112 N Vivian Stevens St · Magnolia Beach, TX 77979

$159,900

4 bd · 2.0 ba · 1,980 sqft · Manufactured · 59 Days on market

Built 2020 0.33 ac lot

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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 +20.7/30.0
• ARV discount +7.5/15.0
• DSCR +6.6/10.0
• 1% rule +4.4/10.0
• Schools +3.7/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Take a look at this great opportunity in Magnolia Beach! This 2020 double-wide manufactured home offers 4 bedrooms, 2 bathrooms, and a spacious split-bedroom floor plan designed for comfortable living. Inside, you’ll find two separate living areas and an open-concept kitchen with plenty of room for entertaining family and friends. The primary suite is privately located away from the additional bedrooms, creating a functional and desirable layout. Situated just around the corner from the bay, this property sits on two lots, giving you extra room to enjoy the outdoors, park your toys, or expand in the future. The property also includes a garage apartment that needs some work, but it offers tremendous potential for guest quarters, rental income, or a workshop space. If you’ve been looking for a coastal property with space, flexibility, and plenty of potential, this one is a must-see!

Key facts

• Two lots
• Open-concept kitchen
• Garage apartment

Tags

• DOUBLE-WIDE MANUFACTURED HOME
• TWO SEPARATE LIVING AREAS
• OPEN-CONCEPT KITCHEN
• TWO LOTS
• GARAGE APARTMENT

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $160k.

Deal economics

• At list price, monthly cash flow is $151 ($2k/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 $150k (6.1% below list).
• Recommended offer: $150k (6.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Calhoun County ISD (town): math 44% / reading 43% proficiency, ranked #293 of 826 in TX (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 282 active listings in the ZIP; 95 units permitted in Calhoun County in 2024 (0 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 $5k of value loss. Plan a longer hold.
• Calhoun County population projected at +12% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,137 (6.1% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 0.94% ✗
• Cap rate: 7.93%
• Cash-on-cash: 5.84%
• DSCR: 1.26
• GRM: 8.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -10.0%
• Equity multiple: 0.64×
• Total profit: $-16,290
• Equity at exit: $23,842

10-year hold

• IRR: -0.6%
• Equity multiple: 0.96×
• Total profit: $-1,853
• Equity at exit: $13,825

Cash invested: $44,772 (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 77979

• Home prices YoY: -34.6%
• Active inventory: 282
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,501 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$63 /mo · $757/yr
• Insurance: −$67
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $151

Break-even live

Break-even rent $1,310

Max offer price $159,900

Occupancy floor 85%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   price $159,900 Active 59 DOM
2. 2026-06-18
   days on market $165,000 Active 59 DOM
3. 2026-06-17
   days on market $165,000 Active 58 DOM
4. 2026-06-16
   days on market $165,000 Active 57 DOM
5. 2026-06-15
   days on market $165,000 Active 56 DOM
6. 2026-06-13
   days on market $165,000 Active 54 DOM
7. 2026-06-12
   days on market $165,000 Active 53 DOM
8. 2026-06-09
   days on market $165,000 Active 50 DOM
9. 2026-06-08
   days on market $165,000 Active 49 DOM
10. 2026-06-08
    days on market $165,000 Active 48 DOM
11. 2026-06-07
    days on market $165,000 Active 47 DOM
12. 2026-06-03
    days on market $165,000 Active 44 DOM
13. 2026-06-02
    days on market $165,000 Active 43 DOM
14. 2026-06-01
    days on market $165,000 Active 42 DOM
15. 2026-05-31
    days on market $165,000 Active 41 DOM
16. 2026-05-04
    status Active 905-char remark

    Show marketing remark (905 chars)

    Take a look at this great opportunity in Magnolia Beach! This 2020 double-wide manufactured home offers 4 bedrooms, 2 bathrooms, and a spacious split-bedroom floor plan designed for comfortable living. Inside, you’ll find two separate living areas and an open-concept kitchen with plenty of room for entertaining family and friends. The primary suite is privately located away from the additional bedrooms, creating a functional and desirable layout. Situated just around the corner from the bay, this property sits on two lots, giving you extra room to enjoy the outdoors, park your toys, or expand in the future. The property also includes a garage apartment that needs some work, but it offers tremendous potential for guest quarters, rental income, or a workshop space. If you’ve been looking for a coastal property with space, flexibility, and plenty of potential, this one is a must-see!

17. 2026-04-30
    historical Active Under Contract 905-char remark

    Show marketing remark (905 chars)

    Take a look at this great opportunity in Magnolia Beach! This 2020 double-wide manufactured home offers 4 bedrooms, 2 bathrooms, and a spacious split-bedroom floor plan designed for comfortable living. Inside, you’ll find two separate living areas and an open-concept kitchen with plenty of room for entertaining family and friends. The primary suite is privately located away from the additional bedrooms, creating a functional and desirable layout. Situated just around the corner from the bay, this property sits on two lots, giving you extra room to enjoy the outdoors, park your toys, or expand in the future. The property also includes a garage apartment that needs some work, but it offers tremendous potential for guest quarters, rental income, or a workshop space. If you’ve been looking for a coastal property with space, flexibility, and plenty of potential, this one is a must-see!

18. 2026-04-20
    listed $179,900 Active 905-char remark

    Show marketing remark (905 chars)

    Take a look at this great opportunity in Magnolia Beach! This 2020 double-wide manufactured home offers 4 bedrooms, 2 bathrooms, and a spacious split-bedroom floor plan designed for comfortable living. Inside, you’ll find two separate living areas and an open-concept kitchen with plenty of room for entertaining family and friends. The primary suite is privately located away from the additional bedrooms, creating a functional and desirable layout. Situated just around the corner from the bay, this property sits on two lots, giving you extra room to enjoy the outdoors, park your toys, or expand in the future. The property also includes a garage apartment that needs some work, but it offers tremendous potential for guest quarters, rental income, or a workshop space. If you’ve been looking for a coastal property with space, flexibility, and plenty of potential, this one is a must-see!

ⓘ 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: $757 · $63/mo
• Projected year-2 tax: $2,926 · $244/mo
• Expected delta: +$2,169/yr (+$181/mo · 286.6%)

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

Climate risk First Street

• 🌊 Flood 8/10 Severe FEMA zone X (shaded) · 97% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% 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: $18,016
• − Mortgage interest: −$8,957
• − Property taxes: −$757
• − Insurance: −$1,597
• − Repairs & maintenance: −$1,441
• − Management: −$1,441
• − Depreciation: −$4,652
• Taxable loss: −$829
• Est. tax savings @ 24.0%: +$199
• After-tax cash flow: $2,015/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: Calhoun County ISD
• NCES district ID: 4812480
• Math proficiency: 44% ▼ -10.00%
• Reading proficiency: 43% ▼ -2.00%
• Median HH income: $48,588
• Composite: 37.27/100
• National rank: #4453
• State rank: #293 of 826 in TX

Livability — Magnolia Beach

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Magnolia Beach, TX
• Population (ZIP): 16,179

Population outlook (Calhoun County) Hauer SSP2

• Today (2025): 23,512 people
• By 2030: 24,183 · +2.9%
• By 2040: 25,370 · +7.9%
• By 2050: 26,388 · +12.2%
• By 2075: 28,014 · +19.1%
• By 2100: 26,314 · +11.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.58)
• Race & ethnicity: Hispanic / Latino 53% White 36% Two or more races 20% Asian 6% Black 3%
• Hispanic origin (detail): Mexican 44%
• Common ancestry: Italian 3% Slovak 1% Serbian 1%
• Foreign-born: 11% · Canada, China, Philippines
• Languages at home: 67% English-only · Spanish 27% Chinese 4% Other Asian/Pacific 2%

Political lean MEDSL · Calhoun

• 2024 margin: Solid R (+52.2) · D 23.7% · R 75.8%
• 2008→2024 swing: -32.2pp toward R · 2008: -20.0pp · 2024: -52.2pp
• All cycles: 2024: R+52.2 2020: R+44.5 2016: R+36.2 2012: R+24.2 2008: R+20.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -86.84%
• Current HPI: 163.8892
• 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

3 events — show timeline

• 2026-05-04 Relisted — CTXMLS
• 2026-04-30 Contingent — CTXMLS
• 2026-04-20 Listed $179,900 CTXMLS

Property tax history

-12.5%/yr

Latest (2025): $757 · +18.0% YoY. Source: county tax records.