1352 Linda · Canyon Lake, TX 78133

$199,000

5 bd · 3.0 ba · 840 sqft · Manufactured public records · 77 Days on market

Built 1970 Fair condition 0.55 ac lot $237/sqft · 41% below area Est $310k · 36% under

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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 +23.1/30.0
• ARV discount +15.0/15.0
• DSCR +7.4/10.0
• Schools +5.2/10.0
• 1% rule +4.8/10.0
• Livability +3.4/5.0
• Rent growth +2.2/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to your Canyon Lake retreat! This property has a 2 bed, 1 bath house and a 3 bed, 2 bath mobile home on the property. Located in a very quiet area only 1.5 miles from Canyon Lake and has views of the lake from the front driveway. Close to Grocery stores, restaurants, and all that Canyon Lake has to offer. The spacious lot provides room to enjoy the outdoors, with mature trees and a peaceful setting just minutes from Canyon Lake. Two small storage sheds add functionality for tools, equipment, or recreational gear. **Property Highlights:** * .55-acre lot in Canyon Lake area * 2 bed / 1 bath main home * 4 bed / 2 bath mobile unit * Ideal for rental income or extended family living * Two storage sheds for added convenience * Close proximity to Canyon Lake, boat ramps, and Hill Country attractions Whether you're looking for an investment property, weekend retreat, or flexible living setup, this property offers exceptional value and opportunity in the heart of the Texas Hill Country.

Key facts

• 0.55 acre lot
• Built 1970
• Listed 76 days

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath manufactured listed at $199k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $359 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $195k (2.3% below list).
• Recommended offer: $187k (6.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 2.3% in Canyon Lake — 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 67/100 on livability (#534 in TX) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, cost of living A; Watch: schools C-, amenities F, commute F.
• Comal ISD (rural): math 57% / reading 59% proficiency, ranked #58 of 826 in TX (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-1.2%/yr); 1014 active listings in the ZIP; solid renter incomes; 3,420 units permitted in Comal County in 2024 (1,164 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.
• Comal County population projected at +70% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $11k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 73% 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 $187,060 (6.0% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 6% 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. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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.
7. 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.
8. 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: 0.98% ✗
• Cap rate: 8.46%
• Cash-on-cash: 7.73%
• DSCR: 1.34
• GRM: 8.5

CMA / ARV

• ARV (median comp): $309,804
• List price: $199,000
• Delta: -35.77%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -7.6%
• Equity multiple: 0.73×
• Total profit: $-15,191
• Equity at exit: $29,672

10-year hold

• IRR: -1.9%
• Equity multiple: 0.89×
• Total profit: $-6,211
• Equity at exit: $17,206

Cash invested: $55,720 (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 78133

• Home prices YoY: -33.8%
• Rents YoY: -1.2%
• Active inventory: 1014
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,945 medium
• Mortgage (P&I): −$1,044
• Tax from tax record: −$51 /mo · $618/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$408
• Net cashflow: $359

Break-even live

Break-even rent $1,491

Max offer price $199,000

Occupancy floor 77%

Sensitivity live

Price	-10% $471	-5% $415	+0% $359	+5% $302	+10% $246
Rent	-10% $205	-5% $282	+0% $359	+5% $436	+10% $512
Rate	-1.0pp $459	-0.5pp $409	base $359	+0.5pp $307	+1.0pp $255

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $199,000 Active 77 DOM
2. 2026-06-17
   days on market $199,000 Active 76 DOM
3. 2026-06-16
   days on market $199,000 Active 75 DOM
4. 2026-06-15
   days on market $199,000 Active 74 DOM
5. 2026-06-13
   days on market $199,000 Active 72 DOM
6. 2026-06-09
   days on market $199,000 Active 68 DOM
7. 2026-06-08
   days on market $199,000 Active 67 DOM
8. 2026-06-07
   statusdays on market $199,000 Active 66 DOM
9. 2026-06-04
   days on market $199,000 Back on Market 63 DOM
10. 2026-06-03
    days on market $199,000 Back on Market 62 DOM
11. 2026-06-02
    days on market $199,000 Back on Market 61 DOM
12. 2026-06-01
    days on market $199,000 Back on Market 60 DOM
13. 2026-05-31
    days on market $199,000 Back on Market 59 DOM
14. 2026-05-19
    price $199,000 1020-char remark

    Show marketing remark (1020 chars)

    Welcome home to your Canyon Lake retreat! This property has a 2 bed, 1 bath house and a 3 bed, 2 bath mobile home on the property. Located in a very quiet area only 1.5 miles from Canyon Lake and has views of the lake from the front driveway. Close to Grocery stores, restaurants, and all that Canyon Lake has to offer. The spacious lot provides room to enjoy the outdoors, with mature trees and a peaceful setting just minutes from Canyon Lake. Two small storage sheds add functionality for tools, equipment, or recreational gear. **Property Highlights:** * .55-acre lot in Canyon Lake area * 2 bed / 1 bath main home * 4 bed / 2 bath mobile unit * Ideal for rental income or extended family living * Two storage sheds for added convenience * Close proximity to Canyon Lake, boat ramps, and Hill Country attractions Whether you're looking for an investment property, weekend retreat, or flexible living setup, this property offers exceptional value and opportunity in the heart of the Texas Hill Country.

15. 2026-05-05
    price $205,000 1020-char remark

    Show marketing remark (1020 chars)

    Welcome home to your Canyon Lake retreat! This property has a 2 bed, 1 bath house and a 3 bed, 2 bath mobile home on the property. Located in a very quiet area only 1.5 miles from Canyon Lake and has views of the lake from the front driveway. Close to Grocery stores, restaurants, and all that Canyon Lake has to offer. The spacious lot provides room to enjoy the outdoors, with mature trees and a peaceful setting just minutes from Canyon Lake. Two small storage sheds add functionality for tools, equipment, or recreational gear. **Property Highlights:** * .55-acre lot in Canyon Lake area * 2 bed / 1 bath main home * 4 bed / 2 bath mobile unit * Ideal for rental income or extended family living * Two storage sheds for added convenience * Close proximity to Canyon Lake, boat ramps, and Hill Country attractions Whether you're looking for an investment property, weekend retreat, or flexible living setup, this property offers exceptional value and opportunity in the heart of the Texas Hill Country.

16. 2026-04-02
    listed $210,000 New 1020-char remark

    Show marketing remark (1020 chars)

    Welcome home to your Canyon Lake retreat! This property has a 2 bed, 1 bath house and a 3 bed, 2 bath mobile home on the property. Located in a very quiet area only 1.5 miles from Canyon Lake and has views of the lake from the front driveway. Close to Grocery stores, restaurants, and all that Canyon Lake has to offer. The spacious lot provides room to enjoy the outdoors, with mature trees and a peaceful setting just minutes from Canyon Lake. Two small storage sheds add functionality for tools, equipment, or recreational gear. **Property Highlights:** * .55-acre lot in Canyon Lake area * 2 bed / 1 bath main home * 4 bed / 2 bath mobile unit * Ideal for rental income or extended family living * Two storage sheds for added convenience * Close proximity to Canyon Lake, boat ramps, and Hill Country attractions Whether you're looking for an investment property, weekend retreat, or flexible living setup, this property offers exceptional value and opportunity in the heart of the Texas Hill Country.

17. 2025-09-21
    historical
18. 2025-09-03
    price $229,000
19. 2025-06-26
    listed $235,000 New
20. 2020-10-08
    soldstatus Sold
21. 2020-09-11
    status Pending
22. 2020-09-07
    listed $129,000 New

ⓘ 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: $618 · $51/mo
• Projected year-2 tax: $3,642 · $303/mo
• Expected delta: +$3,024/yr (+$252/mo · 489.6%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥107°F today · 22 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 73% 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: $23,342
• − Mortgage interest: −$11,147
• − Property taxes: −$618
• − Insurance: −$995
• − Repairs & maintenance: −$1,867
• − Management: −$1,867
• − Depreciation: −$5,789
• Taxable income: $1,059
• Est. tax owed @ 24.0%: −$254
• After-tax cash flow: $4,051/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 property requires moderate renovations to improve its condition and value. The kitchen and bathrooms need updates, and the exterior siding shows some wear. Painting and flooring updates would significantly enhance its appeal.

Repairs flagged

• Minor kitchen cabinets — slight wear
• Minor bathroom fixtures — outdated design
• Minor exterior siding — some discoloration

Value-add opportunities

• Resale update kitchen cabinets and fixtures — modernizing the kitchen
• Both paint interior walls — enhances curb appeal and interior aesthetics
• Both replace carpeting with hardwood or tile — improves durability and aesthetics

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · slight wear	Minor	$500–3,000
bathroom fixtures · outdated design	Minor	$500–3,000
exterior siding · some discoloration	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Resale update kitchen cabinets and fixtures — modernizing the kitchen ↑
• Both paint interior walls — enhances curb appeal and interior aesthetics ↑
• Both replace carpeting with hardwood or tile — improves durability and aesthetics ↑

ⓘ 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: Comal ISD
• NCES district ID: 4814730
• Math proficiency: 57% ▼ -9.00%
• Reading proficiency: 59% ▼ -2.00%
• Median HH income: $74,792
• Composite: 51.79/100
• National rank: #1671
• State rank: #58 of 826 in TX

Livability — Canyon Lake

• Score: 67/100
• State rank: #534
• US rank: #10441

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Canyon Lake, TX
• County: Comal County · 206,262 people
• City population: 42,159
• Metro: San Antonio-New Braunfels, TX
• Population (ZIP): 21,959
• Household income: $83,853
• Rent vs Own: 15.2% rent · 84.8% own
• Severe rent burden: 402.0

Population outlook (Comal County) Hauer SSP2

• Today (2025): 175,637 people
• By 2030: 199,911 · +13.8%
• By 2040: 249,436 · +42.0%
• By 2050: 299,430 · +70.5%
• By 2075: 423,857 · +141.3%
• By 2100: 512,048 · +191.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 20% Two or more races 10% Black 2%
• Hispanic origin (detail): Mexican 15%
• Common ancestry: Lithuanian 3% Romanian 3% Italian 3%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 7%

Political lean MEDSL · Comal

• 2024 margin: Solid R (+45.5) · D 26.8% · R 72.2%
• 2008→2024 swing: +1.9pp toward D · 2008: -47.4pp · 2024: -45.5pp
• All cycles: 2024: R+45.5 2020: R+42.7 2016: R+50.1 2012: R+54.1 2008: R+47.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -111.36%
• Current HPI: 218.4633
• Rent YoY: ▼ -1.20%
• Metro: San Antonio-New Braunfels, 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

+54.3% since first listed

9 events — show timeline

• 2026-05-19 Price Changed $199,000 LERA
• 2026-05-05 Price Changed $205,000 LERA
• 2026-04-02 Listed $210,000 LERA
• 2025-09-21 Listing Removed — LERA
• 2025-09-03 Price Changed $229,000 LERA
• 2025-06-26 Listed $235,000 LERA
• 2020-10-08 Sold (MLS) — LERA
• 2020-09-11 Pending — LERA
• 2020-09-07 Listed $129,000 LERA

Property tax history

+2.3%/yr

Latest (2026): $618 · +3.3% YoY. Source: county tax records.