14628 FM RD 148 · Grays Prairie, TX 75158

$160,000

3 bd · 2.0 ba · 1,100 sqft · Manufactured · 40 Days on market

Built 2013 Fair condition 2.12 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 +27.2/30.0
• DSCR +9.5/10.0
• ARV discount +7.5/15.0
• 1% rule +7.4/10.0
• Schools +4.3/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the highly sought-after Scurry-Rosser ISD, this versatile 2.12-acre corner property at FM 3094 and FM 148 offers endless potential with excellent road frontage and visibility. The property includes a single-wide mobile home that will convey with the sale. With no known deed restrictions and potential for subdivision, this property is ideal for residential, investment, or small business use. Electricity is already installed on site. Please note: there is currently NO Septic System and NO Water connection on the property. Cash or land loan financing only. Property is being sold AS IS.

Key facts

• Corner location
• 2.12-acre property
• 2.12 acre lot

Tags

• 2.12-ACRE PROPERTY
• CORNER LOCATION
• SINGLE-WIDE MOBILE HOME
• NO KNOWN DEED RESTRICTIONS
• POTENTIAL FOR SUBDIVISION
• ELECTRICITY INSTALLED

Property features AI

Finance

• Other: Agent is related to owner
• Financial info: Treat as clear loan status; No second mortgage
• HOA & community: No association

Exterior

• Parking: Driveway parking
• Utilities: Electricity connected; Property in a municipal utility district
• Home design: Mobile home (residential); One story
• Construction: Built in 2013
• Exterior features: Approximately 2.12-acre lot; Sellers open to subdividing; Corner lot location at FM 3094 & FM 148

Interior

• Kitchen: Dishwasher; Electric range; Vented exhaust fan
• Bedrooms: 3 bedrooms (primary bedroom on main level with ensuite bath)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning; Ceiling fans
• Interior features: One-level floorplan; Ensuite bath in primary bedroom; Living area with one living space and one dining area; Other interior features
• Laundry & utility: No specific laundry equipment listed

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $160k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $459 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $155k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#793 in TX) — a middle-class / working-renter tenant base. Strengths: employment A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Scurry-Rosser ISD (rural): math 51% / reading 49% proficiency, ranked #172 of 826 in TX (top 21%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Scurry-Rosser El (math 52% / reading 52%, grade C-, #742 of 4,322 statewide, top 19%, 293 students, 65% FRL) — zoned schools average 65% FRL vs 40% district-wide (25 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 60 active listings in the ZIP; 1,747 units permitted in Kaufman County in 2024 (180 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.
• Kaufman County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $25k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $155,200 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 1.24% ✓
• Cap rate: 9.73%
• Cash-on-cash: 12.28%
• DSCR: 1.55
• GRM: 6.7

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: 1.9%
• Equity multiple: 1.07×
• Total profit: $3,308
• Equity at exit: $23,857

10-year hold

• IRR: 11.5%
• Equity multiple: 1.91×
• Total profit: $40,607
• Equity at exit: $13,834

Cash invested: $44,800 (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 75158

• Home prices YoY: -18.3%
• Active inventory: 60
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $1,980 medium
• Mortgage (P&I): −$839
• Tax est. 1.5%: −$200 /mo · $2,400/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $459

Break-even live

Break-even rent $1,400

Max offer price $160,000

Occupancy floor 72%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $160,000 Active 40 DOM
2. 2026-06-17
   days on market $160,000 Active 39 DOM
3. 2026-06-16
   days on market $160,000 Active 38 DOM
4. 2026-06-15
   days on market $160,000 Active 37 DOM
5. 2026-06-13
   days on market $160,000 Active 35 DOM
6. 2026-06-13
   pricedays on market $160,000 Active 34 DOM
7. 2026-06-09
   days on market $185,000 Active 31 DOM
8. 2026-06-08
   days on market $185,000 Active 30 DOM
9. 2026-06-07
   days on market $185,000 Active 29 DOM
10. 2026-06-04
    days on market $185,000 Active 26 DOM
11. 2026-06-03
    days on market $185,000 Active 25 DOM
12. 2026-06-02
    days on market $185,000 Active 24 DOM
13. 2026-06-01
    days on market $185,000 Active 23 DOM
14. 2026-05-31
    days on market $185,000 Active 22 DOM
15. 2026-05-09
    listed $185,000 Active

    Show marketing remark (600 chars)

    Located in the highly sought-after Scurry-Rosser ISD, this versatile 2.12-acre corner property at FM 3094 and FM 148 offers endless potential with excellent road frontage and visibility. The property includes a single-wide mobile home that will convey with the sale. With no known deed restrictions and potential for subdivision, this property is ideal for residential, investment, or small business use. Electricity is already installed on site. Please note: there is currently NO Septic System and NO Water connection on the property. Cash or land loan financing only. Property is being sold AS IS.

16. 2026-05-09
    listed $185,000 Active 600-char remark

    Show marketing remark (600 chars)

    Located in the highly sought-after Scurry-Rosser ISD, this versatile 2.12-acre corner property at FM 3094 and FM 148 offers endless potential with excellent road frontage and visibility. The property includes a single-wide mobile home that will convey with the sale. With no known deed restrictions and potential for subdivision, this property is ideal for residential, investment, or small business use. Electricity is already installed on site. Please note: there is currently NO Septic System and NO Water connection on the property. Cash or land loan financing only. Property is being sold AS IS.

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

Taxation est. · year 1

• Rental income: $23,761
• − Mortgage interest: −$8,962
• − Property taxes: −$2,400
• − Insurance: −$800
• − Repairs & maintenance: −$1,901
• − Management: −$1,901
• − Depreciation: −$4,655
• Taxable income: $3,142
• Est. tax owed @ 24.0%: −$754
• After-tax cash flow: $4,748/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 · 6 photos

Fair 45/100 Cosmetic rehab

A fair condition mobile home with potential for cosmetic upgrades to enhance its resale and rental value.

Repairs flagged

• Minor Mobile home exterior siding — Weathered appearance
• Minor Mobile home roof — No visible damage

Value-add opportunities

• Resale Paint exterior siding — Enhances curb appeal
• Resale Install new roof — Improves home's overall condition
• Both Upgrade HVAC system — Enhances comfort and energy efficiency

Renovation cost estimate screening

Repair item	Severity	Est. cost
Mobile home exterior siding · Weathered appearance	Minor	$500–3,000
Mobile home roof · No visible damage	Minor	$500–3,000
Total estimated repair cost · 2 items		$1,000–6,000

Value-add ROI direction

• Resale Paint exterior siding — Enhances curb appeal ↑
• Resale Install new roof — Improves home's overall condition ↑
• Both Upgrade HVAC system — Enhances comfort and energy efficiency ↑

ⓘ 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: Scurry-Rosser ISD
• NCES district ID: 4839570
• Math proficiency: 51% ▼ -1.00%
• Reading proficiency: 49% ▬ 0.00%
• Median HH income: $54,837
• Composite: 43.27/100
• National rank: #3047
• State rank: #172 of 826 in TX

Livability — Grays Prairie

• Score: 64/100
• State rank: #793
• US rank: #14463

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

• Population (ZIP): 6,168

Population outlook (Kaufman County) Hauer SSP2

• Today (2025): 138,716 people
• By 2030: 150,815 · +8.7%
• By 2040: 174,877 · +26.1%
• By 2050: 198,020 · +42.8%
• By 2075: 251,908 · +81.6%
• By 2100: 285,325 · +105.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 14% Two or more races 6% Black 2% Native American 2%
• Hispanic origin (detail): Mexican 12%
• Common ancestry: Slovak 2% Lithuanian 1% Hungarian 1%
• Foreign-born: 4% · Canada
• Languages at home: 89% English-only · Spanish 10%

Political lean MEDSL · Kaufman

• 2024 margin: Strong R (+27.9) · D 35.6% · R 63.5%
• 2008→2024 swing: +7.9pp toward D · 2008: -35.8pp · 2024: -27.9pp
• All cycles: 2024: R+27.9 2020: R+33.9 2016: R+47.0 2012: R+44.4 2008: R+35.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -60.37%
• Current HPI: 269.5786
• 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

+0.0% since first listed

2 events — show timeline

• 2026-05-09 Listed $185,000 NTREIS
• 2026-05-09 Listed $185,000 NTREIS