sqft · Manufactured · 35 Days on market

Built 1970 Good condition Est $114k · at est.

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +5.3/15.0
• Schools +4.9/10.0
• Condition / age +3.8/5.0
• Rent growth +3.1/5.0
• Livability +3.1/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 135 Lily Avenue, a move-in ready manufactured home offering comfort, space, and easy living in a peaceful Auburn setting. Inside, you'll find a bright and functional floor plan with spacious living areas, generous bedrooms, ample storage, and a dedicated office space that's perfect for working from home, hobbies, or extra flexibility. The home has been well cared for and offers a practical layout that makes it easy to settle right in. The bathrooms include helpful accessibility features, including grab bars and walk-in bathing options, adding convenience and functionality. Outside, enjoy a shaded front porch perfect for relaxing and taking in the summer breeze, along with an addi

Key facts

• Low-maintenance yard
• Shaded front porch
• Conveniently located

Tags

• DEDICATED OFFICE SPACE
• ACCESSIBILITY FEATURES
• SHADED FRONT PORCH
• LOW-MAINTENANCE YARD
• CONVENIENTLY LOCATED

Property features AI

Finance

• Financial info: Land lease: No (listed land lease amount present but land lease flag indicates No)
• HOA & community: No association; Not a senior community

Exterior

• Parking: Covered parking
• Utilities: Public water; Public sewer; Internet available; 220V in kitchen; 220V in laundry
• Home design: Manufactured in park; Double wide; Built in 1970
• Construction: Thunderbird make (mobile home)
• Exterior features: Composition roof; Other lot features

Interior

• Kitchen: No specific kitchen features listed
• Bedrooms: 2 bedrooms
• Flooring: Carpet; Laminate
• Bathrooms: 2 full bathrooms; Shower stall(s)
• Heating & cooling: Central heating; Central air conditioning; Ceiling fan(s)
• Interior features: Great room living area; Formal dining area; Pets allowed
• Laundry & utility: Laundry inside

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $120k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $777 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $120k).
• Recommended offer: $116k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.1% 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; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 3,535 units permitted in Placer County in 2024 (689 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 2.3% rent growth), your $34k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($116k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wildfire risk; extreme-heat days projected 6→14/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,400 (3.0% below list)

Questions for the listing agent

1. It's been on market 35 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 1.69% ✓
• Cap rate: 14.06%
• Cash-on-cash: 27.76%
• DSCR: 2.23
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $114,400
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
99 Marigold Ave #99	0.05mi	2/2.0	1,052 (-4%)	0mo	$125,000	$119	90
85 Primrose Ave	0.08mi	2/2.0	1,100 (0%)	14mo	$155,000	$141	84
108 Marigold	0.03mi	2/2.0	1,000 (-9%)	10mo	$120,000	$120	75
110 Marigold Ave #110	0.03mi	3/— (+1)	1,190 (+8%)	6mo	$140,000	$118	74
107 Marigold Ave	0.05mi	2/2.0	1,200 (+9%)	15mo	$92,000	$77	70
1514 Cottonwood Cir #8	0.40mi	2/2.0	1,152 (+5%)	5mo	$99,000	$86	69
12202 Hemlock Dr	0.46mi	2/2.0	1,152 (+5%)	6mo	$120,000	$104	66
1608 Spruce Ct	0.48mi	2/2.0	1,152 (+5%)	10mo	$125,000	$109	61
1605 Grass Valley Hwy #84	0.19mi	2/2.0	1,246 (+13%)	14mo	$125,000	$100	58
12366 Pepperwood Cir #182	0.53mi	2/2.0	1,248 (+14%)	3mo	$110,000	$88	51
12207 Hemlock Dr #99	0.49mi	2/2.0	1,248 (+14%)	10mo	$120,000	$96	47
1604 Spruce Ct #95	0.48mi	2/2.0	1,248 (+14%)	16mo	$109,000	$87	42

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: 21.1%
• Equity multiple: 1.86×
• Total profit: $28,740
• Equity at exit: $17,892

10-year hold

• IRR: 28.8%
• Equity multiple: 3.48×
• Total profit: $83,454
• Equity at exit: $10,375

Cash invested: $33,600 (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: 4.9×

Monthly cashflow live

• Estimated rent: $2,033 high
• Mortgage (P&I): −$629
• Tax est. 1.5%: −$150 /mo · $1,800/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $777

Break-even live

Break-even rent $1,050

Max offer price $120,000

Occupancy floor 57%

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: $30,000
• Closing costs: $3,600
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11754 Jones St Unit 11754 Auburn, CA	1.0	1.0	700	$1,595	$2.28	3d	1	0.98mi
11752 Jones St Unit 11752 Auburn, CA	2.0	1.0	815	$1,795	$2.20	10d	1	0.98mi
630 Shockley Rd Auburn, CA	3.0	2.0	1100	$2,495	$2.27	1d	1	1.15mi
731 Mikkelsen Dr Auburn, CA	2.0	2.0	1006	$2,150	$2.14	1d	1	1.19mi
327 Nevada St Apt 4 Auburn, CA	1.0	1.0	800	$1,350	$1.69	1d	1	1.29mi
560 Landis Cir Auburn, CA	2.0	1.0	1188	$2,550	$2.15	1d	1	1.39mi
203 E Electric St Auburn, CA	2.0	1.0	1100	$1,625	$1.48	1d	1	1.42mi

Listing history 13 events

1. 2026-06-18
   days on market $120,000 Active 35 DOM
2. 2026-06-17
   days on market $120,000 Active 34 DOM
3. 2026-06-16
   days on market $120,000 Active 33 DOM
4. 2026-06-15
   days on market $120,000 Active 32 DOM
5. 2026-06-13
   days on market $120,000 Active 30 DOM
6. 2026-06-13
   days on market $120,000 Active 29 DOM
7. 2026-06-09
   days on market $120,000 Active 26 DOM
8. 2026-06-08
   days on market $120,000 Active 25 DOM
9. 2026-06-07
   days on market $120,000 Active 24 DOM
10. 2026-06-03
    days on market $120,000 Active 20 DOM
11. 2026-06-02
    days on market $120,000 Active 19 DOM
12. 2026-06-01
    days on market $120,000 Active 18 DOM
13. 2026-05-31
    days on market $120,000 Active 17 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 6/10 Major FEMA zone X (unshaded) · 72% chance over 30 yrs
• 🔥 Wildfire 10/10 Extreme
• 🌡 Heat 6/10 Major 6 d/yr ≥99°F today · 14 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: $24,402
• − Mortgage interest: −$6,722
• − Property taxes: −$1,800
• − Insurance: −$600
• − Repairs & maintenance: −$1,952
• − Management: −$1,952
• − Depreciation: −$3,491
• Taxable income: $7,885
• Est. tax owed @ 24.0%: −$1,892
• After-tax cash flow: $7,433/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 75/100 Cosmetic rehab

This move-in ready manufactured home is in good condition with some minor repairs needed. It offers a practical layout and is well-maintained, making it an attractive option for both resale and rental.

Repairs flagged

• Minor Porch railings — The railings show some wear and could benefit from a fresh coat of paint.

Value-add opportunities

• Both Paint the railings and trim landscaping — These updates will enhance the curb appeal and make the home more inviting for potential buyers or renters.
• Resale Replace dated kitchen appliances — Upgrading the appliances will make the kitchen more appealing to potential buyers.

Renovation cost estimate screening

Repair item	Severity	Est. cost
Porch railings · The railings show some wear and could benefit from a fresh coat of paint.	Minor	$500–3,000
Total estimated repair cost · 1 items		$500–3,000

Value-add ROI direction

• Both Paint the railings and trim landscaping — These updates will enhance the curb appeal and make the home more inviting for potential buyers or renters. ↑
• Resale Replace dated kitchen appliances — Upgrading the appliances will make the kitchen more appealing to potential buyers. ↑

ⓘ 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