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223 Fieldtrail
D Composite 43.49
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 +7.0/30.0
  • Schools +6.3/10.0
  • 1% rule +4.1/10.0
  • Condition / age +3.8/5.0
  • Livability +3.7/5.0
  • Rent growth +2.5/5.0
  • DSCR +1.2/10.0
  • Appreciation +0.0/10.0

$237,000

223 Fieldtrail · Caddo Mills, TX 75135
4 bd · 3.0 ba · 2,329 sqft · SingleFamily public records · 103 Days on market
Built 2023 Good condition 9,278 sqft lot Garage $102/sqft · 18% below area Est $291k · 18% under $48/mo HOA · 2% of rent ↓ 13% since listing

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

Listing remarks

Great neighborhood and home! Corner Lot! Caddo Mills ISD! This floorplan offers a primary suite on the main floor, a second downstairs bedroom and full bath offer the perfect space for guests, extended family, or a home office that feels separate from the rest of the home. Nice kitchen with granite countertops, a large island and a walk-in pantry. Luxury vinyl plank flooring carries you through the main living areas. Upstairs offers a second living area along with two comfortable bedrooms that offer room to grow. Outside has covered front and back porches and great curb appeal. Come check out everything this home has to offer.

Key facts

  • Caddo mills isd
  • Primary suite
  • Curb appeal

Tags

CORNER LOTCADDO MILLS ISDPRIMARY SUITEWALK-IN PANTRYCOVERED FRONT AND BACK PORCHESCURB APPEAL

Neighborhood map

Property Rental comp Retail Costco Walmart Transit Schools Stadiums Fortune 500 · Circle radius: 6.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 4-bed/3.0-bath single-family listed at $237k. Condition is rated good.

Deal economics

  • At list price, monthly cash flow is $-351 ($-4k/yr) — negative.
  • To cash-flow at today's rent, offer at most $175k (26.2% below list).
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $216k (8.7% below list).
  • Recommended offer: $175k (26.2% below list) — sets the bar for cash-flow.

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.
  • Zoned schools: Kathryn Griffis El (math 62% / reading 64%, grade B, #300 of 4,322 statewide, top 7%, 568 students, 34% FRL); Caddo Mills Middle (math 51% / reading 53%, grade C+, #301 of 1,662 statewide, top 19%, 416 students, 28% FRL); Caddo Mills H S (math 72% / reading 77%, grade B+, #82 of 1,632 statewide, top 6%, 681 students, 28% FRL) — zoned schools at 30% FRL track the district average.
  • Market conditions: 506 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals lingering (median 64d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 69% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 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 $7k 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 103 days — a 9% lower offer ($216k) is reasonable based on typical stale-listing flexibility.
  • 2 sale attempts; this cycle's ask has dropped $38k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: property tax is 3.4% of price.
Recommended offer $174,925 (26.2% 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 103 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
  3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
  4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  7. 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?
  8. 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?
  9. 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.
  10. 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.
  11. 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
0.91%
Cap rate
4.51%
Cash-on-cash
-6.35%
DSCR
0.72
GRM
9.1

CMA / ARV

ARV (median comp)
$290,678
List price
$237,000
Delta
-18.47%
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
211 Marcell Ln 0.12mi 4/3.0 2,272 (-2%) 0mo $249,900 $110 90
211 Redstone Ln 0.16mi 4/3.0 2,329 (0%) 7mo $304,900 $131 87
211 Happywell Ln 0.08mi 4/3.0 2,455 (+5%) 7mo $325,000 $132 81
222 Redbarn Ln 0.03mi 4/2.0 2,202 (-6%) 10mo $279,400 $127 77
203 Happywell Ln 0.11mi 4/3.0 2,455 (+5%) 12mo $311,990 $127 76
101 Alydar Ln 0.23mi 4/3.0 2,097 (-10%) 2mo $259,999 $124 71
219 Greenshade Ln 0.20mi 4/2.0 2,204 (-5%) 12mo $333,490 $151 68
116 Sir Barton Ln 0.38mi 4/3.0 2,097 (-10%) 0mo $269,990 $129 65
114 Admiral Ln 0.23mi 4/3.0 2,092 (-10%) 10mo $265,000 $127 64
210 Fieldtrail Ln 0.07mi 4/2.5 2,647 (+14%) 12mo $329,490 $124 62
121 Sir Barton Ln 0.34mi 4/3.0 2,097 (-10%) 12mo $265,000 $126 57
4070 Hackberry Cir 0.62mi 4/2.5 2,641 (+13%) 8mo $574,900 $218 39

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
-27.1%
Equity multiple
0.09×
Total profit
$-60,492
Equity at exit
$35,337
10-year hold
IRR
-24.3%
Equity multiple
-0.21×
Total profit
$-80,304
Equity at exit
$20,491

Cash invested: $66,360 (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.
Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

For sale now
23 active · 3 under contract
Months of supply
46.0 mo (2%/mo absorbed)
Median asking
$303,990 ($145/sqft)
Median days on market
223 d
This list price
lowest-priced of the active set
ARV vs active asking
-13.8% vs current asking $/sqft

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

ZIP-level market 75135

Home prices YoY
-13.5%
Active inventory
506
Price-to-rent
9.1×

Monthly cashflow live

Estimated rent
$2,164 high interval (Pro) →
Mortgage (P&I)
$1,243
Tax from tax record
$671 /mo · $8,057/yr
Insurance
$99
HOA
$48
Vacancy / Maint / Mgmt
$454
Net cashflow
$-351

Break-even live

Break-even rent $2,609
Max offer price $174,925
Occupancy floor

Sensitivity live

Price -10% $-217 -5% $-284 +0% $-351 +5% $-418 +10% $-486
Rent -10% $-522 -5% $-437 +0% $-351 +5% $-266 +10% $-180
Rate -1.0pp $-232 -0.5pp $-291 base $-351 +0.5pp $-413 +1.0pp $-475

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
$59,250
Closing costs
$7,110
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 29 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
227 Happywell Ln Caddo Mills, TX 4.0 2.0 2106 $2,300 $1.09 5d 1 0.03mi
217 Redbarn Ln Caddo Mills, TX 4.0 2.0 2017 $2,150 $1.07 120d 1 0.08mi
205 Fieldtrail Ln Caddo Mills, TX 4.0 3.0 2272 $2,500 $1.10 5d 1 0.11mi
204 Marcell Ln Caddo Mills, TX 4.0 2.0 1865 $2,250 $1.21 41d 1 0.15mi
218 Alice Springs Ln Caddo Mills, TX 4.0 3.0 2272 $2,350 $1.03 41d 1 0.16mi
218 Alice Springs Ln Caddo Mills, TX 4.0 3.0 2272 $2,250 $0.99 51d 1 0.16mi
151 Seabiscuit Dr Caddo Mills, TX 4.0 2.0 1690 $1,750 $1.04 139d 1 0.18mi
208 Alice Springs Ln Caddo Mills, TX 4.0 3.0 2118 $1,995 $0.94 64d 1 0.18mi
208 Alice Springs Ln Caddo Mills, TX 4.0 3.0 2118 $1,995 $0.94 79d 1 0.18mi
113 Alydar Ln Caddo Mills, TX 4.0 2.0 1690 $1,800 $1.07 26d 1 0.18mi
113 Alydar Ln Caddo Mills, TX 4.0 2.0 1690 $2,000 $1.18 139d 1 0.18mi
134 Cotton Mill Dr Caddo Mills, TX 4.0 3.0 2455 $2,695 $1.10 139d 1 0.20mi
123 Easy Goer Trl Caddo Mills, TX 4.0 3.0 2092 $2,000 $0.96 88d 1 0.21mi
116 Easy Goer Trl Caddo Mills, TX 4.0 2.0 1864 $1,795 $0.96 89d 1 0.22mi
206 Greenshade Ln Caddo Mills, TX 5.0 2.0 2012 $2,050 $1.02 20d 1 0.22mi
206 Greenshade Ln Caddo Mills, TX 5.0 2.0 2012 $2,195 $1.09 139d 1 0.23mi
111 Real Quiet Ln Caddo Mills, TX 4.0 2.0 2106 $2,000 $0.95 69d 1 0.27mi
181 Seabiscuit Dr Caddo Mills, TX 4.0 2.0 1598 $1,995 $1.25 139d 1 0.27mi
104 Omaha Ln Caddo Mills, TX 4.0 2.0 1575 $1,995 $1.27 108d 1 0.28mi
110 Real Quiet Ln Caddo Mills, TX 4.0 3.0 2158 $2,100 $0.97 117d 1 0.31mi
116 Sir Barton Ln Caddo Mills, TX 4.0 3.5 2097 $2,100 $1.00 0d 1 0.37mi
116 Sir Barton Ln Caddo Mills, TX 4.0 3.0 2097 $2,100 $1.00 2d 1 0.37mi
103 Whirlway Ln Caddo Mills, TX 4.0 2.0 1801 $1,795 $1.00 29d 1 0.37mi
100 Stovall Ln Caddo Mills, TX 4.0 2.0 2096 $1,850 $0.88 79d 1 0.38mi
3642 FM 1565 Caddo Mills, TX 3.0 2.0 1900 $3,200 $1.68 45d 1 0.47mi
157 Silver Charm Ln Caddo Mills, TX 4.0 3.0 2097 $2,200 $1.05 20d 1 0.54mi
125 Smarty Jones St Caddo Mills, TX 4.0 2.0 1690 $2,100 $1.24 67d 1 0.61mi
1001 Devoss Ct Caddo Mills, TX 4.0 4.5 3101 $4,000 $1.29 0d 1 1.44mi
176 Mockingbird Way Caddo Mills, TX 4.0 2.0 2035 $1,995 $0.98 48d 1 1.49mi

Property features AI

Finance

Other
Special listing conditions: Real Estate OwnedPossession at closing/funding
Financial info
Treat as clear loan typeNo second mortgage
HOA & community
Mandatory associationAssociation fee $285 semi-annuallyAssociation fee includes full use of facilities

Exterior

Parking
2 covered parking spaces2-car attached garageDrivewayGarage faces front
Utilities
City waterCity sewerLocated in a municipal utility district
Home design
Single family residenceResidential propertyTwo-storyPreowned (built 2023)Not attached
Construction
Brick constructionComposition roofSlab foundationYear built 2023
Exterior features
Less than 0.5 acre lotSubdivision: Stonehaven Estates Ph 1GPS directions available

Interior

Kitchen
DishwasherElectric rangeMicrowaveKitchen on level 1
Bedrooms
4 bedrooms (primary bedroom on level 1; two bedrooms on level 2; one bedroom on level 1)
Bathrooms
3 full bathroomsPrimary bathroom on level 1
Heating & cooling
Central heatingCentral air conditioning
Interior features
Two levels12 total roomsTwo living areasDining roomOther interior featuresSmart home features
Laundry & utility
Full-size washer/dryer areaWasher hookupElectric dryer hookupUtility room / laundry on level 1

Listing history 50 events

  1. 2026-09-23
    days on market $237,000 Active 103 DOM
  2. 2026-09-22
    days on market $237,000 Active 102 DOM
  3. 2026-09-21
    days on market $237,000 Active 101 DOM
  4. 2026-09-20
    days on market $237,000 Active 100 DOM
  5. 2026-09-19
    days on market $237,000 Active 99 DOM
  6. 2026-09-18
    days on market $237,000 Active 98 DOM
  7. 2026-09-17
    days on market $237,000 Active 97 DOM
  8. 2026-09-16
    days on market $237,000 Active 96 DOM
  9. 2026-09-15
    days on market $237,000 Active 95 DOM
  10. 2026-09-14
    days on market $237,000 Active 94 DOM
  11. 2026-09-13
    days on market $237,000 Active 93 DOM
  12. 2026-09-12
    days on market $237,000 Active 92 DOM
  13. 2026-09-11
    pricedays on market $237,000 Active 91 DOM
  14. 2026-09-06
    status $250,000 Active 85 DOM
  15. 2026-07-10
    status $250,000 Pending 85 DOM
  16. 2026-07-09
    days on market $250,000 Active 85 DOM
  17. 2026-07-07
    days on market $250,000 Active 83 DOM
  18. 2026-07-06
    days on market $250,000 Active 82 DOM
  19. 2026-07-06
    days on market $250,000 Active 81 DOM
  20. 2026-07-05
    days on market $250,000 Active 80 DOM
  21. 2026-07-03
    days on market $250,000 Active 79 DOM
  22. 2026-07-02
    days on market $250,000 Active 78 DOM
  23. 2026-07-01
    price $250,000 Active 77 DOM
  24. 2026-07-01
    days on market $265,000 Active 77 DOM
  25. 2026-06-30
    days on market $265,000 Active 76 DOM
  26. 2026-06-29
    days on market $265,000 Active 75 DOM
  27. 2026-06-28
    days on market $265,000 Active 74 DOM
  28. 2026-06-27
    days on market $265,000 Active 73 DOM
  29. 2026-06-26
    days on market $265,000 Active 72 DOM
  30. 2026-06-24
    days on market $265,000 Active 70 DOM
  31. 2026-06-22
    days on market $265,000 Active 68 DOM
  32. 2026-06-21
    days on market $265,000 Active 67 DOM
  33. 2026-06-18
    days on market $265,000 Active 64 DOM
  34. 2026-06-17
    days on market $265,000 Active 63 DOM
  35. 2026-06-16
    days on market $265,000 Active 62 DOM
  36. 2026-06-15
    days on market $265,000 Active 61 DOM
  37. 2026-06-13
    days on market $265,000 Active 59 DOM
  38. 2026-06-13
    days on market $265,000 Active 58 DOM
  39. 2026-06-09
    days on market $265,000 Active 55 DOM
  40. 2026-06-08
    days on market $265,000 Active 54 DOM
  41. 2026-06-07
    days on market $265,000 Active 53 DOM
  42. 2026-06-04
    days on market $265,000 Active 50 DOM
  43. 2026-06-03
    days on market $265,000 Active 49 DOM
  44. 2026-06-02
    days on market $265,000 Active 48 DOM
  45. 2026-06-01
    days on market $265,000 Active 47 DOM
  46. 2026-05-31
    days on market $265,000 Active 46 DOM
  47. 2026-04-13
    listed $275,000 Active 634-char remark
  48. 2026-01-29
    price $250,000
  49. 2025-11-26
    price $274,000
  50. 2025-11-06
    price $299,000

ⓘ 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
$8,057 · $671/mo
Projected year-2 tax
$8,057 · $671/mo
Expected delta
$0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$25,969
− Mortgage interest
−$13,276
− Property taxes
−$8,057
− Insurance
−$1,185
− Repairs & maintenance
−$2,078
− Management
−$2,078
− HOA
−$576
− Depreciation
−$6,895
Taxable loss
−$8,174
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$1,962
After-tax cash flow
$-2,255/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

Good 75/100 Cosmetic rehab Est. rehab $11,645–$34,935 screening

This single-family home in Caddo Mills, TX, is in good condition with a good condition score of 75. It offers a primary suite on the main floor, a second downstairs bedroom and full bath, and a well-maintained exterior with covered porches. The highest-ROI updates would be painting, landscaping, new flooring, and new countertops.

Value-add opportunities

  • Both Painting exterior and interior — Enhances curb appeal and interior aesthetics
  • Both Landscaping improvements — Enhances curb appeal and adds value
  • Both New flooring in bathrooms — Improves aesthetics and functionality
  • Both New countertops in kitchen — Enhances aesthetics and functionality

ⓘ 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.

C Composite school gradezoned avg 63/100

Zoned Schools

Elementary Kathryn Griffis El B TX #300/4,322 Nat'l #5,998/41,679 Middle Caddo Mills Middle C+ TX #301/1,662 Nat'l #3,033/14,009 High Caddo Mills H S B+ TX #82/1,632 Nat'l #1,629/17,239

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
B Composite livability gradescore 73/100

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

County
Hunt · 97,090 people
City population
10,265
Metro
Dallas-Fort Worth-Arlington, TX
Population (ZIP)
10,265
Household income
$95,428
Rent vs Own
13.0% rent · 87.0% own
Severe rent burden
20% of renters

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

Price history

-13.1% since first listed
6 events — show timeline
  • 2026-05-20 Price Changed $265,000 NTREIS
  • 2026-04-13 Listed $275,000 NTREIS
  • 2026-01-29 Price Changed $250,000 NTREIS
  • 2025-11-26 Price Changed $274,000 NTREIS
  • 2025-11-06 Price Changed $299,000 NTREIS
  • 2025-10-14 Listed $305,000 NTREIS

Property tax history

+154.6%/yr

Latest (2025): $8,057 · -1.9% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…