240 Barbara Trl · Indian Springs, TX 77351

$140,000

4 bd · 3.0 ba · 1,848 sqft · SingleFamily · 369 Days on market

Built 2019 Good condition 0.57 ac lot $76/sqft · 24% below area Est $183k · 24% under $8/mo HOA

---

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 +25.9/30.0
• ARV discount +15.0/15.0
• DSCR +8.7/10.0
• 1% rule +6.9/10.0
• Condition / age +4.0/5.0
• Schools +3.2/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

COUNTRY LIVING in Indian Springs Lake Estates, 2 manufactured homes on 1/2 acre. First home is a 2019 "Palm Harbor Homes" 14' x 66' Manufactured Home (blue exterior) has 2 BEDROOMS & 2 BATHS, open floor plan of Living, Dining and Kitchen. PRIMARY BEDROOM has an en-suite BATHROOM with WALK-IN CLOSET. The SECONDARY BEDROOM is on the opposite end of the home with the second BATHROOM right outside of bedroom. KITCHEN has Frigidaire appliances which includes a Range, Dishwasher and Refrigerator. Kitchen has UTILITY space within steps and has plenty of space for pantry items. Second home is a 2 BEDROOM / 1 BATH "2008" Manufactured Home 14' x 66' (white exterior). KITCHEN includes a GE Range and Refrigerator. Kitchen is designed to be an eat-in kitchen; therefore, there is no designated breakfast room but there is space. The PRIMARY BEDROOM has an attached EXTRA ROOM that includes an additional closet. This room would make a great home office, nursery or walk-in closet, extra storage room

Key facts

• Open floor plan
• Attached extra room
• Walk-in closet

Tags

• OPEN FLOOR PLAN
• EN-SUITE BATHROOM
• WALK-IN CLOSET
• UTILITY SPACE
• EAT-IN KITCHEN
• ATTACHED EXTRA ROOM

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $140k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $346 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#1,068 in TX) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Livingston ISD (rural): math 38% / reading 39% proficiency, ranked #459 of 826 in TX (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 1202 active listings in the ZIP; 769 units permitted in Polk County in 2024 (0 in 5+ unit buildings).
• This rent runs 30% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Polk County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 369 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Recommended offer $123,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 369 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.19% ✓
• Cap rate: 9.26%
• Cash-on-cash: 10.59%
• DSCR: 1.47
• GRM: 7.0

CMA / ARV

• ARV (median comp): $183,497
• List price: $140,000
• Delta: -23.70%
• Verdict: UNDERPRICED
• Comps: 6 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11430 US Highway 190 E	0.75mi	3/2.0 (-1)	2,065 (+12%)	12mo	$189,000	$92	26

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: -0.4%
• Equity multiple: 0.98×
• Total profit: $-623
• Equity at exit: $20,874

10-year hold

• IRR: 9.3%
• Equity multiple: 1.71×
• Total profit: $27,951
• Equity at exit: $12,105

Cash invested: $39,200 (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 77351

• Home prices YoY: -14.8%
• Active inventory: 1202
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,673 medium
• Mortgage (P&I): −$734
• Tax est. 1.5%: −$175 /mo · $2,100/yr
• Insurance: −$58
• HOA: −$8
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $346

Break-even live

Break-even rent $1,235

Max offer price $140,000

Occupancy floor 74%

Sensitivity live

Price	-10% $443	-5% $394	+0% $346	+5% $298	+10% $249
Rent	-10% $214	-5% $280	+0% $346	+5% $412	+10% $478
Rate	-1.0pp $416	-0.5pp $382	base $346	+0.5pp $310	+1.0pp $273

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $8 · $96/yr

Listing history 7 events

1. 2026-05-31
   days on market $140,000 Active 369 DOM
2. 2025-09-30
   price $140,000 1024-char remark

   Show marketing remark (1024 chars)

   COUNTRY LIVING in Indian Springs Lake Estates, 2 manufactured homes on 1/2 acre. First home is a 2019 "Palm Harbor Homes" 14' x 66' Manufactured Home (blue exterior) has 2 BEDROOMS & 2 BATHS, open floor plan of Living, Dining and Kitchen. PRIMARY BEDROOM has an en-suite BATHROOM with WALK-IN CLOSET. The SECONDARY BEDROOM is on the opposite end of the home with the second BATHROOM right outside of bedroom. KITCHEN has Frigidaire appliances which includes a Range, Dishwasher and Refrigerator. Kitchen has UTILITY space within steps and has plenty of space for pantry items. Second home is a 2 BEDROOM / 1 BATH "2008" Manufactured Home 14' x 66' (white exterior). KITCHEN includes a GE Range and Refrigerator. Kitchen is designed to be an eat-in kitchen; therefore, there is no designated breakfast room but there is space. The PRIMARY BEDROOM has an attached EXTRA ROOM that includes an additional closet. This room would make a great home office, nursery or walk-in closet, extra storage room

3. 2025-07-09
   price $130,000 1024-char remark

   Show marketing remark (1024 chars)

   COUNTRY LIVING in Indian Springs Lake Estates, 2 manufactured homes on 1/2 acre. First home is a 2019 "Palm Harbor Homes" 14' x 66' Manufactured Home (blue exterior) has 2 BEDROOMS & 2 BATHS, open floor plan of Living, Dining and Kitchen. PRIMARY BEDROOM has an en-suite BATHROOM with WALK-IN CLOSET. The SECONDARY BEDROOM is on the opposite end of the home with the second BATHROOM right outside of bedroom. KITCHEN has Frigidaire appliances which includes a Range, Dishwasher and Refrigerator. Kitchen has UTILITY space within steps and has plenty of space for pantry items. Second home is a 2 BEDROOM / 1 BATH "2008" Manufactured Home 14' x 66' (white exterior). KITCHEN includes a GE Range and Refrigerator. Kitchen is designed to be an eat-in kitchen; therefore, there is no designated breakfast room but there is space. The PRIMARY BEDROOM has an attached EXTRA ROOM that includes an additional closet. This room would make a great home office, nursery or walk-in closet, extra storage room

4. 2025-05-27
   listed $140,000 Active 1024-char remark

   Show marketing remark (1024 chars)

   COUNTRY LIVING in Indian Springs Lake Estates, 2 manufactured homes on 1/2 acre. First home is a 2019 "Palm Harbor Homes" 14' x 66' Manufactured Home (blue exterior) has 2 BEDROOMS & 2 BATHS, open floor plan of Living, Dining and Kitchen. PRIMARY BEDROOM has an en-suite BATHROOM with WALK-IN CLOSET. The SECONDARY BEDROOM is on the opposite end of the home with the second BATHROOM right outside of bedroom. KITCHEN has Frigidaire appliances which includes a Range, Dishwasher and Refrigerator. Kitchen has UTILITY space within steps and has plenty of space for pantry items. Second home is a 2 BEDROOM / 1 BATH "2008" Manufactured Home 14' x 66' (white exterior). KITCHEN includes a GE Range and Refrigerator. Kitchen is designed to be an eat-in kitchen; therefore, there is no designated breakfast room but there is space. The PRIMARY BEDROOM has an attached EXTRA ROOM that includes an additional closet. This room would make a great home office, nursery or walk-in closet, extra storage room

5. 2025-05-17
   historical
6. 2025-04-14
   price $70,000
7. 2025-03-18
   listed $85,000 Active

ⓘ 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: $20,073
• − Mortgage interest: −$7,842
• − Property taxes: −$2,100
• − Insurance: −$700
• − Repairs & maintenance: −$1,606
• − Management: −$1,606
• − HOA: −$96
• − Depreciation: −$4,073
• Taxable income: $2,050
• Est. tax owed @ 24.0%: −$492
• After-tax cash flow: $3,659/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 · 12 photos

Good 80/100 Cosmetic rehab

This manufactured home is in good condition with a good condition score of 80. It has a good foundation, structure, and systems. The home is move-in ready with minor cosmetic improvements needed for landscaping and curb appeal.

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances curb appeal and can attract more buyers
• Both Painting exterior and interior walls — Fresh paint can improve the home's appearance and value
• Resale Upgrading appliances — Modern appliances can attract more buyers and renters

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhances curb appeal and can attract more buyers ↑
• Both Painting exterior and interior walls — Fresh paint can improve the home's appearance and value ↑
• Resale Upgrading appliances — Modern appliances can attract more buyers and renters ↑

ⓘ 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: Livingston ISD
• NCES district ID: 4827780
• Math proficiency: 38% ▼ -1.00%
• Reading proficiency: 39% ▲ 3.00%
• Median HH income: $39,531
• Composite: 32.25/100
• National rank: #5767
• State rank: #459 of 826 in TX

Livability — Indian Springs

• Score: 60/100
• State rank: #1068
• US rank: #18956

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Indian Springs, TX
• County: Polk County · 37,143 people
• Metro: nan
• Population (ZIP): 37,143
• Household income: $66,834
• Rent vs Own: 21.5% rent · 78.5% own
• Severe rent burden: 608.0

Population outlook (Polk County) Hauer SSP2

• Today (2025): 51,049 people
• By 2030: 53,243 · +4.3%
• By 2040: 56,528 · +10.7%
• By 2050: 59,243 · +16.1%
• By 2075: 63,528 · +24.4%
• By 2100: 60,376 · +18.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 14% Two or more races 9% Black 8% Native American 2%
• Hispanic origin (detail): Mexican 11%
• Common ancestry: Lithuanian 2% Italian 2% Portuguese 2%
• Foreign-born: 5% · Canada
• Languages at home: 88% English-only · Spanish 10%

Political lean MEDSL · Polk

• 2024 margin: Solid R (+58.9) · D 20.2% · R 79.1%
• 2008→2024 swing: -21.7pp toward R · 2008: -37.2pp · 2024: -58.9pp
• All cycles: 2024: R+58.9 2020: R+54.5 2016: R+56.5 2012: R+48.2 2008: R+37.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.11%
• Current HPI: 178.5316
• Rent YoY: —
• Metro: nan
• 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

+64.7% since first listed

6 events — show timeline

• 2025-09-30 Price Changed $140,000 HARMLS
• 2025-07-09 Price Changed $130,000 HARMLS
• 2025-05-27 Listed $140,000 HARMLS
• 2025-05-17 Listing Removed — HARMLS
• 2025-04-14 Price Changed $70,000 HARMLS
• 2025-03-18 Listed $85,000 HARMLS