1503 Eilenstein St · Palestine, TX 75801

$63,900

3 bd · 1.0 ba · 1,796 sqft · Manufactured public records · 259 Days on market

Built 1972 6,316 sqft lot

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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 +7.5/15.0
• Livability +3.3/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

Key facts

• 6,316 sq ft lot
• Built 1972
• Listed 258 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath manufactured listed at $64k.

Deal economics

• At list price, monthly cash flow is $821 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $64k).
• Recommended offer: $56k (12.0% below list) — sets the bar for market timing.
• Cap rate 21.7% vs local median 3.9% in Palestine — 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 66/100 on livability (#657 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, schools D, employment D.
• Palestine ISD (town): math 36% / reading 37% proficiency, ranked #509 of 826 in TX (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 196 active listings in the ZIP; 29 units permitted in Anderson County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($57k/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 $442 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Anderson County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 259 days — a 12% lower offer ($56k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y ago 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.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 74% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $56,232 (12.0% below list)

Questions for the listing agent

1. It's been on market 259 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 2.39% ✓
• Cap rate: 21.70%
• Cash-on-cash: 55.03%
• DSCR: 3.45
• GRM: 3.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 53.3%
• Equity multiple: 3.34×
• Total profit: $41,893
• Equity at exit: $9,528

10-year hold

• IRR: 58.5%
• Equity multiple: 6.80×
• Total profit: $103,722
• Equity at exit: $5,525

Cash invested: $17,892 (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 75801

• Home prices YoY: -35.0%
• Active inventory: 196
• Price-to-rent: 3.5×

Monthly cashflow live

• Estimated rent: $1,524 medium
• Mortgage (P&I): −$335
• Tax from tax record: −$22 /mo · $264/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $821

Break-even live

Break-even rent $486

Max offer price $63,900

Occupancy floor 41%

Sensitivity live

Price	-10% $857	-5% $839	+0% $821	+5% $802	+10% $784
Rent	-10% $700	-5% $760	+0% $821	+5% $881	+10% $941
Rate	-1.0pp $853	-0.5pp $837	base $821	+0.5pp $804	+1.0pp $787

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: $15,975
• Closing costs: $1,917
• Reserves months: —
• Total cash needed: —

Listing history 45 events

1. 2026-06-19
   days on market $63,900 Active 259 DOM
2. 2026-06-18
   days on market $63,900 Active 258 DOM
3. 2026-06-17
   days on market $63,900 Active 257 DOM
4. 2026-06-16
   days on market $63,900 Active 256 DOM
5. 2026-06-15
   days on market $63,900 Active 255 DOM
6. 2026-06-14
   days on market $63,900 Active 253 DOM
7. 2026-06-12
   days on market $63,900 Active 252 DOM
8. 2026-06-09
   days on market $63,900 Active 249 DOM
9. 2026-06-08
   days on market $63,900 Active 248 DOM
10. 2026-06-07
    days on market $63,900 Active 247 DOM
11. 2026-06-04
    days on market $63,900 Active 243 DOM
12. 2026-06-02
    days on market $63,900 Active 242 DOM
13. 2026-06-01
    days on market $63,900 Active 241 DOM
14. 2026-05-31
    days on market $63,900 Active 240 DOM
15. 2026-05-31
    days on market $63,900 Active 239 DOM
16. 2026-05-16
    price $59,900 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

17. 2026-05-07
    price $64,100 538-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

18. 2026-05-07
    price $64,100 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

19. 2026-04-24
    price $64,200 538-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

20. 2026-04-24
    price $64,200 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

21. 2026-04-10
    price $64,300 538-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

22. 2026-04-10
    price $64,300 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

23. 2026-04-03
    price $64,400 538-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

24. 2026-04-03
    price $64,400 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

25. 2026-03-26
    price $64,500 538-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

26. 2026-03-26
    price $64,500 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

27. 2026-03-06
    price $64,600 538-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

28. 2026-03-06
    price $64,600 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

29. 2026-02-21
    price $64,700 538-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

30. 2026-02-21
    price $64,700 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

31. 2026-01-02
    status Active 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

32. 2026-01-01
    historical 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

33. 2025-11-20
    price $59,900 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

34. 2025-11-06
    price $64,800 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

35. 2025-10-16
    price $64,800 538-char remark

    Show marketing remark (538 chars)

    Seller Financing is available!!! Welcome to 1503 E Eilenstine in Palestine, TX. Mobile home that has plenty of space!!! Freshly painted throughout the house to freshen up the property. Subfloor has been replaced as well as new flooring installed throughout the property. This property is priced to sell and offers plenty of room to make it your own. Come make this your home and put your personal touch on this property. Great opportunity for a first-time homebuyer or owner finance buyer. This sale includes the land as well as the home.

36. 2025-10-08
    price $64,900 538-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

37. 2025-10-08
    price $64,900 247-char remark

    Show marketing remark (247 chars)

    For Sale in Palestine, TX! Spacious 1,796 sq. ft. mobile/manufactured home at 1503 Eilenstein St. Priced to sell and ready for a new owner. Perfect for a first-time homebuyer or investor looking for a great opportunity. Don’t miss this one!

38. 2025-10-02
    listed $65,000 Active 247-char remark

    Show marketing remark (538 chars)

    Seller Financing is available!!! Welcome to 1503 E Eilenstine in Palestine, TX. Mobile home that has plenty of space!!! Freshly painted throughout the house to freshen up the property. Subfloor has been replaced as well as new flooring installed throughout the property. This property is priced to sell and offers plenty of room to make it your own. Come make this your home and put your personal touch on this property. Great opportunity for a first-time homebuyer or owner finance buyer. This sale includes the land as well as the home.

39. 2025-10-02
    listed $65,000 Active 538-char remark

    Show marketing remark (538 chars)

    Seller Financing is available!!! Welcome to 1503 E Eilenstine in Palestine, TX. Mobile home that has plenty of space!!! Freshly painted throughout the house to freshen up the property. Subfloor has been replaced as well as new flooring installed throughout the property. This property is priced to sell and offers plenty of room to make it your own. Come make this your home and put your personal touch on this property. Great opportunity for a first-time homebuyer or owner finance buyer. This sale includes the land as well as the home.

40. 2024-12-31
    historical
41. 2024-11-23
    price $25,000
42. 2024-10-29
    price $35,000
43. 2024-08-25
    listed $39,900 Active
44. 2024-02-16
    soldstatus
45. 2008-08-29
    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: $264 · $22/mo
• Projected year-2 tax: $1,169 · $97/mo
• Expected delta: +$905/yr (+$75/mo · 342.7%)

ⓘ 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 ≥110°F today · 25 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 74% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,293
• − Mortgage interest: −$3,579
• − Property taxes: −$264
• − Insurance: −$320
• − Repairs & maintenance: −$1,463
• − Management: −$1,463
• − Depreciation: −$1,859
• Taxable income: $9,344
• Est. tax owed @ 24.0%: −$2,243
• After-tax cash flow: $7,604/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: Palestine ISD
• NCES district ID: 4834050
• Math proficiency: 36% ▼ -12.00%
• Reading proficiency: 37% ▼ -1.00%
• Median HH income: $36,881
• Composite: 30.34/100
• National rank: #6267
• State rank: #509 of 826 in TX

Livability — Palestine

• Score: 66/100
• State rank: #657
• US rank: #12357

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Palestine, TX
• County: Anderson County · 17,531 people
• City population: 17,531
• Metro: Palestine, TX
• Population (ZIP): 17,531
• Household income: $56,787
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 609.0

Population outlook (Anderson County) Hauer SSP2

• Today (2025): 56,663 people
• By 2030: 57,373 · +1.3%
• By 2040: 58,960 · +4.1%
• By 2050: 59,073 · +4.3%
• By 2075: 53,737 · -5.2%
• By 2100: 42,516 · -25.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 48% Black 27% Hispanic / Latino 17% Two or more races 15% Native American 3%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Lithuanian 2% Iranian 1% Slovak 1%
• Foreign-born: 8% · Canada
• Languages at home: 85% English-only · Spanish 12%

Political lean MEDSL · Anderson

• 2024 margin: Solid R (+61.8) · D 18.8% · R 80.6%
• 2008→2024 swing: -18.3pp toward R · 2008: -43.5pp · 2024: -61.8pp
• All cycles: 2024: R+61.8 2020: R+58.0 2016: R+58.1 2012: R+52.2 2008: R+43.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -83.17%
• Current HPI: 154.6138
• Rent YoY: —
• Metro: Palestine, 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

+50.1% since first listed

30 events — show timeline

• 2026-05-16 Price Changed $59,900 CTXMLS
• 2026-05-07 Price Changed $64,100 NTREIS
• 2026-05-07 Price Changed $64,100 CTXMLS
• 2026-04-24 Price Changed $64,200 NTREIS
• 2026-04-24 Price Changed $64,200 CTXMLS
• 2026-04-10 Price Changed $64,300 NTREIS
• 2026-04-10 Price Changed $64,300 CTXMLS
• 2026-04-03 Price Changed $64,400 NTREIS
• 2026-04-03 Price Changed $64,400 CTXMLS
• 2026-03-26 Price Changed $64,500 NTREIS
• 2026-03-26 Price Changed $64,500 CTXMLS
• 2026-03-06 Price Changed $64,600 NTREIS
• 2026-03-06 Price Changed $64,600 CTXMLS
• 2026-02-21 Price Changed $64,700 NTREIS
• 2026-02-21 Price Changed $64,700 CTXMLS
• 2026-01-02 Relisted — CTXMLS
• 2026-01-01 Listing Removed — CTXMLS
• 2025-11-20 Price Changed $59,900 CTXMLS
• 2025-11-06 Price Changed $64,800 CTXMLS
• 2025-10-16 Price Changed $64,800 NTREIS
• 2025-10-08 Price Changed $64,900 NTREIS
• 2025-10-08 Price Changed $64,900 CTXMLS
• 2025-10-02 Listed $65,000 CTXMLS
• 2025-10-02 Listed $65,000 NTREIS
• 2024-12-31 Listing Removed — NTREIS
• 2024-11-23 Price Changed $25,000 NTREIS
• 2024-10-29 Price Changed $35,000 NTREIS
• 2024-08-25 Listed $39,900 NTREIS
• 2024-02-16 Sold (Public Records) — Public Records
• 2008-08-29 Sold (Public Records) — Public Records

Property tax history

-0.4%/yr

Latest (2025): $264 · -0.2% YoY. Source: county tax records.