127 SE Cr 4298 · Mount Vernon, TX 75480

$169,000

4 bd · 3.0 ba · 2,730 sqft · SingleFamily · 156 Days on market

Built 2011 Fair condition 1.38 ac lot $62/sqft · 64% below area ↓ 6% 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• Appreciation +7.6/10.0
• ARV discount +7.5/15.0
• Schools +3.9/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0

Listing remarks MLS

This 4 bedroom, 3 bath, 2 car garage home would make a great starter home, rental property or DIY investment. It's situated on 1.38 acres less than 5 minutes north of beautiful Lake Cypress Springs and less than 10 minutes to Mt Vernon ISD. The main house measures 2730 sq ft with a spacious, split master bedroom ensuite. There is a second bedroom and full bathroom downstairs along with the family room and kitchen-dining room combo. The other 2 bedrooms share the third full bathroom upstairs, and one of the bedrooms has an exterior balcony. The's also a sun room off the kitchen, and the drive-through 2 car garage is heated and cooled with a 410sf bedroom above it that's already plumbed with a shower and commode. Other features the Seller wants Buyers to know. .. the entire downstairs is framed with 2x6 treated lumber, Seller installed new laminate bamboo flooring in the kitchen last year, the shingles are Timberline with a lifetime warranty, the house is plumbed with on-demand electric heat, the bathrooms have custom cabinets and there is a 30'x40' concrete pad out back ready for whatever you want to put on it. If you're a gardener or need space for an ag animal, there's ample room for that plus a tree house with electricity out back for the kiddos. Come take a look at this place. It's priced to sell, so come see for yourself and take advantage of a great opportunity.

Key facts

• 1.38 acres
• Exterior balcony
• Plumbed with shower

Tags

• 1.38 ACRES
• EXTERIOR BALCONY
• SUN ROOM
• HEATED AND COOLED GARAGE
• 410SF BEDROOM
• PLUMBED WITH SHOWER

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $169k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $674 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $169k).
• Recommended offer: $149k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 1.7% in Mount Vernon — 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 74/100 on livability (#190 in TX, #4,869 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment D+, amenities F, commute F.
• Mount Vernon ISD (town): math 49% / reading 43% proficiency, ranked #251 of 826 in TX (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 96 active listings in the ZIP; 7 units permitted in Franklin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $10k of equity ($1k loan paydown + $9k appreciation (5.1% local appreciation)).
• At projected returns (5.1% appreciation + 3.0% rent growth), your $47k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 156 days — a 12% lower offer ($149k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 6→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $148,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 156 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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: 1.38% ✓
• Cap rate: 11.08%
• Cash-on-cash: 17.09%
• DSCR: 1.76
• GRM: 6.0

CMA / ARV

• ARV (median comp): $470,785
• List price: $169,000
• Delta: -64.10%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

5.13% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.9%
• Equity multiple: 2.76×
• Total profit: $83,132
• Equity at exit: $97,068

10-year hold

• IRR: 26.7%
• Equity multiple: 5.52×
• Total profit: $213,736
• Equity at exit: $168,610

Cash invested: $47,320 (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 75480

• Home prices YoY: 2.2%
• Active inventory: 96
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,331 medium
• Mortgage (P&I): −$886
• Tax est. 1.5%: −$211 /mo · $2,535/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$490
• Net cashflow: $674

Break-even live

Break-even rent $1,478

Max offer price $169,000

Occupancy floor 66%

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: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-19
   days on market $169,000 Active 156 DOM
2. 2026-06-18
   days on market $169,000 Active 155 DOM
3. 2026-06-17
   days on market $169,000 Active 154 DOM
4. 2026-06-16
   days on market $169,000 Active 153 DOM
5. 2026-06-15
   days on market $169,000 Active 152 DOM
6. 2026-06-14
   days on market $169,000 Active 150 DOM
7. 2026-06-12
   days on market $169,000 Active 149 DOM
8. 2026-06-09
   days on market $169,000 Active 146 DOM
9. 2026-06-08
   days on market $169,000 Active 145 DOM
10. 2026-06-07
    days on market $169,000 Active 144 DOM
11. 2026-06-05
    days on market $169,000 Active 142 DOM
12. 2026-06-02
    days on market $169,000 Active 139 DOM
13. 2026-06-01
    days on market $169,000 Active 138 DOM
14. 2026-05-31
    days on market $169,000 Active 137 DOM
15. 2026-05-30
    days on market $169,000 Active 136 DOM
16. 2026-04-30
    price $169,000 1389-char remark

    Show marketing remark (1389 chars)

    This 4 bedroom, 3 bath, 2 car garage home would make a great starter home, rental property or DIY investment. It's situated on 1.38 acres less than 5 minutes north of beautiful Lake Cypress Springs and less than 10 minutes to Mt Vernon ISD. The main house measures 2730 sq ft with a spacious, split master bedroom ensuite. There is a second bedroom and full bathroom downstairs along with the family room and kitchen-dining room combo. The other 2 bedrooms share the third full bathroom upstairs, and one of the bedrooms has an exterior balcony. The's also a sun room off the kitchen, and the drive-through 2 car garage is heated and cooled with a 410sf bedroom above it that's already plumbed with a shower and commode. Other features the Seller wants Buyers to know. .. the entire downstairs is framed with 2x6 treated lumber, Seller installed new laminate bamboo flooring in the kitchen last year, the shingles are Timberline with a lifetime warranty, the house is plumbed with on-demand electric heat, the bathrooms have custom cabinets and there is a 30'x40' concrete pad out back ready for whatever you want to put on it. If you're a gardener or need space for an ag animal, there's ample room for that plus a tree house with electricity out back for the kiddos. Come take a look at this place. It's priced to sell, so come see for yourself and take advantage of a great opportunity.

17. 2026-01-14
    listed $179,000 Active 1389-char remark

    Show marketing remark (1389 chars)

    This 4 bedroom, 3 bath, 2 car garage home would make a great starter home, rental property or DIY investment. It's situated on 1.38 acres less than 5 minutes north of beautiful Lake Cypress Springs and less than 10 minutes to Mt Vernon ISD. The main house measures 2730 sq ft with a spacious, split master bedroom ensuite. There is a second bedroom and full bathroom downstairs along with the family room and kitchen-dining room combo. The other 2 bedrooms share the third full bathroom upstairs, and one of the bedrooms has an exterior balcony. The's also a sun room off the kitchen, and the drive-through 2 car garage is heated and cooled with a 410sf bedroom above it that's already plumbed with a shower and commode. Other features the Seller wants Buyers to know. .. the entire downstairs is framed with 2x6 treated lumber, Seller installed new laminate bamboo flooring in the kitchen last year, the shingles are Timberline with a lifetime warranty, the house is plumbed with on-demand electric heat, the bathrooms have custom cabinets and there is a 30'x40' concrete pad out back ready for whatever you want to put on it. If you're a gardener or need space for an ag animal, there's ample room for that plus a tree house with electricity out back for the kiddos. Come take a look at this place. It's priced to sell, so come see for yourself and take advantage of a great opportunity.

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 6/10 Major 6 d/yr ≥110°F today · 21 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,978
• − Mortgage interest: −$9,467
• − Property taxes: −$2,535
• − Insurance: −$845
• − Repairs & maintenance: −$2,238
• − Management: −$2,238
• − Depreciation: −$4,916
• Taxable income: $5,738
• Est. tax owed @ 24.0%: −$1,377
• After-tax cash flow: $6,710/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 · 12 photos

Fair 45/100 Moderate rehab

This home requires moderate renovations to improve its condition and increase its value. Key areas for improvement include the kitchen, bathrooms, and exterior. Painting, updating fixtures, and landscaping can significantly enhance its appeal.

Repairs flagged

• Minor Kitchen countertops — Cluttered and could benefit from cleaning
• Minor Bathroom fixtures — Dated and could be replaced
• Moderate Yard and garage clutter — Cluttered and could be cleaned and organized

Value-add opportunities

• Both Paint interior walls — Fresh paint can improve curb appeal and interior aesthetics
• Both Replace dated kitchen countertops — New countertops can improve functionality and aesthetics
• Both Replace dated bathroom fixtures — New fixtures can improve functionality and aesthetics
• Both Organize and landscape yard — A well-maintained yard can improve curb appeal and property value

Renovation cost estimate screening

Repair item	Severity	Est. cost
Kitchen countertops · Cluttered and could benefit from cleaning	Minor	$500–3,000
Bathroom fixtures · Dated and could be replaced	Minor	$500–3,000
Yard and garage clutter · Cluttered and could be cleaned and organized	Moderate	$3,000–15,000
Total estimated repair cost · 3 items		$4,000–21,000

Value-add ROI direction

• Both Paint interior walls — Fresh paint can improve curb appeal and interior aesthetics ↑
• Both Replace dated kitchen countertops — New countertops can improve functionality and aesthetics ↑
• Both Replace dated bathroom fixtures — New fixtures can improve functionality and aesthetics ↑
• Both Organize and landscape yard — A well-maintained yard can improve curb appeal and property value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Mount Vernon ISD
• NCES district ID: 4831770
• Math proficiency: 49% ▼ -6.00%
• Reading proficiency: 43% ▬ 0.00%
• Median HH income: $46,788
• Composite: 39.19/100
• National rank: #4021
• State rank: #251 of 826 in TX

Livability — Mount Vernon

• Score: 74/100
• State rank: #190
• US rank: #4869

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 1,787

Population outlook (Franklin County) Hauer SSP2

• Today (2025): 10,621 people
• By 2030: 10,648 · +0.3%
• By 2040: 10,629 · +0.1%
• By 2050: 10,486 · -1.3%
• By 2075: 10,038 · -5.5%
• By 2100: 8,816 · -17.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 16% Hispanic / Latino 14%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Slovak 8% German 7% Romanian 4%
• Foreign-born: 9% · Canada
• Languages at home: 86% English-only · Spanish 13%

Political lean MEDSL · Franklin

• 2024 margin: Solid R (+68.9) · D 15.3% · R 84.2%
• 2008→2024 swing: -16.5pp toward R · 2008: -52.5pp · 2024: -68.9pp
• All cycles: 2024: R+68.9 2020: R+67.0 2016: R+67.0 2012: R+63.4 2008: R+52.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.13%
• Current HPI: 234.5679
• 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

-5.6% since first listed

2 events — show timeline

• 2026-04-30 Price Changed $169,000 GTAR
• 2026-01-14 Listed $179,000 GTAR