3702 Park St · Damon, TX 77430

$109,914

3 bd · 2.0 ba · 1,152 sqft · Manufactured public records · 423 Days on market

Built 1990 8,363 sqft lot $95/sqft · 40% below area Est $182k · 40% under

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Why this score? — see what drove the A- 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +8.4/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.1/10.0

Listing remarks MLS

FIXER UPPER opportunity available in Damon, TX! This mobile home boasts 1,152 Sq. Ft. of living space with 3 bedrooms and 2 bathrooms. The family room has an elevated ceiling and ample space. The kitchen is functional and perfect for your culinary needs, and the rooms each have enough space for your family and guests. The property needs some renovations and TLC, but has a great layout worth investing in. You will also have close access to TX-36 and be near a hub of great restaurants, churches, and other great amenities. Being sold As Is but has a lot of potential. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

Key facts

• 8,363 sq ft lot
• Built 1990
• Listed 423 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $110k.

Deal economics

• At list price, monthly cash flow is $867 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $97k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 49/100 on livability (#1,522 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A, housing A; Watch: schools F, amenities F, commute F.
• Damon ISD (rural): math 25% / reading 15% proficiency, ranked #1,103 of 1,141 in TX (top 97%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 58 active listings in the ZIP; 3,960 units permitted in Brazoria County in 2024 (593 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($760 loan paydown + $7k appreciation (6.7% local appreciation)).
• Brazoria County population projected at +44% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (6.7% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$36k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 423 days — a 12% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $20k; list at $110k implies a 450% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% 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 $96,724 (12.0% below list)

Questions for the listing agent

1. It's been on market 423 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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: 1.74% ✓
• Cap rate: 15.76%
• Cash-on-cash: 33.81%
• DSCR: 2.50
• GRM: 4.8

CMA / ARV

• ARV (median comp): $182,073
• List price: $109,914
• Delta: -39.63%
• Verdict: UNDERPRICED
• Comps: 10 within 1.0 mi

Projected returns pro-forma

6.73% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 45.3%
• Equity multiple: 3.98×
• Total profit: $91,719
• Equity at exit: $74,197

10-year hold

• IRR: 41.7%
• Equity multiple: 8.32×
• Total profit: $225,408
• Equity at exit: $139,192

Cash invested: $30,776 (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 77430

• Home prices YoY: 2.2%
• Active inventory: 58
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,915 medium
• Mortgage (P&I): −$576
• Tax from tax record: −$24 /mo · $285/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $867

Break-even live

Break-even rent $818

Max offer price $109,914

Occupancy floor 50%

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: $27,478
• Closing costs: $3,297
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $109,914 Active 423 DOM
2. 2026-06-17
   days on market $109,914 Active 422 DOM
3. 2026-06-16
   days on market $109,914 Active 421 DOM
4. 2026-06-15
   days on market $109,914 Active 420 DOM
5. 2026-06-13
   days on market $109,914 Active 418 DOM
6. 2026-06-12
   days on market $109,914 Active 417 DOM
7. 2026-06-09
   days on market $109,914 Active 414 DOM
8. 2026-06-08
   days on market $109,914 Active 413 DOM
9. 2026-06-08
   days on market $109,914 Active 412 DOM
10. 2026-06-05
    days on market $109,914 Active 410 DOM
11. 2026-06-03
    days on market $109,914 Active 408 DOM
12. 2026-06-02
    days on market $109,914 Active 407 DOM
13. 2026-06-01
    days on market $109,914 Active 406 DOM
14. 2026-05-31
    days on market $109,914 Active 405 DOM
15. 2026-02-19
    price $109,914 795-char remark

    Show marketing remark (795 chars)

    FIXER UPPER opportunity available in Damon, TX! This mobile home boasts 1,152 Sq. Ft. of living space with 3 bedrooms and 2 bathrooms. The family room has an elevated ceiling and ample space. The kitchen is functional and perfect for your culinary needs, and the rooms each have enough space for your family and guests. The property needs some renovations and TLC, but has a great layout worth investing in. You will also have close access to TX-36 and be near a hub of great restaurants, churches, and other great amenities. Being sold As Is but has a lot of potential. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

16. 2025-04-21
    listed $118,914 Active 795-char remark

    Show marketing remark (795 chars)

    FIXER UPPER opportunity available in Damon, TX! This mobile home boasts 1,152 Sq. Ft. of living space with 3 bedrooms and 2 bathrooms. The family room has an elevated ceiling and ample space. The kitchen is functional and perfect for your culinary needs, and the rooms each have enough space for your family and guests. The property needs some renovations and TLC, but has a great layout worth investing in. You will also have close access to TX-36 and be near a hub of great restaurants, churches, and other great amenities. Being sold As Is but has a lot of potential. WE MAKE IT EASY TO OWN. This is a great opportunity! Don't wait, call us today to get more information on the owner's easy terms and smooth process that may be able to put the deed in your name and make this your dream home.

17. 2013-10-22
    soldstatus $20,000

ⓘ 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: $285 · $24/mo
• Projected year-2 tax: $2,011 · $168/mo
• Expected delta: +$1,726/yr (+$144/mo · 604.7%)

ⓘ 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 9/10 Extreme 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,985
• − Mortgage interest: −$6,157
• − Property taxes: −$285
• − Insurance: −$550
• − Repairs & maintenance: −$1,839
• − Management: −$1,839
• − Depreciation: −$3,197
• Taxable income: $9,118
• Est. tax owed @ 24.0%: −$2,188
• After-tax cash flow: $8,218/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: Damon ISD
• NCES district ID: 4816260
• Math proficiency: 25% ▲ 10.00%
• Reading proficiency: 15% ▬ 0.00%
• Median HH income: $45,296
• Composite: 20.73/100
• National rank: #13747
• State rank: #1103 of 1141 in TX

Livability — Damon

• Score: 49/100
• State rank: #1522
• US rank: #25981

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Damon, TX
• Population (ZIP): 1,916

Population outlook (Brazoria County) Hauer SSP2

• Today (2025): 420,414 people
• By 2030: 457,585 · +8.8%
• By 2040: 532,232 · +26.6%
• By 2050: 605,399 · +44.0%
• By 2075: 779,358 · +85.4%
• By 2100: 883,759 · +110.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Hispanic / Latino 15% Two or more races 5%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Italian 3% Iranian 2% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 91% English-only · Spanish 8% Other Indo-European 1%

Political lean MEDSL · Brazoria

• 2024 margin: R (+19.7) · D 39.5% · R 59.2% · Other 1.3%
• 2008→2024 swing: +9.9pp toward D · 2008: -29.6pp · 2024: -19.7pp
• All cycles: 2024: R+19.7 2020: R+18.2 2016: R+24.6 2012: R+34.2 2008: R+29.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.73%
• Current HPI: 312.7758
• 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

+449.6% since first listed

3 events — show timeline

• 2026-02-19 Price Changed $109,914 HARMLS
• 2025-04-21 Listed $118,914 HARMLS
• 2013-10-22 Sold (Public Records) $20,000 Public Records

Property tax history

-1.1%/yr

Latest (2025): $285 · -55.6% YoY. Source: county tax records.