Is 215 Overland Trl in Bridgeport, TX a good investment?

CashFlowRE grades it D+ with a 5.5% cap rate and $-127/mo modeled cash flow at a $189,990 list price. See the full underwriting and recommended offer on the page.

What is the cap rate for 215 Overland Trl?

The modeled cap rate is 5.5% — annual NOI divided by price, using CashFlowRE's rent and expense estimates.

What would this property rent for?

Estimated market rent is $1,502/month, from CashFlowRE's rent model.

D+ Composite 45.53

Why this score? — see what drove the D+ 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).

ARV discount +15.0/15.0
Cash flow +9.7/30.0
Appreciation +4.8/10.0
Schools +4.5/10.0
Condition / age +4.0/5.0
Livability +3.4/5.0
1% rule +2.9/10.0
DSCR +2.7/10.0
Rent growth +2.5/5.0
Manufactured-home adj. -4.0

$189,990

215 Overland Trl · Bridgeport, TX 76426

4 bd · 2.0 ba · 1,475 sqft · Manufactured · 126 Days on market

Manufactured home Built 2024 Good condition 0.26 ac lot $129/sqft · 32% below area Est $279k · 32% under ↓ 5% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks

Enjoy the best of comfortable living and functional design in this spacious 4 bedroom home situated on a 0.26-acre lot. Step inside to a welcoming living area that flows naturally into the heart of the home, creating a layout that feels open, connected, and built for gathering. The kitchen offers both style and functionality making it the perfect place to cook, host, and enjoy with a center island, decorative backsplash, refrigerator, dishwasher, and oven range. Sliding glass doors are located directly behind the dining area and open to the covered 10' x 18' rear porch, extending your living space outdoors and blending indoor comfort with fresh air and relaxation.

Key facts

0.26-acre lot
En-suite bathroom
Large walk-in closet

What this means for you Summary

Snapshot

This is a 4-bed/2.0-bath manufactured listed at $190k. Condition is rated good.

Deal economics

At list price, monthly cash flow is $-127 ($-2k/yr) — negative.
To cash-flow at today's rent, offer at most $172k (9.6% below list).
To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $150k (21.0% below list).
Recommended offer: $150k (21.0% below list) — sets the bar for 1% rule.
Cap rate 5.5% vs local median 3.5% in Bridgeport — 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 68/100 on livability (#472 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime B+; Watch: health & safety D+, amenities F, commute F.
Bridgeport ISD (rural): math 41% / reading 41% proficiency, ranked #356 of 826 in TX (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
Zoned schools: Bridgeport El (523 students, 70% FRL); Bridgeport Middle (math 49% / reading 42%, grade D+, #470 of 1,662 statewide, top 29%, 455 students, 58% FRL); Bridgeport H S (math 42% / reading 47%, grade F, #652 of 1,632 statewide, top 43%, 633 students, 56% FRL).
Market conditions: 482 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 460 units permitted in Wise County in 2024 (243 in 5+ unit buildings).

Forward outlook

Local home prices are declining (-0.8%/yr); year-one equity from $1k of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
Wise County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

It's been on market 126 days — a 12% lower offer ($167k) is reasonable based on typical stale-listing flexibility.
6 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

Climate carrying-cost: moderate wind risk, 26% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,184 (21.0% below list)

Questions for the listing agent

What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
It's been on market 126 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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?
The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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.
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.
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: 0.79% ✗
Cap rate: 5.49%
Cash-on-cash: -2.85%
DSCR: 0.87
GRM: 10.5

CMA / ARV

ARV (median comp): $279,324
List price: $189,990
Delta: -31.98%
Verdict: UNDERPRICED
Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
219 Overland Trl	0.01mi	4/2.0	1,475 (0%)	16mo	$205,000	$139	86
297 Cumberland Trl	0.22mi	4/2.0	1,493 (+1%)	9mo	$210,000	$141	80
240 Overland Trl	0.11mi	3/2.0 (-1)	1,517 (+3%)	11mo	$197,000	$130	76
170 Ringo Dr	0.14mi	3/2.0 (-1)	1,508 (+2%)	14mo	$214,000	$142	73
313 Overland Trl	0.23mi	4/2.0	1,570 (+6%)	10mo	$208,000	$132	70
212 Overland Trl	0.03mi	3/2.0 (-1)	1,517 (+3%)	23mo	$205,000	$135	70
134 Buck Ct	0.21mi	4/2.0	1,570 (+6%)	19mo	$215,000	$137	64

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

Projected returns pro-forma

-0.82% appreciation · 3.0% rent growth · sell at horizon

5-year hold

IRR: -8.9%
Equity multiple: 0.61×
Total profit: $-20,797
Equity at exit: $47,504

10-year hold

IRR: -2.2%
Equity multiple: 0.79×
Total profit: $-11,312
Equity at exit: $51,297

Cash invested: $53,197 (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 →

Active competition Active MLS

For sale now: 6 active
Median asking: $179,000 ($126/sqft)
Median days on market: 63 d
This list price: 67% of active listings are priced below it
ARV vs active asking: +49.8% above current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 76426

Home prices YoY: -0.2%
Active inventory: 482
Price-to-rent: 10.5×

Monthly cashflow live

Estimated rent: $1,502 medium interval (Pro) →
Mortgage (P&I): −$996
Tax est. 1.5%: −$237 /mo · $2,850/yr
Insurance: −$79
HOA: −$0
Lot rent leased land?: −$0
Vacancy / Maint / Mgmt: −$315
Net cashflow: $-127

Break-even live

Break-even rent $1,662

Max offer price $171,682

Occupancy floor —

Sensitivity live

Price	-10% $5	-5% $-61	+0% $-127	+5% $-192	+10% $-258
Rent	-10% $-245	-5% $-186	+0% $-127	+5% $-67	+10% $-8
Rate	-1.0pp $-31	-0.5pp $-78	base $-127	+0.5pp $-176	+1.0pp $-226

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: $47,498
Closing costs: $5,700
Club membership (one-time): —
Reserves months: —
Total cash needed: —

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Cash invested: —
Monthly P&I: —
Monthly cashflow: —
DSCR: —
Eligible?: —

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Cash invested: —
Monthly P&I: —
Monthly cashflow: —
DSCR: —
Eligible?: —

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Cash invested: —
Monthly P&I: —
Monthly cashflow: —
DSCR: —
Eligible?: —

Short-term bridge; refi at stabilization.

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
181 Cheyenne Dr Unit A Bridgeport, TX	3.0	2.0	1080	$1,675	$1.55	0d	1	0.32mi
412 Half Moon Way Runaway Bay, TX	3.0	2.0	1809	$1,850	$1.02	18d	1	0.94mi

Property features AI

Finance

Other: Property listed by builder (special listing condition)Possession at closing/funding
Financial info: Listing accepts Cash, Conventional, FHA, USDA loan, and VA loan
HOA & community: No association (no HOA)

Exterior

Parking: 2 covered/carport spacesCarport with gravel parking; no garage
Security: Smoke detector(s)
Utilities: City waterSepticCo-op electric / electricity availableUnincorporated area utilitiesOther utilities available
Home design: Single family residenceOne storyNew construction completed in 2024Detached (not attached to another property)
Construction: Frame construction with vinyl sidingComposition/shingle roofNew construction - complete (2024)
Exterior features: Covered front and rear porchesCovered porch(es)Acreage lot in an interior locationEasements for drainage and utilities

Interior

Kitchen: DishwasherElectric ovenElectric rangeRefrigeratorVented exhaust fan
Bedrooms: 4 bedrooms (all on main level)Primary bedroom on main level with ensuite bath and garden tub
Flooring: Linoleum
Bathrooms: 2 full bathrooms
Heating & cooling: Central heating (electric)Central air conditioning (electric)
Interior features: Open floorplanKitchen islandWalk-in closet(s)6 total rooms1 living areaNo fireplaces
Laundry & utility: Full-size washer/dryer areaWasher hookupElectric dryer hookupUtility room

Listing history 50 events

2026-09-24

days on market $189,990 Active 126 DOM
2026-09-23

days on market $189,990 Active 125 DOM
2026-09-22

days on market $189,990 Active 124 DOM
2026-09-21

days on market $189,990 Active 123 DOM
2026-09-20

days on market $189,990 Active 122 DOM
2026-09-19

days on market $189,990 Active 121 DOM
2026-09-18

days on market $189,990 Active 120 DOM
2026-09-17

days on market $189,990 Active 119 DOM
2026-09-16

days on market $189,990 Active 118 DOM
2026-09-15

days on market $189,990 Active 117 DOM
2026-09-14

days on market $189,990 Active 116 DOM
2026-09-13

days on market $189,990 Active 115 DOM
2026-09-12

days on market $189,990 Active 114 DOM
2026-09-11

days on market $189,990 Active 113 DOM
2026-09-05

days on market $189,990 Active 107 DOM
2026-09-04

days on market $189,990 Active 106 DOM
2026-08-31

days on market $189,990 Active 102 DOM
2026-08-29

days on market $189,990 Active 100 DOM
2026-08-28

days on market $189,990 Active 99 DOM
2026-08-27

days on market $189,990 Active 98 DOM
2026-08-26

days on market $189,990 Active 97 DOM
2026-08-25

price $189,990 Active 96 DOM
2026-08-25

days on market $195,000 Active 96 DOM
2026-08-24

days on market $195,000 Active 95 DOM
2026-08-23

days on market $195,000 Active 94 DOM
2026-08-22

days on market $195,000 Active 93 DOM
2026-08-21

days on market $195,000 Active 92 DOM
2026-08-20

days on market $195,000 Active 91 DOM
2026-08-19

days on market $195,000 Active 90 DOM
2026-08-18

days on market $195,000 Active 89 DOM
2026-08-17

days on market $195,000 Active 88 DOM
2026-08-16

days on market $195,000 Active 87 DOM
2026-08-15

days on market $195,000 Active 86 DOM
2026-08-14

days on market $195,000 Active 85 DOM
2026-08-13

days on market $195,000 Active 84 DOM
2026-08-12

days on market $195,000 Active 83 DOM
2026-08-11

days on market $195,000 Active 82 DOM
2026-08-10

days on market $195,000 Active 81 DOM
2026-08-09

days on market $195,000 Active 80 DOM
2026-08-08

days on market $195,000 Active 79 DOM
2026-08-06

days on market $195,000 Active 77 DOM
2026-08-05

days on market $195,000 Active 76 DOM
2026-08-04

days on market $195,000 Active 75 DOM
2026-08-03

days on market $195,000 Active 74 DOM
2026-07-31

days on market $195,000 Active 71 DOM
2026-07-30

days on market $195,000 Active 70 DOM
2026-07-30

days on market $195,000 Active 69 DOM
2026-07-28

days on market $195,000 Active 68 DOM
2026-07-26

days on market $195,000 Active 66 DOM
2026-07-24

days on market $195,000 Active 64 DOM

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

Climate risk First Street

🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
🔥 Wildfire 5/10 Major
🌡 Heat 7/10 Severe 7 d/yr ≥111°F today · 21 d/yr by 30 yrs out
💨 Wind 5/10 Major 26% chance of damaging wind over 30 yrs
🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income: $18,022
− Mortgage interest: −$10,642
− Property taxes: −$2,850
− Insurance: −$950
− Repairs & maintenance: −$1,442
− Management: −$1,442
− Depreciation: −$5,527
Taxable loss: −$4,831

Your marginal tax rate % combined federal + state — saved on this device

Est. tax savings @ 24.0%: +$1,159
After-tax cash flow: $-359/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

Good 80/100 Cosmetic rehab Est. rehab $7,375–$22,125 screening

This spacious 4-bedroom manufactured home is in good condition with a well-maintained exterior and interior. It offers a good return on investment with minor updates that can significantly enhance its value.

Value-add opportunities

Both Painting the exterior and interior walls — Fresh paint can enhance curb appeal and interior aesthetics. ↑
Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value. ↑
Both Adding a small shed or storage unit — Additional storage can be useful for both residents and potential buyers/tenants. ↑
Both Upgrading the HVAC system — A more efficient HVAC system can improve comfort and reduce energy costs. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 45/100

Zoned Schools

Elementary Bridgeport El Middle Bridgeport Middle D+ TX #470/1,662 Nat'l #4,522/14,009 High Bridgeport H S F TX #652/1,632 Nat'l #6,890/17,239

Schools (NCES district)

District: Bridgeport ISD
NCES district ID: 4811340
Math proficiency: 41% ▼ -4.00%
Reading proficiency: 41% ▲ 3.00%
Median HH income: $51,866
Composite: 35.51/100
National rank: #4913
State rank: #356 of 826 in TX

C Composite livability gradescore 68/100

Livability — Bridgeport

Score: 68/100
State rank: #472
US rank: #9507

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County: Wise County · 71,620 people
Metro: Dallas-Fort Worth-Arlington, TX
Population (ZIP): 11,632
Household income: $92,130
Rent vs Own: 25.0% rent · 75.0% own
Severe rent burden: 3% of renters

Population outlook (Wise County) Hauer SSP2

Today (2025): 71,620 people
By 2030: 75,858 · +5.9%
By 2040: 83,908 · +17.2%
By 2050: 90,717 · +26.7%
By 2075: 107,583 · +50.2%
By 2100: 114,996 · +60.6%

Race, ethnicity, and origin ACS 2023

Neighborhood character: Majority White (60%)
Race & ethnicity: White 60% Hispanic / Latino 32% Two or more races 9% Black 2% Asian 1% Native American 1%
Hispanic origin (detail): Mexican 31%
Common ancestry: Slovak 1% Lithuanian 1% Romanian 1%
Foreign-born: 14% · Canada, Vietnam
Languages at home: 72% English-only · Spanish 27%

Political lean MEDSL · Wise

2024 margin: Solid R (+70.0) · D 14.7% · R 84.7%
2008→2024 swing: -14.3pp toward R · 2008: -55.7pp · 2024: -70.0pp
All cycles: 2024: R+70.0 2020: R+68.2 2016: R+69.9 2012: R+67.5 2008: R+55.7

Not yet ingested

Civics: —

Market trends

HPI YoY: ▼ -0.82%
Current HPI: 417.89
Rent YoY: —
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
#8 Exxon Mobil Spring $349.6B #16 Chevron Houston $202.8B #28 Phillips 66 Houston $145.5B #34 Valero Energy San Antonio $124.0B #53 Energy Transfer Dallas $82.7B #75 ConocoPhillips Houston $57.0B #78 Enterprise Products Partners Houston $56.2B #92 Plains GP Holdings Houston $50.1B #134 HF Sinclair Dallas $29.6B #142 Occidental Petroleum Houston $26.3B #173 Targa Resources Houston $19.4B #188 Cheniere Energy Houston $17.6B #239 Kinder Morgan Houston $15.3B #419 APA Corporation Houston $8.6B #393 Cabot Oil & Gas Houston $7.9B #455 Coterra Energy Houston $5.8B
Technology	5	$198B
#44 Dell Technologies Round Rock $95.6B #87 Oracle Austin $53.0B #132 Hewlett Packard Enterprise Spring $30.1B #193 Texas Instruments Dallas $16.3B #406 Match Group Dallas $3.4B
Engineering / Construction	4	$72B
#228 Quanta Services Houston $23.7B #258 Jacobs Solutions Dallas $16.3B #318 AECOM Dallas $16.1B #279 Fluor Irving $16.1B
Energy Services	3	$60B
#136 Baker Hughes Houston $28.5B #154 Halliburton Houston $23.1B #368 Smith International Houston $8.4B
Utilities	3	$41B
#194 Vistra Irving $16.3B #211 NRG Energy Houston $15.4B #259 CenterPoint Energy Houston $9.4B
Healthcare	2	$330B
#9 McKesson Irving $309.0B #163 Tenet Healthcare Dallas $20.6B

Price history

-4.9% since first listed

14 events — show timeline

2026-05-21 Listed $195,000 NTREIS
2025-12-31 Listing Removed — NTREIS
2025-10-07 Price Changed $199,990 NTREIS
2025-09-19 Relisted — NTREIS
2025-08-11 Pending — NTREIS
2025-08-11 Listing Removed — NTREIS
2025-08-11 Listed $217,900 NTREIS
2025-06-19 Price Changed $205,000 NTREIS
2025-06-19 Relisted — NTREIS
2025-06-05 Price Changed $217,000 NTREIS
2025-06-05 Pending — NTREIS
2025-06-05 Listing Removed — NTREIS
2025-06-05 Listed $217,000 NTREIS
2025-03-18 Listed $205,000 NTREIS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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