Snowcap Plan · Fort Worth, TX 76119

$143,900

4 bd · 3.0 ba · 2,001 sqft · Manufactured · 314 Days on market

Excellent condition

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Why this score? — see what drove the B- 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
• DSCR +10.0/10.0
• 1% rule +9.0/10.0
• ARV discount +7.5/15.0
• Condition / age +4.8/5.0
• Livability +4.0/5.0
• Rent growth +2.1/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

The Epic Experience / The Snowcap by Southern Energy Homes delivers an expansive living area of 2,001 square feet. Featuring 4 bedrooms and 3 bathrooms, The Snowcap is perfect for large families or those who love spacious living. This home combines luxurious amenities with refined design elements, creating an elegant and comfortable living space. * This pricing is for the HOME ONLY. If you need land, we can help with that, ask about our Land Home package!

Key facts

• Listed 313 days

🏗️ New construction. Builder plan / spec listing (the home may be to-be-built); metrics use comparable previous sales.

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath manufactured listed at $144k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $592 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $144k).
• Recommended offer: $127k (12.0% below list) — sets the bar for market timing.
• Cap rate 11.2% vs local median 3.9% in Fort Worth — 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 80/100 on livability (#49 in TX, #1,954 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: schools D+, crime F.
• Fort Worth ISD (urban): math 18% / reading 28% proficiency, ranked #742 of 826 in TX (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-1.6%/yr); 186 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 18,938 units permitted in Tarrant County in 2024 (8,336 in 5+ unit buildings).
• At $2,008/mo this rent would consume 47% of the median local household income ($51k/yr) (locally 2221% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $995 of loan paydown is wiped out by about $4k 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.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $40k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 314 days — a 12% lower offer ($127k) is reasonable based on typical stale-listing flexibility.

Recommended offer $126,632 (12.0% below list)

Questions for the listing agent

1. It's been on market 314 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 D-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. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 1.40% ✓
• Cap rate: 11.23%
• Cash-on-cash: 17.64%
• DSCR: 1.78
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 5.7%
• Equity multiple: 1.21×
• Total profit: $8,544
• Equity at exit: $21,456

10-year hold

• IRR: 12.2%
• Equity multiple: 1.83×
• Total profit: $33,383
• Equity at exit: $12,442

Cash invested: $40,292 (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 76119

• Home prices YoY: -6.4%
• Rents YoY: -1.6%
• Active inventory: 186
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $2,008 high
• Mortgage (P&I): −$755
• Tax est. 1.5%: −$180 /mo · $2,158/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$422
• Net cashflow: $592

Break-even live

Break-even rent $1,259

Max offer price $143,900

Occupancy floor 66%

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: $35,975
• Closing costs: $4,317
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5818 Grayson St Unit 5818 Fort Worth, TX	3.0	2.5	1400	$2,000	$1.43	18d	1	0.27mi
5820 Grayson St Fort Worth, TX	3.0	2.5	1417	$1,895	$1.34	43d	1	0.27mi
5712 Whittlesey Rd Fort Worth, TX	4.0	2.0	1610	$2,000	$1.24	44d	1	0.39mi
5104 Applegate Dr Fort Worth, TX	4.0	3.5	2013	$2,340	$1.16	43d	1	1.29mi
2312 Cass St Fort Worth, TX	4.0	2.5	1600	$1,850	$1.16	14d	1	1.38mi
5505 Shore Point Trl Fort Worth, TX	4.0	2.5	2043	$2,300	$1.13	24d	1	1.40mi
5664 Shore Point Trl Fort Worth, TX	3.0	2.5	1742	$2,150	$1.23	43d	1	1.41mi
5532 Shore Point Trl Fort Worth, TX	3.0	2.5	1446	$1,950	$1.35	43d	1	1.42mi
5541 Topwater Trl Fort Worth, TX	3.0	3.0	2089	$6,100	$2.92	2d	1	1.43mi
5641 Willamette Dr Fort Worth, TX	3.0	2.5	1631	$2,150	$1.32	17d	1	1.48mi

Listing history 17 events

1. 2026-06-18
   days on market $143,900 Active 314 DOM
2. 2026-06-17
   days on market $143,900 Active 313 DOM
3. 2026-06-16
   days on market $143,900 Active 312 DOM
4. 2026-06-15
   days on market $143,900 Active 311 DOM
5. 2026-06-13
   days on market $143,900 Active 309 DOM
6. 2026-06-09
   days on market $143,900 Active 305 DOM
7. 2026-06-08
   days on market $143,900 Active 304 DOM
8. 2026-06-07
   days on market $143,900 Active 303 DOM
9. 2026-06-04
   days on market $143,900 Active 300 DOM
10. 2026-06-03
    days on market $143,900 Active 299 DOM
11. 2026-06-02
    days on market $143,900 Active 298 DOM
12. 2026-06-02
    days on market $143,900 Active 297 DOM
13. 2026-05-31
    days on market $143,900 Active 296 DOM
14. 2026-04-25
    price $143,900 459-char remark

    Show marketing remark (459 chars)

    The Epic Experience / The Snowcap by Southern Energy Homes delivers an expansive living area of 2,001 square feet. Featuring 4 bedrooms and 3 bathrooms, The Snowcap is perfect for large families or those who love spacious living. This home combines luxurious amenities with refined design elements, creating an elegant and comfortable living space. * This pricing is for the HOME ONLY. If you need land, we can help with that, ask about our Land Home package!

15. 2026-03-28
    price $152,900 459-char remark

    Show marketing remark (459 chars)

    The Epic Experience / The Snowcap by Southern Energy Homes delivers an expansive living area of 2,001 square feet. Featuring 4 bedrooms and 3 bathrooms, The Snowcap is perfect for large families or those who love spacious living. This home combines luxurious amenities with refined design elements, creating an elegant and comfortable living space. * This pricing is for the HOME ONLY. If you need land, we can help with that, ask about our Land Home package!

16. 2025-09-09
    price $138,900 459-char remark

    Show marketing remark (459 chars)

    The Epic Experience / The Snowcap by Southern Energy Homes delivers an expansive living area of 2,001 square feet. Featuring 4 bedrooms and 3 bathrooms, The Snowcap is perfect for large families or those who love spacious living. This home combines luxurious amenities with refined design elements, creating an elegant and comfortable living space. * This pricing is for the HOME ONLY. If you need land, we can help with that, ask about our Land Home package!

17. 2025-08-09
    listed $135,900 Active 459-char remark

    Show marketing remark (459 chars)

    The Epic Experience / The Snowcap by Southern Energy Homes delivers an expansive living area of 2,001 square feet. Featuring 4 bedrooms and 3 bathrooms, The Snowcap is perfect for large families or those who love spacious living. This home combines luxurious amenities with refined design elements, creating an elegant and comfortable living space. * This pricing is for the HOME ONLY. If you need land, we can help with that, ask about our Land Home package!

ⓘ 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: $24,101
• − Mortgage interest: −$8,061
• − Property taxes: −$2,158
• − Insurance: −$720
• − Repairs & maintenance: −$1,928
• − Management: −$1,928
• − Depreciation: −$4,186
• Taxable income: $5,120
• Est. tax owed @ 24.0%: −$1,229
• After-tax cash flow: $5,878/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 · 14 photos

Excellent 95/100 None rehab

This manufactured home is in excellent condition with good exterior and interior finishes. It has a good roof and siding, and the landscaping is well-maintained. The home is move-in ready and would benefit from some exterior painting and a small front porch to enhance its curb appeal and rental value.

Value-add opportunities

• Resale Paint the exterior siding and trim — Fresh paint can enhance the curb appeal and make the home look more inviting to potential buyers.
• Rental Add a small front porch — A front porch can provide a welcoming entrance and increase the rental appeal.

Renovation cost estimate screening

Value-add ROI direction

• Resale Paint the exterior siding and trim — Fresh paint can enhance the curb appeal and make the home look more inviting to potential buyers. ↑
• Rental Add a small front porch — A front porch can provide a welcoming entrance and increase the rental appeal. ↑

ⓘ 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: Fort Worth ISD
• NCES district ID: 4819700
• Math proficiency: 18% ▼ -16.00%
• Reading proficiency: 28% ▼ -6.00%
• Median HH income: $42,109
• Composite: 19.61/100
• National rank: #8753
• State rank: #742 of 826 in TX

Livability — Fort Worth

• Score: 80/100
• State rank: #49
• US rank: #1954

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Worth, TX
• County: Tarrant County · 2,033,669 people
• City population: 911,619
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 52,974
• Household income: $51,267
• Rent vs Own: 45.3% rent · 54.7% own
• Severe rent burden: 2221.0

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 0.60)
• Race & ethnicity: Hispanic / Latino 51% Black 36% Two or more races 26% White 8% Asian 3%
• Hispanic origin (detail): Mexican 44%
• Foreign-born: 25% · Canada, Philippines
• Languages at home: 54% English-only · Spanish 42% Other Indo-European 2% Other Asian/Pacific 1%

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: ▼ -23.04%
• Current HPI: 336.7941
• Rent YoY: ▼ -1.61%
• 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

+5.9% since first listed

4 events — show timeline

• 2026-04-25 Price Changed $143,900 Zillow
• 2026-03-28 Price Changed $152,900 Zillow
• 2025-09-09 Price Changed $138,900 Zillow
• 2025-08-09 Listed $135,900 Zillow