214 County Road 3432 · Bridgeport, TX 76073

$240,000

3 bd · 2.0 ba · 1,760 sqft · Manufactured public records · 334 Days on market

Built 2005 1.66 ac lot $136/sqft · 36% below area Est $373k · 36% under

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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 +15.0/15.0
• Cash flow +14.3/30.0
• Schools +5.0/10.0
• DSCR +4.3/10.0
• Livability +3.4/5.0
• 1% rule +3.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Motivated seller!! Come and check out this beautiful Double wide home outside city limits on 1.66 acres all fenced all around for your animals and with private gate. Spacious kitchen with a small island room for a separate dinning table with all appliances except refrigerator.

Key facts

• 1.66 acres
• Double wide home
• Spacious kitchen

Tags

• DOUBLE WIDE HOME
• 1.66 ACRES
• ALL FENCED
• PRIVATE GATE
• SPACIOUS KITCHEN
• SMALL ISLAND

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $240k.

Deal economics

• At list price, monthly cash flow is $43 ($515/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $199k (17.2% below list).
• Recommended offer: $199k (17.2% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 3.3% 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.
• Paradise ISD (rural): math 58% / reading 59% proficiency, ranked #74 of 826 in TX (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Paradise El (math 42% / reading 47%, grade F, #1,155 of 4,322 statewide, top 29%, 436 students, 34% FRL); Paradise Middle (math 50% / reading 55%, grade C+, #293 of 1,662 statewide, top 18%, 293 students, 25% FRL); Paradise H S (math 67% / reading 77%, grade B+, #95 of 1,632 statewide, top 7%, 388 students, 24% FRL) — zoned schools at 28% FRL track the district average.
• Market conditions: 106 active listings in the ZIP; 460 units permitted in Wise County in 2024 (243 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 $7k 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 334 days — a 12% lower offer ($211k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 10y ago; this cycle's ask has dropped $25k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major 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 $198,638 (17.2% below list)

Questions for the listing agent

1. It's been on market 334 days. Have you received any prior offers? Is the seller open to a 17% 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: 0.83% ✗
• Cap rate: 6.51%
• Cash-on-cash: 0.77%
• DSCR: 1.03
• GRM: 10.1

CMA / ARV

• ARV (median comp): $373,245
• List price: $240,000
• Delta: -35.70%
• Verdict: UNDERPRICED
• Comps: 4 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -15.1%
• Equity multiple: 0.46×
• Total profit: $-36,210
• Equity at exit: $35,785

10-year hold

• IRR: -6.6%
• Equity multiple: 0.58×
• Total profit: $-28,222
• Equity at exit: $20,751

Cash invested: $67,200 (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 76073

• Home prices YoY: -13.9%
• Active inventory: 106
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,986 medium
• Mortgage (P&I): −$1,259
• Tax from tax record: −$168 /mo · $2,013/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$417
• Net cashflow: $43

Break-even live

Break-even rent $1,932

Max offer price $240,000

Occupancy floor 93%

Sensitivity live

Price	-10% $179	-5% $111	+0% $43	+5% $-25	+10% $-93
Rent	-10% $-114	-5% $-36	+0% $43	+5% $121	+10% $200
Rate	-1.0pp $164	-0.5pp $104	base $43	+0.5pp $-19	+1.0pp $-83

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: $60,000
• Closing costs: $7,200
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-05-19
   status Pending 278-char remark

   Show marketing remark (278 chars)

   Motivated seller!! Come and check out this beautiful Double wide home outside city limits on 1.66 acres all fenced all around for your animals and with private gate. Spacious kitchen with a small island room for a separate dinning table with all appliances except refrigerator.

2. 2026-05-12
   price $240,000 278-char remark

   Show marketing remark (278 chars)

   Motivated seller!! Come and check out this beautiful Double wide home outside city limits on 1.66 acres all fenced all around for your animals and with private gate. Spacious kitchen with a small island room for a separate dinning table with all appliances except refrigerator.

3. 2026-02-19
   price $245,000 278-char remark

   Show marketing remark (278 chars)

   Motivated seller!! Come and check out this beautiful Double wide home outside city limits on 1.66 acres all fenced all around for your animals and with private gate. Spacious kitchen with a small island room for a separate dinning table with all appliances except refrigerator.

4. 2026-01-15
   price $250,000 278-char remark

   Show marketing remark (278 chars)

   Motivated seller!! Come and check out this beautiful Double wide home outside city limits on 1.66 acres all fenced all around for your animals and with private gate. Spacious kitchen with a small island room for a separate dinning table with all appliances except refrigerator.

5. 2025-09-22
   price $255,000 278-char remark

   Show marketing remark (278 chars)

   Motivated seller!! Come and check out this beautiful Double wide home outside city limits on 1.66 acres all fenced all around for your animals and with private gate. Spacious kitchen with a small island room for a separate dinning table with all appliances except refrigerator.

6. 2025-07-17
   price $262,000 278-char remark

   Show marketing remark (278 chars)

   Motivated seller!! Come and check out this beautiful Double wide home outside city limits on 1.66 acres all fenced all around for your animals and with private gate. Spacious kitchen with a small island room for a separate dinning table with all appliances except refrigerator.

7. 2025-06-19
   listed $265,000 Active 278-char remark

   Show marketing remark (278 chars)

   Motivated seller!! Come and check out this beautiful Double wide home outside city limits on 1.66 acres all fenced all around for your animals and with private gate. Spacious kitchen with a small island room for a separate dinning table with all appliances except refrigerator.

8. 2025-02-19
   listed $245,900 Active
9. 2018-12-27
   soldstatus
10. 2018-12-14
    soldstatus Sold
11. 2018-11-15
    status Pending
12. 2018-10-06
    price $134,900
13. 2018-09-25
    listed $139,900 Active
14. 2018-09-19
    historical
15. 2018-09-04
    listed $136,900
16. 2016-05-09
    soldstatus
17. 2016-05-05
    soldstatus Sold
18. 2016-04-19
    status Pending
19. 2016-04-06
    historical Active Option Contract
20. 2016-04-03
    price $99,000
21. 2016-03-31
    status Active
22. 2016-03-11
    status Pending
23. 2016-03-03
    historical Active Option Contract
24. 2016-02-02
    listed $99,900 Active
25. 2001-07-31
    soldstatus
26. 1996-08-15
    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: $2,013 · $168/mo
• Projected year-2 tax: $4,392 · $366/mo
• Expected delta: +$2,379/yr (+$198/mo · 118.2%)

ⓘ 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 7/10 Severe
• 🌡 Heat 7/10 Severe 7 d/yr ≥110°F today · 21 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,837
• − Mortgage interest: −$13,444
• − Property taxes: −$2,013
• − Insurance: −$1,200
• − Repairs & maintenance: −$1,907
• − Management: −$1,907
• − Depreciation: −$6,982
• Taxable loss: −$3,616
• Est. tax savings @ 24.0%: +$868
• After-tax cash flow: $1,383/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: Paradise ISD
• NCES district ID: 4834260
• Math proficiency: 58% ▼ -2.00%
• Reading proficiency: 59% ▲ 6.00%
• Median HH income: $56,115
• Composite: 50.42/100
• National rank: #1871
• State rank: #74 of 826 in TX

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

• Population (ZIP): 7,267

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: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 10% Two or more races 7%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Italian 4% Iranian 3% Slovak 2%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 6%

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: ▼ -42.57%
• Current HPI: 263.5271
• 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

+140.2% since first listed

26 events — show timeline

• 2026-05-19 Pending — NTREIS
• 2026-05-12 Price Changed $240,000 NTREIS
• 2026-02-19 Price Changed $245,000 NTREIS
• 2026-01-15 Price Changed $250,000 NTREIS
• 2025-09-22 Price Changed $255,000 NTREIS
• 2025-07-17 Price Changed $262,000 NTREIS
• 2025-06-19 Listed $265,000 NTREIS
• 2025-02-19 Listed $245,900 NTREIS
• 2018-12-27 Sold (Public Records) — Public Records
• 2018-12-14 Sold (MLS) — NTREIS
• 2018-11-15 Pending — NTREIS
• 2018-10-06 Price Changed $134,900 NTREIS
• 2018-09-25 Listed $139,900 NTREIS
• 2018-09-19 Listing Removed — NTREIS
• 2018-09-04 Listed $136,900 NTREIS
• 2016-05-09 Sold (Public Records) — Public Records
• 2016-05-05 Sold (MLS) — NTREIS
• 2016-04-19 Pending — NTREIS
• 2016-04-06 Contingent — NTREIS
• 2016-04-03 Price Changed $99,000 NTREIS
• 2016-03-31 Relisted — NTREIS
• 2016-03-11 Pending — NTREIS
• 2016-03-03 Contingent — NTREIS
• 2016-02-02 Listed $99,900 NTREIS
• 2001-07-31 Sold (Public Records) — Public Records
• 1996-08-15 Sold (Public Records) — Public Records

Property tax history

+2.1%/yr

Latest (2025): $2,013 · -14.5% YoY. Source: county tax records.