510 Range Rd · Caddo Mills, TX 75135

$277,490

3 bd · 2.0 ba · 1,735 sqft · SingleFamily · 93 Days on market

Built 2026 Excellent condition 6,621 sqft lot $160/sqft · 16% below area Est $329k · 16% under $40/mo HOA · 2% of rent ↓ 14% since listing

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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).

• ARV discount +14.6/15.0
• Cash flow +12.2/30.0
• Schools +5.2/10.0
• Condition / age +5.0/5.0
• 1% rule +3.7/10.0
• Livability +3.7/5.0
• DSCR +3.6/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 510 Range Road, part of our Trailstone community in Caddo Mills, TX. Discover the perfect family home in this charming Traditions Series floorplan design. From the architecturally detailed exterior with its divided light windows and decorative 2-car garage door, to the warm, raised panel front door, every detail is crafted for comfort. (Decorative front door options are available for upgrade. ) Inside the home, the foyer opens to a spacious living area, ideal for family time. The kitchen, with its 36" cabinets, granite countertops, and large island, becomes the hub of daily life. The primary suite offers a peaceful escape, featuring a dual sink vanity bathroom and walk-in closet, while additional bedrooms provide ample space for children or guests. Enjoy the durability and beauty of laminate wood plank flooring in the living areas and plush carpet in the bedrooms. The innovative tech package and user-friendly smart home system ensure a comfortable and efficient living experience. Photos shown here may not depict the specified home and features. Contact us today for more details!

Key facts

• Quartz counters
• Led lighting
• Community pool

Tags

• OPEN CONCEPT FLOOR PLAN
• ISLAND KITCHEN
• QUARTZ COUNTERS
• LED LIGHTING
• FULL SPRINKLER SYSTEM
• COMMUNITY POOL

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $277k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $-54 ($-650/yr) — negative.
• To cash-flow at today's rent, offer at most $270k (2.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $241k (13.2% below list).
• Recommended offer: $241k (13.2% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 3.9% in Caddo Mills — 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 73/100 on livability (#216 in TX) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Caddo Mills ISD (rural): math 59% / reading 59% proficiency, ranked #60 of 826 in TX (top 7%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 312 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 1,289 units permitted in Hunt County in 2024 (527 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Hunt County population projected at +15% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 93 days — a 9% lower offer ($253k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $36k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $240,948 (13.2% below list)

Questions for the listing agent

1. 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?
2. It's been on market 93 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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.
8. 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.
9. 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: 0.87% ✗
• Cap rate: 6.06%
• Cash-on-cash: -0.84%
• DSCR: 0.96
• GRM: 9.6

CMA / ARV

• ARV (median comp): $329,137
• List price: $277,490
• Delta: -15.69%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
404 Flintlock Rd	0.11mi	3/2.0	1,735 (0%)	3mo	$287,490	$166	92
412 Tia Ave	0.13mi	3/2.0	1,735 (0%)	8mo	$299,430	$173	88
211 Bobcat Ln	0.30mi	3/2.0	1,735 (0%)	3mo	$294,030	$169	84
413 Range Rd	0.07mi	4/2.0 (+1)	1,829 (+5%)	3mo	$331,490	$181	80
506 Range Rd	0.02mi	4/2.0 (+1)	1,935 (+12%)	3mo	$299,490	$155	72
215 Bobcat Ln	0.27mi	4/2.0 (+1)	1,829 (+5%)	3mo	$298,990	$163	71
412 Bailey Way	0.23mi	4/2.0 (+1)	1,816 (+5%)	7mo	$300,000	$165	71
211 Buckboard Ln	0.30mi	4/2.0 (+1)	1,829 (+5%)	3mo	$299,650	$164	69
300 Tia Ave	0.23mi	4/2.0 (+1)	1,829 (+5%)	8mo	$283,000	$155	69
402 Range Rd	0.11mi	4/2.0 (+1)	1,935 (+12%)	7mo	$334,990	$173	64
108 Condor Pass	0.45mi	4/2.0 (+1)	1,830 (+6%)	2mo	$267,999	$146	63
3159 Ridgeview Rd	0.25mi	3/2.5	1,979 (+14%)	7mo	$509,900	$258	57

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

Projected returns pro-forma

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

5-year hold

• IRR: -17.6%
• Equity multiple: 0.38×
• Total profit: $-48,355
• Equity at exit: $41,375

10-year hold

• IRR: -9.7%
• Equity multiple: 0.40×
• Total profit: $-46,302
• Equity at exit: $23,992

Cash invested: $77,697 (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 75135

• Home prices YoY: -13.5%
• Active inventory: 312
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,409 high
• Mortgage (P&I): −$1,455
• Tax est. 1.5%: −$347 /mo · $4,162/yr
• Insurance: −$116
• HOA: −$40
• Vacancy / Maint / Mgmt: −$506
• Net cashflow: $-54

Break-even live

Break-even rent $2,478

Max offer price $269,651

Occupancy floor 97%

Sensitivity live

Price	-10% $138	-5% $42	+0% $-54	+5% $-150	+10% $-246
Rent	-10% $-245	-5% $-149	+0% $-54	+5% $41	+10% $136
Rate	-1.0pp $86	-0.5pp $16	base $-54	+0.5pp $-126	+1.0pp $-199

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: $69,372
• Closing costs: $8,325
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
509 Range Rd Caddo Mills, TX	4.0	3.0	2060	$2,500	$1.21	1d	1	0.01mi
210 Calico Ln Caddo Mills, TX	4.0	2.0	2012	$2,400	$1.19	25d	1	0.29mi
132 Whitetail Way Caddo Mills, TX	3.0	2.0	1780	$2,400	$1.35	12d	1	0.50mi
218 Whitetail Way Caddo Mills, TX	3.0	2.0	1735	$2,195	$1.27	44d	1	0.56mi
187 Longhorn Pass Caddo Mills, TX	4.0	2.0	2003	$2,195	$1.10	5d	1	0.56mi

HOA detail

• Monthly dues: $40 · $480/yr

Listing history 25 events

1. 2026-06-18
   days on market $277,490 Active 93 DOM
2. 2026-06-17
   days on market $277,490 Active 92 DOM
3. 2026-06-16
   days on market $277,490 Active 91 DOM
4. 2026-06-15
   days on market $277,490 Active 90 DOM
5. 2026-06-13
   days on market $277,490 Active 88 DOM
6. 2026-06-13
   days on market $277,490 Active 87 DOM
7. 2026-06-09
   days on market $277,490 Active 84 DOM
8. 2026-06-08
   days on market $277,490 Active 83 DOM
9. 2026-06-07
   days on market $277,490 Active 82 DOM
10. 2026-06-04
    days on market $277,490 Active 79 DOM
11. 2026-06-03
    days on market $277,490 Active 78 DOM
12. 2026-06-02
    days on market $277,490 Active 77 DOM
13. 2026-06-01
    days on market $277,490 Active 76 DOM
14. 2026-05-31
    days on market $277,490 Active 75 DOM
15. 2026-05-14
    price $277,490 1113-char remark

    Show marketing remark (1113 chars)

    Welcome to 510 Range Road, part of our Trailstone community in Caddo Mills, TX. Discover the perfect family home in this charming Traditions Series floorplan design. From the architecturally detailed exterior with its divided light windows and decorative 2-car garage door, to the warm, raised panel front door, every detail is crafted for comfort. (Decorative front door options are available for upgrade. ) Inside the home, the foyer opens to a spacious living area, ideal for family time. The kitchen, with its 36" cabinets, granite countertops, and large island, becomes the hub of daily life. The primary suite offers a peaceful escape, featuring a dual sink vanity bathroom and walk-in closet, while additional bedrooms provide ample space for children or guests. Enjoy the durability and beauty of laminate wood plank flooring in the living areas and plush carpet in the bedrooms. The innovative tech package and user-friendly smart home system ensure a comfortable and efficient living experience. Photos shown here may not depict the specified home and features. Contact us today for more details!

16. 2026-05-13
    price $277,490 632-char remark

    Show marketing remark (632 chars)

    New! Great open concept floor plan! Three bedrooms, two full baths, with covered patio. Home includes, island kitchen, Quartz counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Come see this stunning new community in Caddo Mills nestled between Hwy 66 and I-30. Enjoy small town country living with access to downtown Dallas only 42 miles away. With a playground, community pool, and 3 large lakes under an hour away, there’s no shortage of outdoor fun available with this neighborhood. This community has something for everyone! Schedule a tour today!

17. 2026-05-12
    price $297,490 1113-char remark

    Show marketing remark (1113 chars)

    Welcome to 510 Range Road, part of our Trailstone community in Caddo Mills, TX. Discover the perfect family home in this charming Traditions Series floorplan design. From the architecturally detailed exterior with its divided light windows and decorative 2-car garage door, to the warm, raised panel front door, every detail is crafted for comfort. (Decorative front door options are available for upgrade. ) Inside the home, the foyer opens to a spacious living area, ideal for family time. The kitchen, with its 36" cabinets, granite countertops, and large island, becomes the hub of daily life. The primary suite offers a peaceful escape, featuring a dual sink vanity bathroom and walk-in closet, while additional bedrooms provide ample space for children or guests. Enjoy the durability and beauty of laminate wood plank flooring in the living areas and plush carpet in the bedrooms. The innovative tech package and user-friendly smart home system ensure a comfortable and efficient living experience. Photos shown here may not depict the specified home and features. Contact us today for more details!

18. 2026-05-11
    price $297,490 632-char remark

    Show marketing remark (632 chars)

    New! Great open concept floor plan! Three bedrooms, two full baths, with covered patio. Home includes, island kitchen, Quartz counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Come see this stunning new community in Caddo Mills nestled between Hwy 66 and I-30. Enjoy small town country living with access to downtown Dallas only 42 miles away. With a playground, community pool, and 3 large lakes under an hour away, there’s no shortage of outdoor fun available with this neighborhood. This community has something for everyone! Schedule a tour today!

19. 2026-05-01
    price $295,490 1113-char remark

    Show marketing remark (632 chars)

    New! Great open concept floor plan! Three bedrooms, two full baths, with covered patio. Home includes, island kitchen, Quartz counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Come see this stunning new community in Caddo Mills nestled between Hwy 66 and I-30. Enjoy small town country living with access to downtown Dallas only 42 miles away. With a playground, community pool, and 3 large lakes under an hour away, there’s no shortage of outdoor fun available with this neighborhood. This community has something for everyone! Schedule a tour today!

20. 2026-05-01
    price $295,490 632-char remark

    Show marketing remark (632 chars)

    New! Great open concept floor plan! Three bedrooms, two full baths, with covered patio. Home includes, island kitchen, Quartz counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Come see this stunning new community in Caddo Mills nestled between Hwy 66 and I-30. Enjoy small town country living with access to downtown Dallas only 42 miles away. With a playground, community pool, and 3 large lakes under an hour away, there’s no shortage of outdoor fun available with this neighborhood. This community has something for everyone! Schedule a tour today!

21. 2026-04-06
    price $315,490 632-char remark

    Show marketing remark (632 chars)

    New! Great open concept floor plan! Three bedrooms, two full baths, with covered patio. Home includes, island kitchen, Quartz counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Come see this stunning new community in Caddo Mills nestled between Hwy 66 and I-30. Enjoy small town country living with access to downtown Dallas only 42 miles away. With a playground, community pool, and 3 large lakes under an hour away, there’s no shortage of outdoor fun available with this neighborhood. This community has something for everyone! Schedule a tour today!

22. 2026-04-04
    price $315,490 1113-char remark

    Show marketing remark (1113 chars)

    Welcome to 510 Range Road, part of our Trailstone community in Caddo Mills, TX. Discover the perfect family home in this charming Traditions Series floorplan design. From the architecturally detailed exterior with its divided light windows and decorative 2-car garage door, to the warm, raised panel front door, every detail is crafted for comfort. (Decorative front door options are available for upgrade. ) Inside the home, the foyer opens to a spacious living area, ideal for family time. The kitchen, with its 36" cabinets, granite countertops, and large island, becomes the hub of daily life. The primary suite offers a peaceful escape, featuring a dual sink vanity bathroom and walk-in closet, while additional bedrooms provide ample space for children or guests. Enjoy the durability and beauty of laminate wood plank flooring in the living areas and plush carpet in the bedrooms. The innovative tech package and user-friendly smart home system ensure a comfortable and efficient living experience. Photos shown here may not depict the specified home and features. Contact us today for more details!

23. 2026-03-17
    listed $313,490 Active 632-char remark

    Show marketing remark (632 chars)

    New! Great open concept floor plan! Three bedrooms, two full baths, with covered patio. Home includes, island kitchen, Quartz counters throughout, LED lighting, full sprinkler system, professionally engineered post tension foundation, and much more! Come see this stunning new community in Caddo Mills nestled between Hwy 66 and I-30. Enjoy small town country living with access to downtown Dallas only 42 miles away. With a playground, community pool, and 3 large lakes under an hour away, there’s no shortage of outdoor fun available with this neighborhood. This community has something for everyone! Schedule a tour today!

24. 2026-03-11
    price $313,490 1113-char remark

    Show marketing remark (1113 chars)

    Welcome to 510 Range Road, part of our Trailstone community in Caddo Mills, TX. Discover the perfect family home in this charming Traditions Series floorplan design. From the architecturally detailed exterior with its divided light windows and decorative 2-car garage door, to the warm, raised panel front door, every detail is crafted for comfort. (Decorative front door options are available for upgrade. ) Inside the home, the foyer opens to a spacious living area, ideal for family time. The kitchen, with its 36" cabinets, granite countertops, and large island, becomes the hub of daily life. The primary suite offers a peaceful escape, featuring a dual sink vanity bathroom and walk-in closet, while additional bedrooms provide ample space for children or guests. Enjoy the durability and beauty of laminate wood plank flooring in the living areas and plush carpet in the bedrooms. The innovative tech package and user-friendly smart home system ensure a comfortable and efficient living experience. Photos shown here may not depict the specified home and features. Contact us today for more details!

25. 2026-02-26
    listed $323,490 Active 1113-char remark

    Show marketing remark (1113 chars)

    Welcome to 510 Range Road, part of our Trailstone community in Caddo Mills, TX. Discover the perfect family home in this charming Traditions Series floorplan design. From the architecturally detailed exterior with its divided light windows and decorative 2-car garage door, to the warm, raised panel front door, every detail is crafted for comfort. (Decorative front door options are available for upgrade. ) Inside the home, the foyer opens to a spacious living area, ideal for family time. The kitchen, with its 36" cabinets, granite countertops, and large island, becomes the hub of daily life. The primary suite offers a peaceful escape, featuring a dual sink vanity bathroom and walk-in closet, while additional bedrooms provide ample space for children or guests. Enjoy the durability and beauty of laminate wood plank flooring in the living areas and plush carpet in the bedrooms. The innovative tech package and user-friendly smart home system ensure a comfortable and efficient living experience. Photos shown here may not depict the specified home and features. Contact us today for more details!

ⓘ 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: $28,914
• − Mortgage interest: −$15,544
• − Property taxes: −$4,162
• − Insurance: −$1,387
• − Repairs & maintenance: −$2,313
• − Management: −$2,313
• − HOA: −$480
• − Depreciation: −$8,072
• Taxable loss: −$5,358
• Est. tax savings @ 24.0%: +$1,286
• After-tax cash flow: $636/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 · 1 photo

Excellent 100/100 None rehab

This single-family home in Caddo Mills, TX, is in excellent condition with a new floor plan and high-end finishes. It is move-in ready and offers a great value for both resale and rental markets.

Value-add opportunities

• Both Landscaping improvements — Enhances curb appeal and adds value
• Both Interior paint touch-ups — Maintains a fresh and inviting interior
• Both Add smart home features — Improves convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both Interior paint touch-ups — Maintains a fresh and inviting interior ↑
• Both Add smart home features — Improves convenience and marketability ↑

ⓘ 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: Caddo Mills ISD
• NCES district ID: 4812390
• Math proficiency: 59% ▼ -6.00%
• Reading proficiency: 59% ▬ 0.00%
• Median HH income: $65,383
• Composite: 51.73/100
• National rank: #1684
• State rank: #60 of 826 in TX

Livability — Caddo Mills

• Score: 73/100
• State rank: #216
• US rank: #5332

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 10,265
• Population (ZIP): 10,265

Population outlook (Hunt County) Hauer SSP2

• Today (2025): 97,090 people
• By 2030: 100,452 · +3.5%
• By 2040: 106,544 · +9.7%
• By 2050: 111,218 · +14.6%
• By 2075: 121,695 · +25.3%
• By 2100: 123,683 · +27.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Hispanic / Latino 24% Two or more races 14% Black 3%
• Hispanic origin (detail): Mexican 21% Cuban 2%
• Common ancestry: Lithuanian 4% Slovak 1% Italian 1%
• Foreign-born: 7% · Canada, South Korea
• Languages at home: 84% English-only · Spanish 13% Korean 1% German/W. Germanic 1%

Political lean MEDSL · Hunt

• 2024 margin: Solid R (+55.5) · D 21.9% · R 77.4%
• 2008→2024 swing: -14.9pp toward R · 2008: -40.6pp · 2024: -55.5pp
• All cycles: 2024: R+55.5 2020: R+52.5 2016: R+56.3 2012: R+51.2 2008: R+40.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -43.07%
• Current HPI: 275.2189
• 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

-14.2% since first listed

11 events — show timeline

• 2026-05-14 Price Changed $277,490 Zillow
• 2026-05-13 Price Changed $277,490 NTREIS
• 2026-05-12 Price Changed $297,490 Zillow
• 2026-05-11 Price Changed $297,490 NTREIS
• 2026-05-01 Price Changed $295,490 Zillow
• 2026-05-01 Price Changed $295,490 NTREIS
• 2026-04-06 Price Changed $315,490 NTREIS
• 2026-04-04 Price Changed $315,490 Zillow
• 2026-03-17 Listed $313,490 NTREIS
• 2026-03-11 Price Changed $313,490 Zillow
• 2026-02-26 Listed $323,490 Zillow