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1856 Goldmine Rd
B- Composite 68.44
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 +8.1/10.0
  • ARV discount +7.5/15.0
  • Schools +3.7/10.0
  • Livability +3.4/5.0
  • Rent growth +3.3/5.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$160,000

1856 Goldmine Rd · Dawsonville, GA 30534
3 bd · 2.0 ba · 1,782 sqft · Manufactured public records · 4 Days on market
Built 2000 2.62 ac lot

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Opportunity awaits with this spacious manufactured home situated on over 2.5 peaceful acres in Dawsonville. Tucked away among mature trees, this property offers the perfect setting for those looking to renovate, invest, or create their own North Georgia retreat. The home is being sold AS-IS and offers great potential with a functioning layout, ample living space, and room to make it your own. You'll love the quiet country feel while still being conveniently located to shopping, dining, schools, and GA-400 access. Whether you're searching for a fixer-upper, rental opportunity, or a place to build equity, this property is full of possibilities. Bring your vision and unlock the potential this property has for you.

Key facts

  • 2.62 acre lot
  • Built 2000
  • Listed 4 days

Property features AI

Exterior

  • Parking: Driveway; Open parking available
  • Utilities: Well water; Septic tank; Electric service with 110V and 220V; Electricity available; Phone service available
  • Home design: Double wide mobile home; One level; Resale property; Pillar/post/pier foundation
  • Construction: Other construction materials; Other roof type
  • Exterior features: Deck; Other exterior features

Interior

  • Kitchen: Breakfast bar; Stained cabinets; Eat-in kitchen; Laminate counters; Dishwasher; Electric oven and electric range
  • Bedrooms: Three main-level bedrooms; Master bedroom on the main level
  • Flooring: Carpet; Laminate; Vinyl
  • Bathrooms: Two full bathrooms; Master bathroom with soaking tub; Two main-level bathrooms
  • Heating & cooling: Central heating; Central air conditioning
  • Interior features: No common walls; Other interior features; Great room and open concept dining area; Rooms include bathroom, bedroom, family room, kitchen, laundry, living room, master bathroom, and master bedroom
  • Laundry & utility: Main-level laundry room; Electric water heater

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath manufactured listed at $160k.

Deal economics

  • At list price, monthly cash flow is $681 ($8k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $160k).
  • Cap rate 11.4% vs local median 3.0% in Dawsonville — 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 68/100 on livability (#155 in GA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety D-.
  • Dawson County (rural): math 40% / reading 44% proficiency, ranked #30 of 174 in GA (top 17%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Zoned schools: Robinson Elementary School (math 44% / reading 43%, grade F, #364 of 1,228 statewide, top 30%, 630 students, 46% FRL); Dawson County Middle School (math 47% / reading 48%, grade C-, #84 of 470 statewide, top 19%, 555 students, 46% FRL); Dawson County High School (math 5% / reading 33%, grade F, #250 of 424 statewide, top 60%, 773 students, 32% FRL) — zoned schools at 42% FRL track the district average.
  • Market conditions: Rents rising (+3.0%/yr); 581 active listings in the ZIP; solid renter incomes; 887 units permitted in Dawson County in 2024 (0 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 $5k of value loss. Plan a longer hold.
  • Dawson County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
  • At projected returns (-3.0% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

  • Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
  • 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 $160,000

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 D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  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
1.31%
Cap rate
11.40%
Cash-on-cash
18.25%
DSCR
1.81
GRM
6.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.03% rent growth · sell at horizon

5-year hold
IRR
9.9%
Equity multiple
1.39×
Total profit
$17,483
Equity at exit
$23,857
10-year hold
IRR
19.0%
Equity multiple
2.59×
Total profit
$71,167
Equity at exit
$13,834

Cash invested: $44,800 (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.

ZIP-level market 30534

Home prices YoY
-23.0%
Rents YoY
3.0%
Active inventory
581
Price-to-rent
6.4×

Monthly cashflow live

Estimated rent
$2,098 medium interval (Pro) →
Mortgage (P&I)
$839
Tax from tax record
$70 /mo · $841/yr
Insurance
$67
HOA
$0
Vacancy / Maint / Mgmt
$441
Net cashflow
$681

Break-even live

Break-even rent $1,235
Max offer price $160,000
Occupancy floor 63%

Sensitivity live

Price -10% $772 -5% $727 +0% $681 +5% $636 +10% $591
Rent -10% $516 -5% $598 +0% $681 +5% $764 +10% $847
Rate -1.0pp $762 -0.5pp $722 base $681 +0.5pp $640 +1.0pp $598

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
$40,000
Closing costs
$4,800
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Listing history 6 events

  1. 2026-05-12
    status Under Contract 724-char remark
    Show marketing remark (724 chars)

    Opportunity awaits with this spacious manufactured home situated on over 2.5 peaceful acres in Dawsonville. Tucked away among mature trees, this property offers the perfect setting for those looking to renovate, invest, or create their own North Georgia retreat. The home is being sold AS-IS and offers great potential with a functioning layout, ample living space, and room to make it your own. You'll love the quiet country feel while still being conveniently located to shopping, dining, schools, and GA-400 access. Whether you're searching for a fixer-upper, rental opportunity, or a place to build equity, this property is full of possibilities. Bring your vision and unlock the potential this property has for you.

  2. 2026-05-12
    status Pending
    Show marketing remark (724 chars)

    Opportunity awaits with this spacious manufactured home situated on over 2.5 peaceful acres in Dawsonville. Tucked away among mature trees, this property offers the perfect setting for those looking to renovate, invest, or create their own North Georgia retreat. The home is being sold AS-IS and offers great potential with a functioning layout, ample living space, and room to make it your own. You'll love the quiet country feel while still being conveniently located to shopping, dining, schools, and GA-400 access. Whether you're searching for a fixer-upper, rental opportunity, or a place to build equity, this property is full of possibilities. Bring your vision and unlock the potential this property has for you.

  3. 2026-05-08
    listed $160,000 Active
    Show marketing remark (724 chars)

    Opportunity awaits with this spacious manufactured home situated on over 2.5 peaceful acres in Dawsonville. Tucked away among mature trees, this property offers the perfect setting for those looking to renovate, invest, or create their own North Georgia retreat. The home is being sold AS-IS and offers great potential with a functioning layout, ample living space, and room to make it your own. You'll love the quiet country feel while still being conveniently located to shopping, dining, schools, and GA-400 access. Whether you're searching for a fixer-upper, rental opportunity, or a place to build equity, this property is full of possibilities. Bring your vision and unlock the potential this property has for you.

  4. 2026-05-08
    listed $160,000 New 724-char remark
    Show marketing remark (724 chars)

    Opportunity awaits with this spacious manufactured home situated on over 2.5 peaceful acres in Dawsonville. Tucked away among mature trees, this property offers the perfect setting for those looking to renovate, invest, or create their own North Georgia retreat. The home is being sold AS-IS and offers great potential with a functioning layout, ample living space, and room to make it your own. You'll love the quiet country feel while still being conveniently located to shopping, dining, schools, and GA-400 access. Whether you're searching for a fixer-upper, rental opportunity, or a place to build equity, this property is full of possibilities. Bring your vision and unlock the potential this property has for you.

  5. 2026-05-08
    historical $160,000 724-char remark
    Show marketing remark (724 chars)

    Opportunity awaits with this spacious manufactured home situated on over 2.5 peaceful acres in Dawsonville. Tucked away among mature trees, this property offers the perfect setting for those looking to renovate, invest, or create their own North Georgia retreat. The home is being sold AS-IS and offers great potential with a functioning layout, ample living space, and room to make it your own. You'll love the quiet country feel while still being conveniently located to shopping, dining, schools, and GA-400 access. Whether you're searching for a fixer-upper, rental opportunity, or a place to build equity, this property is full of possibilities. Bring your vision and unlock the potential this property has for you.

  6. 2026-05-08
    historical $160,000
    Show marketing remark (724 chars)

    Opportunity awaits with this spacious manufactured home situated on over 2.5 peaceful acres in Dawsonville. Tucked away among mature trees, this property offers the perfect setting for those looking to renovate, invest, or create their own North Georgia retreat. The home is being sold AS-IS and offers great potential with a functioning layout, ample living space, and room to make it your own. You'll love the quiet country feel while still being conveniently located to shopping, dining, schools, and GA-400 access. Whether you're searching for a fixer-upper, rental opportunity, or a place to build equity, this property is full of possibilities. Bring your vision and unlock the potential this property has for you.

ⓘ 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
$841 · $70/mo
Projected year-2 tax
$1,472 · $123/mo
Expected delta
+$631/yr (+$53/mo · 75.0%)

ⓘ 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 4/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low 4% chance of damaging wind over 30 yrs
  • 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$25,172
− Mortgage interest
−$8,962
− Property taxes
−$841
− Insurance
−$800
− Repairs & maintenance
−$2,014
− Management
−$2,014
− Depreciation
−$4,655
Taxable income
$5,886
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,413
After-tax cash flow
$6,763/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
Dawson County
NCES district ID
1301650
Math proficiency
40% ▼ -10.00%
Reading proficiency
44% ▼ -5.00%
Median HH income
$55,562
Composite
36.68/100
National rank
#4604
State rank
#30 of 174 in GA

Livability — Dawsonville

Score
68/100
State rank
#155
US rank
#9928

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Dawson County · 34,365 people
City population
34,365
Metro
Atlanta-Sandy Springs-Alpharetta, GA
Population (ZIP)
34,365
Household income
$95,341
Rent vs Own
21.8% rent · 78.2% own
Severe rent burden
390.0

Population outlook (Dawson County) Hauer SSP2

Today (2025)
25,423 people
By 2030
26,299 · +3.4%
By 2040
27,482 · +8.1%
By 2050
27,937 · +9.9%
By 2075
28,056 · +10.4%
By 2100
26,102 · +2.7%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (87%)
Race & ethnicity
White 87% Hispanic / Latino 7% Two or more races 7% Black 2%
Hispanic origin (detail)
Mexican 4%
Common ancestry
Slovak 2% Serbian 2% Iranian 1%
Foreign-born
6% · Canada, Jamaica
Languages at home
92% English-only · Spanish 6% Arabic 1% Tagalog/Filipino 1%

Political lean MEDSL · Dawson

2024 margin
Solid R (+65.2) · D 17.1% · R 82.4%
2008→2024 swing
+1.0pp toward D · 2008: -66.3pp · 2024: -65.2pp
All cycles
2024: R+65.2 2020: R+67.9 2016: R+72.2 2012: R+74.3 2008: R+66.3

Not yet ingested

Civics

Market trends

HPI YoY
▼ -86.36%
Current HPI
289.1765
Rent YoY
▲ 3.03%
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

Price history

+0.0% since first listed
6 events — show timeline
  • 2026-05-12 Pending GAMLS
  • 2026-05-12 Pending FMLS
  • 2026-05-08 Listed $160,000 FMLS
  • 2026-05-08 Listed $160,000 GAMLS
  • 2026-05-08 Coming Soon $160,000 GAMLS
  • 2026-05-08 Coming Soon $160,000 FMLS

Property tax history

+0.7%/yr

Latest (2025): $841 · -0.2% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…