1255 Mount Pleasant Rd · Kingsbury, TX 78638

$112,000

3 bd · 2.0 ba · 1,344 sqft · Manufactured public records · 53 Days on market

Built 2004 2.18 ac lot $83/sqft · 62% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +6.9/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0

Listing remarks MLS

Opportunity to own 2.18 acres in Kingsbury Ranches. Enjoy space, privacy, and flexibility in a growing rural area, conveniently located between Seguin and San Marcos with easy access to Austin and San Antonio. The property is being sold as-is and will require some work, but key updates are already in place, including a 2018 roof and 2022 HVAC. The land offers additional upside with light clearing to further maximize its potential. Situated in a no-zoning area of Guadalupe County, the property offers flexibility for a variety of uses, including potential future commercial applications. No known deed restrictions; buyer to verify all intended uses with the county and through title. Co-Op Electric through AE Energy, providing reliable utilities for current and future use. Not located in a FEMA flood zone. Additional structures on the property, though currently in deteriorated and abandoned condition, were previously serviced by separate electric and water meters, as well as their own septic systems. Due to extended abandonment, portions of the utility lines and septic components have been removed, disconnected, or will require replacement. This prior setup may support future reinstallation or reconfiguration, subject to buyer further verification with the appropriate utility providers and permitting authorities. Opportunities like this; 2+ acres with location, flexibility, and upside? Don't come around often, schedule your showing and take advantage before it's gone!

Key facts

• 2018 roof
• 2022 hvac
• No zoning area

Tags

• 2.18 ACRES
• 2018 ROOF
• 2022 HVAC
• NO ZONING AREA
• GUADALUPE COUNTY
• NO KNOWN DEED RESTRICTIONS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $112k.

Deal economics

• At list price, monthly cash flow is $908 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $112k).
• Recommended offer: $109k (3.0% below list) — sets the bar for market timing.
• Cap rate 16.0% vs local median 1.1% in Kingsbury — 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 54/100 on livability (#1,407 in TX) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, crime A; Watch: schools F, amenities F, commute F.
• Seguin ISD (town): math 26% / reading 30% proficiency, ranked #663 of 826 in TX (top 80%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 63% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 41 active listings in the ZIP; 2,064 units permitted in Guadalupe County in 2024 (133 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($774 loan paydown + $4k appreciation (3.8% local appreciation)).
• Guadalupe County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.8% appreciation + 3.0% rent growth), your $31k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 53 days — a 3% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price.
• Climate carrying-cost: severe wind risk, 80% 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 $108,640 (3.0% below list)

Questions for the listing agent

1. It's been on market 53 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 2.03% ✓
• Cap rate: 16.03%
• Cash-on-cash: 34.76%
• DSCR: 2.55
• GRM: 4.1

CMA / ARV

• ARV (median comp): $283,598
• List price: $112,000
• Delta: -60.51%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
965 Roosevelt Rd	0.28mi	4/2.0 (+1)	1,497 (+11%)	9mo	$289,900	$194	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

3.76% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 41.7%
• Equity multiple: 3.42×
• Total profit: $76,029
• Equity at exit: $55,226

10-year hold

• IRR: 40.8%
• Equity multiple: 6.88×
• Total profit: $184,251
• Equity at exit: $89,104

Cash invested: $31,360 (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 78638

• Home prices YoY: 2.1%
• Active inventory: 41
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $2,274 medium
• Mortgage (P&I): −$587
• Tax from tax record: −$254 /mo · $3,047/yr
• Insurance: −$47
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $908

Break-even live

Break-even rent $1,124

Max offer price $112,000

Occupancy floor 55%

Sensitivity live

Price	-10% $972	-5% $940	+0% $908	+5% $877	+10% $845
Rent	-10% $729	-5% $819	+0% $908	+5% $998	+10% $1,088
Rate	-1.0pp $965	-0.5pp $937	base $908	+0.5pp $879	+1.0pp $850

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: $28,000
• Closing costs: $3,360
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-18
   status Pending 1494-char remark

   Show marketing remark (1494 chars)

   Opportunity to own 2.18 acres in Kingsbury Ranches. Enjoy space, privacy, and flexibility in a growing rural area, conveniently located between Seguin and San Marcos with easy access to Austin and San Antonio. The property is being sold as-is and will require some work, but key updates are already in place, including a 2018 roof and 2022 HVAC. The land offers additional upside with light clearing to further maximize its potential. Situated in a no-zoning area of Guadalupe County, the property offers flexibility for a variety of uses, including potential future commercial applications. No known deed restrictions; buyer to verify all intended uses with the county and through title. Co-Op Electric through AE Energy, providing reliable utilities for current and future use. Not located in a FEMA flood zone. Additional structures on the property, though currently in deteriorated and abandoned condition, were previously serviced by separate electric and water meters, as well as their own septic systems. Due to extended abandonment, portions of the utility lines and septic components have been removed, disconnected, or will require replacement. This prior setup may support future reinstallation or reconfiguration, subject to buyer further verification with the appropriate utility providers and permitting authorities. Opportunities like this; 2+ acres with location, flexibility, and upside? Don't come around often, schedule your showing and take advantage before it's gone!

2. 2026-04-03
   listed $112,000 Active 1541-char remark

   Show marketing remark (1541 chars)

   Opportunity to own 2.18 acres in Kingsbury Ranches. Enjoy space, privacy, and flexibility in a growing rural area, conveniently located between Seguin and San Marcos with easy access to Austin and San Antonio. The property is being sold as-is and will require some work, but key updates are already in place, including a 2018 roof and 2022 HVAC. The land offers additional upside with light clearing to further maximize its potential. Situated in a no-zoning area of Guadalupe County, the property offers flexibility for a variety of uses, including potential future commercial applications. No known deed restrictions; buyer to verify all intended uses with the county and through title. The property is serviced by Kingsbury City Water and Co-Op Electric through AE Energy, providing reliable utilities for current and future use. Not located in a FEMA flood zone. Additional structures on the property, though currently in deteriorated and abandoned condition, were previously serviced by separate electric and water meters, as well as their own septic systems. Due to extended abandonment, portions of the utility lines and septic components have been removed, disconnected, or will require replacement. This prior setup may support future reinstallation or reconfiguration, subject to buyer further verification with the appropriate utility providers and permitting authorities. Opportunities like this; 2+ acres with location, flexibility, and upside? Don't come around often, schedule your showing and take advantage before it's gone!

3. 2026-04-03
   listed $112,000 Active

   Show marketing remark (1541 chars)

   Opportunity to own 2.18 acres in Kingsbury Ranches. Enjoy space, privacy, and flexibility in a growing rural area, conveniently located between Seguin and San Marcos with easy access to Austin and San Antonio. The property is being sold as-is and will require some work, but key updates are already in place, including a 2018 roof and 2022 HVAC. The land offers additional upside with light clearing to further maximize its potential. Situated in a no-zoning area of Guadalupe County, the property offers flexibility for a variety of uses, including potential future commercial applications. No known deed restrictions; buyer to verify all intended uses with the county and through title. The property is serviced by Kingsbury City Water and Co-Op Electric through AE Energy, providing reliable utilities for current and future use. Not located in a FEMA flood zone. Additional structures on the property, though currently in deteriorated and abandoned condition, were previously serviced by separate electric and water meters, as well as their own septic systems. Due to extended abandonment, portions of the utility lines and septic components have been removed, disconnected, or will require replacement. This prior setup may support future reinstallation or reconfiguration, subject to buyer further verification with the appropriate utility providers and permitting authorities. Opportunities like this; 2+ acres with location, flexibility, and upside? Don't come around often, schedule your showing and take advantage before it's gone!

4. 2026-04-01
   listed $112,000 New 1494-char remark

   Show marketing remark (1494 chars)

   Opportunity to own 2.18 acres in Kingsbury Ranches. Enjoy space, privacy, and flexibility in a growing rural area, conveniently located between Seguin and San Marcos with easy access to Austin and San Antonio. The property is being sold as-is and will require some work, but key updates are already in place, including a 2018 roof and 2022 HVAC. The land offers additional upside with light clearing to further maximize its potential. Situated in a no-zoning area of Guadalupe County, the property offers flexibility for a variety of uses, including potential future commercial applications. No known deed restrictions; buyer to verify all intended uses with the county and through title. Co-Op Electric through AE Energy, providing reliable utilities for current and future use. Not located in a FEMA flood zone. Additional structures on the property, though currently in deteriorated and abandoned condition, were previously serviced by separate electric and water meters, as well as their own septic systems. Due to extended abandonment, portions of the utility lines and septic components have been removed, disconnected, or will require replacement. This prior setup may support future reinstallation or reconfiguration, subject to buyer further verification with the appropriate utility providers and permitting authorities. Opportunities like this; 2+ acres with location, flexibility, and upside? Don't come around often, schedule your showing and take advantage before it's gone!

5. 2022-04-08
   soldstatus
6. 2014-10-02
   soldstatus
7. 2004-07-09
   soldstatus

ⓘ 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: $3,047 · $254/mo
• Projected year-2 tax: $3,047 · $254/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 8/10 Severe 7 d/yr ≥109°F today · 22 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% 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: $27,286
• − Mortgage interest: −$6,274
• − Property taxes: −$3,047
• − Insurance: −$560
• − Repairs & maintenance: −$2,183
• − Management: −$2,183
• − Depreciation: −$3,258
• Taxable income: $9,782
• Est. tax owed @ 24.0%: −$2,348
• After-tax cash flow: $8,554/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: Seguin ISD
• NCES district ID: 4839690
• Math proficiency: 26% ▼ -8.00%
• Reading proficiency: 30% ▼ -5.00%
• Median HH income: $46,210
• Composite: 24.17/100
• National rank: #7738
• State rank: #663 of 826 in TX

Livability — Kingsbury

• Score: 54/100
• State rank: #1407
• US rank: #24094

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,064

Population outlook (Guadalupe County) Hauer SSP2

• Today (2025): 196,854 people
• By 2030: 220,210 · +11.9%
• By 2040: 268,004 · +36.1%
• By 2050: 316,333 · +60.7%
• By 2075: 434,747 · +120.8%
• By 2100: 520,447 · +164.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (73%)
• Race & ethnicity: White 73% Hispanic / Latino 25% Two or more races 15%
• Hispanic origin (detail): Mexican 24%
• Common ancestry: Lithuanian 3% Slovak 2% Danish 1%
• Foreign-born: 1% · Canada, Jamaica
• Languages at home: 86% English-only · Spanish 13% Russian/Polish/Slavic 1%

Political lean MEDSL · Guadalupe

• 2024 margin: Strong R (+29.5) · D 34.8% · R 64.3%
• 2008→2024 swing: +1.5pp toward D · 2008: -31.0pp · 2024: -29.5pp
• All cycles: 2024: R+29.5 2020: R+24.2 2016: R+31.8 2012: R+35.1 2008: R+31.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.76%
• Current HPI: 180.1534
• 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

7 events — show timeline

• 2026-05-18 Pending — LERA
• 2026-04-03 Listed $112,000 Unlock MLS
• 2026-04-03 Listed $112,000 CTXMLS
• 2026-04-01 Listed $112,000 LERA
• 2022-04-08 Sold (Public Records) — Public Records
• 2014-10-02 Sold (Public Records) — Public Records
• 2004-07-09 Sold (Public Records) — Public Records

Property tax history

+3.6%/yr

Latest (2026): $3,047 · +10.2% YoY. Source: county tax records.