215 Hillside Dr · Wylie, TX 75098

$199,900

3 bd · 2.0 ba · 1,120 sqft · Land public records · 90 Days on market

Built 2001 0.41 ac lot ↓ 13% since listing

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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 +23.2/30.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• 1% rule +5.9/10.0
• Schools +5.7/10.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the sought-after Wylie, Texas, nestled on a serene and quiet street, this 3-bedroom, 2-bath manufactured home sits on a permanent foundation and offers a comfortable and modern living experience. This recently renovated home includes a newly updated kitchen, flooring, bathrooms, interior and exterior paint, gravel driveway, new AC unit all on a spacious lot with plenty of trees. Both bathrooms have been thoughtfully renovated, showcasing contemporary vanities, stylish tile work and double sinks in the master. The exterior of this home includes newly replaced and painted wood siding, updated front and back covered decks, over looking a large .410 acre lot, creating a warm and welcoming atmosphere.

Key facts

• Added privacy
• Manufactured home
• Split-bedroom design

Tags

• MANUFACTURED HOME
• LAND OWNERSHIP
• FUNCTIONAL LAYOUT
• SPLIT-BEDROOM DESIGN
• ADDED PRIVACY
• CONVENIENTLY LOCATED

Property features AI

Finance

• Other: Parcel number R075600004001; Property listed as Residential — Mobile Home; Possession at closing/funding or other
• Financial info: Listing accepts Cash, Conventional, FHA, and VA financing; No second mortgage
• HOA & community: No association

Exterior

• Parking: Gravel parking
• Utilities: Aerobic septic; City water; Electricity connected; Not in a municipal utility district
• Home design: Mobile home; Single-story (one level); Residential property; Not attached
• Construction: Built in 2001
• Exterior features: Lot under 0.5 acre (approximately 0.41 acre); Subdivision: Hillside Bay; GPS friendly directions

Interior

• Kitchen: Electric oven; Electric range
• Bedrooms: 3 bedrooms (primary bedroom on main level)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air
• Interior features: High speed internet available; One living area; One dining area; Two total bathrooms; Two full bathrooms
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath land listed at $200k.

Deal economics

• At list price, monthly cash flow is $363 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $188k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 4.0% in Wylie — 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 69/100 on livability (#419 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Wylie ISD (suburban): math 64% / reading 63% proficiency, ranked #28 of 826 in TX (top 3%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Wally Watkins El (math 69% / reading 66%, grade B+, #189 of 4,322 statewide, top 5%, 904 students, 22% FRL) — zoned schools at 22% FRL track the district average.
• Market conditions: Rents soft (-1.4%/yr); 700 active listings in the ZIP; high-income renter base; 19,194 units permitted in Collin County in 2024 (3,988 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 $6k of value loss. Plan a longer hold.
• Collin County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 90 days — a 6% lower offer ($188k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y ago; this cycle's ask has dropped $21k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $187,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 90 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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 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: 1.09% ✓
• Cap rate: 8.47%
• Cash-on-cash: 7.78%
• DSCR: 1.35
• GRM: 7.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -7.8%
• Equity multiple: 0.72×
• Total profit: $-15,657
• Equity at exit: $29,806

10-year hold

• IRR: -2.6%
• Equity multiple: 0.85×
• Total profit: $-8,525
• Equity at exit: $17,284

Cash invested: $55,972 (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 75098

• Home prices YoY: -24.5%
• Rents YoY: -1.4%
• Active inventory: 700
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,185 medium
• Mortgage (P&I): −$1,048
• Tax from tax record: −$232 /mo · $2,779/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$459
• Net cashflow: $363

Break-even live

Break-even rent $1,726

Max offer price $199,900

Occupancy floor 78%

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-18
   days on market $199,900 Active 90 DOM
2. 2026-06-17
   days on market $199,900 Active 89 DOM
3. 2026-06-16
   days on market $199,900 Active 88 DOM
4. 2026-06-15
   days on market $199,900 Active 87 DOM
5. 2026-06-13
   days on market $199,900 Active 85 DOM
6. 2026-06-13
   days on market $199,900 Active 84 DOM
7. 2026-06-09
   days on market $199,900 Active 81 DOM
8. 2026-06-08
   days on market $199,900 Active 80 DOM
9. 2026-06-07
   days on market $199,900 Active 79 DOM
10. 2026-06-04
    days on market $199,900 Active 76 DOM
11. 2026-06-03
    days on market $199,900 Active 75 DOM
12. 2026-06-02
    days on market $199,900 Active 74 DOM
13. 2026-06-01
    days on market $199,900 Active 73 DOM
14. 2026-05-31
    days on market $199,900 Active 72 DOM
15. 2026-05-05
    price $199,900
16. 2026-03-31
    price $210,000
17. 2026-03-20
    listed $221,000 Active
18. 2023-08-30
    soldstatus
19. 2023-08-25
    soldstatus Closed 716-char remark

    Show marketing remark (716 chars)

    Located in the sought-after Wylie, Texas, nestled on a serene and quiet street, this 3-bedroom, 2-bath manufactured home sits on a permanent foundation and offers a comfortable and modern living experience. This recently renovated home includes a newly updated kitchen, flooring, bathrooms, interior and exterior paint, gravel driveway, new AC unit all on a spacious lot with plenty of trees. Both bathrooms have been thoughtfully renovated, showcasing contemporary vanities, stylish tile work and double sinks in the master. The exterior of this home includes newly replaced and painted wood siding, updated front and back covered decks, over looking a large .410 acre lot, creating a warm and welcoming atmosphere.

20. 2023-07-17
    status Pending 716-char remark

    Show marketing remark (716 chars)

    Located in the sought-after Wylie, Texas, nestled on a serene and quiet street, this 3-bedroom, 2-bath manufactured home sits on a permanent foundation and offers a comfortable and modern living experience. This recently renovated home includes a newly updated kitchen, flooring, bathrooms, interior and exterior paint, gravel driveway, new AC unit all on a spacious lot with plenty of trees. Both bathrooms have been thoughtfully renovated, showcasing contemporary vanities, stylish tile work and double sinks in the master. The exterior of this home includes newly replaced and painted wood siding, updated front and back covered decks, over looking a large .410 acre lot, creating a warm and welcoming atmosphere.

21. 2023-07-06
    historical Active Option Contract 716-char remark

    Show marketing remark (716 chars)

    Located in the sought-after Wylie, Texas, nestled on a serene and quiet street, this 3-bedroom, 2-bath manufactured home sits on a permanent foundation and offers a comfortable and modern living experience. This recently renovated home includes a newly updated kitchen, flooring, bathrooms, interior and exterior paint, gravel driveway, new AC unit all on a spacious lot with plenty of trees. Both bathrooms have been thoughtfully renovated, showcasing contemporary vanities, stylish tile work and double sinks in the master. The exterior of this home includes newly replaced and painted wood siding, updated front and back covered decks, over looking a large .410 acre lot, creating a warm and welcoming atmosphere.

22. 2023-06-28
    listed $230,000 Active 716-char remark

    Show marketing remark (716 chars)

    Located in the sought-after Wylie, Texas, nestled on a serene and quiet street, this 3-bedroom, 2-bath manufactured home sits on a permanent foundation and offers a comfortable and modern living experience. This recently renovated home includes a newly updated kitchen, flooring, bathrooms, interior and exterior paint, gravel driveway, new AC unit all on a spacious lot with plenty of trees. Both bathrooms have been thoughtfully renovated, showcasing contemporary vanities, stylish tile work and double sinks in the master. The exterior of this home includes newly replaced and painted wood siding, updated front and back covered decks, over looking a large .410 acre lot, creating a warm and welcoming atmosphere.

23. 2023-03-17
    soldstatus
24. 2022-08-02
    soldstatus
25. 2001-09-11
    soldstatus
26. 2001-09-11
    soldstatus

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

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $2,779 · $232/mo
• Projected year-2 tax: $3,658 · $305/mo
• Expected delta: +$879/yr (+$73/mo · 31.6%)

ⓘ 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 7/10 Severe 7 d/yr ≥111°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,220
• − Mortgage interest: −$11,198
• − Property taxes: −$2,779
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,098
• − Management: −$2,098
• − Depreciation: −$5,815
• Taxable income: $1,233
• Est. tax owed @ 24.0%: −$296
• After-tax cash flow: $4,060/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: Wylie ISD
• NCES district ID: 4846530
• Math proficiency: 64% ▼ -9.00%
• Reading proficiency: 63% ▼ -3.00%
• Median HH income: $84,145
• Composite: 57.25/100
• National rank: #1091
• State rank: #28 of 826 in TX

Livability — Wylie

• Score: 69/100
• State rank: #419
• US rank: #8623

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Collin County · 1,159,394 people
• City population: 69,325
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 69,325
• Household income: $122,089
• Rent vs Own: 20.1% rent · 79.9% own
• Severe rent burden: 996.0

Population outlook (Collin County) Hauer SSP2

• Today (2025): 1,210,074 people
• By 2030: 1,358,201 · +12.2%
• By 2040: 1,654,061 · +36.7%
• By 2050: 1,937,359 · +60.1%
• By 2075: 2,567,039 · +112.1%
• By 2100: 2,952,048 · +144.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 51% Hispanic / Latino 19% Two or more races 15% Black 13% Asian 11%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Slovak 2% Lithuanian 2% Serbian 2%
• Foreign-born: 21% · Canada, Vietnam, China
• Languages at home: 70% English-only · Spanish 14% Other Indo-European 4% Vietnamese 2%

Political lean MEDSL · Collin

• 2024 margin: R (+11.1) · D 43.1% · R 54.3% · Other 2.6%
• 2008→2024 swing: +14.4pp toward D · 2008: -25.6pp · 2024: -11.1pp
• All cycles: 2024: R+11.1 2020: R+4.3 2016: R+17.0 2012: R+31.6 2008: R+25.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -84.91%
• Current HPI: 261.9973
• Rent YoY: ▼ -1.39%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

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

Price history

-13.1% since first listed

12 events — show timeline

• 2026-05-05 Price Changed $199,900 NTREIS
• 2026-03-31 Price Changed $210,000 NTREIS
• 2026-03-20 Listed $221,000 NTREIS
• 2023-08-30 Sold (Public Records) — Public Records
• 2023-08-25 Sold (MLS) — NTREIS
• 2023-07-17 Pending — NTREIS
• 2023-07-06 Contingent — NTREIS
• 2023-06-28 Listed $230,000 NTREIS
• 2023-03-17 Sold (Public Records) — Public Records
• 2022-08-02 Sold (Public Records) — Public Records
• 2001-09-11 Sold (Public Records) — Public Records
• 2001-09-11 Sold (Public Records) — Public Records

Property tax history

+4.3%/yr

Latest (2025): $2,779 · -6.8% YoY. Source: county tax records.