1352 Linda · Canyon Lake, TX 78133

$195,000

5 bd · 3.0 ba · 840 sqft · Manufactured public records · 128 Days on market

Manufactured home Built 1970 Fair condition 0.55 ac lot $232/sqft · 43% below area Est $310k · 37% under

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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).

• ARV discount +15.0/15.0
• Cash flow +13.7/30.0
• Schools +5.2/10.0
• DSCR +4.1/10.0
• Livability +3.4/5.0
• 1% rule +2.6/10.0
• Appreciation +2.5/10.0
• Rent growth +2.2/5.0
• Condition / age +2.2/5.0
• Manufactured-home adj. -4.1

Listing remarks MLS

Small home in a great location. 2/1 on .55 acre with it's own well. Near schools and shopping. Plenty of room for a large garage, barndominium or work shop.

Key facts

• 0.55 acre lot
• Built 1970
• Listed 127 days

What this means for you Summary

Snapshot

• This is a 5-bed/3.0-bath manufactured listed at $195k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $15 ($179/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 $148k (24.0% below list).
• Recommended offer: $148k (24.0% below list) — sets the bar for 1% rule.
• Cap rate 6.4% 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: amenities F, commute F, health & safety 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.
• Zoned schools: Rebecca Creek El (math 55% / reading 52%, grade C, #686 of 4,322 statewide, top 16%, 605 students, 51% FRL); Mt Valley Middle (math 55% / reading 51%, grade C+, #281 of 1,662 statewide, top 18%, 808 students, 49% FRL); Canyon Lake H S (math 46% / reading 56%, grade D+, #482 of 1,632 statewide, top 30%, 1,038 students, 37% FRL) — zoned schools average 46% FRL vs 31% district-wide (15 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents soft (-1.2%/yr); 1169 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 128 days — a 12% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 6y ago; this cycle's ask has dropped $15k (7%) 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 $148,135 (24.0% below list)

Questions for the listing agent

1. It's been on market 128 days. Have you received any prior offers? Is the seller open to a 24% 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. 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?
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: 0.76% ✗
• Cap rate: 6.38%
• Cash-on-cash: 0.33%
• DSCR: 1.01
• GRM: 11.0

CMA / ARV

• ARV (median comp): $310,082
• List price: $195,000
• Delta: -37.11%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1350 Rotherman	1.20mi	4/2.0 (-1)	928 (+10%)	49mo	$315,000	$339	18
1184 Hedgestone	1.77mi	3/2.0 (-2)	960 (+14%)	49mo	$183,000	$191	7
1408 Lavaca	1.92mi	3/2.0 (-2)	1,048 (+25%)	28mo	$249,999	$239	6
1011 Ramble Hls	1.58mi	3/2.0 (-2)	1,040 (+24%)	32mo	$265,900	$256	6

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -18.8%
• Equity multiple: 0.36×
• Total profit: $-35,083
• Equity at exit: $29,075

10-year hold

• IRR: -17.6%
• Equity multiple: 0.15×
• Total profit: $-46,491
• Equity at exit: $16,860

Cash invested: $54,600 (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: 1169
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $1,481 medium
• Mortgage (P&I): −$1,023
• Tax from tax record: −$51 /mo · $618/yr
• Insurance: −$81
• HOA: −$0
• Lot rent leased land?: −$0
• Vacancy / Maint / Mgmt: −$311
• Net cashflow: $15

Break-even live

Break-even rent $1,462

Max offer price $195,000

Occupancy floor 94%

Sensitivity live

Price	-10% $125	-5% $70	+0% $15	+5% $-40	+10% $-95
Rent	-10% $-102	-5% $-44	+0% $15	+5% $73	+10% $132
Rate	-1.0pp $113	-0.5pp $65	base $15	+0.5pp $-36	+1.0pp $-87

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: $48,750
• Closing costs: $5,850
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Property features AI

Finance

• Financial info: Down payment assistance resources available
• HOA & community: No subdivision HOA listed

Exterior

• Utilities: Private wellSeptic
• Home design: Siding exteriorFront faces EastPre-owned
• Construction: Approximately 56 years oldMetal roof
• Exterior features: Bluff viewPartially woodedCanyon lake nearby

Interior

• Kitchen: Self-cleaning ovenStove/RangeRefrigeratorBreakfast bar
• Bedrooms: Master bedroom (11 x 11) with ceiling fanBedroom 2 (11 x 11)Bedroom 3 (9 x 11)Bedroom 4 (9 x 11)Bedroom 5 (9 x 11)
• Flooring: CarpetingLinoleum flooring
• Bathrooms: 3 full bathroomsMaster bathroom (8 x 6) with shower only
• Heating & cooling: Central heating (electric)Two central air conditioning units
• Interior features: Ceiling fansBreakfast barAll window coverings remainRecent rehab
• Laundry & utility: Washer connectionDryer connectionLaundry on main levelElectric water heater

Listing history 50 events

1. 2026-08-08
   days on market $195,000 Active 128 DOM
2. 2026-08-06
   days on market $195,000 Active 126 DOM
3. 2026-08-05
   days on market $195,000 Active 125 DOM
4. 2026-08-04
   days on market $195,000 Active 124 DOM
5. 2026-08-03
   days on market $195,000 Active 123 DOM
6. 2026-07-31
   days on market $195,000 Active 120 DOM
7. 2026-07-30
   days on market $195,000 Active 118 DOM
8. 2026-07-28
   statusdays on market $195,000 Active 117 DOM
9. 2026-07-26
   days on market $195,000 Price Change 115 DOM
10. 2026-07-24
    days on market $195,000 Price Change 113 DOM
11. 2026-07-23
    days on market $195,000 Price Change 112 DOM
12. 2026-07-22
    days on market $195,000 Price Change 111 DOM
13. 2026-07-21
    days on market $195,000 Price Change 110 DOM
14. 2026-07-20
    days on market $195,000 Price Change 109 DOM
15. 2026-07-18
    days on market $195,000 Price Change 107 DOM
16. 2026-07-18
    pricestatusdays on market $195,000 Price Change 106 DOM
17. 2026-07-16
    days on market $198,000 Active 105 DOM
18. 2026-07-15
    days on market $198,000 Active 104 DOM
19. 2026-07-14
    days on market $198,000 Active 103 DOM
20. 2026-07-13
    days on market $198,000 Active 102 DOM
21. 2026-07-13
    days on market $198,000 Active 101 DOM
22. 2026-07-11
    days on market $198,000 Active 100 DOM
23. 2026-07-10
    days on market $198,000 Active 99 DOM
24. 2026-07-09
    days on market $198,000 Active 98 DOM
25. 2026-07-07
    days on market $198,000 Active 96 DOM
26. 2026-07-06
    days on market $198,000 Active 95 DOM
27. 2026-07-05
    days on market $198,000 Active 94 DOM
28. 2026-07-03
    days on market $198,000 Active 92 DOM
29. 2026-07-02
    days on market $198,000 Active 91 DOM
30. 2026-07-01
    days on market $198,000 Active 90 DOM
31. 2026-06-30
    days on market $198,000 Active 89 DOM
32. 2026-06-29
    statusdays on market $198,000 Active 88 DOM
33. 2026-06-28
    days on market $198,000 Price Change 87 DOM
34. 2026-06-27
    days on market $198,000 Price Change 86 DOM
35. 2026-06-26
    days on market $198,000 Price Change 85 DOM
36. 2026-06-24
    days on market $198,000 Price Change 83 DOM
37. 2026-06-22
    days on market $198,000 Price Change 81 DOM
38. 2026-06-21
    pricestatusdays on market $198,000 Price Change 80 DOM
39. 2026-06-18
    days on market $199,000 Active 77 DOM
40. 2026-06-17
    days on market $199,000 Active 76 DOM
41. 2026-06-16
    days on market $199,000 Active 75 DOM
42. 2026-06-15
    days on market $199,000 Active 74 DOM
43. 2026-06-13
    days on market $199,000 Active 72 DOM
44. 2026-06-09
    days on market $199,000 Active 68 DOM
45. 2026-06-08
    days on market $199,000 Active 67 DOM
46. 2026-06-07
    statusdays on market $199,000 Active 66 DOM
47. 2026-06-04
    days on market $199,000 Back on Market 63 DOM
48. 2026-06-03
    days on market $199,000 Back on Market 62 DOM
49. 2026-06-02
    days on market $199,000 Back on Market 61 DOM
50. 2026-06-01
    days on market $199,000 Back on Market 60 DOM

ⓘ 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: $3,568 · $297/mo
• Expected delta: +$2,951/yr (+$246/mo · 477.8%)

ⓘ 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 ≥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: $17,776
• − Mortgage interest: −$10,923
• − Property taxes: −$618
• − Insurance: −$975
• − Repairs & maintenance: −$1,422
• − Management: −$1,422
• − Depreciation: −$5,673
• Taxable loss: −$3,256
• Est. tax savings @ 24.0%: +$782
• After-tax cash flow: $961/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 Est. rehab $21,000–$37,800 screening

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 ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

D Composite school gradezoned avg 52/100

Zoned Schools

Elementary Rebecca Creek El C TX #686/4,322 Nat'l #10,846/41,679 Middle Mt Valley Middle C+ TX #281/1,662 Nat'l #2,873/14,009 High Canyon Lake H S D+ TX #482/1,632 Nat'l #5,320/17,239

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

C Composite livability gradescore 67/100

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 · 175,637 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: 14% of renters

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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%

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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%

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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

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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

Property features AI

Finance

• Financial info: Down payment assistance resources available
• HOA & community: No subdivision HOA listed

Exterior

• Utilities: Private wellSeptic
• Home design: Siding exteriorFront faces EastPre-owned
• Construction: Approximately 56 years oldMetal roof
• Exterior features: Bluff viewPartially woodedCanyon lake nearby

Interior

• Kitchen: Self-cleaning ovenStove/RangeRefrigeratorBreakfast bar
• Bedrooms: Master bedroom (11 x 11) with ceiling fanBedroom 2 (11 x 11)Bedroom 3 (9 x 11)Bedroom 4 (9 x 11)Bedroom 5 (9 x 11)
• Flooring: CarpetingLinoleum flooring
• Bathrooms: 3 full bathroomsMaster bathroom (8 x 6) with shower only
• Heating & cooling: Central heating (electric)Two central air conditioning units
• Interior features: Ceiling fansBreakfast barAll window coverings remainRecent rehab
• Laundry & utility: Washer connectionDryer connectionLaundry on main levelElectric water heater

Price history

+53.5% since first listed

12 events — show timeline

• 2026-06-19 Price Changed $198,000 LERA
• 2026-05-27 Relisted — LERA
• 2026-05-23 Contingent — LERA
• 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.