153 Cedar Grove Loop · Copperas Cove, TX 76522

$125,000

5 bd · 3.0 ba · 2,016 sqft · Manufactured · 48 Days on market

Manufactured home Built 2024 Good condition $62/sqft · 27% below area Est $171k · 27% under ↓ 4% since listing

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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 +26.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +6.9/10.0
• Condition / age +4.0/5.0
• Schools +3.7/10.0
• Livability +3.2/5.0
• Appreciation +2.5/10.0
• Rent growth +2.4/5.0
• Manufactured-home adj. -5.8

Listing remarks

5-bedroom, 3-bathroom manufactured home at 153 Cedar Grove Loop, Copperas Cove, TX just minutes from Fort Hood and Killeen. Built in 2024, the residence features high-end finishes and an expansive open floor plan. Outdoor Living: Includes two large decks (front and back) and two concrete slabs, ideal for grilling, patio furniture, or bonfires. Modern Security: Comes equipped with a full home security system. Community Amenities: Active Lifestyle: Access to basketball courts, a commercial playground, and a fitness center. Swimming & Relaxation: Features a 25-meter junior Olympic swimming pool with racing lanes, a standard pool, and a children’s pool.

Key facts

• Fishing dock
• Modern security
• Community amenities

Tags

• OUTDOOR LIVING
• MODERN SECURITY
• COMMUNITY AMENITIES
• SWIMMING AND RELAXATION
• TWO ACRE LAKE
• FISHING DOCK

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath manufactured listed at $125k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $310 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.3% vs local median 3.7% in Copperas Cove — 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 65/100 on livability (#706 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D+, amenities F, commute F.
• Copperas Cove ISD (suburban): math 41% / reading 42% proficiency, ranked #340 of 826 in TX (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: J L Williams/Lovett Ledger El (math 35% / reading 38%, grade F, #1,883 of 4,322 statewide, top 44%, 686 students, 68% FRL); S C Lee J H (math 39% / reading 40%, grade F, #660 of 1,662 statewide, top 41%, 934 students, 58% FRL); Copperas Cove H S (math 29% / reading 42%, grade F, #941 of 1,632 statewide, top 58%, 2,277 students, 52% FRL) — zoned schools average 59% FRL vs 41% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-0.2%/yr); 965 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 386 units permitted in Coryell County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.

Recommended offer $121,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.19% ✓
• Cap rate: 9.27%
• Cash-on-cash: 10.64%
• DSCR: 1.47
• GRM: 7.0

CMA / ARV

• ARV (median comp): $171,233
• List price: $125,000
• Delta: -27.00%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2102 Joseph Dr	0.61mi	5/2.0	2,025 (+0%)	0mo	$290,000	$143	66
2403 Lindsey Dr	0.39mi	4/2.0 (-1)	1,888 (-6%)	0mo	$274,500	$145	62
2004 Vernice Dr	0.41mi	4/2.0 (-1)	1,900 (-6%)	2mo	$265,000	$139	60
2105 Lindsey Dr	0.29mi	4/2.5 (-1)	2,464 (+22%)	0mo	$290,000	$118	54
2414 Joseph Dr	0.80mi	4/2.0 (-1)	2,007 (-0%)	1mo	$178,000	$89	54
2018 Mandarin Ct	1.41mi	4/2.5 (-1)	2,076 (+3%)	0mo	$317,920	$153	53
2026 Mandarin Ct	1.39mi	5/3.0	2,346 (+16%)	0mo	$337,968	$144	40
803 Kielman Dr	1.28mi	4/2.5 (-1)	2,250 (+12%)	2mo	$216,000	$96	37
105 Northern Dove Ln	0.65mi	4/2.0 (-1)	1,740 (-14%)	2mo	$274,999	$158	36
1770 Dryden Ave	0.88mi	4/2.0 (-1)	1,680 (-17%)	0mo	$238,000	$142	31
2907 Creekside Hills Blvd	1.49mi	4/2.0 (-1)	1,612 (-20%)	1mo	$281,855	$175	30
306 Skyline Dr	1.33mi	4/2.0 (-1)	2,440 (+21%)	2mo	$605,000	$248	30

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -3.8%
• Equity multiple: 0.86×
• Total profit: $-4,825
• Equity at exit: $18,638

10-year hold

• IRR: 2.1%
• Equity multiple: 1.13×
• Total profit: $4,506
• Equity at exit: $10,808

Cash invested: $35,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 76522

• Home prices YoY: -22.4%
• Rents YoY: -0.2%
• Active inventory: 965
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,486 high
• Mortgage (P&I): −$656
• Tax est. 1.5%: −$156 /mo · $1,875/yr
• Insurance: −$52
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$312
• Net cashflow: $310

Break-even live

Break-even rent $1,093

Max offer price $125,000

Occupancy floor 74%

Sensitivity live

Price	-10% $397	-5% $354	+0% $310	+5% $267	+10% $224
Rent	-10% $193	-5% $252	+0% $310	+5% $369	+10% $428
Rate	-1.0pp $373	-0.5pp $342	base $310	+0.5pp $278	+1.0pp $245

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: $31,250
• Closing costs: $3,750
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2109 Lindsey Dr Copperas Cove, TX	4.0	2.5	2470	$1,950	$0.79	2d	1	0.32mi
1018 Lexington Dr Copperas Cove, TX	4.0	2.5	1854	$1,950	$1.05	10d	1	0.42mi
877 Ross Rd Copperas Cove, TX	4.0	2.5	2528	$1,995	$0.79	36d	1	0.43mi
2002 Isabelle Dr Copperas Cove, TX	4.0	2.5	2165	$2,000	$0.92	49d	1	0.43mi
2002 Isabelle Dr Copperas Cove, TX	4.0	2.0	2165	$2,000	$0.92	10d	1	0.43mi
2110 Terry Dr Copperas Cove, TX	4.0	2.5	2556	$2,095	$0.82	10d	1	0.45mi
1051 Lexington Dr Copperas Cove, TX	4.0	3.0	1872	$1,975	$1.06	2d	1	0.47mi
2303 Scott Dr Copperas Cove, TX	4.0	2.5	2618	$2,150	$0.82	10d	1	0.52mi
1237 Briscoe Ct Copperas Cove, TX	4.0	2.5	1788	$1,750	$0.98	164d	1	0.55mi
2107 Gail Dr Copperas Cove, TX	4.0	2.0	1760	$1,675	$0.95	164d	1	0.56mi
2207 Gail Dr Copperas Cove, TX	4.0	2.0	1718	$1,845	$1.07	1d	1	0.60mi
1201 Lindsey Dr Copperas Cove, TX	4.0	2.0	2070	$2,195	$1.06	51d	1	0.62mi
2408 Ryan Dr Copperas Cove, TX	4.0	2.0	1970	$1,800	$0.91	10d	1	0.64mi
2416 Isabelle Dr Copperas Cove, TX	4.0	2.0	1830	$1,795	$0.98	21d	1	0.71mi
2415 Isabelle Dr Copperas Cove, TX	4.0	2.0	1800	$1,800	$1.00	38d	1	0.73mi
1806 Bryce Ct Copperas Cove, TX	4.0	2.0	1762	$1,700	$0.96	164d	1	0.78mi
2905 Markos Dr Copperas Cove, TX	4.0	2.0	1530	$1,650	$1.08	184d	1	0.82mi
805 Courtney Ln Copperas Cove, TX	4.0	2.0	1624	$1,350	$0.83	2d	1	0.83mi
306 Sumac Trl Copperas Cove, TX	4.0	2.0	1527	$1,580	$1.03	10d	1	0.90mi
2543 Pintail Loop Copperas Cove, TX	4.0	3.0	2206	$2,100	$0.95	41d	1	0.91mi
2543 Pintail Loop Copperas Cove, TX	4.0	3.0	2206	$2,100	$0.95	1d	1	0.91mi
1460 Dryden Ave Copperas Cove, TX	4.0	2.0	1711	$1,750	$1.02	44d	1	0.94mi
2326 Wigeon Way Copperas Cove, TX	4.0	2.0	1612	$3,300	$2.05	32d	1	0.95mi
2343 Pintail Loop Copperas Cove, TX	4.0	2.0	2165	$1,950	$0.90	2d	1	1.00mi
2218 Wigeon Way Copperas Cove, TX	5.0	3.0	2510	$2,195	$0.87	24d	1	1.03mi
2564 Merganser Dr Copperas Cove, TX	4.0	2.0	1669	$1,850	$1.11	0d	1	1.14mi
2569 Merganser Dr Copperas Cove, TX	4.0	2.0	2032	$2,200	$1.08	184d	1	1.16mi
2032 Mallard Ct Copperas Cove, TX	4.0	3.0	1979	$1,895	$0.96	154d	1	1.18mi
2024 Wigeon Way Copperas Cove, TX	4.0	2.0	1803	$1,775	$0.98	9d	1	1.22mi
2009 Bee Creek Loop Copperas Cove, TX	4.0	3.0	1978	$1,895	$0.96	21d	1	1.32mi
807 N 5th St Copperas Cove, TX	4.0	2.0	1712	$1,700	$0.99	10d	1	1.39mi
800 N 5th St Copperas Cove, TX	4.0	2.0	1702	$1,899	$1.12	11d	1	1.43mi
800 N 5th St Copperas Cove, TX	4.0	2.0	1702	$1,799	$1.06	2d	1	1.43mi

Property features AI

Finance

• HOA & community: Association: Westwind Enterprises

Exterior

• Utilities: Has heating and cooling
• Home design: Residential propertyBuilt in 2024
• Construction: Shingle and wood roofConstruction materials listed as unknown
• Exterior features: Lot with other/unspecified lot featuresCommunity pool

Interior

• Kitchen: Electric ovenFree-standing range
• Bedrooms: Five bedrooms on the first floor (including a primary bedroom)
• Bathrooms: Three full bathrooms
• Heating & cooling: Central heating (electric)Central air (electric)
• Interior features: Seller disclosure available
• Laundry & utility: Electric dryer hookup

Listing history 11 events

1. 2026-06-10
   days on market $125,000 Active 48 DOM
2. 2026-06-09
   days on market $125,000 Active 47 DOM
3. 2026-06-08
   days on market $125,000 Active 46 DOM
4. 2026-06-07
   days on market $125,000 Active 45 DOM
5. 2026-06-05
   days on market $125,000 Active 42 DOM
6. 2026-06-03
   days on market $125,000 Active 41 DOM
7. 2026-06-02
   days on market $125,000 Active 40 DOM
8. 2026-06-01
   days on market $125,000 Active 39 DOM
9. 2026-05-31
   pricedays on market $125,000 Active 38 DOM
10. 2026-05-30
    days on market $130,000 Active 37 DOM
11. 2026-04-23
    listed $130,000 Active 899-char remark

ⓘ 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: $17,835
• − Mortgage interest: −$7,002
• − Property taxes: −$1,875
• − Insurance: −$625
• − Repairs & maintenance: −$1,427
• − Management: −$1,427
• − Depreciation: −$3,636
• Taxable income: $1,843
• Est. tax owed @ 24.0%: −$442
• After-tax cash flow: $3,281/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 · 11 photos

Good 80/100 None rehab

This 2024 manufactured home is in excellent condition with modern finishes and ample space. It's move-in ready with minor maintenance items to address.

Value-add opportunities

• Resale Paint exterior trim — Enhances curb appeal and value ↑
• Rental Clean gutters — Keeps property in good condition and reduces maintenance costs ↑

F Composite school gradezoned avg 37/100

Zoned Schools

Elementary J L Williams/lovett Ledger El F TX #1,883/4,322 Nat'l #22,441/41,679 Middle S C Lee J H F TX #660/1,662 Nat'l #6,151/14,009 High Copperas Cove H S F TX #941/1,632 Nat'l #9,497/17,239

Schools (NCES district)

• District: Copperas Cove ISD
• NCES district ID: 4815240
• Math proficiency: 41% ▼ -6.00%
• Reading proficiency: 42% ▼ -2.00%
• Median HH income: $51,072
• Composite: 35.85/100
• National rank: #4822
• State rank: #340 of 826 in TX

C Composite livability gradescore 65/100

Livability — Copperas Cove

• Score: 65/100
• State rank: #706
• US rank: #13158

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Copperas Cove, TX
• County: Coryell County · 75,485 people
• City population: 42,118
• Metro: Killeen-Temple, TX
• Population (ZIP): 42,118
• Household income: $72,206
• Rent vs Own: 37.9% rent · 62.1% own
• Severe rent burden: 9% of renters

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Population outlook (Coryell County) Hauer SSP2

• Today (2025): 75,485 people
• By 2030: 75,627 · +0.2%
• By 2040: 74,898 · -0.8%
• By 2050: 74,221 · -1.7%
• By 2075: 72,688 · -3.7%
• By 2100: 66,862 · -11.4%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: White 53% Hispanic / Latino 21% Two or more races 20% Black 14% Asian 2%
• Hispanic origin (detail): Mexican 11% Puerto Rican 6%
• Languages at home: 85% English-only · Spanish 10% German/W. Germanic 2% Other Asian/Pacific 1%

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Political lean MEDSL · Coryell

• 2024 margin: Solid R (+40.7) · D 29.1% · R 69.8% · Other 1.1%
• 2008→2024 swing: -13.8pp toward R · 2008: -26.9pp · 2024: -40.7pp
• All cycles: 2024: R+40.7 2020: R+33.5 2016: R+39.5 2012: R+36.6 2008: R+26.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -53.11%
• Current HPI: 183.9452
• Rent YoY: ▼ -0.25%
• Metro: Killeen-Temple, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Property features AI

Finance

• HOA & community: Association: Westwind Enterprises

Exterior

• Utilities: Has heating and cooling
• Home design: Residential propertyBuilt in 2024
• Construction: Shingle and wood roofConstruction materials listed as unknown
• Exterior features: Lot with other/unspecified lot featuresCommunity pool

Interior

• Kitchen: Electric ovenFree-standing range
• Bedrooms: Five bedrooms on the first floor (including a primary bedroom)
• Bathrooms: Three full bathrooms
• Heating & cooling: Central heating (electric)Central air (electric)
• Interior features: Seller disclosure available
• Laundry & utility: Electric dryer hookup

Price history

-3.8% since first listed

3 events — show timeline

• 2026-06-12 Listing Removed — HARMLS
• 2026-05-31 Price Changed $125,000 HARMLS
• 2026-04-23 Listed $130,000 HARMLS