304 N Walnut Dr · Westwood Shores, TX 75862

$150,000

3 bd · 2.0 ba · 1,456 sqft · Manufactured public records · 158 Days on market

Built 2014 8,398 sqft lot $103/sqft · 54% below area $110/mo HOA · 8% of rent ↓ 23% since listing

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Why this score? — see what drove the D 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 +11.7/30.0
• ARV discount +7.5/15.0
• Appreciation +4.7/10.0
• 1% rule +3.9/10.0
• DSCR +3.4/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

3 bedroom 2 bath located in The Landing on Lake Livingston. Neighborhood amenities include a boat launch, a clubhouse, fishing pier, and park. A beautiful quiet home, nestled in the trees near the lake and golf course. It is a very peaceful place to be.

Key facts

• Fishing pier
• Clubhouse
• Boat launch

Tags

• BOAT LAUNCH
• CLUBHOUSE
• FISHING PIER
• NEAR THE LAKE
• NEAR GOLF COURSE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $-45 ($-536/yr) — negative.
• To cash-flow at today's rent, offer at most $142k (5.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $133k (11.2% below list).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.9% vs local median 3.6% in Westwood Shores — 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 62/100 on livability (#914 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools F, amenities F, commute F.
• Trinity ISD (rural): math 27% / reading 29% proficiency, ranked #682 of 826 in TX (top 83%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 468 active listings in the ZIP; 1 units permitted in Trinity County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $262 of equity ($1k loan paydown + $-775 appreciation (-0.5% local appreciation)).
• Trinity County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 158 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 4y ago; this cycle's ask has dropped $40k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 92% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 158 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.89% ✗
• Cap rate: 5.94%
• Cash-on-cash: -1.28%
• DSCR: 0.94
• GRM: 9.4

CMA / ARV

• ARV (median comp): $325,000
• List price: $150,000
• Delta: -53.85%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-0.52% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -5.7%
• Equity multiple: 0.74×
• Total profit: $-10,785
• Equity at exit: $39,719

10-year hold

• IRR: 0.7%
• Equity multiple: 1.07×
• Total profit: $2,873
• Equity at exit: $44,780

Cash invested: $42,000 (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 75862

• Home prices YoY: -0.3%
• Active inventory: 468
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $1,332 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$138 /mo · $1,655/yr
• Insurance: −$62
• HOA: −$110
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $-45

Break-even live

Break-even rent $1,389

Max offer price $142,102

Occupancy floor 98%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $110 · $1,320/yr

Listing history 31 events

1. 2026-06-19
   days on market $150,000 Active 158 DOM
2. 2026-06-18
   days on market $150,000 Active 157 DOM
3. 2026-06-17
   days on market $150,000 Active 156 DOM
4. 2026-06-16
   days on market $150,000 Active 155 DOM
5. 2026-06-15
   days on market $150,000 Active 154 DOM
6. 2026-06-14
   days on market $150,000 Active 152 DOM
7. 2026-06-13
   days on market $150,000 Active 151 DOM
8. 2026-06-10
   days on market $150,000 Active 149 DOM
9. 2026-06-09
   days on market $150,000 Active 148 DOM
10. 2026-06-08
    days on market $150,000 Active 147 DOM
11. 2026-06-07
    days on market $150,000 Active 146 DOM
12. 2026-06-05
    days on market $150,000 Active 143 DOM
13. 2026-06-02
    days on market $150,000 Active 141 DOM
14. 2026-06-01
    days on market $150,000 Active 140 DOM
15. 2026-05-31
    days on market $150,000 Active 139 DOM
16. 2026-05-30
    days on market $150,000 Active 138 DOM
17. 2026-04-28
    price $150,000 254-char remark

    Show marketing remark (254 chars)

    3 bedroom 2 bath located in The Landing on Lake Livingston. Neighborhood amenities include a boat launch, a clubhouse, fishing pier, and park. A beautiful quiet home, nestled in the trees near the lake and golf course. It is a very peaceful place to be.

18. 2026-04-22
    price $160,000 254-char remark

    Show marketing remark (254 chars)

    3 bedroom 2 bath located in The Landing on Lake Livingston. Neighborhood amenities include a boat launch, a clubhouse, fishing pier, and park. A beautiful quiet home, nestled in the trees near the lake and golf course. It is a very peaceful place to be.

19. 2026-04-15
    price $177,000 254-char remark

    Show marketing remark (254 chars)

    3 bedroom 2 bath located in The Landing on Lake Livingston. Neighborhood amenities include a boat launch, a clubhouse, fishing pier, and park. A beautiful quiet home, nestled in the trees near the lake and golf course. It is a very peaceful place to be.

20. 2026-01-12
    listed $190,000 Active 254-char remark

    Show marketing remark (254 chars)

    3 bedroom 2 bath located in The Landing on Lake Livingston. Neighborhood amenities include a boat launch, a clubhouse, fishing pier, and park. A beautiful quiet home, nestled in the trees near the lake and golf course. It is a very peaceful place to be.

21. 2025-11-23
    historical
22. 2025-10-25
    listed $190,000 Active
23. 2025-06-30
    historical
24. 2025-06-06
    price $179,000
25. 2025-05-09
    listed $185,000 Active
26. 2023-04-20
    soldstatus Sold
27. 2023-03-27
    status Pending
28. 2023-03-15
    status Option Pending
29. 2023-02-01
    price $179,900
30. 2022-11-24
    price $189,900
31. 2022-09-21
    listed $195,000 Active

ⓘ 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: $1,655 · $138/mo
• Projected year-2 tax: $2,745 · $229/mo
• Expected delta: +$1,090/yr (+$91/mo · 65.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 8/10 Severe 7 d/yr ≥111°F today · 24 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 92% 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: $15,985
• − Mortgage interest: −$8,402
• − Property taxes: −$1,655
• − Insurance: −$750
• − Repairs & maintenance: −$1,279
• − Management: −$1,279
• − HOA: −$1,320
• − Depreciation: −$4,364
• Taxable loss: −$3,064
• Est. tax savings @ 24.0%: +$735
• After-tax cash flow: $199/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: Trinity ISD
• NCES district ID: 4843200
• Math proficiency: 27% ▼ -2.00%
• Reading proficiency: 29% ▲ 1.00%
• Median HH income: $37,104
• Composite: 23.31/100
• National rank: #7919
• State rank: #682 of 826 in TX

Livability — Westwood Shores

• Score: 62/100
• State rank: #914
• US rank: #16347

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 10,030

Population outlook (Trinity County) Hauer SSP2

• Today (2025): 13,746 people
• By 2030: 13,333 · -3.0%
• By 2040: 12,542 · -8.8%
• By 2050: 11,942 · -13.1%
• By 2075: 10,871 · -20.9%
• By 2100: 9,784 · -28.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 12% Black 10% Two or more races 7%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Lithuanian 3% Serbian 2% Slovak 2%
• Foreign-born: 4% · Canada
• Languages at home: 89% English-only · Spanish 9% French/Haitian/Cajun 2%

Political lean MEDSL · Trinity

• 2024 margin: Solid R (+67.0) · D 16.2% · R 83.2%
• 2008→2024 swing: -31.3pp toward R · 2008: -35.7pp · 2024: -67.0pp
• All cycles: 2024: R+67.0 2020: R+61.3 2016: R+59.9 2012: R+46.9 2008: R+35.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -0.52%
• Current HPI: 174.6638
• Rent YoY: —
• Metro: —
• 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

-23.1% since first listed

15 events — show timeline

• 2026-04-28 Price Changed $150,000 HARMLS
• 2026-04-22 Price Changed $160,000 HARMLS
• 2026-04-15 Price Changed $177,000 HARMLS
• 2026-01-12 Listed $190,000 HARMLS
• 2025-11-23 Listing Removed — HARMLS
• 2025-10-25 Listed $190,000 HARMLS
• 2025-06-30 Listing Removed — HARMLS
• 2025-06-06 Price Changed $179,000 HARMLS
• 2025-05-09 Listed $185,000 HARMLS
• 2023-04-20 Sold (MLS) — HARMLS
• 2023-03-27 Pending — HARMLS
• 2023-03-15 Pending — HARMLS
• 2023-02-01 Price Changed $179,900 HARMLS
• 2022-11-24 Price Changed $189,900 HARMLS
• 2022-09-21 Listed $195,000 HARMLS

Property tax history

+58.5%/yr

Latest (2025): $1,655 · -15.7% YoY. Source: county tax records.