8394 Lake Rd · Rendon, TX 76063

$299,999

3 bd · 2.0 ba · 1,680 sqft · Manufactured public records · 80 Days on market

Built 2020 0.82 ac lot $179/sqft · 30% below area Est $398k · 25% 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 +7.4/30.0
• Schools +4.6/10.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• 1% rule +2.1/10.0
• DSCR +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover the perfect blend of comfort, space, and convenience in this beautifully maintained 2020 double-wide manufactured home offering 3 bedrooms, 2 full baths, and 1,560 square feet of thoughtfully designed living space in Mansfield, Texas. Situated on a spacious 0.82-acre lot and zoned to highly rated Mansfield ISD schools, this property provides the ideal balance of peaceful country living with easy access to city amenities. Built in 2020, the home features a modern open-concept layout that seamlessly connects the living area, dining space, and kitchen—perfect for everyday living and entertaining alike. The kitchen offers ample cabinetry, generous counter space, and room to gather, while the private primary suite includes a spacious bedroom and en-suite bath designed for relaxation. Two additional bedrooms provide flexibility for guests, a home office, or growing households. The property is fenced, offering privacy, security, and room to enjoy the outdoors. It has Co-op water and septic, adding convenience and long-term value. With no HOA and no deed restrictions, you have the freedom to personalize the property to fit your lifestyle—whether that means adding a workshop, garden, or additional outdoor features. The lot offers a mix of gravel and open space with native grasses, providing plenty of room for recreation, parking, or future improvements. Conveniently located near major roadways, shopping, dining, and Mansfield’s expanding amenities, this property combines rural breathing room with suburban accessibility. Opportunities to own newer construction on almost an acre of land and no restrictions are rare. This is your opportunity to experience everything this Mansfield property has to offer.

Key facts

• Ample cabinetry
• Spacious lot
• 0.82 acre lot

Tags

• DOUBLE-WIDE MANUFACTURED HOME
• SPACIOUS LOT
• ZONED TO HIGHLY RATED SCHOOLS
• MODERN OPEN-CONCEPT LAYOUT
• AMPLE CABINETRY
• PRIVATE PRIMARY SUITE

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $300k.

Deal economics

• At list price, monthly cash flow is $-382 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $245k (18.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (28.6% below list).
• Recommended offer: $214k (28.6% below list) — sets the bar for 1% rule.
• Cap rate 4.8% vs local median 2.4% in Rendon — 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 64/100 on livability (#759 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools F, amenities F, commute F.
• Mansfield ISD (suburban): math 47% / reading 53% proficiency, ranked #125 of 826 in TX (top 15%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-1.2%/yr); 715 active listings in the ZIP; high-income renter base; 18,938 units permitted in Tarrant County in 2024 (8,336 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Tarrant County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($282k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $50k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $214,083 (28.6% 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 80 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
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 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?
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: 0.71% ✗
• Cap rate: 4.77%
• Cash-on-cash: -5.46%
• DSCR: 0.76
• GRM: 11.7

CMA / ARV

• ARV (median comp): $398,024
• List price: $299,999
• Delta: -24.63%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -29.0%
• Equity multiple: 0.06×
• Total profit: $-79,182
• Equity at exit: $44,731

10-year hold

• IRR: -46.9%
• Equity multiple: -0.48×
• Total profit: $-124,392
• Equity at exit: $25,938

Cash invested: $84,000 (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 76063

• Home prices YoY: -29.5%
• Rents YoY: -1.2%
• Active inventory: 715
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $2,141 medium
• Mortgage (P&I): −$1,573
• Tax est. 1.5%: −$375 /mo · $4,500/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$450
• Net cashflow: $-382

Break-even live

Break-even rent $2,624

Max offer price $244,727

Occupancy floor —

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: $75,000
• Closing costs: $9,000
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $299,999 Active 80 DOM
2. 2026-06-17
   days on market $299,999 Active 79 DOM
3. 2026-06-16
   days on market $299,999 Active 78 DOM
4. 2026-06-15
   days on market $299,999 Active 77 DOM
5. 2026-06-13
   days on market $299,999 Active 75 DOM
6. 2026-06-13
   days on market $299,999 Active 74 DOM
7. 2026-06-09
   days on market $299,999 Active 71 DOM
8. 2026-06-08
   pricedays on market $299,999 Active 70 DOM
9. 2026-06-07
   days on market $308,500 Active 69 DOM
10. 2026-06-04
    days on market $308,500 Active 66 DOM
11. 2026-06-03
    days on market $308,500 Active 65 DOM
12. 2026-06-02
    days on market $308,500 Active 64 DOM
13. 2026-06-01
    days on market $308,500 Active 63 DOM
14. 2026-05-31
    days on market $308,500 Active 62 DOM
15. 2026-05-02
    price $309,000 1762-char remark

    Show marketing remark (1762 chars)

    Discover the perfect blend of comfort, space, and convenience in this beautifully maintained 2020 double-wide manufactured home offering 3 bedrooms, 2 full baths, and 1,560 square feet of thoughtfully designed living space in Mansfield, Texas. Situated on a spacious 0.82-acre lot and zoned to highly rated Mansfield ISD schools, this property provides the ideal balance of peaceful country living with easy access to city amenities. Built in 2020, the home features a modern open-concept layout that seamlessly connects the living area, dining space, and kitchen—perfect for everyday living and entertaining alike. The kitchen offers ample cabinetry, generous counter space, and room to gather, while the private primary suite includes a spacious bedroom and en-suite bath designed for relaxation. Two additional bedrooms provide flexibility for guests, a home office, or growing households. The property is fenced, offering privacy, security, and room to enjoy the outdoors. It has Co-op water and septic, adding convenience and long-term value. With no HOA and no deed restrictions, you have the freedom to personalize the property to fit your lifestyle—whether that means adding a workshop, garden, or additional outdoor features. The lot offers a mix of gravel and open space with native grasses, providing plenty of room for recreation, parking, or future improvements. Conveniently located near major roadways, shopping, dining, and Mansfield’s expanding amenities, this property combines rural breathing room with suburban accessibility. Opportunities to own newer construction on almost an acre of land and no restrictions are rare. This is your opportunity to experience everything this Mansfield property has to offer.

16. 2026-04-25
    price $327,000 1762-char remark

    Show marketing remark (1762 chars)

    Discover the perfect blend of comfort, space, and convenience in this beautifully maintained 2020 double-wide manufactured home offering 3 bedrooms, 2 full baths, and 1,560 square feet of thoughtfully designed living space in Mansfield, Texas. Situated on a spacious 0.82-acre lot and zoned to highly rated Mansfield ISD schools, this property provides the ideal balance of peaceful country living with easy access to city amenities. Built in 2020, the home features a modern open-concept layout that seamlessly connects the living area, dining space, and kitchen—perfect for everyday living and entertaining alike. The kitchen offers ample cabinetry, generous counter space, and room to gather, while the private primary suite includes a spacious bedroom and en-suite bath designed for relaxation. Two additional bedrooms provide flexibility for guests, a home office, or growing households. The property is fenced, offering privacy, security, and room to enjoy the outdoors. It has Co-op water and septic, adding convenience and long-term value. With no HOA and no deed restrictions, you have the freedom to personalize the property to fit your lifestyle—whether that means adding a workshop, garden, or additional outdoor features. The lot offers a mix of gravel and open space with native grasses, providing plenty of room for recreation, parking, or future improvements. Conveniently located near major roadways, shopping, dining, and Mansfield’s expanding amenities, this property combines rural breathing room with suburban accessibility. Opportunities to own newer construction on almost an acre of land and no restrictions are rare. This is your opportunity to experience everything this Mansfield property has to offer.

17. 2026-04-17
    price $345,000 1762-char remark

    Show marketing remark (1762 chars)

    Discover the perfect blend of comfort, space, and convenience in this beautifully maintained 2020 double-wide manufactured home offering 3 bedrooms, 2 full baths, and 1,560 square feet of thoughtfully designed living space in Mansfield, Texas. Situated on a spacious 0.82-acre lot and zoned to highly rated Mansfield ISD schools, this property provides the ideal balance of peaceful country living with easy access to city amenities. Built in 2020, the home features a modern open-concept layout that seamlessly connects the living area, dining space, and kitchen—perfect for everyday living and entertaining alike. The kitchen offers ample cabinetry, generous counter space, and room to gather, while the private primary suite includes a spacious bedroom and en-suite bath designed for relaxation. Two additional bedrooms provide flexibility for guests, a home office, or growing households. The property is fenced, offering privacy, security, and room to enjoy the outdoors. It has Co-op water and septic, adding convenience and long-term value. With no HOA and no deed restrictions, you have the freedom to personalize the property to fit your lifestyle—whether that means adding a workshop, garden, or additional outdoor features. The lot offers a mix of gravel and open space with native grasses, providing plenty of room for recreation, parking, or future improvements. Conveniently located near major roadways, shopping, dining, and Mansfield’s expanding amenities, this property combines rural breathing room with suburban accessibility. Opportunities to own newer construction on almost an acre of land and no restrictions are rare. This is your opportunity to experience everything this Mansfield property has to offer.

18. 2026-03-03
    listed $350,000 Active 1762-char remark

    Show marketing remark (1762 chars)

    Discover the perfect blend of comfort, space, and convenience in this beautifully maintained 2020 double-wide manufactured home offering 3 bedrooms, 2 full baths, and 1,560 square feet of thoughtfully designed living space in Mansfield, Texas. Situated on a spacious 0.82-acre lot and zoned to highly rated Mansfield ISD schools, this property provides the ideal balance of peaceful country living with easy access to city amenities. Built in 2020, the home features a modern open-concept layout that seamlessly connects the living area, dining space, and kitchen—perfect for everyday living and entertaining alike. The kitchen offers ample cabinetry, generous counter space, and room to gather, while the private primary suite includes a spacious bedroom and en-suite bath designed for relaxation. Two additional bedrooms provide flexibility for guests, a home office, or growing households. The property is fenced, offering privacy, security, and room to enjoy the outdoors. It has Co-op water and septic, adding convenience and long-term value. With no HOA and no deed restrictions, you have the freedom to personalize the property to fit your lifestyle—whether that means adding a workshop, garden, or additional outdoor features. The lot offers a mix of gravel and open space with native grasses, providing plenty of room for recreation, parking, or future improvements. Conveniently located near major roadways, shopping, dining, and Mansfield’s expanding amenities, this property combines rural breathing room with suburban accessibility. Opportunities to own newer construction on almost an acre of land and no restrictions are rare. This is your opportunity to experience everything this Mansfield property has to offer.

19. 2026-02-26
    historical
20. 2026-02-04
    price $159,900
21. 2026-01-21
    price $189,900
22. 2025-12-23
    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.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 24 d/yr by 30 yrs out
• 💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,690
• − Mortgage interest: −$16,805
• − Property taxes: −$4,500
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,055
• − Management: −$2,055
• − Depreciation: −$8,727
• Taxable loss: −$9,952
• Est. tax savings @ 24.0%: +$2,389
• After-tax cash flow: $-2,195/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: Mansfield ISD
• NCES district ID: 4828920
• Math proficiency: 47% ▼ -17.00%
• Reading proficiency: 53% ▼ -6.00%
• Median HH income: $81,934
• Composite: 45.82/100
• National rank: #2558
• State rank: #125 of 826 in TX

Livability — Rendon

• Score: 64/100
• State rank: #759
• US rank: #13917

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: Rendon, TX
• County: Tarrant County · 2,033,669 people
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 82,625
• Household income: $118,946
• Rent vs Own: 28.4% rent · 71.6% own
• Severe rent burden: 2081.0

Population outlook (Tarrant County) Hauer SSP2

• Today (2025): 2,380,417 people
• By 2030: 2,578,900 · +8.3%
• By 2040: 2,974,995 · +25.0%
• By 2050: 3,350,489 · +40.8%
• By 2075: 4,216,909 · +77.2%
• By 2100: 4,741,527 · +99.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 52% Black 22% Hispanic / Latino 17% Two or more races 10% Asian 4%
• Hispanic origin (detail): Mexican 14%
• Common ancestry: Italian 2% Slovak 1% Lithuanian 1%
• Foreign-born: 12% · Canada, Vietnam, China
• Languages at home: 82% English-only · Spanish 10% Other Indo-European 2% Vietnamese 2%

Political lean MEDSL · Tarrant

• 2024 margin: Lean R (+5.1) · D 46.7% · R 51.9% · Other 1.4%
• 2008→2024 swing: +6.6pp toward D · 2008: -11.7pp · 2024: -5.1pp
• All cycles: 2024: R+5.1 2020: D+0.2 2016: R+8.7 2012: R+15.7 2008: R+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -108.63%
• Current HPI: 259.1952
• Rent YoY: ▼ -1.18%
• Metro: Dallas-Fort Worth-Arlington, 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

+58.5% since first listed

8 events — show timeline

• 2026-05-02 Price Changed $309,000 NTREIS
• 2026-04-25 Price Changed $327,000 NTREIS
• 2026-04-17 Price Changed $345,000 NTREIS
• 2026-03-03 Listed $350,000 NTREIS
• 2026-02-26 Listing Removed — NTREIS
• 2026-02-04 Price Changed $159,900 NTREIS
• 2026-01-21 Price Changed $189,900 NTREIS
• 2025-12-23 Listed $195,000 NTREIS

Property tax history

-1.9%/yr

Latest (2025): $574 · -1.1% YoY. Source: county tax records.